First Home Loan Eligibility Calculator

This calculator gives you a quick, indicative check on whether you might meet the headline criteria for low-deposit first home lending support in New Zealand, the kind of scheme that can let eligible buyers purchase with as little as a 5% deposit instead of the usual 20%. You enter the property price, the deposit you have saved, your household income, the income cap that applies to you, and the house price cap set for your area, since both caps vary by region and change over time. The calculator works out your deposit as a percentage of the price and checks it against the 5% minimum, compares your household income against the income cap, and checks the property price against the regional price cap. It then returns a clear verdict, either that you may be eligible to apply or that one or more criteria are not met, alongside a breakdown showing your deposit percentage, whether your income sits within or over the cap, and whether the price sits within or over the cap. Because the deposit minimum, income and price caps are set by the scheme and revised periodically, confirm the current figures before relying on the result. This is an indicative guide only, not a guarantee of approval; a lender will still assess your full situation, so use this tool to gauge your position and seek advice before applying.

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This is an indicative check against a minimum 5% deposit, an income cap, and a regional house price cap, all of which change and are set by the scheme. It is not a guarantee; a lender assesses your full situation. Confirm the current rules and seek advice. Estimate only.