If you have found a home you would like to buy or you think you will soon, it’s a good time to get your application together.
You may have also entered into a conditional sales agreement with an agent or developer, so the next step is prove that you are eligible to buy a KiwiBuild home.
Preparing your eligibility documents
To prove that you are eligible for KiwiBuild we will need to see:
- proof of residency (certified copies of your passport or visa status)
- proof of income (an IRD certificate of earnings for the prior 12 months)
If you are self-employed, you must provide your earnings documents for the most current tax year, including:
- your personal IR3 statement
- Return Acknowledgement
- Notice of Assessment
Make a Statutory Declaration
You will also need to take your documents to someone who can witness a statutory declaration and sign the KiwiBuild Statutory Declaration in their presence.
This is a simple way for you to declare that all the documents you submit to KiwiBuild are genuine and accurate.
Getting your finances sorted
Just like buying a home on the open market, you will need to prove to a bank or financial institution that you are able to service a mortgage on the home you are interested in buying. You will also need a deposit.
To help with this, you may be able to make a KiwiSaver withdrawal, or be eligible for a First Home Grant or First Home Loan.
If you have been a member of KiwiSaver for three years, you may be able to withdraw all, or part of your savings to put towards the deposit on your first home.
Government help to finance your home
If you have been making regular contributions to KiwiSaver for at least three years, you may be eligible for a First Home Grant to help with your deposit. The maximum one person can get (when buying a new-build home) is $10,000, with a maximum of $20,000 per home.
On 1 October 2019, the Home Start Grant was renamed to the First Home Grant.
Additionally, if you are having trouble getting a mortgage, you may be eligible for a First Home Loan. Some lenders offer First Home Loans – underwritten by Kāinga Ora - to first home buyers who can afford to make regular repayments on a home loan but have trouble saving for a large deposit.
On 1 October 2019, the Welcome Home Loan became the First Home Loan.
Read more about the First Home Loan
You can read about all the changes on the Ministry of Housing and Urban Development's website.
Sending everything to KiwiBuild
To submit your information to KiwiBuild, you need to create an account in the KiwiBuild portal. This will step you through the submission process and securely manage your application.
Once you have all your documentation ready, it should take you between 20 and 30 minutes to complete your application. You can start your application and return at a later date to finish it.
You don’t have to wait for KiwiBuild to confirm you are qualified before you express an interest in buying. You can speak with a developer at any stage if you are interested in buying a KiwiBuild home.