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Thread: Welcome home loan eligibility - PR/Residency requirement

  1. #1
    Join Date
    Dec 2014
    Location
    The Shire
    Posts
    327

    Default Welcome home loan eligibility - PR/Residency requirement

    Hi everyone,
    I'm doing some research about options for first home buyers. There is a scheme called "Welcome Home Loan" which opens the opportunity to buy a house with only 10% deposit.
    One thing is they require "You are a New Zealand citizen or permanent New Zealand resident". Has anyone here applied for this loan before?
    http://www.welcomehomeloan.co.nz/am-i-eligible/
    I'm quite confused whether a "resident visa" holder is eligible for this loan? Or the applicant must hold a "permanent resident visa"?

  2. #2
    Join Date
    Oct 2013
    Location
    New Zealand
    Posts
    2,281

    Default

    Quote Originally Posted by l00k View Post
    Hi everyone,
    I'm doing some research about options for first home buyers. There is a scheme called "Welcome Home Loan" which opens the opportunity to buy a house with only 10% deposit.
    One thing is they require "You are a New Zealand citizen or permanent New Zealand resident". Has anyone here applied for this loan before?
    http://www.welcomehomeloan.co.nz/am-i-eligible/
    I'm quite confused whether a "resident visa" holder is eligible for this loan? Or the applicant must hold a "permanent resident visa"?
    read on in the add, it clearly says "You are a New Zealand citizen or permanent New Zealand resident (holding a ‘Permanent Resident Visa’)."

  3. #3
    Join Date
    Dec 2014
    Location
    The Shire
    Posts
    327

    Default

    Thanks Chris Seem like I ought to consider houses in the Hutt Valley and Wainuiomata. House price in Wellington City is also quite expensive now.

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