Sometimes, getting the right lending approval isn’t about waiting for the perfect time—it’s about moving forward when everything aligns just enough.
This client came to us looking to buy their first home in the Waikato. They’d looked at properties before, but with interest rates easing and their deposit steadily growing, it finally felt like the right time to make the move. While they didn’t quite meet the criteria for the First Home Loan product through Kāinga Ora, they had found a property and were ready to go with a live deal on the table.
Here’s how we helped:
Step 1: Understanding the full picture
With under 20% deposit and no access to the Kāinga Ora-backed option, we needed to get moving and work with lenders who were open to low deposit lending—especially when a client has a signed sale and purchase agreement.
Step 2: Exploring lender options
We approached both ANZ and ASB—two banks who were actively taking applications in this space. With KiwiSaver ready to go, we needed to make sure the numbers lined up. Both banks made strong offers, but ASB was able to offer a slightly higher lending amount to meet the shortfall and had great policy support for this scenario.
Step 3: Making the right choice
Our best option here was ASB —not only offering the lending required, but also competitive interest rates and a solid existing banking relationship. This meant a smooth transition and the confidence of working with a bank the client already knew.
The result?
A clear path into their first home with the right lending behind them. ASB’s flexibility and strong lending offer helped make it happen, and our client is now on the property ladder with a plan that works!