• 6.79%

• 90% max
  

• Two applicants max 

• Owner-occupied only
• The applicant(s) must intend to live in the property from settlement as their primary place of residence

• First home buyer; or
• Previous homeowner in a similar financial position to a first home buyer (with letter from Kāinga Ora confirming they meet the  requirements to be eligible as second chance buyers)

• $95,000 or less for one borrower without dependents; or 
• $150,000 or less for one borrower with dependents; or
• $150,000 or less (combined) for two or more borrowers, regardless of number of dependants

• $1,000,000

• 30 years

• 90%

• 95%

• Principal and interest

• Fixed or floating

• Must be at least 5% of the purchase price
• KiwiSaver - confirmation from provider
• Regular savings - bank statement (last 90 days only)
• Gift deposit - must be non-refundable and from a relative of the applicant
• Cannot be borrowed

• Residential only
• All properties require a minimum internal floor size of 45sqm.

• 1 hectare (10,000 square metres) or less

• Sale and Purchase agreement; and
• Registered Valuation

• Freehold property, including cross-lease and stratum freehold
• Leasehold property which is perpetually renewable. 

• Must be on a single title
• Must be serviced by road, power and water
• If water supplied by water tank, size of tank to meet local body requirements

• Signed application form and disclosure

• NZ passport (current and signed) or Birth Certificate and NZ driver licence (front and back)
• Foreign passport or Citizenship Certificate and foreign driver license (front and back)
• Resident visa holders: proof of residency as evidenced on the applicants passport (visa label) or a letter from Immigration New Zealand confirming visa status.

If employed:

• Transactional bank statements (last 90 days); and
• At least two (2) consecutive payslips; and
• Either an employment contract or letter from employer, and
• ‘Earnings last 12 months’ statement from IRD (salary/wages, beneficiaries)

If unemployed:

• Last 2 years’ financial statements supported by business and personal tax returns, and
• IR3 financial return from previous tax year.

• Statements or all accounts covering the last 90 days only
• The quickest and most secure way to provide statements is through the Illion statement portal.

• Completed First Home Loan Authorisation & Declaration form

• NZ passport (current and signed); or
• NZ driver licence and NZ Birth certificate 

• NZ passport (current and signed); or 
  
• Foreign passport or Citizenship Certificate and foreign driver license (front and back)

• Must ordinarily reside in NZ and have lived in NZ for at least the last 12 months
• Must be a tax resident in NZ
• Foreign passport or Citizenship Certificate and foreign driver license (front and back)
• Proof of residency as evidenced on the applicant's passport (visa label) or letter from Immigration New Zealand confirming visa status.

• Not eligible for lending at Unity.

• Transactional bank statements (last 90 days); and
• At least two (2) consecutive payslips; and
• Either an employment contract or letter from employer, and
• ‘Earnings last 12 months’ statement from IRD (salary/wages, beneficiaries)

• IRD personal Tax Summary (IR3)
  (Minimum of 12 months and the most recent)

• IRD personal Tax Summary (IR3)
  (Minimum of 12 months and the most recent)

• 12 months with the same employer; and
• IRD personal Tax Summary (IR3)
  (Minimum of 12 months and the most recent)

• Last 2 years’ financial statements supported by business and personal tax returns; and
  
• IR3 financial return from previous tax year.

• IRD personal Tax Summary (IR3)
  (Minimum of 12 months and the most recent)

• Overseas income must be converted to New Zealand dollars using the current exchange rate on the day, and scaled at 80%; and
• Copy of the applicant’s signed Employment Agreement is required.

• Jobseeker Support
• NZ Super
• Sickness, ACC
• Sole Parent Support
• WFF, Family Assistance & Child Disability Allowance
• Accommodation supplement

• Transactional bank statements (last 90 days); or
• Written confirmation of entitlements.
• Working for Families income acceptable for children aged 13 and under.
• Evidence of benefit income in the form of a letter from WINZ/IRD is to be provided

Rental income

(existing income from tenants, flatmates or boarders)

• Evidence of regular payments to account; or
• Copy of Tenancy Agreement; or
• Letter from Real Estate agent / Property Manager

Flatmate/boarder income

(expected future income from flatmates or boarders)

• Letter from applicant confirming intention to secure flatmates or boarders.
• Maximum of two flatmates
• Maximum $250 per flatmate per week.

• Student allowances
• Casual (unverified) income
• Child support payments and/or child or spouse maintenance
• Irregular or short-term overtime and income
• Benefits not listed as acceptable and/or non-permanent benefits i.e. temporary additional support, winter energy payments etc.
• Non-taxable allowances or reimbursement allowances
• Income derived from lifestyle blocks or serviced apartments.
• Unsupported child benefits
• Parental leave payments
• Bonus income

• Apartments
• Unit in a retirement village
• Unit in a Hotel or Motel (Including redevelopment or Conversions
• Unit in a serviced or managed complex (excluding body corporate)

• Shared accommodation where each tenant has their own agreement with the landlord to rent a single room; or 
• A sleeping area in a room shared with other tenants.

• Display or show homes

• Commercial property titles
• Properties that are zoned in commercial areas
• Properties that were built for commercial, business or industrial use
• Businesses with a separate living area
• Mixed residential/commercial or previous conversions from commercial or industrial usage.

• Where the land and building are owned by a company. 

• Homes that are newly constructed and typically prefabricated off-site and deliverable or are pre-cut or ready-to-assemble.

• A property with an existing lease that will be held until end of life.

• Includes both new builds and major construction projects

• Unity will not lend against any property with known weather-tightness issues or where it is known that the property does not hold the necessary code compliance and/or permits.
• Unity will not lend on properties with Weatherside or Monolithic Cladding.

• A dwelling which has been relocated from its original site (land) and moved elsewhere. 

• Properties located in remote areas and/or with a population of less than 1500 people and without a substantial township nearby.
• Where there are limited property sales within the area to provide comparable values.

• Rural & Lifestyle properties over 15 hectares
• Agribusiness or farms where income is produced from the property

• No more than 3 months old at the time the loan is approved.
• Addressed to Unity Credit Union and extended to Kāinga Ora.
• Please refer to the Instruction to Valuer Guide for more information.

• The sale and purchase agreement must be confirmed as having all conditions met, with confirmation to be provided by the borrower’s solicitor in writing.
• No more than 3 months old at the time the loan is approved.
• A complete copy, signed by all parties.
• Handled by a licensed real estate agent.

• 3.99% fixed for 12 months

• 5,000

• Minimum 20% equity required.
• Offer also available for Kāinga Ora First Home Loans with minimum 5% equity.

• Unity's lending criteria and terms apply.
• Available for new lending of $250,000 and above.
• The cash contribution is conditional on the applicant agreeing to retain their home loan with Unity for at least 3 years.  If the home loan is refinanced with another financial institution or repaid in full within 3 years of receiving the cash contribution (including in a mortgagee sale), a pro-rata portion of the cash contribution, based on the remaining months left, will be repaid to Unity. 
• Excludes home loan top-ups.
• Home loan customers must open a Unity transactional account and have their main source of income deposited into the account. For joint loans, only one customer needs to fulfill this requirement. The account must be opened and income credited before the loan is drawn down.
• This offer is subject to change and could be withdrawn at any time and without notice.

• Less than 12 months

• 12 - 18 months

• 18 - 24 months

• More than 24 months