Five FHOS on offer to first time buyers
Housing New Zealand are selling a number of houses around the country, a portion of which are offered to first time buyers, who must fill certain criteria to be able to buy.
Among those criteria are
- income levels cannot be above certain amounts,
- a letter from Housing New Zealand must be applied for
- a valid mortgage offer from a bank or broker
- you must own the property for a minimum of 3 years.
A grant of up to 10% of the price or maximum of $20,000 can be applied for.
The idea is to keep investors off these properties and give a helping hand to those who may not otherwise be able to afford it. One advantage to getting the letter is that it is valid, I believe, for a year, which means that any houses on the FHOS scheme anywhere in the country can be applied for.
Here are the five houses
If I was a first home buyer I would be applying today!
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