Breaking down barriers to homeownership is what drives our passion as mortgage advisers. In this heartwarming episode, we share a success story that proves there's always hope for aspiring homeowners, even when mainstream banks say "no."

Meet a remarkable family with three young children who faced significant obstacles on their homeownership journey. Despite having a steady occupation, the father had changed employers to support his family's needs, disqualifying them from Kāinga Ora's First Home Loan programme despite meeting income requirements. When traditional banks wouldn't consider their application, we discovered a creative solution through a second-tier lender that allowed them to enter the property market with their 10% KiwiSaver deposit.

We explore the strategy of using non-bank lenders as a stepping stone, revealing how after just three months of proven payment history, clients can often refinance with mainstream banks through dollar-to-dollar refinance options. This approach proves particularly valuable in today's buyer's market, where Wellington property values have decreased by 3%. By entering the market now rather than waiting months to meet conventional lending criteria, buyers can build equity sooner and avoid being priced out by potential future market increases.

The podcast delves into common misconceptions about first home buying programmes, clarifying that income caps are just one of several eligibility factors for Kāinga Ora loans. We emphasize that homeownership remains achievable for many Kiwi families on average incomes through strategic planning and exploring alternative lending pathways.

Have you been turned down by mainstream banks? Don't lose hope – talk to us about finding your unique pathway to homeownership. We're passionate about helping families achieve their property dreams, no matter what obstacles stand in their way.

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Wondering if your ACC payments could stand in the way of homeownership? Our latest episode shatters common misconceptions around mortgages for those with unconventional income streams.

We dive deep into a fascinating case study of a client receiving permanent ACC payments while working as an Uber driver. While his ACC income is viewed favourably by lenders, his self-employment history presents unique challenges. Despite seven years in business, a recent gap year and inconsistent earnings have made mainstream banks hesitant.

The good news? Solutions exist. We explore alternative lending options and strategies for strengthening financial positions over time. The key takeaway: ACC income can absolutely work for mortgage approval when it's permanent and properly documented.

Perhaps most inspiring is our success story about a single mother with four dependents who secured a mortgage based entirely on ACC and benefit income. This remarkable achievement allowed her to buy out her ex-partner's share of their home—despite him having permanent employment with a substantial salary. It's powerful proof that with the right mortgage broker, homeownership remains accessible even in complex financial situations.

For anyone receiving ACC payments or working in non-traditional employment, this episode offers practical guidance and genuine hope. Whether you're self-employed, receiving permanent benefits, or balancing multiple income streams, homeownership might be closer than you think. Listen now to discover how to navigate your unique path to property ownership.

Send us a text

Support the show

Buy your first home in NZ Weekly Webinars

You thought it's not possible or the dream is too far away? Come to my webinar and I will show you, you are much closer to your dream, than you think you are!

Join Here - https://bit.ly/4m9SL72

Send us a text

Support the show

Buy your first home in NZ Weekly Webinars

You thought it's not possible or the dream is too far away? Come to my webinar and I will show you, you are much closer to your dream, than you think you are!

Join Here - https://bit.ly/4m9SL72