*Turnkey financing in NZ residential construction means you pay a deposit, the builder funds the build, and you settle with one final payment when the house is finished and ready to move into.
Reserve Bank LVR exemptions allow deposits as low as 5–10% for new builds, making homeownership more accessible.
New builds are exempt from Debt-to-Income (DTI) limits, potentially increasing your borrowing capacity.
Interest-only or capitalized interest options during construction delay repayments until your home is complete.
1. Lower Deposits
Reserve Bank LVR exemptions allow deposits as low as 5–10% for new builds, making homeownership more accessible.
2. No DTI Restrictions
New builds are exempt from Debt-to-Income (DTI) limits, potentially increasing your borrowing capacity.
3. Flexible Repayments
Enjoy interest-only payments during construction, with some lenders also offering capitalised interest options to delay repayments until your home is complete.
4. Low Maintenance Living
A brand-new Stonewood home means fewer repairs and more time to enjoy your space.
Once you understand your financing options, the next step is choosing a home design that fits your lifestyle, section and budget. Explore some of Stonewood’s featured designs below.
Choosing a new build mortgage over an existing home loan offers unique advantages.
A construction loan is a mortgage for building a new home, with funds released in stages (progress payments) as construction progresses. It often includes interest-only payments during the build.
With a turnkey build, the builder handles the construction funding, and you pay a fixed price at settlement, making the process simple and stress-free.
Yes, new builds often qualify for deposits as low as 5–10% due to Reserve Bank LVR exemptions. Contact our partners to check eligibility.
Funds are drawn down at key stages (e.g., foundation, framing, completion), coordinated with your builder to ensure smooth funding.
Financing options may be available for house and land packages, depending on the package structure, lender requirements and your financial circumstances. A lending specialist can explain how the land purchase and construction costs may be financed.
Consider the interest rate, fees, deposit requirements, repayment structure, progress-payment arrangements and any conditions that apply during construction. It is also important to understand what happens when the build is completed and how repayments may change.
Select up to three products to compare.
