What is an owner occupied home loan?

An owner occupied home loan is lending used to purchase or refinance a property you intend to live in. It may be used for a standard home purchase, a property that needs repairs, or a home that requires short-term funding before moving into a longer-term loan structure.

How is an owner occupied loan different from an investment loan?

An owner occupied loan is for a property you will live in, while an investment loan is for a property that will be rented out or used to generate income. Lenders may assess these loans differently, including how they view income, deposit requirements, repayment terms, interest rates and the intended use of the property.

Can an owner occupied home loan be used for a property that needs repairs?

Yes. In some cases, an owner occupied home loan can be structured to support properties that need repairs, renovations, or remedial work before they are suitable for long-term lending. This can include homes with non-standard issues that traditional lenders may find difficult to approve.

Can Non Bank lenders help with owner occupied loans?

Yes. Non Bank lenders may provide owner occupied loan options when a traditional bank cannot assist or when the property falls outside standard lending criteria. This may be useful for unique properties, short-term funding needs, hard to prove income, past adverse credit history, or borrowers who need a more flexible lending solution.

What happens once the property is repaired or completed?

Once the property has been repaired, completed, or brought up to standard, borrowers may be able to refinance into a longer-term loan. This could be with a mainstream bank, second-tier lender, or another suitable lender depending on the borrower’s financial position and the property’s condition.

Owner Occupied Property Loans NZ

Owner Occupied Home Loan Solutions

If you are planning to live in the property you are buying, the right owner occupied home loan can make a big difference. At NonBank, we help clients across New Zealand with funding solutions for homes they intend to live in, including situations where traditional lenders may not make the process easy.

Whether you are buying your first home, refinancing an existing property, or completing a project before moving in, an owner occupied loan can provide the flexibility needed to move forward with confidence.

Flexible Owner Occupied Loan Support

Kim and the team at NonBank work with clients in a wide range of situations, including owner-build projects, homes that need remedial work, and properties that require short-term funding before they are ready for long-term finance.

In some cases, buyers are purchasing homes that need repairs or improvements before they can be refinanced with a mainstream lender. This is where the right owner occupied home loan structure can help, giving you time to complete the work and move into the property.

For situations where timing is important, we can also assist with short term finance.

Owner Occupied Home Loan Options for Unique Properties

We have also assisted clients with homes affected by earthquake damage, non-CCC issues, flooding, leaky building concerns, or contamination. These properties can be harder to finance through traditional lenders, even when they are intended to be owner occupied.

A flexible owner occupied loan can provide the short-term support needed while works are completed and the property is brought up to standard.

If you are using equity from another property to help fund your purchase, we may also be able to structure this through home equity lending.

Work With a Team That Understands Owner Occupied Lending

Securing an owner occupied home loan is not always straightforward, especially when the property or your situation falls outside standard bank criteria. Our team focuses on practical solutions that help you secure the right funding and move into your home sooner.

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Reviews

What clients say about Danielle

“I am so completely impressed with the whole lending process, how quickly everything was done and monies paid out immediately. Danielle made the whole process so easy taking all the stress out of it for me. She kept in constant contact and was positive and uplifting the whole way through. I’m 100% impressed and would return for further help in future. Thank you so much!”
NonBank clientAdviser: Danielle Happy
“My Family and I highly recommend Danielle Happy and Non Bank Ltd. We called Danielle in a desperate need for financial help when our finances didn't align with settlement of our new home. Danielle reached out to many different providers and found the one who would work with us through our tricky situation. She was so easy to deal with and put our stress at ease through her caring nature.”
NonBank clientAdviser: Danielle Happy
“Several years on from that first property, we got in contact again for our next project, and Danielle has tackled another complicated mortgage arrangement with unwavering dedication and hard work. Danielle is amazing at patiently guiding you through the complexities, and ensuring you understand each step. Her commitment to finding solutions and going the extra mile is unmatched, specially in situations were others would assign it to the too hard basket.”
NonBank clientAdviser: Danielle Happy

Owner occupied commercial property loan