Financing a granny flat, tiny home or minor dwelling is more achievable than many people think. The right pathway depends on your deposit, KiwiSaver access, equity position and repayment ability — here are the main options our customers use.
Westpac was the first New Zealand bank to launch a mortgage built specifically for prebuilt homes. Their "Choices Pre-Built" product takes security over your home while it is being built in our factory, so you can make progress payments to the builder as construction advances — funding the home before it arrives on site. Since launching in 2019 it has become a popular pathway for prebuilt buyers, and it lets builders use less working capital, which keeps costs down.
Buying land to build a Compac home on? You can put your KiwiSaver First Home withdrawal toward the land (not the build itself). From there, the equity in your land can secure a traditional mortgage to fund the build. Note: KiwiSaver can't be used to build on land you already own — even if it was gifted or inherited.
To qualify for a First Home Withdrawal:
These are the general rules — always confirm with your KiwiSaver provider, as every situation is different.
Lime Group offer a personal, one-to-one service to help you find the right loan and product — all explained in plain language. They do the hard work of sourcing the most competitive mortgage terms for your situation, and it's a completely free service.
Flexible financing secured over the tiny home itself — ideal if you don't own land. A streamlined application process with expert guidance every step of the way.
Interest rates depend on several factors including credit score, deposit level and income-to-repayment ratio. All loans are subject to Home Now finance credit criteria and must meet responsible lending guidelines.
Rent-to-Own works much like finance. While Compac Homes doesn't offer rent-to-own directly, we recommend a specialist third-party provider who lends on transportable homes. You can start an online application below, or talk to any of the providers above to find the package that suits you.
Get an indicative price in minutes, or book a free site assessment.
Information only and not financial advice. Lending is subject to each provider's criteria and approval. Please talk to your bank, mortgage broker or KiwiSaver provider about your specific circumstances.