Here's a breakdown of the First Home TOGETHER package.


First Home TOGETHER is a special home loan package designed to get you in your first home sooner. Through Deposit Help the PCU offers up to 10% interest-free support towards a 20% house deposit, coupled with a regular home loan to cover the balance. There are no restrictions on your household income, and you can choose any home without a value cap.

Deposit Help:

If you’re struggling to save for a 20% deposit, First Home TOGETHER provides a solution. PCU contributes up to 10% of your home’s price interest-free for up to 10 years. Over time, you buy this deposit share back to own 100% of your home.

What is 'First Home TOGETHER'?

First Home TOGETHER eases the burden of a 20% deposit by sharing the cost with the Police Credit Union. With Deposit Help, they co-own your home without being landlords. You buy the PCU’s share back over up to 10 years.

Your deposit can include savings, Defence Force Superannuation Scheme withdrawal, KiwiSaver withdrawal, First Home Grant or gifts from family.


For First Home buyers. Previous homeowners may be still eligible (Check Kāinga Ora criteria for this)

First Home TOGETHER package:

Your Deposit

  • At least 10% of the house purchase price, including KiwiSaver, Defence Force Superannuation Scheme, savings, gifts or the First Home Grant.

PCU 'Deposit Help'

  • Up to 10% interest-free support provided by the Police Credit Union for up to 10 years, making a total of 20% of the house purchase price.

Main Home Loan

  • The Police Credit Union provides a regular home loan to cover the balance of your home.


  • Only a 10% deposit required.
  • No income cap.
  • No house value cap.
  • Flexibility to sell whenever you want.
  • Reduced repayments due to interest-free Deposit Help.
  • One-stop-shop for all your needs.
  • Fewer fees compared to other options.

For more information:

Visit the PCU Defence page.