Eligible Māori can apply to borrow funds for the purposes of building, purchasing or relocating a dwelling on Māori freehold land.
I te tau 2024 i whakawhānuitia e mātou ā mātou ratonga kia āwhina i te hunga Māori e tika ana ki te tono ki te tono pūtea mō te hanga, te hoko, te nuku whare rānei i runga i ngā whenua Māori herekore.
In 2024 we expanded our services to help eligible Māori apply to borrow funds for the purposes of building, purchasing or relocating a dwelling on Māori freehold land.
Anglican clergy, widows or widowers of Anglican clergy, employees or other workers of an Anglican organisation, a member of the Christian KiwiSaver Scheme, a member of AFC’s The Retire Fund or a member of the Baptist Union Superannuation Scheme (which AFC administers) can apply to borrow against Māori land.
You must have the right to live on the Māori land. For example, you hold a licence to occupy from the landowner.
Contact us if you want to learn more about getting into your home on Māori land.
At present, we are accepting new mortgage applications from the following people:
You can use the loan towards purchasing, building or relocating a house on Māori land. However, there are some restrictions. The loan can also be used for repairs and maintenance for an existing house.
We have three different rates, to support our members: standard, concessionary and Parishioner rates.
Our aim is to be as transparent as possible with our rates and fees.
We have a full list of our rates, along with our fees here.
Check out our FAQs or contact our team for help with your mortgage queries.
No. The Māori land must be freehold, and owned and managed by an administration structure under Te Ture Whenua Māori Act 1993 (such as an ahu whenua trust or a Māori incorporation). We cannot provide a loan for a house on land held by multiple individual owners.
You can use the loan towards purchasing, building or relocating a house on Māori land. However, there are some restrictions. The house must:
The loan can also be used for repairs and maintenance for an existing house.
We will lend up to the lower of 90% of either the registered valuation or purchase price (including relocation costs if applicable) of the house. The maximum term of a loan is 25 years. You must meet our standard lending conditions, including affordability requirements.
We will only allow loan repayments and repayments on other debts to be a maximum of 33% of your gross income. If you have a student loan, hire purchase or other loan payments then these will be factored in and will limit the amount we will lend.
No, our lending is for a house that you will live in.
Before you apply for a loan we will need to talk with the landowner to get their agreement that you can live on the land.
To apply for a loan you will need to provide us with the following:
If your application for lending is accepted by us then a Whenua Māori Housing Agreement will be prepared. This sets out the terms on which we will provide a loan. This Agreement must be signed by AFC (as lender), you (as borrower), and the landowner.
You will also need to sign our loan agreement before we advance any funds.
