National pledges to nearly double First Home Loan income cap

National says it would raise the First Home Loan scheme's combined income cap from $150,000 to $300,000 if re-elected, letting households earning nearly twice the current limit qualify for a 5 percent deposit. The caps, set in 2022, are $95,000 for a single buyer without dependents and $150,000 for multiple buyers. Kāinga Ora runs the scheme.