Buying guide
Home loans for first home buyers: A beginner’s guide
Finance, sorted.
AI summary
Securing a home loan is a key step for first home buyers. Start by researching property prices on Trade Me Property Insights to set a budget and aim for a 20% deposit, though lower options may be available.
Before applying, improve your financial position by reducing debt and showing genuine savings. Seek professional advice from a mortgage broker or bank to get pre-approval. Explore support options like KiwiSaver withdrawal or a low-deposit loan through Kāinga Ora to assist your purchase.
Get an idea of what your budget needs to be
Get your deposit together
Sort your finances out
Sorting out your finances will make getting your first home loan much easier.
Speak to a professional about home loans for first home buyers
Get as much help as you can
Find the one (or a few)
Arranging finance should be one of the first things you do when buying a home.
Make an offer or bid at auction
Settle and move in
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