Buying guide
Home loans for first home buyers: A beginner’s guide
Finance, sorted.
AI summary
Securing your first home loan is easier with careful planning. Start by researching recent sales on Trade Me Property Insights to set a budget and aim to save a 20% deposit.
Before applying, strengthen your financial position by reducing debt, showing genuine savings, and ensuring a good credit score. Seek advice from a mortgage broker or bank, and explore support like Kiwisaver withdrawal or a Kāinga Ora loan. Get pre-approval before starting your property hunt.
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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