Buying guide
Home loans for first home buyers: A beginner’s guide
Finance, sorted.
AI summary
Securing a first home loan is achievable with planning. Start by researching recent sales on Trade Me Property Insights and saving a deposit, ideally 20%.
Before applying, it's vital to strengthen your financial position:
- Reduce debt, especially high-interest loans
- Demonstrate genuine savings
- Maintain a good credit score
Engage a mortgage broker or bank early for expert advice. Also, explore assistance options like Kiwisaver withdrawal or a Kāinga Ora First Home Loan to help you buy.
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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