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 property prices on Trade Me Property Insights and saving a deposit, ideally 20%. Tidy up your finances by reducing debt, showing genuine savings, and maintaining a good credit score.
Seek professional advice from a mortgage broker or bank to understand your options. Explore financial assistance like using your Kiwisaver or a low-deposit Kāinga Ora loan. Getting pre-approval is a key step before starting your property search.
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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