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 prices on Trade Me Property Insights to set a budget and aim for a 20% deposit, though lower deposit options may be available.
Before applying, it's vital to tidy up your finances by reducing debt and showing genuine savings.
- Seek professional advice from a mortgage broker or bank.
- Explore assistance like Kiwisaver withdrawal or a Kāinga Ora loan.
Getting pre-approval is essential before you start 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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