Buying guide
Home loans for first home buyers: A beginner’s guide
Finance, sorted.
AI summary
Securing your first home loan is a crucial step. Start by researching property prices on Trade Me Property Insights and preparing your deposit, which is ideally 20%.
Before applying, tidy up your finances by reducing debt, demonstrating genuine savings, and ensuring a good credit score. Seek professional advice from a mortgage broker or bank.
Explore assistance options like Kiwisaver withdrawals or Kāinga Ora loans. Getting pre-approval is essential before starting your property search and making an offer.
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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