Helping you into your first home

Buying your first home is likely to be your biggest purchase yet, and can be a daunting process. We’re here to help you understand every angle, every step of the way.

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Work out how much you’ll need to save

The size of your deposit depends on how much you can borrow for a home loan. This is based on how much you can afford to spend on home loan repayments each week, fortnight, or month, so working this out is a good place to start. Your deposit will usually need to be at least a quarter of the loan you can afford.

Calculate now 

Getting your deposit together


A high-interest bank account, such as Rapid Save, could help you reach your goal faster.  As your savings grow, you could move some of it into a low-risk investment, like a term deposit, that could earn even more interest.


If you're a member of KiwiSaver, you might be able to withdraw your savings to help you buy or build your first home, and you could also be eligible for a grant from Housing New Zealand^.


Sometimes your parents or family members might be able to help you buy your first home, by giving you money towards your deposit, or guaranteeing your loan.  

A fund for first home buyers

If you’re planning to build or buy your first home in the next three to five years, the BNZ KiwiSaver Scheme First Home Buyers fund could help you get there quicker^

Find out more

Shared Ownership — helping first home buyers

We’ve developed a new approach to help more first home buyers in Auckland to get into certain new–build houses, through Shared Ownership.

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Understanding loan-to-value ratios

Loan-to-value ratios (LVRs) are something anyone looking to take out a home loan needs to be aware of. Here’s how to make sense of this sometimes confusing part of buying a house.

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Step-by-step guide to buying your first home

If you’re confused about the ins and outs of buying a home, you’re not alone. We’ve put together a handy timeline that explains each stage of the process, from applying for a home loan to settlement.

Talk to a mobile mortgage manager

Our mobile mortgage managers will come to you, whether you need help choosing your first home loan, want expert advice or are looking to switch to BNZ^.

Find a mobile mortgage manager