1. Starting out

Getting your deposit together

Your deposit can be made up from a combination of savings, KiwiSaver, a KiwiSaver HomeStart grant and family assistance. You may not need a 20% deposit, there are options that mean you may only need 10%. However, the more deposit you have the better.

Ways to save for your deposit
Figuring out how much you could borrow

The amount you can borrow to buy your house depends on several things; how much deposit you have, your income, your individual financial situation and how much you can afford in home loan repayments.

Use our handy calculators*
Talking to the experts

Our home loan experts are here to help you figure out where you're at, where you want to get to and how to get there.

Talk to a home loan expert

2. Get conditional approval

Once you've got your deposit together and you're ready to start going to open homes, you should apply for conditional approval.

What is conditional approval?

Getting conditional approval means we’ve agreed, in principal, to loan you a certain amount of money subject to some conditions, such as making sure we're happy with the property you'd like to purchase. It can also be helpful knowing how much you can afford to spend, can make putting an offer on a house quicker and easier, and is often attractive to sellers.

How to get conditionally approved

To get conditionally approved, you'll need to complete our home loan application form plus provide evidence of your earnings and savings. Our offer lasts 90 days, and can be extended for another 90 days, as long as you continue to meet the criteria.

One of our home loan experts can help you through the process.

Apply for conditional approval

3. Making an offer on a potential home

Once you've got your deposit and conditional approval sorted, it's time to start looking for your first home. There are a few things you may want to think about and get checked when you're looking at properties.

Ways to purchase a property

Properties can be sold by offer and negotiation, tender, or auction. It's worth knowing how each of these sale and purchase methods work and what are some common conditions you can include on the Sale and Purchase Agreement.

Read ways to purchase a property
Checks and reports

Once you've found a property that ticks all the things you're looking for in a property, you'll need to do your homework to make sure all the checks and reports show the property is in good condition or you know what needs working on. You'll need to check with us to ensure we're happy with the property too.

You should also check to make sure you can get house insurance on the property, this will also mean you'll know how much your insurance premium is likely to be.

It's also a good idea to have a cash deposit ready if your offer is accepted. It can be up to 10% of the purchase price.

Find a lawyer

It's a good time get a lawyer involved - they'll advise you on what you need in your Sale and Purchase Agreement, provide advice on the negotiation process and check relevant paperwork, like the LIM and Certificate of Title.

Read more about making an offer

4. Going unconditional

Great! Your offer has been accepted you're going unconditional.

What does going unconditional mean?

Going unconditional means any conditions you put on your Sale and Purchase Agreement have been met.

You'll now need to send us a signed copy of your Sale and Purchase Agreement and get your KiwiSaver documentation underway, if you're looking to use it as part of your deposit.

Structuring your home loan

Before you decide on how to structure your home loan, you should know the difference between home loan types. Knowing the difference between fixed, variable, revolving credit and offset could save you thousands of dollars in interest, meaning you'll pay off your home loan sooner. We can talk you through all your options.

Once you've decided on the structure we'll send the home loan documentation to your lawyer.


Once you’ve gone unconditional, your lender will discuss insurance with you. There are two types of insurance to consider: House Insurance to protect your new house, and Life & Living Insurance which will protect you and your family should the unexpected happen.

Learn more about structuring your home loan

5. Moving into your new home

Getting ready for settlement day

Before getting the keys to your new home, you'll get the opportunity to do a pre-settlement check of the property - to make sure everything is how you were expecting it to be.

Your lawyer will check that the rates and utilities are all paid up on the property and prepare a settlement statement, which they’ll send to us. We'll then pay the amount of your home loan (and any savings you’re putting in, if you've requested us to do this) to your lawyer.

Settlement day - the day you get the keys

Once the funds are received, your lawyer or the real estate agent will arrange the keys for you to pick up.

Learn more about managing your home loan

Talk to a home loan expert - we're here to help

At any stage of your home buying journey, our home loan experts are available to give you obligation-free advice and guide you through the process right to the end.

Our Mobile Mortgage Managers can come to a location of your choice and our Banking Consultants are available your local Kiwibank branch. Our home loan team is also available by calling 0800 000 654 between 8am and 6pm, Monday to Friday.

*The calculators should be treated as a guide only. They don't take into account your individual circumstances and are not financial advice.

Kiwibank’s lending criteria, terms and conditions, and fees apply.