Buying your first home

Get cash back on your first home loan.

Apply for a new Westpac home loan of $250,000 or more for your first home and you could get $5,000 or more cash back, to help make your home greater.

How it works

All applicants must be first home buyers as determined by Westpac.
Available on new Westpac residential home loans of $250,000 or more.
This limited offer may be withdrawn at any time without notice.

Talk to our experts to see whether a Westpac home loan is right for you.

Calculators.

See all calculators

How much can I afford?

Get an idea of how much you could borrow using our affordability calculator.

Try the affordability calculator

How much will my repayments be?

Work out how much your home loan repayments might be.

Try the repayment calculator

Speak to a Home Loan Expert.

Have a free, no obligation chat with one of your local Home Loan Experts to learn more about our range of low deposit options, designed to help you into your first home sooner.

Request a call back

Fill in your details, and we'll get back to you.

Schedule a call

Meet face-to-face

Our Home Loan Experts can come to you at a time and place that suits you.

Find your local Home Loan Expert

Apply online

Existing customers can apply for a home loan via Westpac One® online banking.

Login to Westpac One

First Home Buyer Seminars.

Come along to a free seminar run by our Home Loan Experts to help you into your first home sooner. We'll cover:

Your local market update,
Tips for getting your deposit together, and
What we're looking for in your home loan application.

Register now.

The process.

1

Apply

You can choose to apply in branch, via a Home Loan Expert, or existing customers can also apply via Westpac One® online banking.

2

Conditional approval

If you’re applying in a branch or via a Home Loan Expert, we can often give a conditional approval on the spot (subject to eligibility and responsible lending inquiries) for straight forward applications where all required documentation is provided.

Note, if there's a second applicant they will also need to agree to the application and a credit check.

3

Start house hunting!

A conditional approval gives you an idea of how much you can borrow, based on conditions and responsible lending inquiries. With this you can now start looking for a house that you could call home.

Featured rates.

¹ Minimum 20% equity, plus salary credit to a Westpac transaction account. Not available with any other Westpac home loan offers, or promotions or package discounts. Loans for business or Investment purposes excluded.

Lending criteria, terms and conditions, apply to home loans.

For home loans with less than 20% equity, a low equity margin may apply, see low equity margins explained for more details on how this is applied.

Interest rates are subject to change without notice.

If you don’t pay amounts when they’re due, your home loan account may exceed its limit and the interest rate applied to the over limit amount will be your annual interest rate plus an additional 5% p.a.

Things you should know.

The information above is subject to changes in government policy and law, and changes to the Westpac KiwiSaver Scheme, from time to time. 

²Conditional approval requires a credit check, confirmation of the details provided in your application and responsible lending inquiries. Other conditions may also apply depending on the nature of your application.

Westpac's eligibility criteria, home loan lending criteria, terms and conditions apply. A low equity margin may apply.

Buying your first home.