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More ways to get into your first home sooner.
You could move into your first home without having to save a huge deposit. The government, Kāinga Ora, or your family, could help you on your way.
Less than 20% deposit?
We’ve got a range of low deposit options to help get you into your first home sooner.
You could use your KiwiSaver savings to help buy your first home.
5% deposit? You may be eligible for assistance from Kāinga Ora.
Leverage equity in property owned by your parents or family members.
You only need a 10% deposit towards a new-build property.
Combine funds with family and friends to get into your first home sooner.
Use a Shared Ownership Programme to buy your first home with just 5% deposit.
Borrow more than 80% of your home’s value. Subject to availability. Talk to our experts.
Shared home ownership report.
We've worked with Deloitte to explore the opportunities for shared home ownership to get more New Zealanders into their own homes.
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.
Meet face-to-face
Our Home Loan Experts can come to you at a time and place that suits you.
Apply online
Existing customers can apply for a home loan via Westpac One® online banking.
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.
Calculators.
See all calculators
How much can I afford?
Get an idea of how much you could borrow using our affordability calculator.
How much will my repayments be?
Work out how much your home loan repayments might be.
Things you should know.
1 First Home Loan can only be used for the purchase of owner occupied properties. Income caps apply. A one-off Lenders Mortgage Insurance Premium applies. Current First Home Loan eligibility criteria, lending criteria, terms and conditions apply.
2 If lending for the project is over 80% LVR (loan-to-value ratio) for owner occupiers or 60% LVR for investment properties, it must be a new build with a single fixed price contract that specifies a completed, ready to live in property. Applications must include Master Builders Guarantee or a Certified Builders Guarantee, which includes 'non-completion' cover.
3 The information above is subject to changes in government policy and law, and changes to the Westpac KiwiSaver Scheme, from time to time.
Westpac's eligibility criteria, home loan lending criteria, terms and conditions apply. A low equity margin may apply.