Your first home buyers guide

Thinking about your first home but not sure where to start? Explore our comprehensive first home buyers guide, with helpful resources for every stage of your home ownership journey.

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Buying your first home? Our team is here to help.

Just started thinking about home ownership? Or maybe a real estate app is the most used on your phone? We know that buying your first home and navigating a world of acronyms and jargon can be a little tricky. That's where we come in.

Whether you're browsing, budgeting, or buying, our team of home buying experts will be with you every step of the way to answer any questions you have.

Book an appointment Chat to a Home Ownership Manager

Select where you are on your first home journey

You're thinking about how to get your first home but you're not sure where to start. 

Starting out

You're now thinking about budgeting and how you can save for your deposit.

Power saving

You're researching what's out there and hunting for your first home. 


How to book a home loan appointment

Setting up a home loan appointment is easy in the ASB Mobile Banking app or FastNet Classic internet banking. Follow these quick steps to talk to a home lending specialist about your first home.

Step one: Log into the ASB Mobile Banking app, or to FastNet Classic.

Step two: Tap 'More' (in ASB Mobile Banking app) or 'Menu' (in FastNet Classic), and then select 'Contact us'.

Step three: Click the 'Book an appointment' button and follow the booking instructions from there.

Step four: Update your personal details, including email and phone number, if they’re out of date. 

Step five: Select 'Home Loan' as the main purpose of your appointment (this will match you with an ASB home lending specialist). If you are a first home buyer select 'Buying your first home'.

Step six: Fill in all relevant appointment details.

Step seven: Select how you would like to talk to the ASB home lending specialist. You'll then be prompted to choose your location, date, time to find suggested available appointments.

Step eight: Your appointment is confirmed! Here you'll be able to see all of your appointment details.

First home buyers get $5,000 cash. Minimum.

We're giving first home buyers $5,000 cash when you take out a home loan of $200,000 or more.

Whatever you're looking for in a home, we can help.

Apply online

ASB's lending criteria and terms apply. To be eligible for the $5,000 cash contribution, you must have new lending of $200,000 or above. The lending must be for purchasing a home to be owner-occupied by the applicant(s) and must be the applicant's first home loan (as determined by ASB). The cash contribution is conditional on the application agreeing that the loan will remain with ASB for at least three years, and if the loan is repaid within that time, a pro-rata portion of the cash contribution, based on the remaining months left, will be repaid to ASB. This offer cannot be used in conjunction with any other ASB cash contribution offer. 

Frequently asked questions

Where do I start if I want to buy a home?

If you are starting to think about buying your first home then we have heaps of handy information to help here. The first key step to buying a home is working out what you want and what you can afford. This will help you work out how much you will need to save to turn your dream of buying a home into a reality. 

How much do I need to save for a deposit on a house?

To get a home loan your deposit will generally have to be 20% of the property's value – but it all depends on your individual situation. Buyers may be able to get into a home sooner with a deposit as little as 10%.

How much can I afford to spend on a house?

When buying your first home, the amount you can afford to spend on a house will depend on how much you earn and the expenses you will need to pay. Factors that contribute to how much you can afford to borrow include but are not limited to the following; your income (individual or joint), living costs, number of people supported by your income, KiwiSaver contributions and interest rates. Use our home loan borrowing calculator to see what you could afford to borrow. 

How do I withdraw my KiwiSaver funds to buy my first home?

To withdraw your KiwiSaver funds to buy your first home, you need to check you are eligible and have a sale and purchase agreement showing you as the purchaser.

If you are eligible, tell your lawyer that you would like to make a KiwiSaver first home buyers withdrawal and they will guide you through the process.

You will need to complete an application, which can take up to 10 days to be processed. For more information see our KiwiSaver first home withdrawal page.

How do I apply for the First Home Grant?  

To apply for a First Home Grant you need to check you are eligible

If you are eligible, there are two ways to apply:

  • Pre-approval – if you are still looking for a home to purchase
  • Full approval – if you have found a home you would like to buy

For more information or to apply, check out the First Home Grant page on the Kᾱinga Ora website.

How do I apply for a mortgage?

To get started you can apply for pre-approval online, over the phone, at any ASB branch or one of our Home Ownership Managers.

Borrowing calculator

Home loan interest rates

Min 20% equity

12-month fixed rate
18-month fixed rate

24-month fixed rate

36-month fixed rate
48-month fixed rate

60-month fixed rate
6-month fixed rate
18-month fixed rate

24-month fixed rate
36-month fixed rate
48-month fixed rate
60-month fixed rate
6-month fixed rate
12-month fixed rate
Housing variable rate

Rates may change. Loan processing fee of up to $400 may apply. After the fixed rate period the Housing Variable Rate will apply. For those with less than 20% equity see here for rates.

We're here to help

Apply online

Start your home loan application online. We'll be in touch to complete the next steps with you.

Get started

Give yourself 5-10 minutes.

Meet in person

One of our team can meet at a time and place that suits you, or you can make an appointment to meet at an ASB branch.

Find a Home Ownership Manager near you.

Log in to book an appointment.

Give us a call

You can pick up the phone and call one of our home lending team, weekdays 8am-6pm and on Saturday 8:30am-5pm.

0800 100 600

+64 9 306 3000 for overseas

Manage loan online

Existing customers can view and manage loans, apply for a top up and more.

Log in to Home Central

ASB's lending criteria and terms apply.

ASB's terms apply. To use the ASB Mobile app, you need to be registered for FastNet Classic (ASB internet banking). Please call 0800 MOB BANK (0800 662 226) to register for either. It’s free to use the ASB Mobile app, but your usual data costs and standard FastNet Classic transaction and service charges will apply.

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