Saving for your First Home

We'll help you get there.

With a little planning and some realistic goal setting, you may be surprised how soon you'll be looking for your first home.

To make it a little easier, we have the Home Ambition package. It's a complete banking service that helps you set your goal and work out how to get there.  We may even be able to give you a conditional pre-approval of your home loan, which will give you an indication of how much you can afford to spend.

However, if you don't have a deposit and still want to buy now, check out our FirstHome options for people with low or no deposit at all. They're designed to help first home buyers get into a home of their own, no matter what their situation. It's best to contact us to see if you meet our criteria.

Please note, a low equity premium may apply where a loan amounts to over 85% of the property's value. A registered valuer's report will also be required for lending over 80% of the property's value. An application fee and our lending criteria will also apply. Try our simple calculator to work out what percentage of the property's value you may have to borrow, based on your current deposit. This is what is commonly referred to as your 'loan to value ratio'.

You can use our calculators to develop your own savings plan, work out a budget and consider your home loan options. Our Home Buyers Centre can take you through the process of buying your first home. We also have a network of Mobile Mortgage Managers throughout New Zealand who are available to talk you through the options.

To talk to someone about saving for your home or the Home Ambition package, call us on 0800 18 18 18 or visit your nearest branch of The National Bank.

Our lending criteria, Home Ambition criteria,  terms, conditions and fees apply. For borrowing over 80% of a property's value, a Low Equity Premium on a graduated scale will apply and a Registered Valuer's Report will be required. Conditions apply to home loan pre-approvals.  Read our disclosure statement.