How do I get into my new home?

New Zealanders have started asking some big questions around “How can I get into my new home faster?” This got us thinking about all the ways we could help make home ownership possible.

We’ll give you a 6 month pre-approved loan so you can house hunt with confidence
5 FREE QVs helps you check out properties you like and compare values 
Our home loan experts can come to you at a time and place that suits you

Deposit options

Depending on your financial situation, there are still loads of ways we might be able to help get you into your new home faster.


HomeSaver is our special savings and home loan package, designed to help you fast track your savings towards your first home. You'll be rewarded with a first home booster, a great interest rate, savings and home buying tips plus lots of support and motivation to help keep you on track.

Find out more about HomeSaver here.

Help from your family


Sometimes you need extra help and this is where gifting can help. As the name implies, this is when your parents or other people can gift you some of the amount you need for your deposit, so you can apply for a home loan. You will need to show where the money came from but your gifters won’t have any ongoing obligations to the bank.

Family Springboard

Another way your family could help you into your dream home is to provide their own home as part security for your home loan. This allows them to use their assets to help you and means you may need to contribute little or no money up front as a deposit. Of course, you must still be able to meet the repayments on your home loan.

For more information, click here.

This information is provided for general information purposes only and does not take into consideration you or your family’s personal financial situation. Westpac recommends obtaining independent advice in respect of these options.

How can KiwiSaver help?

If you’ve been a member of KiwiSaver for at least 3 years, you may be able to take out some or all of your contributions (plus your employer’s contributions) to help you buy your first home - as long as it’s going to be your principal place of residence.

After 3 years of saving you might also qualify for a Housing New Zealand first home subsidy of up to $5,000 depending on how long you’ve been saving. If you qualify, you’ll get $1,000 a year - for each year of contributions to KiwiSaver – for up to five years. Couples who both qualify could up this amount to $10,000 between them.

The KiwiSaver information provided is subject to changes to government policy and regulation from time to time. Conditions and eligibility criteria apply to KiwiSaver first home withdrawal and subsidy incentives.

Welcome Home Loans

Westpac has teamed up with Housing New Zealand to offer Welcome Home Loans - these are low deposit home loans designed to help you get into that first home and on the property ladder.

It could be for you if:

  • you’re buying your first home 
  • you’ll live in the home you are buying
  • you only have a 10% deposit
  • your annual household income before tax is below $80,000 for one borrower, or is below $120,000 for two or more borrowers

Just note, a Welcome Home Loan has house price caps and can only be used to purchase owner occupied property, which means you must live in the house you buy.

Find out more about Westpac Welcome Home Loans here.

Home Loan Approvals

60 seconds to get conditionally approved

That's right. When you apply for a home loan online with Westpac, you could be conditionally approved online right there and then within 60 seconds of submitting your application (we will still need to see the required supporting documents before you can get on with renovating or making a bid on a house).

If you aren't ready to apply, but want to talk to us about how we can help, simply fill out our 'Request a call back' form and we'll get right back to you.

Pre-approval to find your dream home

It's not easy to find the perfect home, so we make sure you have plenty of time to look around, knowing you've got your finances sorted. Apply for a home loan now and once you have your pre-approval you'll know what you can spend, giving you the time to find the right home for you and confidence to negotiate an offer.

Apply online now 


Finding the right home and making the right decision can be quite a journey. But if knowledge is key, HomeClub is where you could unlock your new home.

With HomeClub, making an informed decision has never been easier because we have all the property information, tools, tips and advice all in one place. 

You’ll find lots of useful things to help you with your house hunting:

  • unlimited QV reports, once you’re approved with Westpac
  • link to your watchlist
  • save your favourite houses and keep your own notes on them
  • understand the neighbourhood so you can make a great offer
  • view detailed comparable sales
  • jump to street view to get a closer look
  • get automatic mortgage calculations on properties of interest

And it's free to join so what's stopping you?

Start using HomeClub today (this link will take you to the HomeClub website)

Westpac’s current home loan lending criteria and terms and conditions apply. An establishment charge may apply. A Low Equity Margin may apply. An additional fee or higher interest rate may apply to loans if the application is accepted but does not meet the standard lending criteria. The free QV E-Valuer property reports are available with all home loan approvals. The QV report provided is an estimate of the current market value of a property based on local, recent, comparable sales, see for more details. Reference to non-Westpac websites are provided for your convenience only. Westpac accepts no responsibility for the availability and content of such websites. These reports are not registered valuations which may be required by Westpac. Westpac does not accept liability for loss arising out the use of the QV report.