Home Loans

Home Loans

Let us help you get the house of your dreams!

Whether you're purchasing a home for the first time, renewing your home loan, renovating your current home or buying a new one we can help.

Our home loans offer great interest rates, flexible repayment terms, and you won’t be penalised if you want to pay off a little bit extra. We can pre-approve your home loan before you start looking so you know how much you can spend.


Don’t have the 20% deposit required by the banks? No problem! We are happy to consider home loan applications with a smaller deposit*.


Need to talk to someone? Simply contact us and one of our team will be happy to answer any questions you have. 


Ready to apply? Complete our home loan application and drop it off to one of our branches or email it to loans@firstcu.co.nz


You are protected by responsible lending laws. Because of these protections, the recommendations given to you about our home loans are not regulated financial advice.

This means that duties and requirements imposed on people who give financial advice do not apply to these recommendations. This includes a duty to comply with a code of conduct and a requirement to be licensed.

Our Rates 


5.85% p.a



1 Year Fixed

 2 Years Fixed


(Less than 80% LVR)

2.95% p.a

3.45% p.a


(Greater than 80% LVR)

3.45% p.a

3.95% p.a

Note: The above rates apply to owner occupied home loans only.

  • Am I eligible for a Home Loan?

    You may be eligible for a home loan depending on how much surplus income you have available for repayments. A home loan is a big commitment so we will look at your income, expenses and other debt you may have before we can make a decision.

  • What can I afford?

    To see how much you can afford, work out a budget for you and your family – this will give you an idea of how much you can afford to set aside towards the costs of owning your own home. Don’t forget to think about home ownership expenses such as rates when doing your budget.

  • How do I apply?

    We will need a completed home loan application form, including some extra information in order to process your application. Come in and see us at one of our branches, or contact our call centre.

  • What information will I need to provide?
    • A completed Home Loan Application form.
    • Proof of Income. We’ll need to see three of your most recent payslips; or an original letter from your employer confirming your base annual salary and starting date. If you’re self-employed we’ll need to see signed final financial accounts for the last two years of self-employment (prepared by a chartered accountant).
    • Your last three months bank statements – for your main transactional account/s.
    • Proof of outstanding balances on any personal loans, hire purchases and credit cards if applicable.
  • What is required on Pre-Approval?
    • Copy of Sale & Purchase Agreement.
    • Registered valuation on the property you want to buy (if applicable).
    • Statutory Declaration of Gift - Deposit (If applicable).
    • Life and/or Loan Repayment insurance
    • House insurance
  • How long will it take to repay?

    This will depend on how much you borrow and how much your repayments are.

  • How much and how often will the repayments be?

    Your repayments will be calculated by how much you borrow and how long the term of the home loan is. Repayments are usually made on a weekly, fortnightly or monthly basis. The lending officer dealing with your home loan application will be able to give you an idea of what your repayments will be.

  • Do I have to pay an application fee?

    No. First Credit Union does not charge any application fees on home loans or personal loans. 

  • What about insurance?

    Insurance on the property you purchase is compulsory and we can make these arrangements for you (see House & Contents Insurance). However, if you so wish, you can arrange this yourself through another insurer.

  • Do I need a lawyer?

    Yes – your lawyer will act on your behalf, regarding all legal requirements in refinancing or purchasing the property.

  • Can I get pre-approval?

    Yes you can. Final approval is subject to your deposit and the property you are purchasing. We may also advise you that we require a registered valuation.

  • What is the interest rate?

    Click here for our current interest rates.

  • Do I require a property valuation first?

    No, we will advise you if one is required.

  • Can I make extra payments to my home loan without penalty?

    If you have a floating home loan with First Credit Union, you can make extra payments without penalty or fees.

  • What is the maximum term?

    The maximum term of a First Credit Union home loan is 30 years.

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Important Information


*Lending criteria apply View our rates and fees here.