First Home Loans

Low cost home loans for members, and good returns for investors.

See Home Loans

Competitive first home mortgage rates for members

We offer low-cost mortgage loans to qualifying Simplicity KiwiSaver members purchasing their first home - and now a refinancing option too.

These loans are designed to help members get into their first home - and out of debt - faster. For the mortgage portfolio, we aim to achieve returns higher than the Bloomberg NZ Bond Bank Bill Index.

As a nonprofit fund manager, Simplicity keeps management fees low and focuses on delivering strong, long-term investment returns for members - much like the building societies and thrift institutions that have served communities for generations.

Simplicity Floating Mortgage Rate vs Average Market Mortgage Rates

Average market mortgage rates are sourced from the Reserve Bank of New Zealand New residential mortgage special interest rates (B21) as at 31 August 2025. This data series does not include market floating rates but is considered to be the most comparable rates to the Simplicity’s floating mortgage rate.

From Whangārei to Invercargill

Progress so far

$224 Million

In mortgages

458

First home loans

Our goal

To provide reliable returns and help Kiwi families own their first home.

Home loans so far

Auckland

144

Bay of Plenty

20

Canterbury

83

Gisborne

3

Hawke's Bay

2

Manawatu-Wanganui

16

Marlborough

4

Nelson

13

Northland

14

Otago

24

Southland

3

Taranaki

11

Tasman

2

Waikato

24

Wellington

93

West Coast

2

As at 31 August 2025.

Frequently asked questions

You can view which of our funds are invested in first home loans here.

To see how much of your fund is invested in first home loans, look under KiwiSaver or Investment Funds for the fund you're invested in (or interested in investing in!), and then find NZ Fixed Interest below What this fund invests in.

You can see what the investment is in dollars and cents by using the Where in the World is My Money calculator on our website, and clicking on New Zealand. Look for Simplicity Home Mortgages.

Or if you're a member, log in to your account and see exactly what you have invested by clicking ‘Where in the World is my money?’ on the main menu.

The loans are to first home buyers and are secured by mortgages over residential properties, at an average loan to value ratio of 65%. These are considered lower risk investments.

Minutes to join

Grab your IRD number and driver licence or passport, and fill in the form. We’ll do everything else %)