First Home Loans

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

Competitive first home mortgage rates for members

We offer mortgage loans to qualifying members purchasing their first home.

These loans are at competitive floating rates, so members can get into their first home and out of debt faster. And for the mortgage portfolio we aim for returns that are higher than the Bloomberg NZ Bond Bank Bill Index.

As a nonprofit investment fund manager, Simplicity keeps management fees low and focuses on investment returns to our funds. It’s what thrift and building societies have been doing for centuries. 

Simplicity Floating Mortgage Rate vs Average Market Mortgage Rates

From Whangārei to Invercargill

Progress so far

$145 Million

In mortgages

285

First home loans

Our goal

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

Home loans so far

Auckland

86

Bay of Plenty

10

Canterbury

53

Gisborne

4

Hawke's Bay

2

Manawatu-Wanganui

10

Marlborough

1

Nelson

7

Northland

8

Otago

15

Southland

2

Taranaki

9

Tasman

2

Waikato

18

Wellington

56

West Coast

2

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 %)