First Home Loans

Low cost first home loan financing for qualifying KiwiSaver members, and good risk adjusted returns for investors.

See Home Loans

Competitive floating mortgage rates for eligible members

We offer competitive floating-rate home loans to eligible Simplicity KiwiSaver members buying their first home. We also now provide refinancing options for existing first home loans.


These loans are designed to help members get into their first home sooner and pay off their mortgage faster. Our mortgage portfolio targets returns above the Bloomberg NZ Bond Bank Bill Index.


As a nonprofit fund manager, Simplicity keeps management fees low and focuses on delivering strong, long-term returns for members — similar to the community-focused building societies and thrift institutions that have supported generations of homeowners.

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 28 February 2026. 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

$227 Million

In mortgages

468

First home loans

Our goal

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

Home loans so far

Auckland

150

Bay of Plenty

17

Canterbury

85

Gisborne

3

Hawke's Bay

2

Manawatu-Wanganui

16

Marlborough

4

Nelson

15

Northland

17

Otago

24

Southland

3

Taranaki

10

Tasman

2

Waikato

27

Wellington

91

West Coast

2

As at 28 February 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 owner / occupiers and are secured by mortgages over residential properties with this security diversified across NZ. The maximum loan to valuation ratio is 80% but can be extended to 90% at the manager's discretion. The maximum debt servicing ratio is 35% of after tax income (joint if applicable). These are considered conservative criteria. Based on the lending policy and security held, these loans are considered to be 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 %)