Ngā whiringa hoko.

Purchase options.

At AFC you may be eligible to borrow money for your first home, forever home, land or even to move into a retirement home. Learn about the options below.

Te hoko kāinga noho hou.

Purchasing a new home.

Purchasing a new home – If you are looking to purchase a new home to live in or to eventually retire into, we could help you achieve your goal.

We can lend:

up to 80% of the registered valuation (less the value of chattels) or the purchase price, whichever is lower, or
up to 70% of the council rating valuation or the purchase price, whichever is lower.

Te hoko whenua.

Purchasing land.

If you are looking to build a new home this can be an exciting and stressful time. We are here to make the process as easy as possible.

We can lend:

up to 70% of the registered valuation of bare land (or the purchase price, whichever is lower), or
up to 60% of the land value shown on a council rating valuation (or the purchase price, whichever is lower).
Once construction has started, we can lend up to 80% of the actual value at the date of a supporting valuation. Funds are paid out in progress payments, and further drawdowns may require updated progress valuations.
We do not lend against a projected completion value.

Te hanga kāinga noho hou.

Building a new home.

If you are looking to build a new home this can be an exciting and stressful time. We are here to make the process as easy as possible.

We can lend:

a maximum of 70% of a registered value on bare land.
Once the build has begun we will lend a maximum of 80% of the actual value at the date the valuation is completed.
If you supply a City/District Council valuation we will lend a maximum of 60% of the land value shown.
We will not lend on a projected value at completion.

Kua oti ngā pūtea te whakaae.

Be ready to buy with finance approved.

Getting pre-approval can make your home-buying journey much smoother.

It shows you how much you can borrow and gives you confidence when making offers. Our pre-approvals are valid for six months, giving you plenty of time to find the right property.

It’s a simple step that helps you move quickly when you find the home or land that’s right for you.

Te whakarite pūtea anō.

Refinance your loan with AFC.

If you have a loan with another lender, refinancing with AFC can help you get better terms, adjust your repayments, or access additional funds. We’ll guide you through the process to make it simple and straightforward, helping everything move smoothly from start to finish.

He pātai tonu āu mō ngā mōkete?

Still have questions about mortgages?

Check out our FAQs or contact our team for help with your mortgage queries.

Who don’t you lend to?

We’re here to help individuals with their home or land lending, but we don’t provide mortgages for businesses, church entities, investment property portfolios, or land used for farming crops or animals. Our focus is on helping people purchase, build, or refinance a property for personal use.

How does the lending process work for a build?

If you’re purchasing land and then building:

Confirm what type of valuation is needed to begin the process.
Provide the valuation to us.
Let us know your land settlement date.
Tell us how much funding you’ll need at settlement.
Submit progress valuations during the build to access further funds.

If you already own the land:

Confirm what type of valuation is needed to start the build.
Provide the valuation to us.
Let us know how much funding you need to begin and when you’d like to draw down.
Submit progress valuations during the build to access further funds.

What do I need to know when refinancing?

Talk to your current lender about any fees or discharge costs.
There’s no set settlement date, coordinate with your lender to avoid delays and extra legal fees.
A Registered Valuation allows borrowing up to 80% of the property’s value (excluding chattels).
A Council valuation allows borrowing up to 70% of the capital value.
Standard fees and costs apply.

What do I need to know for a pre-approval?

Pre-approval limits are based on your income.
They are valid for 6 months.
You can reapply if it expires before you find a property.
A valuation is required once you choose a property to confirm lending eligibility.
The final loan amount may differ from your approved limit depending on the property’s value.
The interest rate is selected once a property is found and a settlement date is set.