Home Loans

Information for members on our Home Loans arrangements

Home Loans


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New Zealand Firefighters Credit Union has an exclusive Home Loans partnership arrangement through TSB – Home Loans (New Zealand owned bank) for Firefighters, the Emergency Services Community and their families.

To qualify for the home loan interest rate discounts, you must be a member of the New Zealand Firefighters Credit Union, and the home loan application needs to be processed through the Credit Union.

Call our friendly team on 0508 613 328 to discuss how we can help, or download and complete a Home Loan Application Form and fax to 0508 568 233 or scan and email to nzfcu@firefighters.co.nz

Why did the credit union choose to partner with TSB for home loans?

New Zealand Firefighters Credit Union prides itself on providing an exceptional member experience.

Therefore, our focus was on looking for a Home Loans partnership with a like-minded organisation whereby the ‘values between both organisations were clearly aligned with regards to being New Zealand, focusing on community, our people and our customers / members’.

TSB met this criteria, and an exclusive arrangement that provides our members with interest rate discounts off TSB’s advertised home loan interest rates has been established.

Take out a new home loan with TSB of greater than $100,000 and you will:

  • Receive 0.50% p.a. off the Floating interest rate
  • Receive up to 0.10% p.a. off the Special fixed interest rates (some exceptions may apply)
  • Receive a Cash Contribution up to $2,000 towards professional services (0.50% of new lending capped at $2,000)
  • Have no application fee

For example, if a member had a $400,000 home loan on a floating interest rate, they could save up to $2,000 p.a. in interest payments.

Click here to view the standard advertised TSB Home Loan interest rates

To qualify for the home loan interest rate discounts, you must be a member of the New Zealand Firefighters Credit Union, and the home loan application needs to be processed through the Credit Union.

TSB Terms and Conditions apply.

Additional margins may apply for bridging loans and buyers with less than 20% deposit.

TSB’s standard criteria, terms and conditions, and fees apply.

All interest rates and offers can be changed or withdrawn at any time without notice.

HOW can the credit union help ME with a home loan?

You can apply for a Home Loan to:

  • Get into your first home
  • Buy your next home
  • Build a home
  • Purchase an investment property

How much would the home loan repayments be?

To obtain an indicative repayment amount for your Home Loan go to the Mortgage Calculator at Sorted, which is powered by the Commission for Financial Capability.

 

HOW does the credit union help first home buyers?

In most cases, your deposit will need to be 20% of the value of the property you are looking to purchase.

In some cases, you may qualify for one or all three of the government home ownership products designed to assist people into their first home with a 10% deposit. Your deposit can come from your KiwiSaver through a KiwiSaver first-home withdrawal, your own savings or gift from family.

Consequently, if you are a first home buyer it would be worth finding out if you qualify for:

Our Home Loans are secured against a property determined to be suitable to the New Zealand Firefighters Credit Union and TSB.

HOW DO I APPLY?

Call our friendly team on 0508 613 328 to discuss how we can help, or download and complete a Home Loan Application Form and fax to 0508 568 233 or scan and email to nzfcu@firefighters.co.nz

The New Zealand Firefighters Credit Union and TSB will require you to provide the following information to assess your Home Loan application:

  • Evidence of your income for your wages or salary (three months’ bank statements and your two most recent pay slips)
  • Or if you are self-employed, you will need to provide updated financial statements for the last two years
  • Three months’ of current statements for any credit cards, hire purchases or personal loan facilities
  • Photo Identification (Driver’s Licence or Passport). Note: these may need to be certified

Minimum Home Loan amount is $100,000.

All legal costs and any valuation report will be your responsibility.

Normal lending criteria, an establishment fee and Terms and Conditions apply.