Home Loan Types
We work with first-home buyers, expats, business owners and retirees, because every borrower deserves advice that fits their story.
Home Loan Types – Finding the Right Fit Starts Here
Every buyer has a different goal, and every loan should reflect that. Whether you’re buying your first home, building, investing, or simply looking for a smarter structure, choosing the right type of loan is key to making your finances work for you, not against you.
At Ruahine Finance, we break down your options in plain language and guide you toward the loan that best supports your needs today, while keeping your future goals in sight. Here’s a quick look at the most common home loan types and how they work.
We Accomodate All Home Loan Types
Variable Rate Home Loan
A flexible option where your interest rate can go up or down with the market—potentially saving you money over time. Great if you want to take advantage of rate drops or make extra repayments without penalties.
Fixed Rate Home Loan
Gives you stability and predictability with a locked-in interest rate for a set period. Ideal if you prefer certainty around your repayments and want to plan your budget with confidence.
Guarantor Home Loan
A family member can use their property as security to help you get into the market sooner, often with a smaller or no deposit. A smart option for first-home buyers with family support.
No Deposit Loan
Designed for buyers with strong income and rental history but no deposit saved. May involve a guarantor or special lender criteria. Let’s talk through your options to see if it’s possible for you.
Construction Loan
Perfect if you’re building a new home or doing major renovations. Funds are released in stages as the build progresses, helping you stay in control of your costs.
Bridging Loan
Helps you buy your next home before selling your current one. Short-term finance that fills the gap so you don’t miss out on the right property.
Line of Credit
A revolving loan where you can borrow and repay funds as needed, like a credit card, but secured against your property. Often used for renovations or ongoing expenses.
Offset Loan
Links your savings account to your home loan to reduce the interest you pay, without locking away your funds. Great for disciplined savers who want to pay off their loan faster.
Split Loan
Gives you the best of both worlds by dividing your loan into fixed and variable portions. Ideal if you want flexibility while still locking in some certainty.
We'll Match The Loan Type To Your Plan
Your goals, income, and lifestyle all shape what kind of loan will actually work for you. Instead of jumping straight to numbers, we start by learning about your situation, what’s happening in your world, what you want to achieve, and what might be holding you back. We look beyond the paperwork to understand what matters most, then match you with a lender and structure that supports your next move, and whatever comes after
Loan Types FAQ
What’s the difference between fixed and variable loans?
Fixed loans give you a locked-in rate for a period (usually 1–5 years), while variable loans can go up or down with the market. Each has pros and cons, and we can help you weigh them based on your situation.
Can I switch loan types later?
Yes. Many lenders allow you to refinance or restructure your loan as your needs change. We’ll guide you through that process if and when the time is right.
Is a split loan better than choosing one type?
It depends on your goals. A split loan lets you enjoy the security of a fixed rate and the flexibility of a variable loan. It’s a popular option for borrowers who want balance.
Are there loan types better suited for investors?
Yes, loan structure is especially important for investors. Features like interest-only repayments or offset accounts can help with cash flow and tax efficiency.
What if I don’t have a deposit saved?
There may still be options available, especially with family support. We’ll help you explore low-deposit or guarantor-based loans to see what’s possible for you.
Not Sure Which Loan Type Is Right for You?
No two home buyers are the same, so why should their loans be? We’ll help you understand your options and structure a loan that supports your goals today and in the future.
Get in touch today and we’ll help you discover the right path for you.
