Buying guide
How much deposit do first home buyers need?
It may seem like you’ve got a mountain to climb, but with a little help it’s possible
AI summary
Aiming for a 20% deposit is ideal for first home buyers, but it's possible to buy with as little as 5% or 10%. Be aware that a lower deposit may result in higher fees or interest rates.
Options for securing a low-deposit loan include:
- Using a mortgage broker to find a suitable lender.
- Getting family help, such as a guarantor.
- Qualifying for the government's First Home Loan.
Your KiwiSaver can also be used to boost your deposit.
First home buyers deposit amount
How to buy a home with a 10% or 5% deposit
Find the right lender
Buying your first home in New Zealand isn't easy but it's possible with a little help.
Get help from family
Qualify for government assistance
KiwiSaver withdrawals
There is government assistance available for ellignble first home buyers.
Improving your chances as a low deposit first home buyer
The pros and cons of low deposit home loans
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