Buying guide
Alternative homeownership: Support for low deposit buyers
Learn about schemes designed to help low deposit buyers get on the property ladder.
6 June 2023
AI summary
Struggling with a house deposit? This guide covers alternative homeownership schemes for Kiwi first-home buyers.
Shared ownership options let you co-purchase a home and buy out the partner's share over time. Key providers include:
- Kāinga Ora First Home Partner
- NZ Housing Foundation
- YouOwn
For high-income earners with a small deposit, the Squirrel Launchpad loan is another solution. Each programme has unique eligibility criteria for income, residency, and property type, so research is essential.
Here are some schemes available for low deposit buyers in New Zealand:
The Kāinga Ora First Home Partner scheme
Only certain homes are eligible for the First Home Partner Scheme.
New Zealand Housing Foundation shared ownership
YouOwn shared ownership
Squirrel Launchpad home loan for those high on income, low on deposit
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