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? Several alternative homeownership schemes can help Kiwi first-home buyers get on the property ladder. These programs bridge the gap for those with low deposits by offering shared ownership or specialised loans.
Key options include:
- Kāinga Ora First Home Partner: Government co-ownership for new builds.
- NZ Housing Foundation: Charity-led shared ownership in specific developments.
- YouOwn: A private scheme that tops up your deposit.
- Squirrel Launchpad: A loan for high-income, low-deposit buyers.
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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