Buying guide
Can I buy a house with no deposit?
No deposit saved? No worries. In some cases it’s possible to buy a house without one.
AI summary
Buying a house with no deposit is challenging but possible. Options include low-deposit loans, such as the Kāinga Ora First Home Loan, which may require only 5% but often have higher interest rates or fees.
Other pathways include:
- Withdrawing from your KiwiSaver.
- Having a parent act as a guarantor using their home as security.
A mortgage broker can provide expert advice and help find suitable lending solutions for your specific situation.
Apply for a low deposit loan
If you don't have a big deposit saved it may still be possible to buy a home.
Withdraw your Kiwisaver
Tap the bank of mum and dad
Speak to a mortgage broker
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