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 in NZ with a small deposit is challenging but possible. Consider applying for a low deposit loan, such as a Kāinga Ora First Home Loan, which may only require 5% but often comes with higher interest rates or fees.
Other options include:
- Withdrawing from your Kiwisaver
- Asking parents to act as a guarantor
A mortgage broker can provide expert advice for non-standard situations and help you understand your best path forward.
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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