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 difficult, but options exist. Lenders may offer low deposit loans, including Kāinga Ora backed First Home Loans, requiring as little as 5% down, though often with higher rates or fees.
You can also withdraw from your Kiwisaver or ask parents to act as a guarantor. A mortgage broker can provide expert advice for non-standard situations, helping you understand your options and what needs to be done before you can buy.
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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