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
While saving a 20% deposit is difficult, buying a home with little or no deposit is possible. Options include low deposit loans and the Kāinga Ora First Home Loan, which require as little as 5% but may have higher fees.
Eligible buyers can also withdraw from their KiwiSaver. Another path is having a parent act as a guarantor, a significant risk for them. A mortgage broker can provide expert advice for these non-standard situations.
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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