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 home in NZ with a low or no deposit is challenging but possible. While a 20% deposit is standard, several options exist for aspiring homeowners.
These include:
- Low deposit loans (as little as 5%), such as a Kāinga Ora First Home Loan, which may have higher rates.
- Withdrawing from your KiwiSaver.
- Having a parent act as a guarantor, using their home as security.
A mortgage broker can provide expert advice for 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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