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 low or no deposit is challenging but possible. Consider these options for getting onto the property ladder:
- Low-deposit loans: Some lenders and Kāinga Ora First Home Loans require as little as 5% deposit, but may have higher interest rates or fees.
- KiwiSaver withdrawal: Use your savings to help fund your deposit.
- Guarantor: A parent can use their home as security, a significant risk they must understand.
A mortgage broker can offer expert advice 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
Author
Discover More
Bombing champ returns to family land to reclaim the bach his grandfather left him
Hads Te Huia restores his family's historic Kawhia bach and reconnects with four generations of whānau history.
Dated 1950s duplex gets a new kitchen voted one of the four best in NZ
From a 1950s duplex to luxury homes, these are New Zealand’s top award-winning kitchens of 2026.
Search
Other articles you might like
