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 a 20% deposit is standard, you may be able to buy a home with less.
Options include low-deposit loans like the Kāinga Ora First Home Loan, which requires only 5% but can have higher interest rates. You can also withdraw from your KiwiSaver to help build a deposit.
Another path is having a parent act as a guarantor, though this carries significant risk. A mortgage broker can offer expert advice and find suitable lending solutions.
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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