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
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