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 no deposit is challenging but possible. Options include low deposit loans, like Kāinga Ora First Home Loans, which require as little as 5% but may have higher interest rates or fees.
You can also withdraw from your KiwiSaver to help fund your deposit. Another path is having a parent act as a guarantor, using their home as security—a significant risk. 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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