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 challenging, buying a home with a low or no deposit is possible. Some lenders offer low deposit loans (as low as 5%), including Kāinga Ora First Home Loans, to applicants with strong income and credit, though these may have higher fees.
Other options include:
- Withdrawing from your KiwiSaver
- Having parents act as a guarantor or co-borrower
A mortgage broker can provide expert advice for non-standard situations and help you understand your options.
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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