Buying guide
How much deposit do first home buyers need?
It may seem like you’ve got a mountain to climb, but with a little help it’s possible
AI summary
While a 20% deposit is ideal, first home buyers can potentially purchase a home with a 5% or 10% deposit, though this may result in higher fees or interest rates.
Options for securing a low-deposit loan include:
- Using a mortgage broker to find a suitable lender.
- Having family act as a guarantor.
- Qualifying for the government's First Home Loan scheme.
Your KiwiSaver funds can also significantly boost your deposit amount for your first home purchase.
First home buyers deposit amount
How to buy a home with a 10% or 5% deposit
Find the right lender
Buying your first home in New Zealand isn't easy but it's possible with a little help.
Get help from family
Qualify for government assistance
KiwiSaver withdrawals
There is government assistance available for ellignble first home buyers.
Improving your chances as a low deposit first home buyer
The pros and cons of low deposit home loans
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