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 the standard goal for first home buyers, securing a home with a 5% or 10% deposit is possible. However, this may result in higher fees or interest rates.
Options for a smaller deposit include:
- Finding a suitable lender, often with a mortgage broker's help.
- Using family as a guarantor.
- Qualifying for a government-backed First Home Loan.
Your KiwiSaver can also boost your deposit. A strong financial profile is essential for low-deposit loan applications.
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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