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
First home buyers should aim for a 20% deposit, but securing a loan with a 10% or 5% deposit is possible. This may result in higher interest rates or fees as a 'low equity borrower'.
Options for a low-deposit loan include finding a willing lender with a mortgage broker, using family as a guarantor, or qualifying for the government's First Home Loan. Your KiwiSaver can also boost your deposit. Lenders favour applicants with stable employment and minimal debt.
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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