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 for first home buyers, securing a loan with just 5% or 10% is possible, though it may mean higher interest rates or fees.
Pathways to a smaller deposit include finding a willing lender (a mortgage broker can help), using family as a guarantor, or qualifying for the government's First Home Loan. Your KiwiSaver can also boost your savings. To succeed, you'll need a strong application 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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