Buying guide
Low deposit home loans: how to buy your first home sooner
Got less than 20%? No worries.
AI summary
Buying your first home with less than a 20% deposit is possible, though it may involve higher long-term costs. Seeking advice from a mortgage broker is a recommended first step to explore your options.
Key pathways include:
- The First Home Loan scheme, backed by Kāinga Ora, for eligible buyers with a 5% deposit.
- KiwiSaver first-home withdrawal.
- Financial help from family, either as a gift or by acting as a guarantor.
These strategies can help you buy sooner.
Get advice right away
Buying with a small deposit is possible – but there are drawbacks
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There's help available if you're sturggling to save a deposit.
Getting a little help from the government
First home loan scheme - 5% deposit loans
Kiwisaver withdrawal
Rent to own schemes
State house purchasing
Saving for a house in NZ isn't easy/.
Getting help from family and friends
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