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 challenging but possible. Seeking advice from a mortgage broker is a crucial first step to understand your options and strengthen your application.
Government help is available through the First Home Loan scheme, backed by Kāinga Ora, which allows eligible buyers to purchase with a deposit as low as 5%. Other options include Kiwisaver withdrawal, rent to own schemes, and getting financial help from family.
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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