Buying guide
Can I buy a house with no deposit?
No deposit saved? No worries. In some cases it’s possible to buy a house without one.
AI summary
Buying a house in NZ with a low or no deposit is challenging but possible. Key options include:
- Low deposit loans, like Kāinga Ora First Home Loans, which may require as little as 5% but have stricter criteria and potentially higher costs.
- Withdrawing from your Kiwisaver.
- Having parents act as a guarantor, a high-risk option for them.
For expert advice on non-standard situations, consider speaking with a mortgage broker to understand your specific options.
Apply for a low deposit loan
If you don't have a big deposit saved it may still be possible to buy a home.
Withdraw your Kiwisaver
Tap the bank of mum and dad
Speak to a mortgage broker
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