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. While lenders typically require 20%, several options exist for prospective buyers.
- Low deposit loans, like Kāinga Ora First Home Loans, may only require 5% but often come with higher interest rates or fees.
- You can withdraw from your KiwiSaver or have a parent act as a guarantor, using their own home as security.
- A mortgage broker can offer expert advice for non-standard situations.
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
Author
Discover More
Coast to Coast founder went for a walk one morning in his pyjamas. He came home having bought a house
Robin Judkins bought a rundown Sumner home on a whim and transformed it into a creative retreat.
Four ovens, multiple fridges and a 13-metre wall: Inside NZ’s best new kitchen
Explore NZ’s award-winning Te Arai kitchen, with a sculptural island and 13m wall of oak joinery.
Search
Other articles you might like
