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
Securing your first home often requires a 20% deposit, but options exist for as little as 5% or 10%. Be aware that a smaller deposit may result in higher interest rates or fees.
Pathways to a low-deposit loan include using a mortgage broker, getting family help via a guarantor, or qualifying for the government's First Home Loan. You can also boost your savings by making a KiwiSaver withdrawal. A strong financial history is essential for approval.
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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