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
While a 20% deposit is standard, first home buyers may secure a loan with just a 5% or 10% deposit, though this can mean higher fees or interest rates.
Options for a low-deposit loan include:
- Finding the right lender, often with help from a mortgage broker.
- Getting family to act as a guarantor.
- Qualifying for the government's First Home Loan scheme.
Your KiwiSaver can also be used to boost your deposit, but a strong financial profile is essential.
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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