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 a low deposit is achievable, though it may have higher long-term costs. Consulting a mortgage broker is a crucial first step to explore your options and prepare a strong application.
The government's First Home Loan scheme, backed by Kāinga Ora, allows eligible Kiwis to buy with just a 5% deposit. Other pathways include Kiwisaver withdrawal, rent-to-own schemes, and financial help from family, helping you enter the property market sooner.
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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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