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 small deposit is achievable. Consulting a mortgage broker is a crucial first step to understand your options and strengthen your application.
Several pathways can help, including the government's First Home Loan scheme, underwritten by Kāinga Ora, which allows eligible buyers to purchase with just a 5% deposit.
Other options include:
- Kiwisaver withdrawals
- Rent-to-own schemes
- Financial help from family
While these can get you on the property ladder sooner, they may have higher long-term costs.
Get advice right away
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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