Buying your first home can feel out of reach when you’re told you need a 20% deposit. But the good news is low-deposit mortgage options are now more accessible than ever across New Zealand. Whether you’re working with 5% or 10%, SK Financial Group can guide you through the process and connect you to the right lenders.
Saving a 20% deposit can take years, especially with rising living costs. A low deposit mortgage helps first-home buyers enter the market faster, with just 5% to 10% down. This allows you to start building equity while continuing to grow your financial foundation.
A Low deposit mortgage allows you to purchase a home with less than the typical 20% deposit. In New Zealand, this usually means needing as little as 5% saved, especially through schemes like Kāinga Ora First Home Loan. These mortgages are ideal for those who have stable income but limited savings.
If you're a first-time buyer, low deposit mortgages can open doors to homeownership with as little as 5% down. Through government initiatives like the Kāinga Ora First Home Loan and flexible lender programs, first home buyers can qualify for low-deposit mortgage NZ options tailored to their income and savings.
At SK Financial Group, we work closely with first home buyers to secure the right low-deposit mortgage. From checking your eligibility to preparing your application and liaising with lenders, we simplify the entire process with tailored advice and clear steps.
low-deposit mortgages for first-time buyers offer real advantages:
You may qualify for a low deposit mortgage in NZ if you:
With a low deposit mortgage NZ (5% deposit), your upfront cost is lower, but interest rates may be higher, and you might pay the lender’s mortgage insurance. A 20% deposit often results in better rates and lower long-term repayments.
At SK Financial Group, we take the guesswork out of low-deposit mortgages for first-time buyers. From KiwiSaver guidance to lender negotiations, we handle everything. You’ll have a dedicated mortgage expert from day one.
Get on the Property Ladder Sooner
Even a small deposit can go a long way. Let’s explore your options.
Yes, with the Kāinga Ora First Home Loan, you may be eligible to buy with just a 5% deposit. It depends on your income, credit profile, and other lending criteria.
It’s a government-backed scheme that helps eligible first home buyers access mortgages with as little as a 5% deposit. You must meet income and residency criteria to qualify.
Possibly. While mainstream banks may hesitate, some lenders are more flexible. At SK Financial Group, we help match you with the right lender for your situation.
Typically, yes. Loans with less than 20% deposit may carry a low equity margin, increasing your interest rate slightly. However, Kāinga Ora loans are exempt from this margin.
You can withdraw most of your KiwiSaver funds to use as part or all of your deposit if you’re buying your first home. We help you through the full KiwiSaver withdrawal process.
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