Less than 20% deposit?
At Lendi Financial, we know that building a 20% deposit isn’t always realistic—especially for first-home buyers. That’s why we work with banks offering low-deposit lending options, including pathways supported by KiwiSaver, First Home Loans, and First Home Grants. In many cases, you could secure a home loan with as little as 5% deposit, subject to meeting eligibility criteria. We'll walk you through your options, including how to use your KiwiSaver funds and what government support might apply. From application to approval, we’re here to help you get into your first home sooner.
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Using KiwiSaver for your first home
If you're buying your first home, you may be able to withdraw most of your KiwiSaver savings to help with the purchase. You’ll need to have been a member for at least 3 years and meet certain conditions.
First Home Loan
With a First Home Loan, you may only need a 5% deposit to buy your first home. Supported by Kāinga Ora and available through selected banks, it's designed to help eligible buyers get into the market sooner. Income and house price caps apply.
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Family Springboard
Family SpringboardWith Family Springboard, a family member can use their home’s equity to help you buy your first home—without gifting cash. Their property secures part of your loan, making it easier for you to get started.
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Buying with Family and Friends
Team up with family or friends to buy a home together. You can combine your deposits and borrowing power to get into a property sooner—just make sure everyone’s clear on ownership and responsibilities