Think you need a 20% deposit to buy a home? Think again. At Genesis Mortgages, we specialise in helping New Zealanders enter the property market with 10%, 5%, and in some cases, even lower deposits.
If saving a massive deposit feels impossible, we are here to show you a faster path home.
A low-deposit loan allows you to purchase a property with less than the traditional 20% equity. In New Zealand, this is often called high LVR lending.
Low-deposit loans can carry stricter bank criteria, but we know which lenders are open to low-deposit buyers and which schemes may give you the strongest chance of approval.
We guide eligible buyers through the First Home Loan scheme, which can allow purchase with a 5% deposit.
We help coordinate your KiwiSaver withdrawal so you can understand your true deposit position.
We can structure family support or guarantor loans where a family member helps bridge the deposit gap.
We compare major banks with non-bank lenders offering more flexible deposit requirements for unique situations.
Some banks charge a low equity margin. We help minimise these costs or find lenders with lower fees.
We help present your income, savings habits, and credit history clearly to strengthen your application.
Low-deposit pathways depend on your deposit amount, income, savings record, and lender criteria.
| Deposit Amount | Common Pathway | Key Requirement |
|---|---|---|
| 10% Deposit | Standard Bank Loan | Strong income and good savings habits. |
| 5% Deposit | Kāinga Ora First Home Loan | Income caps apply. |
| Under 5% Deposit | Guarantor / Non-Bank | Requires family equity or specialised lender criteria. |
We review your KiwiSaver, cash savings, and potential grants to find your true deposit total.
We check if you meet the criteria for Kāinga Ora and other low-deposit lending pathways.
We identify which banks currently have capacity to take on low-deposit clients.
We package your application to highlight strengths such as clean credit history and strong income.
We guide you on the types of properties banks will and will not lend on with a low deposit.
We manage final bank requirements so you can move into your new home.
Yes, the Kāinga Ora First Home Loan is designed specifically for this. We can confirm your eligibility in minutes.
Sometimes banks add a small margin, often called LEM, if your deposit is under 20%. We work to find the lender with the lowest possible margin.
There may still be options. We look at your total household position and can explore non-bank lenders who offer more flexibility.
Yes. Gifted deposits are very common, and we can help you with the gift letter the bank will require.
Let’s find out how close you are to homeownership. Genesis Mortgages helps first-home and low-deposit buyers find a faster path home.
View our Google Reviews and see how Genesis Mortgages has helped buyers enter the market sooner.
We compare options across a wide network of trusted lenders to help you secure the right loan structure for your goals.
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