What if my KiwiSaver is not enough for the deposit?

Short answer: Combine with savings, First Home Grant, family gifts, and First Home Loan. Multiple sources together.

What this actually means in plain English

You can combine KiwiSaver with savings, the First Home Grant, gifts from family, and the First Home Loan. KiwiSaver rarely covers the whole deposit by itself. That is normal. The system is designed so multiple sources combine to get you to 5% or 20%.

Key Facts

KiwiSaver + savings = common combination
First Home Grant adds up to $10,000
Family gifts are allowed with proof
First Home Loan lets you buy with 5% total

Example

Kiwi Saver: $20,000

Savings: $10,000

First Home Grant: $5,000

Family Gift: $5,000

Total Deposit: $40,000

On600k House: 6.7% deposit

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