How to Buy a House with Less Than 20% Deposit in New Zealand

In Episode 26 of the Mortgage Matters Podcast, host Joel Sadler interviews mortgage advisor Greg Miller about home-loan options for buyers with less than a 20% deposit. Greg explains low-deposit premiums and “loadings,” with roughly 0.25% for 15–19.9% deposits and up to 0.75% for 10–14.9%, and notes loadings usually come off once 20% equity is reached, often only at the end of a fixed-rate term, using desktop valuations. They also cover ways to reach 20% equity faster (paying down debt, adding value, or market growth) and outline Kainga Ora First Home Loan benefits, criteria (first-home buyers, income caps, employment rules, deposit-use rules), and its one-off insured fee capitalized into the loan with near-special rates. For help with a low deposit home loan visit: https://www.advancedmortgagesolutions... 00:00 Welcome and Setup 00:21 Low Deposit Loan Options 00:55 Reserve Bank LVR Limits 02:38 Strong Application Basics 03:47 Interest Premiums Explained 06:17 Removing the Loading 07:58 Boosting Equity Faster 09:00 Valuations and Fixed Terms 11:18 Wrap Up and Contact Info 11:53 New Episode Intro 12:07 Greg's Property Background 12:30 Gregs Property Journey 13:41 Kainga Ora Overview 14:42 How The Guarantee Works 16:35 Key Benefits Explained 17:48 Catches And Ownership 19:23 Eligibility Criteria 21:30 Income And Deposit Rules 23:34 Fees And Rate Loadings 27:15 Best Option Then Alternatives