First-Time Homebuyer Loans in NC, SC & GA
You do not need 20% down or perfect credit to buy your first home. Several programs let first-time buyers put down as little as 0 to 3.5%, and there are honest ways to bring your cash to close down further. Here's how it works.
How it works.
"First-time buyer" is not one loan. It's a path. The low-down options are conventional (as little as 3% down for eligible first-time buyers), FHA (3.5% down with a 580 or higher score), and VA or USDA (0% down for those who qualify). Gift funds from an eligible family member and seller-paid closing costs can reduce the cash you bring to the table. We match the program to your credit, income, and savings, and I coach you through every step.
Who it's best for.
First-time (or first-time-in-a-while) buyers who want a clear plan and someone to answer every question.
What you'll typically need.
- Pay stubs
- Two years of income docs
- Two months of bank statements
- ID
Common questions.
What credit score do I need?
It depends on the program. FHA can go to 580 for 3.5% down; conventional first-time options generally start around 620. On a call I'll tell you honestly where you stand.
Are closing costs separate from the down payment?
Yes. Closing costs (lender, title, appraisal, taxes, insurance setup) are separate, and the seller can often help cover them.
Sources: FHA Handbook 4000.1; Fannie Mae Selling Guide.
Ready to see if this fits?
Schedule a free consultation and we'll walk through your numbers, or start an application when you're ready to move.
Articles about First-Time Buyer
- Loan ProgramsVA Loan Entitlement in South Carolina: What First-Time Buyers Need to KnowVA loan entitlement lets eligible South Carolina veterans buy a home with no down payment and no VA-imposed loan limit. Here is how it works for first-time buyers in Charleston and Greenville.
- Loan ProgramsFHA Down Payment Requirements in North Carolina: What to Know Before You BuyFHA loans require a minimum 3.5% down payment for eligible borrowers in North Carolina, but your total cash to close includes closing costs and prepaids too. Here is what to understand before you apply.
- First-Time BuyersFirst-Time Homebuyer Loan Options in South Carolina, ExplainedThe real loan options for first-time buyers in South Carolina: low-down programs, credit basics, and honest ways to lower your cash to close.
Markets where I help buyers with this
A note on program availability & disclosures
Program eligibility, guidelines, and pricing are set by the applicable investor, agency, or program (FHA, VA, USDA, Fannie Mae, Freddie Mac, and others) and are subject to change without notice. Not all applicants will qualify. This information is for educational purposes only and is not a commitment to lend or a guarantee of approval, rate, payment, or closing date. Equal Housing Opportunity.
Let's find the right fit.
One 30-minute call is usually all it takes to narrow the field and pick the right program.
Keith Lopez, NMLS #2814077 | NEXA Mortgage, LLC, NMLS #1660690 | Licensed in NC, SC & GA | Equal Housing Opportunity