10 Most Common Questions First-Time Homebuyers in Summerville Ask (Answered)
Buying your first home is a major milestone — but it’s also full of questions. To make the process easier, here are the top 10 first-time homebuyer questions in Summerville, SC, answered clearly.
1. How much do I need for a down payment?
Traditionally, 20% is ideal, but many buyers in Summerville use FHA, VA, or USDA loans with 3–5% down (or even 0% for eligible military).
2. What credit score do I need?
Most lenders look for 620+, though some programs allow scores as low as 580. Higher scores mean better interest rates.
3. Are there programs for military or first responders?
Yes! With Charleston Air Force Base nearby, many buyers qualify for VA loans with 0% down and no PMI. South Carolina also offers first-time buyer assistance programs.
4. How long does it take to close?
On average, 30–45 days from contract to close, depending on financing and inspections.
5. Should I buy new construction or resale?
• New construction: Modern layouts, warranties, but may be further out.
• Resale homes: Established neighborhoods, mature landscaping, sometimes more charm.
6. What neighborhoods are best for families?
Top picks include Legend Oaks, Cane Bay, and Nexton, known for schools, community amenities, and proximity to shopping.
7. Do I need flood insurance in Summerville?
Not always, but some pockets fall in flood zones. Always ask your realtor and lender to verify.
8. How much are property taxes?
Dorchester County property taxes are generally lower than the national average, making Summerville attractive for families and retirees.
9. What’s the average home price in 2025?
Median prices hover around $350,000–$400,000, though Nexton and other newer communities trend higher.
10. Should I use a realtor as a first-time buyer?
Absolutely. Realtors help with negotiations, contracts, and finding homes that aren’t always visible online.
⸻
✅ Key Takeaway: First-time homebuyers in Summerville face a lot of questions, but the process is much smoother with the right information — and the right team guiding you through.