Top Mortgage Options for First-Time Homebuyers in Summerville (2025 Update)

Buying your first home can feel overwhelming — especially in a market as competitive as the Charleston area. But with the right mortgage program, you can unlock better rates, lower down payments, and smoother approvals.

Here are the top mortgage options Summerville buyers are using in 2025.

1. FHA Loans

Backed by the Federal Housing Administration, FHA loans are a popular choice for first-time buyers. With just 3.5% down and flexible credit requirements, they’re a great entry point for those building financial stability.

2. USDA Loans

For buyers purchasing in suburban or rural areas around Summerville, USDA loans can mean 0% down and low fixed rates. Many Summerville ZIP codes still qualify — making this one of the area’s best-kept secrets.

3. VA Loans

Active-duty military, veterans, and eligible spouses can take advantage of no down payment, no PMI, and competitive interest rates. With Summerville’s large military population, this loan is often the best fit for relocation buyers.

4. Conventional Loans

For those with solid credit and down payments of 5–20%, conventional loans offer flexibility and strong long-term equity benefits.

5. South Carolina Housing Programs

SC Housing offers grants and down payment assistance for first-time buyers. Many Summerville homeowners don’t realize they can receive up to $8,000 in support through these programs.

Tips from Local Lenders

• Get pre-approved early — Summerville homes move fast.

• Don’t just shop rates; compare lender experience and responsiveness.

• Work with a Realtor and lender who communicate directly — it shortens your closing timeline.