First Time Homebuyer Mortgages
First-Time Homebuyer Mortgages: What You Need to Know
Buying your first home is one of the most exciting milestones in life—but it can also feel overwhelming. At Pathway Mortgage, we specialize in helping first-time buyers across South Carolina navigate the process with confidence, clarity, and a sense of peace.
What Is a First-Time Homebuyer Mortgage?
A first-time homebuyer mortgage is simply a home loan tailored to individuals or families who have never owned a home—or who haven’t owned in the past three years. These mortgage programs often come with special benefits, such as:
Low or no down payment options
Reduced interest rates
Assistance with closing costs
Flexible credit score requirements
These features make it easier for you to take that important first step toward homeownership, even if you’re just beginning to build credit or save for a down payment.
Common Loan Options for First-Time Buyers
At Pathway Mortgage, we help you explore and compare all the loan types that might be a fit for your needs:
FHA Loans – Backed by the Federal Housing Administration, these loans allow for as little as 3.5% down and are ideal for buyers with limited savings or lower credit scores.
Conventional Loans – With down payment options starting at 3%, these loans are great for buyers with stronger credit who want to avoid mortgage insurance over time.
USDA Loans – Perfect for eligible rural areas in South Carolina, USDA loans offer zero down payment and low rates for qualified buyers.
VA Loans – Available to eligible veterans, active-duty service members, and surviving spouses, VA loans offer no down payment and no private mortgage insurance (PMI).
What You’ll Need to Get Started
Here’s a quick checklist of what to expect when applying for your first mortgage:
Proof of income (W-2s, tax returns, pay stubs)
Credit history and score
Bank statements and savings documentation
Identification and personal info
Don’t worry—we’ll walk you through each step and make sure you understand exactly what’s needed and why.
Why First-Time Buyers Trust Pathway Mortgage
Since 1998, we’ve helped thousands of families across South Carolina find the right path to homeownership. We pride ourselves on being a local, independent, and transparent team of mortgage brokers who are just a phone call—or a visit—away. Our clients aren’t just numbers; they’re neighbors.
With access to dozens of lenders and programs, we’ll help you find the loan that’s the best fit for you, not just what’s most popular.
Ready to take the first step?
Contact our team today for a free consultation. We’re here to help you navigate every twist and turn with confidence.
