First-Time Homebuyers in Brunswick County: FAQ

First-Time Homebuyers in Brunswick County

Frequently Asked Questions

Buying your first home is an exciting milestone – but it can also feel overwhelming, especially in a competitive coastal market like Brunswick County, North Carolina. At PROACTIVE Real Estate, we work with first-time buyers every day, guiding them through the process step by step. Below are answers to the most common questions about purchasing your first home in Brunswick County.

How much do I need for a down payment in Brunswick County?

The idea that you need 20% down is a common myth. In reality, many first-time buyers purchase a home with much less:

  • FHA Loans: As little as 3.5% down.

  • Conventional Loans: Some programs allow 3% down.

  • USDA & VA Loans: No down payment required.

The right option depends on your credit, income, and the type of property you want to buy. Our agents can connect you with trusted lenders who specialize in helping first-time buyers along the coast.

What closing costs should I expect?

Closing costs in Brunswick County typically range from 2–5% of the purchase price. These may include:

  • Loan origination fees

  • Attorney’s fees (North Carolina requires attorney closings)

  • Appraisal and inspection fees

  • Title insurance and recording fees

  • Prepaid taxes and homeowner’s insurance

Your lender will provide a detailed breakdown early in the process so you know what to expect.

Should I work with a local lender or a national bank?

While you can choose either, local lenders in Brunswick County often provide key advantages:

  • Better understanding of coastal property requirements (flood zones, insurance, USDA-eligible areas).

  • Faster communication and smoother closings due to proximity.

  • Strong relationships with local appraisers and attorneys.

A national bank may offer competitive rates, but a Brunswick County based lender can often get you to the closing table with fewer surprises.

What are common mistakes first-time buyers make in a coastal market?

Buying in Brunswick County comes with unique factors that first-time buyers should keep in mind:

  • Overlooking flood zones – Insurance costs can vary significantly depending on location.

  • Skipping inspections – Salt air and humidity can cause hidden maintenance issues.

  • Focusing only on oceanfront – Many inland neighborhoods offer more affordability while still being close to the beach.

  • Not getting pre-approved early – Homes in Brunswick County can sell quickly, and pre-approval strengthens your offer.

Having a knowledgeable local agent makes all the difference in avoiding these pitfalls.

Can I buy a vacation home as my first property?

Yes – many first-time buyers in Brunswick County choose to purchase a property that doubles as a vacation home or short-term rental. However, keep in mind:

  • Loan requirements may differ (an investment loan vs. primary residence).

  • Down payments may be higher if rental income is a primary goal.

  • Insurance needs may be more complex for coastal or rental properties.

If your long-term goal includes generating rental income, PROACTIVE Real Estate can help you find homes with strong rental potential and connect you with our PROACTIVE Vacations team for management.

How can PROACTIVE Real Estate help first-time buyers?

Our team specializes in guiding first-time buyers through the process with confidence. We provide:

  • Local expertise on neighborhoods, flood zones, and insurance.

  • Guidance on financing options and introductions to trusted lenders.

  • Negotiation strategies to help you secure the best deal.

  • Step-by-step support from your first showing to the closing table.