How to get a Jumbo loan in South Carolina
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Jumbo loans have loan amounts that are above the Conforming loan limit that is set by Fannie Mae and Freddie Mac — currently $510,400 for a single-family home in most areas. One of the exceptions is designated areas that are considered High-cost markets where the limit is $765,600. Most high cost areas are in larger cities with dense populations and the demand for housing is higher.
What properties qualify for a Jumbo loan in South Carolina?
Jumbo mortgages are available for primary residences, second homes, vacation homes and investment properties. They are also available in a variety of terms, including fixed-rate and adjustable-rate loans. A Jumbo loan will typically have a higher interest rate, stricter underwriting rules and require a larger down payment than a standard mortgage.
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Jumbo home loan requirements
Here is a list of Jumbo loan requirements.
- Typically requires 680 or better score
- Requires 10% or more for your down payment
- Debt to income ratio of 45% or less
- May require more money in reserves
- Sometimes there are interest only options
Jumbo loan credit score
If your score is not at an acceptable level, The Cain Mortgage Team can help you improve your scores so that you will have the ability to obtain the best rate possible. As a Mortgage Broker, we have experience and the systems in place to improve your scores rapidly. So, don’t let your score prevent you from reaching out to us, we will be with you every step of the way!
Jumbo loan interest rate
The form below will calculate the interest rate based on your unique property.

Jumbo loan limits
Depending on your location in South Carolina the Jumbo loan limits will vary. As a rule of thumb the limit on conforming loans is currently $510,400 in most areas. If you are in the market for a Jumbo loan, please contact the Cain Mortgage Team today at (803) 261-9267 with any questions you may have