How to get a Jumbo loan in South Carolina
Jumbo loans have loan amounts that are above the Conforming loan limit that is set by Fannie Mae and Freddie Mac for a single-family home in most areas. One of the exceptions is designated areas that are considered High-cost markets. 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 interest rate
Reach out to us an we will calculate the interest rate based on your unique property.
Give us a Call – (803) 261-9267
Or Email – David.Cain@luminate.bank
Trusted. Experienced. Secure.
Jumbo loan limits
Depending on your location in South Carolina the Jumbo loan limits will vary. As a rule of thumb, in 2026 the Jumbo loan conforming loan limit is currently $832,750.
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
