How to get a Jumbo loan in South Carolina

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.

- Step 1 of 4

Today's Rate

Property State: *Select oneALAKAZARCACOCTDEFLGAHIIDILINIAKSKYLAMEMDMAMIMNMSMOMTNENVNHNJNMNYNCNDOHOKORPARISCSDTNTXUTVTVAWAWVWIWY

Type of Home *Select OneSingle FamilyMulti-FamilyTownhouseCondominium

Your Credit Profile *Select OneExcellentGoodFair Poor

Any Information you share is secure. It will not be sold or reused

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Step 2 of 4 - Needs Assessment

Are you looking to purchase or refinance? *Select OnePurchaseRefinance

Purchase

Have you already found a property to purchase? *

• Yes
• No

Is this your first time purchasing a home? *

• Yes
• No

What is the intended use of the property? (copy) *Select OnePrimary ResidenceVaction HomeInvestment Property

How long do you plan on keeping the property? *Select OneLess than a year1 - 5 years6 - 10 years11 - 15 years16 - 20 years21 - 25 years21 - 25 years26 - 30 years30 + yearsI don't know right now

Estimate the value of the property you wish to purchase: *Select OneLess than $100,000$100,000 - $120,000$120,000 - $140,000$140,000 - $160,000$160,000 - $180,000$180,000 - $200,000$200,000 - $220,000$220,000 - $240,000$240,000 - $260,000$260,000 - $280,000$280,000 - $300,000$300,000 - $325,000$325,000 - $350,000$350,000 - $375,000$375,000 - $400,000$400,000 - $425,000$425,000 - $450,000$450,000 - $475,000$475,000 - $500,000$500,000 - $525,000$525,000 - $550,000$550,000 - $575,000$575,000 - $600,000$600,000 - $625,000$625,000 - $650,000$650,000 - $675,000$675,000 - $700,000$700,000 - $725,000$725,000 - $750,000$750,000 - $775,000$775,000 - $800,000$800,000 - $825,000$825,000 - $850,000$850,000 - $875,000$875,000 - $900,000$900,000 - $925,000$925,000 - $950,000$950,000 - $975,000$975,000 - $1,000,000$1,000,000 - $1,100,000$1,100,000 - $1,200,000$1,200,000 - $1,300,000$1,300,000 - $1,400,000$1,400,000 - $1,500,000$1,500,000 +

Refinance

Your reason for refinancing is? *Select OneLower my monthly paymentsGet a lower interest rateChange the terms of my loanCash outHome Equity Line of creditReverse mortgageOther

What is your current loan program? *Select OneFixedAdjustableHelp me decide whats best for me

Estimate your current interest rate: *Select OneLess than 2.00%2.25%2.50%2.75%3.00%3.25%3.50%3.75%4.00%4.25%4.50%4.75%5.00%5.25%5.50%5.75%6.00%6.25%6.50%6.75%7.00%7.25%7.50%7.75%8.00%8.25%8.50%8.75%9.00%9.25%9.50%9.75%10.00%10.25%10.50%10.75%11.00%11.25%11.50%11.75%12.00% +

Estimate the current value of the property *Select OneLess than $100,000$100,000 - $120,000$120,000 - $140,000$140,000 - $160,000$160,000 - $180,000$180,000 - $200,000$200,000 - $220,000$220,000 - $240,000$240,000 - $260,000$260,000 - $280,000$280,000 - $300,000$300,000 - $325,000$325,000 - $350,000$350,000 - $375,000$375,000 - $400,000$400,000 - $425,000$425,000 - $450,000$450,000 - $475,000$475,000 - $500,000$500,000 - $525,000$525,000 - $550,000$550,000 - $575,000$575,000 - $600,000$600,000 - $625,000$625,000 - $650,000$650,000 - $675,000$675,000 - $700,000$700,000 - $725,000$725,000 - $750,000$750,000 - $775,000$775,000 - $800,000$800,000 - $825,000$825,000 - $850,000$850,000 - $875,000$875,000 - $900,000$900,000 - $925,000$925,000 - $950,000$950,000 - $975,000$975,000 - $1,000,000$1,000,000 - $1,100,000$1,100,000 - $1,200,000$1,200,000 - $1,300,000$1,300,000 - $1,400,000$1,400,000 - $1,500,000$1,500,000 +

Estimate your current loan balance: *Select OneLess than $100,000$100,000 - $120,000$120,000 - $140,000$140,000 - $160,000$160,000 - $180,000$180,000 - $200,000$200,000 - $220,000$220,000 - $240,000$240,000 - $260,000$260,000 - $280,000$280,000 - $300,000$300,000 - $325,000$325,000 - $350,000$350,000 - $375,000$375,000 - $400,000$400,000 - $425,000$425,000 - $450,000$450,000 - $475,000$475,000 - $500,000$500,000 - $525,000$525,000 - $550,000$550,000 - $575,000$575,000 - $600,000$600,000 - $625,000$625,000 - $650,000$650,000 - $675,000$675,000 - $700,000$700,000 - $725,000$725,000 - $750,000$750,000 - $775,000$775,000 - $800,000$800,000 - $825,000$825,000 - $850,000$850,000 - $875,000$875,000 - $900,000$900,000 - $925,000$925,000 - $950,000$950,000 - $975,000$975,000 - $1,000,000$1,000,000 - $1,100,000$1,100,000 - $1,200,000$1,200,000 - $1,300,000$1,300,000 - $1,400,000$1,400,000 - $1,500,000$1,500,000 +

Any Information you share is secure. It will not be sold or reused

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Select up to three loan programs

What type of loan program are you considering?Select OneGovernment (FHA or VA)JumboNew ConstructionOtherHelp me decide whats best for me

Are you looking for a fixed or adjustable rate? *Select OneFixedAdjustableHelp me decide whats best for me

What term (length) of loan are you considering? *Select One15 year30 yearOtherHelp me decide whats best for me

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Get Your Results

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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