Jumbo mortgage loans in South Carolina give borrowers more purchasing power when looking for a home.
You’re our first priority. We want you to understand how we make money. This post may contain affiliate links. Biglaw Investor may receive a commission at no additional cost to you if you click on the links in this article. This may influence which products we write about and where and how the products appear on a page. However, it does not influence our evaluations. Our opinions are our own. In some circumstances, if you work with us, we are able to provide an incentive to work with our advertising partners that is unavailable if you work with our advertising partners directly. Our partners cannot pay us to guarantee favorable reviews of their products or services. To read more about how we make money, click here.
JD MORTGAGE® connects you with lenders offering low to no down payment mortgages designed specifically for high-income professionals. We find the lenders that allow jumbo loan balances, relaxed debt-to-income ratios and typically do not require private mortgage insurance (PMI).
Offered exclusively through Biglaw Investor, we make it incredibly simple to find the best mortgage for your home financing needs.
I’m an associate at a firm in Houston and used JD Mortgage thanks to your advice! The experience was great—they were super fast and responsive.” —Mary Kate Raffetto Beck Redden LLP
For a JD Mortgage, I had good luck with IBERIABank. [They] made this process very smooth.” —Clint Cowan Lynn Pinker Hurst & Schwegmann
With white sand beaches, mild temperatures, and southern hospitality, South Carolina delivers a lot in terms of quality of life. When you throw in one of the lowest crime rates in the country, it’s no wonder so many are proud to call South Carolina home.
Finding a home in the state is getting more complicated, however, as prices rise. According to the South Carolina Realtors Association, the median sales price of a home in South Carolina is $273,000. Many new builds and modern homes are surging past conforming loan limits, meaning more South Carolinians may need jumbo home loans to finance a home.
For the most recent year, the HDMA data places South Carolina 22nd in the country in terms of mortgage origination activity, with a total of $7.93 billion in jumbo mortgages originated. If you’re looking for a jumbo mortgage in South Carolina, you won’t be alone. Whether you want to buy real estate in Charleston, Richland, or any other city throughout SC, jumbo loan rates and loan terms might be your answer.
The jumbo loan limit in South Carolina for all counties is $726,200. Any loan that exceeds $726,200 is a jumbo loan in the state of South Carolina. Any loan that is less than $726,200 is a conforming loan in the state of South Carolina.
| South Carolina County | South Carolina Jumbo loan (1-unit) | South Carolina Conforming loan limit (1-unit) | South Carolina FHA loan limit (1-unit) |
|---|---|---|---|
| Abbeville | $726,200+ | $726,200 | $420,680 |
| Aiken | $726,200+ | $726,200 | $420,680 |
| Allendale | $726,200+ | $726,200 | $420,680 |
| Anderson | $726,200+ | $726,200 | $420,680 |
| Bamberg | $726,200+ | $726,200 | $420,680 |
| Barnwell | $726,200+ | $726,200 | $420,680 |
| Beaufort | $726,200+ | $726,200 | $391,000 |
| Berkeley | $726,200+ | $726,200 | $391,000 |
| Calhoun | $726,200+ | $726,200 | $420,680 |
| Charleston | $726,200+ | $726,200 | $391,000 |
| Cherokee | $726,200+ | $726,200 | $420,680 |
| Chester | $726,200+ | $726,200 | $420,680 |
| Chesterfield | $726,200+ | $726,200 | $420,680 |
| Clarendon | $726,200+ | $726,200 | $420,680 |
| Colleton | $726,200+ | $726,200 | $420,680 |
| Darlington | $726,200+ | $726,200 | $420,680 |
| Dillon | $726,200+ | $726,200 | $420,680 |
| Dorchester | $726,200+ | $726,200 | $391,000 |
| Edgefield | $726,200+ | $726,200 | $420,680 |
| Fairfield | $726,200+ | $726,200 | $420,680 |
| Florence | $726,200+ | $726,200 | $420,680 |
| Georgetown | $726,200+ | $726,200 | $420,680 |
| Greenville | $726,200+ | $726,200 | $420,680 |
| Greenwood | $726,200+ | $726,200 | $420,680 |
| Hampton | $726,200+ | $726,200 | $420,680 |
| Horry | $726,200+ | $726,200 | $420,680 |
| Jasper | $726,200+ | $726,200 | $350,750 |
| Kershaw | $726,200+ | $726,200 | $420,680 |
| Lancaster | $726,200+ | $726,200 | $420,680 |
| Laurens | $726,200+ | $726,200 | $420,680 |
| Lee | $726,200+ | $726,200 | $420,680 |
| Lexington | $726,200+ | $726,200 | $420,680 |
| Mccormick | $726,200+ | $726,200 | $420,680 |
| Marion | $726,200+ | $726,200 | $420,680 |
| Marlboro | $726,200+ | $726,200 | $420,680 |
| Newberry | $726,200+ | $726,200 | $420,680 |
| Oconee | $726,200+ | $726,200 | $420,680 |
| Orangeburg | $726,200+ | $726,200 | $420,680 |
| Pickens | $726,200+ | $726,200 | $420,680 |
| Richland | $726,200+ | $726,200 | $420,680 |
| Saluda | $726,200+ | $726,200 | $420,680 |
| Spartanburg | $726,200+ | $726,200 | $420,680 |
| Sumter | $726,200+ | $726,200 | $420,680 |
| Union | $726,200+ | $726,200 | $420,680 |
| Williamsburg | $726,200+ | $726,200 | $420,680 |
| York | $726,200+ | $726,200 | $420,680 |
If you’re ready to learn more about the best jumbo mortgage lenders in South Carolina, here are the top options we’ve found through our research.
Flagstar Bank has a jumbo product in all 50 states, making it a popular choice among many people looking for higher mortgage amounts. If you’re considering a jumbo mortgage, you’ll want to compare Flagstar’s rates as part of your analysis.
We reached out to a loan officer at Flagstar Bank to get details on their jumbo mortgage. Here are the highlights:
When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.
TD Bank is a huge bank with deposits over $600 billion, putting it as the sixth largest bank in the United States. You don’t grow that large without having a competitive jumbo loan product.
We spoke to a loan officer at TD Bank to learn more about their jumbo loan program and thought they had some unique features. Here are the basics:
When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.
Fifth Third Bank is headquartered in Cincinnati, Ohio and is one of the largest consumer banks in the country. The bank’s unique name came from a 1909 merger between Third National Bank and Fifth National Bank. The bank offers a full suite of financial products, including jumbo mortgages.
We contacted Fifth Third Bank to learn about their jumbo loan mortgage specifically. Here are the important details:
When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.
Keybank has over $170 billion in assets and is the 24th largest bank in the Untied States. They operate throughout 39 states but can originate mortgages in nearly all 50, making them a popular choice among medical doctors throughout the country. One of their key financial products is a jumbo mortgage loan.
We contacted Keybank to learn more about their jumbo loan mortgage and here are the key terms and highlights:
When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.
Huntington Bank is the 26th largest bank in the United States. Operating primarily out of the Midwest, their mortgage group can service a large part of the country. Huntington has a competitive physician loan product with no money down financing options.
We contacted a loan officer at Huntington Bank to gather information about the doctor mortgage and here’s what we heard back:
When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.
SoFi is a financial institution based in California that specializes in student loan refinance options, PLUS loans and flexible repayment terms. You might not know that they also offer jumbo loan mortgages.
We spoke to a loan officer at SoFi to discuss their jumbo loan mortgage and this is what we learned:
When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.
It’s true that there are different types of loans out there, and not all of them will cover a purchase of a big property on a conventional loan. You’ll need to research your monthly payment, the requierd debt-to-income ratio, closing costs, loan rates, premiums, and other details before committing to a jumbo loan on your dream home. Each lender has their own underwriting requirements, too, so you might want to compare loan options from a few lenders.
South Carolinians looking to buy new and modern homes in competitive markets or larger properties with plenty of acreage may be held back by the limits that come with conforming loans. If you spot something you have to have on the NMLS, don’t give up hope if the price tag exceeds confirming loan limits. As an alternative, jumbo loans offer a range of advantages, including:
The cons are worth looking at, as well. Borrowers may well have to pay more for these loans through a higher interest rate. Any borrower who wishes to qualify for a jumbo loan must have a high credit score, as well. Finally, not every property will qualify for financing under a jumbo loan.
How can you determine if a South Carolina jumbo loan is right for you? If you are looking for a new or modern home, its price tag may exceed conforming limits. Your only alternatives are to either put down a big down payment or take out several mortgages at once.
Do you want to pay more for your financing or is that something with which you are comfortable? Since a jumbo loan makes it easier to buy a large property or pricier house with just one loan, you may well find that a higher interest rate is worth it at the end of the day.
If you want to find the best jumbo loans in other states, click on your state below.
Joshua Holt is a licensed mortgage loan originator (NMLS #2306824) and founder of Biglaw Investor. His mortgage expertise lies in the areas of professional mortgage loans, particularly for lawyers, doctors and other high-income professionals. Prior to Biglaw Investor, Josh practiced private equity mergers & acquisition law for one of the largest law firms in the country.
One email each week covers personal finance, financial independence, investing and other stuff for lawyers that makes you better.
Biglaw Investor is helping thousands of lawyers manage and eliminate student loans and make great investment decisions. We’re on a mission to help every lawyer achieve financial independence.