Start with the amount you need
A higher home price does not always mean a jumbo loan. Subtract your down payment, then compare the loan amount with the limit.
Larger home loans in South Carolina
South Carolina Jumbo Loans
South Carolina jumbo loans are home loans above the conforming loan limit. That is the size cap for loans that follow Fannie Mae or Freddie Mac rules. For a one-unit home in 2026, the cap is $832,750. We can help you compare cash needed, loan costs and the full payment. Approval and terms depend on the lender and your loan.
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The people behind your next step
Meet the Beaufort Lending team
Beaufort Lending is a mortgage broker in Port Royal, helping buyers across South Carolina. We shop loans from wholesale lenders, then help you compare payments and closing costs. Our team explains your choices in plain words and helps you see what fits your budget. From your first questions to closing, you have people to turn to for help.
What clients say about our team
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They were clear, knowledgeable, and prompt in answering our questions at all hours.
Plan for the full cost
What will a jumbo loan cost?
Compare the payment, cash due at closing and cash you will have left. A smaller loan is only one part of the choice.
Cash due at closing
Your down payment is only part of the cash you need. Closing fees, taxes and insurance add to it. Ask which savings and gift funds you can use.
Your full monthly payment
Include what you pay toward the loan, plus interest, taxes and insurance. Add any homeowners association (HOA) fees. Ask whether the rate or payment can change.
Cash after closing
Keep cash for repairs, other homes, your business and surprises. Also plan for insurance deductibles—the part of a claim you pay. Ask how much cash the lender wants left after closing. That cash is called reserves.
A simple loan-size example
Same home. Two down payments.
On a $1,000,000 purchase, a larger down payment may bring the loan below the conforming limit. It also uses more of your cash.
$100,000 down$900,000 loan
Above the 2026 one-unit limit.
$200,000 down$800,000 loan
Below the limit, with $100,000 more used for the down payment.
Loan-size math only—not a quote, offer or approval. These down payments are examples, not available terms. Closing costs are extra. A conforming loan must also meet income, credit and property rules. Limit source: FHFA’s 2026 announcement.
Compare written offers on the same terms
Compare the same home, loan amount, down payment and time to repay. Match the rate-lock period, too. A rate lock holds a quoted rate for a set time under its terms. Compare the full payment, points, lender credits, fees and cash due. Points are fees paid for a lower rate. A lender credit helps cover costs but may come with a higher rate. Ask about any early-payoff fee. Use CFPB’s Loan Estimate guide.
Check the home early
What could affect the property review?
Insurance, condo costs and the home’s value can change your plans. Get answers before you rely on a payment estimate.
Coastal insurance
Get home, wind and any flood insurance quotes for the address. Ask what each policy covers and what you would pay for a claim. Read South Carolina DOI’s coverage guide.
Wind coverage
If wind coverage is hard to find, ask an insurance agent about private plans and the state wind pool. This is another place to seek wind coverage. The address and home must meet its rules. Check the association’s rules.
Condos and resort homes
Ask about shared insurance, repairs, special fees, the budget, lawsuits and rental use. Fannie Mae lists condo issues to check; a jumbo lender has its own rules.
Unusual or waterfront homes
Ask early about the appraisal—the lender’s check of the home’s value. Few nearby sales, large lots, docks, rights to reach the home or needed repairs may need a closer look.
Choose what fits your situation
Compare your financing options
How much you borrow and how you show income are separate questions. Some loans above the limit may use bank statements or rent to help you qualify. Ask which choices fit your plans.
Conventional loans within the limit
Compare this when your loan fits the size limit. If you put more down, check how much cash you would have left. Explore conventional loans.
Jumbo financing
Compare loans above the conforming limit. Review the lender’s rules, cash needs, payment and total cost. See the jumbo checklist.
Bank-statement loans
Work for yourself? Ask if bank statements can help show your income and how much you may be able to borrow. Review bank-statement loans.
DSCR loans for rentals
DSCR loans compare the rent the lender accepts with the home’s loan payment and housing costs. Ask how the loan amount and rental plan affect your choices. Explore South Carolina DSCR loans.
Jumbo rules and pricing vary by lender. Read CFPB’s guide to loans outside the standard rules; use FHFA’s current table above for loan limits.
Buying a second home? Read our Hilton Head second-home financing guide or Columbia second-home financing guide. You can also see all South Carolina loan options.
A few more answers
South Carolina Jumbo Loan FAQs
Do jumbo loans always require 20% down?
There is no one down-payment percentage for all jumbo loans. The lender, loan amount, home use, credit and other details affect what is available. Ask about closing costs and cash you must keep after closing, too.
Can I get a jumbo loan if I’m self-employed?
Ask which income records the lender needs. Tax returns or a bank-statement program may call for different paperwork. Your business income, debts and full loan still need review.
Can I buy a second home or rental?
Some jumbo programs allow second homes or rentals. Tell the lender how you plan to use the home. Income, cash, rate and property rules can differ from a main-home loan.
Are jumbo rates always higher?
Not always. Rates depend on the market, lender and loan details. Compare Loan Estimates—forms that show your loan costs—from the same date. Use the same loan plan. Check the fees and how long the quoted rate is locked.
What is the maximum jumbo loan amount?
There is no single maximum for every lender. The conforming limit is not a maximum jumbo loan amount. Ask how much you may be able to borrow based on your income, savings, home and the lender’s rules.
Learn before you buy
Make your next move with confidence
Explore jumbo loan choices, second-home plans and condo costs in South Carolina.
Jumbo loan choices
Compare jumbo options on Hilton Head
See how loan size, home use and costs shape your choices.
Read the guide
Second homes
Plan a Lake Murray second home
Learn when a second-home loan may fit and when to compare jumbo loans.
Read the guide
Condo checks
Check a Myrtle Beach condo
Know what to ask about the building, shared costs and loan review.
Read the guideWant help comparing the costs?
Let’s compare your jumbo loan options
Tell us the home price, what you can put down, how you earn income and how you will use the home. We can help you compare loans, plan for costs and see what comes next. Submit your scenario, or call or text us with a question.
Benji Gecy, NMLS #302188 · Beaufort Lending, NMLS #1703543 · Equal Housing Lender