30-Year Fixed Jumbo Mortgage Refinance Interest Rates in South Carolina

Compare mortgage rates in South Carolina

Showing results for: 30-Year Fixed refinance offers for Single Family or Townhome properties in SC, total loan amount of $800,000.

Advertiser Disclosure

Filters

Lender	APR / Rate	Monthly Payment

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Rates and fees are estimates and subject to change without notice. Payments do not include taxes and insurance premiums. Actual payments may be higher. Not all lenders participate in this marketplace. Loan availability and terms may vary by state and lender. Lender offers, including badges like “Lowest APR” or “Lowest Payment,” are based only on results displayed here and may not reflect the absolute lowest offer available in the market. Rate and product details

South Carolina housing market snapshot

Hey South Carolina homeowners! The Palmetto State is cooling off slightly. After a huge boom, things are settling down, which is healthier for the long term.

Why This Matters for Your Refinance (The LTV Factor)

• Loan-to-Value (LTV) is the ratio of your loan to your home's worth.
• The Watch-Out: With values dipping slightly (-0.7%), your LTV might have ticked up.
• The Strategy: If you bought recently with a small down payment (e.g., 3%), be careful. You want to ensure you don't owe more than 80% of the home's value if you want the best refinance rates. If you are close to that line, pay down a little extra principal before applying.

Property taxes in South Carolina

South Carolina has incredibly low property taxes, especially for primary residences (thanks to the 4% assessment ratio).

South Carolina refinance programs & homeowner perks

What is a 30-year fixed jumbo mortgage in South Carolina?

A 30-year fixed jumbo mortgage in South Carolina is a home loan that exceeds the conforming loan limits set by the FHFA, typically around $726,200. This mortgage has a fixed interest rate and consistent monthly payments over 30 years, suitable for high-value properties in South Carolina.

How do jumbo mortgage rates in South Carolina compare to conventional mortgage rates?

In South Carolina, jumbo mortgage rates are generally higher than conventional rates due to the increased risk for lenders. Rates can vary based on your financial profile and market conditions in South Carolina.

What are the requirements for a 30-year jumbo mortgage in South Carolina?

Lenders in South Carolina usually require a higher credit score (typically 700+), a larger down payment (often 20% or more), and a lower debt-to-income ratio compared to conventional loans.

Can I refinance a 30-year jumbo mortgage in South Carolina?

Yes, refinancing a jumbo mortgage in South Carolina is possible and can help secure a lower rate or change the loan terms. The process may be more stringent due to the higher loan amount.

What are the benefits of a 30-year fixed jumbo mortgage in South Carolina?

Benefits include financing higher-value properties, fixed interest rates for stability, and consistent monthly payments over 30 years for homes in South Carolina.

Are there closing costs for jumbo mortgages in South Carolina?

Yes, closing costs in South Carolina can be higher than for conventional loans due to the larger loan amounts and additional scrutiny during approval. They typically range from 2% to 5% of the loan amount.

How can I get the best 30-year jumbo mortgage rate in South Carolina?

To get the best rate in South Carolina, maintain a high credit score, save for a substantial down payment, and compare offers from multiple lenders. Economic conditions and lender policies in South Carolina also play a role.

What is the difference between a conforming and a jumbo loan in South Carolina?

A conforming loan in South Carolina adheres to the FHFA limits and can be purchased by Fannie Mae or Freddie Mac. A jumbo loan exceeds these limits and is not eligible for purchase by these entities, resulting in different qualifying criteria and potentially higher rates.