Whatever your homebuying needs are, we are here to help guide you through the process.
In general, Fannie Mae and Freddie Mac’s single family, first mortgage loan limit is $417,000. This limit is reviewed annually and, if needed, modified to reflect changes in the national average price for single family homes.
Loans that are larger than the limits set by Fannie Mae and Freddie Mac are called jumbo loans. Because jumbo loans are not funded by these government sponsored entities they usually carry a higher interest rate and some additional underwriting requirements.
Contact your local SCBT banker for more information on our many loan1 programs.