Myrtle Beach
Jumbo Loans
Secure luxury homes and upscale properties in Myrtle Beach with a single jumbo loan, offering flexible terms, competitive rates, and financing built around your needs.
Jumbo Loans in Myrtle Beach: Financing Above $766,550 on the Grand Strand
Any loan above the 2024 Horry County conforming limit of $766,550 is a jumbo loan — required for oceanfront estates, North Strand luxury homes, and high-end golf community properties throughout the Grand Strand. Beaufort Lending accesses multiple portfolio and jumbo lenders, offering financing from $766,551 up to $3M+ with as little as 10% down for qualified borrowers.
Myrtle Beach Home Prices & Market Data
The Grand Strand's housing market is not monolithic — it spans a wide range of price points depending on proximity to the ocean, community type, and property segment. Understanding where the jumbo threshold comes into play requires looking at the full price landscape across Horry County.
| Market Segment / Area | Typical Price Range | Loan Type Usually Required |
|---|---|---|
| Myrtle Beach — Inland / West of 17 | $220,000 – $380,000 | Conventional or FHA |
| Myrtle Beach — Oceanfront Condo | $250,000 – $700,000 | Conventional, FHA (if approved), or Condo/Condotel financing |
| North Myrtle Beach — Single-Family | $350,000 – $650,000 | Conventional |
| North Myrtle Beach — Waterfront / ICW | $600,000 – $1,500,000+ | Conventional or Jumbo |
| Grande Dunes / Luxury Golf Communities | $600,000 – $2,500,000 | Jumbo |
| Pawleys Island / Litchfield Beach | $450,000 – $1,800,000 | Conventional or Jumbo |
| Oceanfront Estates (any area) | $800,000 – $4,000,000+ | Jumbo / Portfolio |
How Appreciation Is Pushing More Grand Strand Buyers Into Jumbo Territory
Horry County home values have appreciated approximately 55–65% cumulatively since 2019 — one of the strongest runs of any coastal market in the Southeast. A home that sold for $520,000 in 2019 is now worth roughly $830,000–$845,000 at that rate of appreciation. That same buyer, moving up to a comparably sized home today, needs jumbo financing.
Annual appreciation in Horry County peaked near 18–22% in 2021–2022 during the pandemic relocation boom, moderated to 6–8% in 2023, and has tracked closer to 3–5% annually in 2024 — still meaningfully above the national average. The cumulative effect of that run is a significant expansion in the number of Grand Strand properties that now require jumbo financing at purchase.
This also creates opportunity for existing homeowners: Grand Strand buyers who purchased in 2019–2021 may now have enough equity to cash-out refinance, move up, or purchase investment properties — often still requiring jumbo or near-jumbo loan amounts even after applying their equity as a down payment.
Where Jumbo Financing Is Most Common in Myrtle Beach
While the overall Horry County median stays well below the jumbo threshold, specific pockets of the Grand Strand regularly require jumbo financing — and the number of those transactions has grown as appreciation pushed values higher across the board.
Oceanfront & Waterfront Properties
Oceanfront homes and ICW (Intracoastal Waterway) properties in Myrtle Beach, North Myrtle Beach, and Pawleys Island regularly price above $800K–$2M+. We access lenders experienced with coastal and waterfront appraisals in the Grand Strand market.
Luxury Golf Communities
Horry County's 100+ golf courses include premium communities — Grande Dunes, Barefoot Resort, Heritage Plantation, TPC Myrtle Beach — with estate homes well above the conforming limit. Many of these sell in the $700K–$2.5M range.
Move-Up Buyers Riding Appreciation
Buyers who purchased in 2019–2021 and are now trading up often find themselves in jumbo territory on their next purchase — even with significant equity from their existing home. We structure these transactions to minimize cash out of pocket.
Second Homes & Vacation Properties
Jumbo second-home financing is available for Grand Strand vacation properties — typically requiring 10–20% down. Appreciation in the STR and vacation home segment has been particularly strong, pushing many desirable properties above the conforming limit.
Jumbo Loan Requirements at a Glance
Jumbo guidelines vary by lender and loan amount. The ranges below reflect what most Beaufort Lending jumbo lenders require for Grand Strand borrowers.
| Loan Amount | Typical Down Payment | Min Credit Score | Cash Reserves Required |
|---|---|---|---|
| $766,551 – $1,000,000 | 10–15% | 700 | 6–12 months PITI |
| $1,000,001 – $1,500,000 | 15–20% | 720 | 12 months PITI |
| $1,500,001 – $2,500,000 | 20–25% | 720–740 | 12–18 months PITI |
| $2,500,001 – $3,000,000+ | 25–30% | 740+ | 18–24 months PITI |
Portfolio lender access: Some high-value Myrtle Beach properties — particularly oceanfront or condotel-adjacent — don't fit standard jumbo guidelines. Beaufort Lending works with portfolio lenders who hold loans in-house rather than selling to Fannie/Freddie, with more flexibility on property type, income documentation, and reserve requirements.
Frequently Asked Questions: Jumbo Loans in Myrtle Beach
What qualifies as a jumbo loan in Myrtle Beach?
Any loan exceeding the 2024 Horry County conforming limit of $766,550 is a jumbo loan. In the Myrtle Beach market, jumbo loans are most common for oceanfront properties, luxury homes in Pawleys Island and Grande Dunes, and premier golf community estates. Horry County's ~60% cumulative appreciation since 2019 has expanded the number of properties that require jumbo financing significantly.
What credit score is required for a jumbo loan in Myrtle Beach?
Most jumbo lenders require a minimum 700 credit score, with the best rates and terms at 740+. Jumbo underwriting is more conservative — lenders scrutinize income documentation, asset reserves, and DTI more carefully than on conforming loans. We access multiple jumbo lenders to match you with the most competitive guidelines for your profile.
How much do I need to put down on a jumbo loan in Myrtle Beach?
Down payment requirements range from 10% to 20%+ depending on the loan amount and lender. Loans between $766,551 and $1.5M can often be financed with 10–15% down for strong borrowers. Loans above $2M generally require 20–30% down.
Are jumbo loans available for investment properties in Myrtle Beach?
Yes, though requirements are stricter — expect 20–30% down, 720+ credit, and 12–24 months of cash reserves. For rental properties above the conforming limit, DSCR loans are often a more accessible alternative since they qualify on property cash flow rather than personal income.
Price Your Myrtle Beach Jumbo Loan
We'll match your loan size and profile to the right jumbo lender — including portfolio options for coastal and non-standard properties — and deliver a competitive rate quote before you go under contract.
Call us: (843) 524-2404