Backyardloan offers a variety of loan programs to meet your needs. We work with industry-leading lenders to provide our customers best offers.

Fixed-Rate Mortgages

Adjustable-Rate Mortgages

VA Loans

USDA Mortgages

Construction Loans

fixed-Rate Mortgages

A mortgage feature that structures the loan so that there will be no increases or decreases in the interest rate during the life of the loan. We offer fixed-rate mortgages with terms of10 to 40 years. The longer terms give the lowest payment. The most popular length is 30 years.

Adjustable-Rate Mortgages

A general term for any mortgage in which the interest rate and, generally, the payments change over the life of the loan. The interest rate is adjusted to match the rise or fall of a pre-selected interest rate index and the borrower’s regular payments will increase or decrease accordingly. Different types of adjustable-rate mortgages (ARM’s) have different frequencies for these adjustments. Some ARM’s have limits on payment and interest rate changes and the maximum interest rate over the life of the loan. To the borrower’s advantage, the initial rate of an ARM is usually low permitting the purchase of real estate that would otherwise be unaffordable, but there is a risk of higher future payments. Contact us to see if they are right for you.

VA Loans

A long-term, no-down-payment or a low-down-payment loan guaranteed by the Department of Veterans Affairs. Individuals usually qualify by proof of military service.VA loans are also more forgiving to borrowers with minor credit issues. Consult with us if you qualify for this option. For more details information please visit: https://www.benefits.va.gov/homeloans/

FHA Loans

The FHA loan will allow borrowers to put as little as 3.50% down. The FHA is also more forgiving of past minor credit issues than a standard conventional loan. Contact us for your best options. For more visit https://fha.gov.

USDA Mortgages

The USDA loan program will provide 100% financing(no money down) homes located in suburban and rural towns. Depending on the home, closing costs can also be financed. Income limits do apply. It is an inexpensive way to get into that starter home. Please visit: https://eligibility.sc.egov.usda.gov/ for eligibility requirements and more information.

Construction Loans

A short-term, interim loan for financing the cost of construction. The lender makes payments to the builder at periodic intervals as the work progresses. Contact us today to discuss the many options available.