Barclay Butler Financial Inc.

September 24, 2025

Non-QM Loans Available with Credit Scores as Low as 550

Most lenders require a 620+ credit score for Non-QM financing because they rely on automated approval systems. But Non-QM (Non-Qualified Mortgage) programs were designed for borrowers with alternative income situations — like self-employed individuals or those without W-2s — and can help you qualify even with lower credit. 📜 What Are Non-QM Loans? Non-QM (Non-Qualified Mortgage) loans were created […]

2-4 unit building 0 48 sec read

June 19, 2025

Need Cash? A Cash-Out Refinance Might Be the Solution

A cash-out refinance allows you to access the equity in your property and use the funds for virtually any purpose—pay off debt, make a major purchase, invest in a business, or simply improve your financial flexibility. ✅ General Requirements: Most lenders require a minimum credit score of 640. If you’re self-employed and show limited income on your taxes, options […]

2-4 unit building 0 42 sec read

March 14, 2023

FHA has lowered the monthly mortgage ins. premiums, time to refinance or purchase.

You could save hundreds of dollars by refinancing without lowering your current rate. How can this be? FHA just lowered the monthly mortgage insurance premium from 85% to .55% per year if you are over 95% LTV. This is almost 1/2 of what it used to be. Example: if you have an FHA mortgage with .85% premium and you mortgage […]

203- K mortgage 0 1 min read

March 14, 2023

Why using a credit repair company before getting a mortgage is a bad idea.

Credit repair is helpful if there is a lot of incorrect information on your credit report. If you have hired a company to dispute all of your bad credit, it most likely will delay or stop you from getting a mortgage. Most credit repair companies will dispute everything on your credit report that is derogatory. When a trade line on […]

203- K mortgage 0 1 min read

March 14, 2023

How long after starting a new job can I get a home loan?

It depends on if you had a job gap (time off between jobs) and how long the job gap was. You could have a job gap for many reasons, laid off, fired, maternity or left for a new job. If your job gap was over 6 months than you will have to wait until you have 6 months on your […]

203- K mortgage 0 50 sec read

March 14, 2023

Why you should use a real estate professional, to buy or sell a home.

Real estate professionals know more about the houses and the surrounding area. You will save time and money when you use a real estate professional. Here are the benefits when buying a home: Has the most information in one place about what is on the market, including homes listed by other professionals. You won’t waste time looking at unsuitable homes. […]

203- K mortgage 0 1 min read

March 14, 2023

Alternative Income mortgages are BACK.

It has been many years but alternative income loans are BACK. This loan is for a self-employed person who does not show all of their income on a tax return. If you are buying or refinancing a home and you are self employed this is the perfect mortgage for you. You can get this loan on your primary, second home […]

Bad Credit 0 45 sec read

March 14, 2023

Sub Prime mortgages are making a comeback in Florida.

Subprime mortgages are for people who cannot get an FHA, VA, or Conventional mortgage.Usually their credit scores are less than 550, or they recently had a foreclosure, short sale, deed in lieu of or a bankruptcy. Subprime mortgages do not care what your credit score is. Now a person can get a sub prime mortgage with as little as 10% […]

Bad Credit 0 42 sec read

March 14, 2023

Conventional loan or FHA loan which is better for me?

A lot of people ask me which loan should I get. My answer is it depends on your situation. Both FHA & conventional loans are good loans. Here are the main reasons to use either Conv. or FHA loan. FHA- If you have lower income and want to put down only 3.5%. If your credit score is below 660. […]

203- K mortgage 0 1 min read

March 17, 2019

Consolidate your bills with a Bill consolidation loan.

This allows you to consolidate your bills up to 80% LTV. Only need 20% equity in your house. This mortgage requires a minimum credit score of a 500. This mortgage will allow you to pay off your current mortgage if you have one and all of your other debts. You can payoff auto, motorcycle, boat, RV, student & personal loans. […]

All states 0 33 sec read

Non-QM Loans Available with Credit Scores as Low as 550

Need Cash? A Cash-Out Refinance Might Be the Solution

FHA has lowered the monthly mortgage ins. premiums, time to refinance or purchase.

Why using a credit repair company before getting a mortgage is a bad idea.

How long after starting a new job can I get a home loan?

Why you should use a real estate professional, to buy or sell a home.

Alternative Income mortgages are BACK.

Sub Prime mortgages are making a comeback in Florida.

Conventional loan or FHA loan which is better for me?

Consolidate your bills with a Bill consolidation loan.

Brochure

Mortgage News Daily

Commercial

Trusted