Barclay Butler Financial Inc.

September 8, 2024

5% down conventional mortgage, on a 2 – 4 unit building. Min. credit score 620.

You can now buy a multi unit home with 5% down with a conventional mortgage. Min. credit score is 620. FHA used to be the only way to buy a multi unit property with very little money down 3.5%. That has now changed Fannie Mae will allow only 5% down payment on a 2 – 4 unit property. The biggest […]

2-4 unit building 0 1 min read

April 27, 2024

Why Use a Non‑Occupying Co‑Borrower or Co‑Buyer When Buying a Home?

A non‑occupying co‑borrower (sometimes called a non‑occupant borrower or co‑signer) is someone who signs the mortgage with you but does not live in the home. This person is typically a parent, relative, or close friend who is willing to use their income and credit to help you qualify. A non‑occupying co‑borrower (sometimes called a non‑occupant borrower or co‑signer) is someone […]

203- K mortgage 0 2 min read

March 14, 2023

Can you get a home loan after you did a loan modification or mortgage modification.

You can get a mortgage after you have done a loan modification. Loan modifications were quite popular starting in 2009 through 2013. You are not seeing nearly as many since the beginning of 2014. Depending on what you did to your loan when you modified it depends on how long you have to wait if at all, after the loan […]

Barclay Butler Financial Inc. 0 2 min read

March 14, 2023

FHA mortgage should I use Fannie Mae or Freddie Mac.

People do not realize that 95% of all lenders use Fannie Mae to get loans approved. The reason for this is because it is more difficult for a lender to get approved to do Freddie Mac loans. If a customer gets turned down for an FHA loan there is a very good chance the lender was trying to go to […]

Blog 0 2 min read

March 14, 2023

3% down conventional mortgage, min. credit score 620.

You can now put down 3% when buying a home if you have at least a 620 credit score. If you are buying a home the 3% down payment can be all given to you as a gift from a family member, and if you have the seller pay your closing costs you can now buy a home with a […]

3 percent down payment 0 1 min 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

Zero down payment with a 600 credit score.

You can buy a home with zero percent down with a 600 credit score. We will cover your down payment of 3.5%. Many people can afford a home payment but do not have the down payment saved up to buy a home. Instead of renting a property you can buy one with help from a DPA (Down Payment Assistance) program. […]

Automated underwriting 0 48 sec read

March 14, 2023

Support Deputy Maness/Family

This is a post that is not related to the mortgage business but I felt like I needed to spread the word. This happened about 3 miles from my house. My name is Lauren, and as many of you may know I am the step-daughter of Deputy Maness; the male officer was shot and put in critical condition on […]

Blog 0 2 min 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

Buy a Home Just 2 Years After Chapter 7 Bankruptcy

A Chapter 7 bankruptcy doesn’t mean homeownership is out of reach. In fact, you can qualify for a mortgage just 2 years after your bankruptcy discharge. 🔧 Rebuild Your Credit the Right Way Right after filing, it’s crucial to start rebuilding your credit. Opening three secured credit cards and managing them responsibly can help you restore strong credit by the […]

203- K mortgage 0 50 sec read

5% down conventional mortgage, on a 2 – 4 unit building. Min. credit score 620.

Why Use a Non‑Occupying Co‑Borrower or Co‑Buyer When Buying a Home?

Can you get a home loan after you did a loan modification or mortgage modification.

FHA mortgage should I use Fannie Mae or Freddie Mac.

3% down conventional mortgage, min. credit score 620.

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

Zero down payment with a 600 credit score.

Support Deputy Maness/Family

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

Buy a Home Just 2 Years After Chapter 7 Bankruptcy

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