Barclay Butler Financial Inc.

November 17, 2024

How to Build a Home Without 20% Down: The Truth About Low‑Down‑Payment Construction Loans

For years, homebuyers have been told the same thing: “You need 20% down to build a home.” That belief stops countless families from pursuing new construction — even though it’s no longer true. Today’s lending landscape offers several low‑down‑payment construction loan options that follow the same guidelines as Conventional, FHA, USDA, and VA mortgages. That means you can build a […]

Blog 0 2 min read

October 16, 2024

Investment Property Mortgages – Even with Bad or No Credit

Credit issues don’t have to stop you from building your real estate portfolio or tapping into the equity of your investment properties. Past bankruptcies, foreclosures, or late payments? No problem — we have solutions. Whether it’s a single-family home, condo, or commercial property, we offer tailored mortgage options designed to fit your goals: ✅ 25% down or 75% equity required […]

2-4 unit building 0 27 sec read

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

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

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

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

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

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

How to Build a Home Without 20% Down: The Truth About Low‑Down‑Payment Construction Loans

Investment Property Mortgages – Even with Bad or No Credit

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?

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

FHA mortgage should I use Fannie Mae or Freddie Mac.

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

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

Zero down payment with a 600 credit score.

Support Deputy Maness/Family

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