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

March 14, 2023

What you should know about student loans before you buy a home or refinance.

Student loans can affect the loan process in multiple ways. They could limit you on how much you can buy or they could prevent you from buying a home all together. We will look at how student loans affect FHA, VA, USDA & conventional loans. Student loans are looked at differently depending on what type of loan you are […]

203- K mortgage 0 1 min read

March 14, 2023

How do collections and charge-offs affect you getting approved for a FHA mortgage.

It used to be that collections and charge-offs did not affect you getting an FHA mortgage, but with the new regulations, they can stop your approval in its tracks. Medical collections & charge-offs are still exempt to the new rules, they will not affect you except for your credit score going down. Now with the new rules any customer who […]

Bad Credit 0 1 min read

March 14, 2023

1 day out of a foreclosure and you could buy a home!

Yes it is true you can buy a home 1 day after your foreclosure. Your home has to have been already foreclosed, it cannot be in the process of being foreclosed. If you have a 550 credit score and 40% down you can buy a new home. You can get either a Fixed Rate or ARM and or Interest Only. […]

All states 0 30 sec 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

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

VA Home Loans Available with Credit Scores as Low as 500 and Debt-to-Income Ratios up to 65%

If you’re a veteran, active-duty service member, or the spouse of a deceased veteran, you may qualify for a VA home loan—even if other lenders have told you no. Here’s why VA loans are such a powerful benefit:✅ No down payment required✅ No monthly mortgage insurance✅ Flexible approval – credit scores starting at 500 may qualify✅ Higher debt-to-income ratios allowed […]

All states 0 39 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

September 18, 2018

FHA Loans Available with Credit Scores as Low as 500

Most lenders require a 620 credit score for FHA financing because they rely only on automated approval systems such as DU (Desktop Underwriter) or LP (Loan Prospector). At Barclay Butler Financial Inc., we can help borrowers with lower credit scores: 500–579 credit score → Eligible with 10% down 580+ credit score → Eligible with 3.5% down ✅ We offer Automated […]

2-4 unit building 0 33 sec read

November 1, 2015

New FHA changes, could affect you.

FHA has completely re written their new handbook called the 4000.1. The new FHA guidelines will affect everyone, which will make it harder to get an FHA loan in most situations. Here are some of the more important changes: Student Loans. Old Rule- FHA would allow the student loan payment to be excluded if the loan payments were deferred for […]

Bad Credit 0 3 min read

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

What you should know about student loans before you buy a home or refinance.

How do collections and charge-offs affect you getting approved for a FHA mortgage.

1 day out of a foreclosure and you could buy a home!

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

Alternative Income mortgages are BACK.

VA Home Loans Available with Credit Scores as Low as 500 and Debt-to-Income Ratios up to 65%

Conventional loan or FHA loan which is better for me?

FHA Loans Available with Credit Scores as Low as 500

New FHA changes, could affect you.

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