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

March 6, 2024

Buy a Home While in Chapter 13 Bankruptcy

Most people don’t realize this—but you can buy a home while you’re still in a Chapter 13 bankruptcy. If you’ve filed Chapter 13, you only need to wait 1 year from the filing date and have 12 on‑time payments to the trustee to qualify. ⭐ Rebuild Your Credit the Right Way To prepare for approval, it’s important to rebuild your […]

203- K mortgage 0 56 sec read

March 14, 2023

Thinking About Credit Repair Before Getting a Mortgage? Read This First.

Credit repair can be helpful—but only when there’s truly incorrect information on your credit report. If you hire a credit repair company to dispute all of your negative items, you may actually delay or completely prevent your ability to get a mortgage. ⚠️ How Credit Repair Companies Hurt Your Mortgage Approval Most credit repair companies dispute every derogatory tradeline, whether […]

203- K mortgage 0 1 min read

March 14, 2023

Mortgage company overlays helping or hurting home sales.

Most mortgage companies have overlays on their products. An overlay is an additional requirement added on top of a FHA, VA, USDA or conventional mortgage guidelines. One example is FHA allows down to a 580 credit score if you want to put down 3.5% down payment. 95% of the lenders state you must have a 640 credit score and about […]

2-4 unit building 0 1 min read

March 14, 2023

FHA vs. Conventional Loans: Which One Is Better for You?

One of the most common questions I get as a mortgage professional is: “Should I go with an FHA loan or a Conventional loan?” The truth is, there’s no one‑size‑fits‑all answer. Both FHA and Conventional loans are great options — the right choice depends entirely on your financial profile and homeownership goals. Think of it like a tug‑of‑war between flexibility […]

203- K mortgage 0 2 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

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

Buy a Home While in Chapter 13 Bankruptcy

Thinking About Credit Repair Before Getting a Mortgage? Read This First.

Mortgage company overlays helping or hurting home sales.

FHA vs. Conventional Loans: Which One Is Better for You?

FHA Loans Available with Credit Scores as Low as 500

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