Barclay Butler Financial Inc.

April 4, 2025

Asset Based Lending (Hard money loans) No credit score used

Do you own a property but your credit score is low. Have no way of accessing the equity in the property. We can help you. Asset Based lenders can lend on almost any property type. Property types include, SFH, 1-4 units, manufactured home, PUD, townhome, condo, dome home, co-op, log home, multi units, apartment buildings, commercial, industrial, ranch, farm, agricultural, […]

2-4 unit building 0 52 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

July 26, 2024

5% down on a 2- 4 unit property

You can now put down 5% when buying a 3-4 unit with a conventional loan not FHA. The guideline recently changed from 20% down to 5% down. If you already have an FHA loan or the property cannot qualify for an FHA loan or if the seller is not willing to accept an FHA loan this is another option with […]

2-4 unit building 0 23 sec read

March 6, 2024

Did you know you can buy a home while you are in a Chapter 13 bankruptcy.

If you declared chapter 13 bankruptcy you only need to wait 1 year from the date of filing to buy a home. You need to have made 12 payments to the trustee. It is very important to rebuild your credit with 3 secured credit cards right after your bankruptcy has been filed. You will need 3 tradelines of credit to […]

203- K mortgage 0 49 sec 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

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

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

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

VA home loans down to a 500 credit score and up to 65% debt to income ratios.

A VA home loan is either for a veteran, a soldier currently enlisted or a spouse of a deceased veteran. These loans allow for no down payment & no monthly mortgage insurance. These are fantastic loans if you are a veteran. A lot of veterans qualify for a VA loan and do not realize it. Most mortgage companies state you […]

All states 0 52 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

Asset Based Lending (Hard money loans) No credit score used

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

5% down on a 2- 4 unit property

Did you know you can buy a home while you are in a Chapter 13 bankruptcy.

FHA mortgage should I use Fannie Mae or Freddie Mac.

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

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

Mortgage company overlays helping or hurting home sales.

VA home loans down to a 500 credit score and up to 65% debt to income ratios.

Conventional loan or FHA loan which is better for me?

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