Barclay Butler Financial Inc.

March 14, 2023

Why using a credit repair company before getting a mortgage is a bad idea.

Credit repair is helpful if there is a lot of incorrect information on your credit report. If you have hired a company to dispute all of your bad credit, it most likely will delay or stop you from getting a mortgage. Most credit repair companies will dispute everything on your credit report that is derogatory. When a trade line on […]

Automated underwriting 0 1 min read

March 14, 2023

3.5% down payment with a 580 credit score.

FHA allows you to buy a home with only 3.5% and a 580 credit score. Most lenders require 620-640 credit score, but there are lenders that will go down to a 580 credit score. When you have a 580 credit score your debt to income ratios are limited, compared to a 620 credit score. Your maximum debt to income ratio […]

Automated underwriting 0 43 sec read

March 14, 2023

Mortgage company overlays helping or hurting home sales.

Most of the mortgage companies have overlays on their products. An overlay is an additional requirement added on top of a FHA, VA, 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 […]

Automated underwriting 0 1 min read

March 14, 2023

VA home loans down to a 500 credit score.

A VA home loan is either for a veteran or a soldier currently enlisted. 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 must have at least a 620-660 credit score […]

Automated underwriting 0 45 sec read

December 30, 2018

Rehab loans for Owner Occupied, Second Homes or Investment Properties.

Whether you are buying a home to live in, or rent out we have loans that will allow you to buy the home and rehab the home at the same time with no more money down. If you are buying a home to live in we offer rehab loans with as little as 3% down payment. This will allow you […]

203- K mortgage 0 1 min read

September 18, 2018

FHA Loans down to a 500 credit score with 10% down.

Almost all lenders require a 620 credit score to get an FHA mortgage. Most lenders use an automated system to get the customers loan approval (Total Score Card) which runs through DU (Desktop Underwriter) or LP (Loan Prospector). We can get you a mortgage with a 500 credit score if you have 10% to put down. If you have a […]

3 percent down payment 0 40 sec read

October 29, 2014

Why using a credit repair company before getting a mortgage is a bad idea.

3.5% down payment with a 580 credit score.

Mortgage company overlays helping or hurting home sales.

VA home loans down to a 500 credit score.

Rehab loans for Owner Occupied, Second Homes or Investment Properties.

FHA Loans down to a 500 credit score with 10% down.

3.5% down payment with a 580 credit score.

Why using a credit repair company before getting a mortgage is a bad idea.

VA home loans down to a 500 credit score.

Mortgage company overlays helping or hurting home sales.

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