IMPORTANT ANNOUNCEMENT!!

As of August 19, 2010, we have stopped doing business as Butler Mortgage and have joined our people with AmeriPro Funding.  We have taken this step to assure our customers that we are offering the widest spectrum of products as we possibly can.

What loans are available?

FHA, VA, USDA and conforming conventional.  We have very, very few niche loans to offer.  Niche loans are for those who must state (not able or wanting to prove income) income or are buying "unusual" properties. Niche loans call for large downpayments and high interest rates.

Which if these should I look to first?

FHA and VA.  Typically, FHA offers loans with small down payment and VA offers loans with no down payment.  The down payment for a FHA loan can come from gifts from relatives.  If you (or if you are represented by a Realtor) can negotiate it, the Seller virtually can pay all of the closing costs for these loans.  Rates for these loans are very attractive.  These loans work great for first time home buyers and for those who are mainstream salaried workers.  If you have great financial strength and money to invest, then conforming conventional may be the best option for you.  If you are in a rural community, the USDA loan is a teriffic tool to use to purchase your home.

What about my credit?

The days of being able to "fog a mirror" and get a loan are gone.  You must be credit worthy.  In the end, you must look at your own credit and say to yourself "would I loan my money to a person who's credit looks like mine?"  To get either an FHA or a VA loan, your credit does not have to be perfect, but it has to make sense.  Also, you must prove income.

What else?

You had better have a really good loan officer.  Underwriting has gotten much tighter.  Don't leave your dreams of home buying in the hands of some bank employee who punches in a few numbers, or in the hands of some rookie who is related to your first cousin twice removed.  We have been doing home loans for a long time.  Every loan is like a story, let us help you tell your story in the best way possible.  And so, as that attorney on TV says,  "call us."  One of the wonderful things about making home loans is that we get to make a living in dealing with human happiness.

This is not a commitment to make a loan.  All loans are subject to underwriting guidelines.  Programs and rates are subject to changewithout notice based on market conditions and borrower eligibility.  All will not Qualify.