Our most popular loan for borrowers who qualify. Conventional loans offer more flexibility and options, but typically require a higher credit score and down payment.
For high-value properties, Jumbo loans typically require stricter credit and income qualifications.
A government-backed mortgage designed for borrowers with lower credit scores or smaller down payments.
A government-backed mortgage for low-to-moderate-income borrowers in eligible rural and suburban areas, offering no down payment and competitive interest rates.
NMLS #1179359
Lorrie was born and raised on the Western Slope of Colorado. She has been in the mortgage business for over 30+ years. She began her career in 1991 with Unifirst Mortgage in the post-closing department. She quickly moved from post-closing/funding, to closer, then as a processor, and Loan Officer. In 2001 she left the mortgage business for a job with a local title company as the Closing/Escrow Manager during one of the biggest refinance booms. In 2005 she rejoined the mortgage industry working at Fidelity Mortgage as the underwriting manager. In 2014 Lorrie wanted to get back on the front-line helping homebuyers so she joined her friend and mentor, James Pulsipher, as his production partner. For over 10 years their partnership flourished, and their team was awarded the top awards for production and service in the company. Their team was also ranked among the top in the State of Colorado and nationally. Working together with someone who was so successful in the industry taught her more than she could have imagined. Lorrie worked at Fidelity Mortgage for 18 ½ years before venturing out to start her own mortgage branch. She is now a Producing Branch Manager for the progressive and innovative, Gold Star Mortgage. Her and her team’s goal is to help every potential borrower find the right loan program for their needs. Her experience has given her a broad knowledge of the loan options out there to help direct a smooth transaction for all parties involved. This team is focused on customer service and all members have a can-do attitude.
| Loan Type | Min. Down Payment | Credit Score Requirement | Loan Limit | Primary Use | Mortgage Insurance Required | Unique Features |
|---|---|---|---|---|---|---|
| Conventional | 3%-20% | 600+ | Conforming limits | Primary, secondary, investment | If less than 20% down | Flexible terms, various loan types |
| Jumbo | 10%-20% | 660+ | Exceeds conforming limits | High-value properties | No | Stricter qualifications for high-value homes |
| FHA | 3.50% | 540+ or 580+ manual |
FHA limits by county | Primary residences | Yes | Low down payment, flexible credit |
| VA | 0% | 540+ or 580+ manual |
VA limits by entitlement | Veterans, service members | No | No down payment, no PMI |
| USDA | 0% | 640+ | USDA limits by area | Rural properties | No | No down payment, rural eligibility |
| HELOC | Varies | Good to Excellent | Varies by equity | Equity access | No | Revolving credit line based on home equity |
| DPA | Varies | Varies | Varies | Down payment assistance | No | Assists with down payments |
| DSCR | Varies | Varies | Varies by property income | Investment properties | No | Focus on rental income for qualification |
| Bank Statement | Varies | 600+ | Varies | Self-employed borrowers | No | Income verified through bank statements |
| Construction | Typically 20% | Good to Excellent | Varies by project | Home construction | No | Covers cost of building new homes |
Producing Branch Manager
(970) 216-1305
lorrie@goldstarfinancial.com
125 Grand Avenue
Suite A
Grand Junction CO, 81505
We know a thing or two about the mortgage business. Above all else, we know that better listeners create better mortgages. At Gold Star Mortgage we listen to you, your dreams, worries, desires, finances, goals – all of it. This is how we develop a mortgage tailored to your needs and your dreams, one that outperforms all others.