Beverly Starnes - Mortgage Loan Officer- NMLS 546610

Looking for applicants for our Renters to HOME OWNERS PROGRAM!
Requirements: 2 years of employment (doesn't have to be with the same job). Comment below if you would like information. STOP RENTING and START OWNING!

Looking for applicants for our Renters to HOME OWNERS PROGRAM!
Requirements: 2 years of employment (doesn't have to be with the same job). Comment below if you would like information. STOP RENTING and START OWNING!

5.0 star review received on Experience.com for Beverly Starnes by Robert A - Beverly was exceptionally helpful and very communicative. Everything we asked she was able to answer with great detail and then some. I would gladly recommend her to anyone looking for a loan.

New ★★★★★ 5 Star Experience.com Review by Robert A Click to see all 34 reviews of Beverly Starnes, Branch Manager | NMLS # 546610

5.0 star review received on Experience.com for Beverly Starnes by Joshua R - Beverly was always readily accessible whenever I had questions or concerns. I heard that buying a home was a headache but she made the process smooth and made sure I understood every step of the way. Thank you Beverly and Southwest funding for assisting me with purchasing my first home!

New ★★★★★ 5 Star Experience.com Review by Joshua R Click to see all 33 reviews of Beverly Starnes, Branch Manager | NMLS # 546610

5.0 star review received on Experience.com for Beverly Starnes by Undrea G - Beverly is the best! Literally. Heaven sent! I feel so comfortable knowing she is in control of my loans because i know she’s going to do everything she can for us to successfully make it to the closing g table stress free. She is excellent!!!! Very appreciated.

New ★★★★★ 5 Star Experience.com Review by Undrea G Click to see all 32 reviews of Beverly Starnes, Branch Manager | NMLS # 546610

Dear Realtors/Friends,

There is a lot of negative info out there being posted.

Deep breath, take a step back and please realize it is going to be okay with these crazy changes. There are a lot of unknowns. The dust needs to settle. Things will be different but different does not equal better or worse.

There will be growth opportunities for those who can pivot and shift the quickest. There will be causalities. Most impacted will be those who resist change and fight for things to go back to what they were.

We know this because we lived it. This was our 2010 -
2015. We persevered during the enactment of Dodd-Frank.
The first change was in the form of licensing and registration. Then they came for our wallets via LO Comp rules. That was followed by TRID. We had our casualties but we had more who thrived. Most importantly, we found a way.
We push boundaries. We made mistakes.
We learned as we grew.

Finally, we are here for you. We want to work with you on coming up with solutions. We are on the same team. Invite us in. Two heads are better than one and one of these heads has experiences to share and pull from.
We are here with you and for you.

Signed with love,
Every Good Lender in America 💛💛💛

***borrowed from another amazing loan officer🥰

5.0 star review received on Experience.com for Beverly Starnes by Tyrell E - Superior knowledge and customer service

New ★★★★★ 5 Star Experience.com Review by Tyrell E Click to see all 31 reviews of Beverly Starnes, Branch Manager | NMLS # 546610

4.66 star review received on Experience.com for Beverly Starnes by Juan M M - The service and attendance

New ★★★★★ 4.66 Star Experience.com Review by Juan M M Click to see all 30 reviews of Beverly Starnes, Branch Manager | NMLS # 546610

5.0 star review received on Experience.com for Beverly Starnes by Shauntara G - Beverly was helpful and informative about the whole loan process and everything went smoothly.

New ★★★★★ 5 Star Experience.com Review by Shauntara G Click to see all 29 reviews of Beverly Starnes, Branch Manager | NMLS # 546610

4.83 star review received on Experience.com for Beverly Starnes by Victor J M - Even though my interactions with Mrs. Starnes was very brief she was very kind and helpful during this process.

New ★★★★★ 4.83 Star Experience.com Review by Victor J Click to see all 28 reviews of Beverly Starnes, Branch Manager | NMLS # 546610

Need a loan with no down payment? USDA is a wonderful option!
Give us a call and lets discuss your needs! 256-312-9485
NMLS #546610

IF YOU ARE RENTING YOU ARE PAYING SOMEONE ELSE MORTGAGE. TIME TO THINK ABOUT BUILDING YOUR OWN
FUTURE. GIVE US A CALL! AND LETS GET YOU ON THE ROAD TO HOME OWNERSHIP! FEAR IS A LIAR! 256-312-9485

God Bless and protect all our active military and veterans!
The VA Loan is one of the benefits that is truly a blessing!
100% financing! No down payment needed!
Call us and lets discuss!
256-312-9485
256-225-5310

5.0 star review received on Experience.com for Beverly Starnes by Barbara G - Very professional. She went out of her way to make this stressful experience to be very pleasant.

New ★★★★★ 5 Star Experience.com Review by Barbara G Click to see all 23 reviews of Beverly Starnes, Branch Manager | NMLS # 546610

5.0 star review received on Experience.com for Beverly Starnes by Charles G J - Very professional

New ★★★★★ 5 Star Experience.com Review by Charles G Click to see all 22 reviews of Beverly Starnes, Branch Manager | NMLS # 546610

5.0 star review received on Experience.com for Beverly Starnes by Pam D - Beverly is very knowledgeable and experienced , we had some issues that was resolved in a wise and experience practice - she is great at what she does

New ★★★★★ 5 Star Experience.com Review by Pam D Click to see all 21 reviews of Beverly Starnes, Branch Manager | NMLS # 546610

New ★★★★★ 5 Star Experience.com Review by Tameka S Click to see all 20 reviews of Beverly Starnes, Branch Manager | NMLS # 546610

5.0 star review received on Experience.com for Beverly Starnes by Tameka S - I had the absolute pleasure of working with Beverly Starnes as my lender for my mortgage, and I couldn't be happier with the experience. Beverly is not only incredibly knowledgeable but also exudes warmth and kindness that made me feel like family throughout the entire process. She went above and beyond to ensure I fully understood every step of the underwriting process, patiently answering all my questions.

In an industry where horror stories about lenders are all too common, Beverly was a breath of fresh air. My journey to homeownership was remarkably smooth, thanks to her expert guidance and genuine care. She treated me like a daughter, and I can't express enough gratitude for how well she took care of me. If you're looking for a mortgage lender who combines expertise with a heart of gold, Beverly Starnes is the one you want by your side. Thank you, Beverly, for making my homeownership dreams a reality!

New ★★★★★ 5 Star Experience.com Review by Tameka S Click to see all 20 reviews of Beverly Starnes, Branch Manager | NMLS # 546610

5.0 star review received on Experience.com for Beverly Starnes by Saul V - Great communication, kept me at ease. Explain situations very well.

New ★★★★★ 5 Star Experience.com Review by Saul V Click to see all 19 reviews of Beverly Starnes, Branch Manager | NMLS # 546610

5.0 star review received on Experience.com for Beverly Starnes by Theresa C - I received excellent service from Beverly. She was always available to answer any questions and always had a pleasant attitude. . She kept me up-to-date on the progress of the loan. I would definitely recommend Beverly for a smooth and prompt closing.

New ★★★★★ 5 Star Experience.com Review by Theresa C Click to see all 18 reviews of Beverly Starnes, Branch Manager | NMLS # 546610

Happy Saturday!!!

Buying a home with a 580 credit score is VERY possible, please do not let anyone tell you otherwise.

👉FHA allows you to put as little as 3.5% down and purchase a home with a 580 credit score.

👉Both VA and USDA allow you to put no money down AND technically don’t have a score minimum but most lenders allow you to go as low as 580 with both.

🛑Some banks require a 640 or higher but that is THEIR requirement (called an overlay) NOT USDA OR VA’s requirements! Make sure you are applying with lenders who don’t have OVERLAYS‼️(me)

🔑The key to purchasing a home with a score that is 580 is having other positive factors to offset the lower score.

If you have a 580 score, are currently late on accounts, have changed jobs 6 times within the past 2 years, have been late on your rent multiple times, AND have no money saved, let’s keep it real, you’re probably NOT going to be able to purchase a home if your score is 580 ( and even with a higher score you may still have issues because the investors need to be able to see stability and the ability to repay.)

✅ however- there are people purchasing homes every day with a lower credit score. People make mistakes and run into unexpected situations all the time which may cause them to miss a payment or two but that doesn’t mean they don’t deserve the chance to buy a home especially if they have gotten themselves back on track.

Here are a few things that can help approval odds with a lower credit score:

⭐️Have no late payments on your credit report for the past 12 months. (24 months is even better).

⭐️If you are paying rent, don’t have any payments that were late more than 30 days.

Oftentimes with a lower score, a rental verification is required and you can not have any 30-day or more late payments in the last 12 months.

⭐️If you are paying rent, try to find a home where the mortgage is not much more than your current rent. This is considered payment shock if you currently pay $700, but your mortgage will be $1,900, but if you currently pay $700 and your mortgage will be $800 that is a low payment shock and considered a positive factor.

⭐️If you have money saved, that is always a plus. Reserves are used to help increase approval odds.
Reserves are the amount of money you have left after you purchase your home.

☄️For example, if you need $10,000 to close on your home and the mortgage payments will be $1,000 per month and you have $13,000 in the bank, then you have $3,000 left after you close and pay $10,000 which means you have 3 months of reserves. A reserve is equal to 1 month mortgage payment. Having 2-3 months of reserves or more could help you get approved with a lower score.

🏦You may also use a 401K account to count as reserves and assets. So if all you have is $10,000 in the bank, but your 401K has money in it, 60% of the 401K account can be used as an asset and can be considered as reserves even if you don’t take the money out. So if you have $5,000 in a 401K, 60% would be counted as assets for you so that is $3,000 (5000 x 60%) which would give 3 months of reserves. Always make sure you supply your 401K statement to your loan officer even if you don’t plan to use the funds because they help approval odds.

💲Having a low debt to income ratio can also help your approval odds.

🗣️🗣️🗣️For those. “Yeah, but with a 580, your interest rate will be so high” people….Here’s some TEA 🍵….Your rate COST may be higher, not necessarily the rate itself, BUT if you find a home and get a seller credit, the seller could pay to lower your rate and you could have the same rate as someone with an 800 credit score for no money from you as the buyer

⚠️⚠️⚠️PLEASE NOTE I NEVER SAID YOU WILL 100% BE ABLE TO BUY A HOME WITH A 580 SCORE, I AM SAYING IT IS POSSIBLE‼️‼️‼️

😂

Lets talk! Rates are great!! Call or text 256-312-9485 🏡🐾🌷

Don't let fear stand in the way of owning your own home!
Call or text me and we will get you on the road to home ownership! 🏡🌷🐾 256-312-9485

Invest in your future!! Home Ownership is one of the Best Investments You can make!! 🏡🌷 Call me! 256-312-9485