559-713-1200
jholmstrup@kingsmortgage.com
Apply Now
Secure Doc Upload
Kings Mortgage Services, Inc. Logo

Blog

Blog Image: The Little-known Mortgage That Doesn’t Require a Down Payment

The Little-known Mortgage That Doesn’t Require a Down Payment

USDA Loan Defined These are mortgages backed by the U.S. Department of Agriculture. They are designed to help low- or middle-income borrowers buy homes in non-urban areas. USDA loans are not actually made by the government; they are made by traditional mortgage lenders but receive a guarantee from the USDA that makes them less risky for lenders. Loan Features Beyond offering 100% financing on a home, USDA loans also allow borrowers better interest rates than other low-down payment programs. This is because the USDA subsidizes rates to encourage homeownership in more rural areas. In mo...

September 9th, 2020 | Government Loans, USDA Loans, The Little-known Mortgage That Doesn’t Require a Down Payment

Blog Image: How to Cancel FHA Mortgage Insurance

How to Cancel FHA Mortgage Insurance

Mortgage loans made by the Federal Housing Administration can be a huge help to homebuyers without a large down payment. FHA loans require down payments of as little as 3.5%. Yet FHA mortgages come with some strings attached, namely FHA mortgage insurance. Almost all mortgage loans made with less than a 20% down payment require some form of mortgage insurance. This insurance protects the lender against losses from the borrower defaulting in the first several years of the loan. It is typically paid monthly and is tacked onto the mortgage payment. With conventional loans, borrowers pay privat...

December 4th, 2019 | Government Loans, FHA Loans, How to Cancel FHA Mortgage Insurance

Blog Image: Happy Halloween

Happy Halloween

Here at Kings Mortgage Services, Inc., we'd like to thank all of our customers and partners for sticking with us. We wish you a happy and safe Halloween. Best Wishes, Kings Mortgage Services, Inc.

October 30th, 2019 | Purchasing a Home, Government Loans, VA Loans, Happy Halloween

Blog Image: Jumbo Loans for Veterans

Jumbo Loans for Veterans

If you are a veteran or a servicemember, you are probably well aware of VA mortgage loans. These loans offer excellent benefits, including no down payment or credit score requirements as well as allowing borrowers to forgo mortgage insurance premiums.  But what happens if you are looking to buy an expensive property or you live in a pricier area of the country, where home prices exceed the standard VA loan limits? Is it still possible to take advantage of VA mortgage financing? Thankfully, the answer is yes! You can apply for a VA jumbo loan. Jumbo Loan Defined A jumbo loan is for a...

October 24th, 2019 | Purchasing a Home, Government Loans, VA Loans, Jumbo Loans for Veterans

Blog Image: Energy Efficient Mortgage Program

Energy Efficient Mortgage Program

The federal government has aimed to help increase homeownership for decades. One of the Federal Housing Administration’s many programs to help Americans in their homeownership dreams is the Energy Efficient Mortgage program (EEM). Many homes, especially older ones, could be much more affordable if they were updated to be more energy efficient. The EEM allows borrows to make those updates and save money as new homeowners. The Department of Housing and Urban Development (HUD) first created the Energy Efficient Mortgage program in 1992 and piloted it in five states. It was extended to al...

July 17th, 2019 | FHA Loans, Government Loans, Energy Efficient Mortgage Program

Blog Image: 4 Loan Programs With Zero-Down Payment

4 Loan Programs With Zero-Down Payment

Are there ways to get a mortgage loan without making a down payment? While the options are not as plentiful as they used to be, there are still at least four government-backed programs that allow borrowers to buy a home with no down payment. Over a decade ago, home prices were skyrocketing month-to-month, giving homebuyers “instant equity.” Mortgage lenders offered “zero-down” home loans to most of their customers, with confidence that those borrowers would soon own a significant stake in their homes. However, the housing market crashed, and home prices began plungin...

May 22nd, 2019 | Purchasing a Home, First-time Homebuyers, Government Loans, FHA Loans, VA Loans, USDA Loans, 4 Loan Programs With Zero-Down Payment

Pages: 1 2 Next >