Get a Home Mortgage

//Get a Home Mortgage
Get a Home Mortgage 2016-11-02T20:35:56+00:00

Personalized Mortgage Lending Solutions

Kingsmen Property Solutions is ready to help you with the purchase of your home. Whether this is your first purchase or your a seasoned home owner, we have an array of mortgage lenders with options to meet your needs. Fill out the form below to get started and see all the great opportunities there are to make the dream of homeownership a reality.

now is a great time to buy a new home.

Our goal is to make you feel confident and comfortable with the purchase of your home by diligently guiding and educating you along the way. Our preferred mortgage lenders have years of experience, offer competitive rates and will guide you through each step of the loan process.

Where to Start with Your Mortgage Loan

APPLY NOW to find a lender/mortgage company and get pre-approval

Besides finding a home, this may be the most important part of the loan process. It’s critical that you get a green light from your loan officer. Also, although some lenders don’t require loan documents to issue a pre-approval, we suggest that you provide your loan documents to the loan officer right away.

During the pre-approval process, it’s important to fully explain your financial situation to the loan officer. Making sure everything is properly disclosed will speed up the loan process and help avoid any late minute snags that may delay a closing.

Typical questions to cover during the pre-approval process are:

  • What’s the max purchase price I can qualify for?
  • How much money down do I need?
  • Am I paying for closing costs?
  • What is my interest rate?
  • When can I lock my loan?
  • Which programs do I quality for based on my situation?
  • What is the maximum mortgage payment I qualify for?
Apply Now

Today’s Rates:

Instead of treating loan applicants like another number, the loan processors we work with understand the importance of closing a loan on time.
Kingsmen Property Solutions

Types of Home Mortgages

FHA Loans (Federal Housing Administration) are government-backed loans that allow the borrower to have a minimum amount of money to put down on a home. Some people believe that FHA is only for first time homebuyers, or for people who have had credit problems in the past. Actually, FHA is a great loan for everyone. Even if you’ve owned a home previously, and have perfect credit, FHA may still be the best loan for you.

There are several advantages to an FHA loan. There is a low minimum down payment of 3.5%. The seller can contribute up to 6% of the purchase price toward the buyer’s closing costs and prepaid expenses, which can significantly reduce your out of pocket expense. Streamline refinances are available for FHA customers who have acceptable mortgage pay history for the most recent 12 months. With a streamline refinance the document requirements are greatly reduced. It’s a great option to ensure your ability to take advantage of lower rates down the road without having to requalify!

VA loans are government-backed loans for qualifying veterans who have served or who are serving in the United States military, and for qualified reservists. A VA loan is a great product, and we believe that the men and women who serve our country deserve the best financing available.

There are several advantages to a VA loan. The program does not require a down payment, the seller may pay the buyer’s closing costs and/or prepaid expenses up to 4% of the loan amount. In addition, the loan limits are significantly higher than the FHA limits, and there are many closing costs that VA does not allow the Veteran to pay, which reduces your out of pocket expense. The Veteran can move into a home for as little as $1.00.

Whether you are currently serving in the military, have served in the past with an honorable discharge, or are the surviving spouse of a Veteran, give us a call to prequalify for the best loan available – you’ve earned it!

Conventional loans, also known as “conforming loans,” are insured by Fannie Mae and Freddie Mac, and have varying loan amount limits based on the property’s location. In Texas, for example, the conforming loan limit is $417,000. In San Francisco, where the median home prices are considerably higher, the loan limit is $625,500. These loans typically require PMI (private mortgage insurance) if the loan to value exceeds 80%, however, you may be able to obtain a conventional loan without PMI with less than 20% down if a subordinate lien is obtained. You may have heard this type of structure referred to as an 80-10-10. 80% loan with a 10% second lien and 10% down from the buyer.
A jumbo loan is defined as a loan whose loan amount exceeds the Fannie Mae conforming loan limit. In Texas, the conforming loan limit is $417,000. In high cost states, such as California, the loan limit is as high as $625,500. Many lenders don’t have access to jumbo loan products, but at Rodney Anderson with Supreme Lending, we have many available, and at considerably lower rates than the competition.
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