Kings Mortgage Services Rates, Fees & Info

VISALIA, CA

LEI: 549300P5SKZCJ1JGSQ39

Tax ID: 77-0455415

3.5 stars - out of 5 stars, based on 39 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Kings Mortgage Services is a smaller mortgage company specializing in Home Purchase and Refi loans. Kings Mortgage Services has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Visalia, Fresno, Hanford, San Luis Obispo, and Bakersfield among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Kings Mortgage Services has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Kings Mortgage Services is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.61% 1/29/23
    30 Year Conventional Refi 6.59% 1/29/23
    30 Year Cash-out Refi 6.55% 1/29/23
    30 Year FHA Purchase 7.24% 1/29/23
    30 Year FHA Refi 6.90% 1/29/23
    30 Year VA Purchase 6.23% 1/29/23
    30 Year VA Refi 6.08% 1/29/23
    30 Year USDA Purchase 6.59% 1/29/23
    30 Year USDA Refi 6.32% 1/29/23
    15 Year Conventional Purchase 6.11% 1/29/23
    15 Year Conventional Refi 6.14% 1/29/23
    15 Year Cash-out Refi 6.14% 1/29/23
    15 Year FHA Refi 5.68% 1/29/23
    15 Year VA Refi 7.11% 1/29/23
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    1,538

    Origination Dollar Volume (All Markets)

    $411,280,000

    Awards

    KINGS MORTGAGE SERVICES FHA Loans silver KINGS MORTGAGE SERVICES FHA Loans gold KINGS MORTGAGE SERVICES USDA Loans gold KINGS MORTGAGE SERVICES USDA Loans silver
    Show all (4) awards

    Relative Rate

    Kings Mortgage Services's average 30 year fixed mortgage rate was 3.01%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.14%.

    Relative Fees (Closing Costs)

    Kings Mortgage Services's average total fees/closing costs for a 30 year fixed rate mortgage were $6,645.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    VISALIA, CA (FHA|USDA|VA) 694 $181,550,000 $261,599 $6,319 2.98%
    FRESNO, CA (FHA|USDA|VA) 376 $98,710,000 $262,527 $6,328 2.97%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 358 $91,870,000 $256,620 $6,415 3.00%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 48 $19,480,000 $405,833 $4,386 2.88%
    BAKERSFIELD, CA (FHA|USDA|VA) 28 $6,000,000 $214,286 $6,296 2.86%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 7 $4,195,000 $599,286 $7,033 2.96%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 7 $2,585,000 $369,286 $7,453 3.16%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 3 $1,395,000 $465,000 $4,256 3.04%
    MADERA, CA (FHA|USDA|VA) 5 $1,305,000 $261,000 $5,490 3.01%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 5 $1,185,000 $237,000 $4,181 2.63%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 3 $1,095,000 $365,000 $6,690 2.88%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $990,000 $495,000 $4,956 3.19%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $545,000 $545,000 $3,415 2.88%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $375,000 $375,000 $10,225 2.50%
    Kings Mortgage Services's top markets include Visalia, Fresno, Hanford, San Luis Obispo, and Bakersfield among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against KINGS MORTGAGE SERVICES based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,018 $266,960,000 $262,240 $4,722 3.06%
    FHA 389 $103,435,000 $265,900 $9,538 2.86%
    VA 86 $29,310,000 $340,814 $9,180 2.69%
    USDA 45 $11,575,000 $257,222 $7,506 2.68%

    For 2021, Kings Mortgage Services's most frequently originated type of loan was Conventional, with 1,018 originations. Their 2nd most popular type was FHA, with 389 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 959 $277,475,000 $289,338 $7,379 2.98%
    Refi 528 $121,130,000 $229,413 $4,391 2.96%
    Cash Out Refi 50 $12,400,000 $248,000 $5,083 3.06%
    Home Improvement 1 $275,000 $275,000 $11,309 2.88%

    For 2021, Kings Mortgage Services's most frequently cited loan purpose was Home Purchase, with 959 originations. The 2nd most popular reason was Refi, with 528 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,343 $371,435,000 $276,571 $6,645 3.01%
    15 Year 127 $25,915,000 $204,055 $3,790 2.64%
    20 Year 47 $9,865,000 $209,894 $3,814 2.90%
    10 Year 11 $1,525,000 $138,636 $3,017 2.70%
    Other 9 $2,405,000 $267,222 $3,605 2.78%
    5 Year 1 $135,000 $135,000 $5,227 4.00%

    For 2021, Kings Mortgage Services's most frequently cited loan duration was 30 Year, with 1,343 originations. The 2nd most popular length was 15 Year, with 127 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 936 $248,750,000 $265,759
    $2k-3k 196 $48,190,000 $245,867
    $3k-4k 137 $35,135,000 $256,460
    $4k-5k 127 $36,795,000 $289,724
    $5k+ 102 $32,440,000 $318,039
    $<1k 40 $9,970,000 $249,250

    Kings Mortgage Services's average total fees were $6,645, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 936 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 721 $190,115,000 $263,682
    3-4% 595 $164,905,000 $277,151
    <2.5% 198 $49,860,000 $251,818
    4-5% 24 $6,400,000 $266,667

    During 2021, Kings Mortgage Services's average interest rate for loans was 3.01%, while their most frequently originated rate bucket for loans was 2.5-3%, with 721 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 958 $273,990,000 $286,002 $7,092 2.98%
    $100k-200k 385 $61,075,000 $158,636 $4,505 2.97%
    $400k-600k 141 $65,655,000 $465,638 $6,336 3.02%
    $100,000 or less 43 $2,955,000 $68,721 $3,437 2.66%
    $600k-1MM 11 $7,605,000 $691,364 $6,059 3.34%

    2021 saw Kings Mortgage Services place emphasis on $200k-400k loans with 958 originations, totaling $273,990,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 466 $114,680,000 $246,094 $6,726 2.93%
    $100k-150k 307 $97,615,000 $317,964 $6,442 3.04%
    $75k-100k 303 $86,005,000 $283,845 $6,572 3.01%
    $50k or less 293 $52,635,000 $179,642 $5,444 2.92%
    $150k-250k 130 $45,660,000 $351,231 $5,912 3.02%
    $250k+ 31 $12,205,000 $393,710 $5,268 3.15%

    Kings Mortgage Services lent most frequently to those with incomes in the $50k-75k range, with 466 originations. The second most popular income band? $100k-150k, with 307 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 229 $59,615,000 $260,328 $5,271 2.93%
    30-36% 228 $61,060,000 $267,807 $6,005 3.00%
    50-60% 131 $34,765,000 $265,382 $9,203 2.88%
    44% 95 $25,225,000 $265,526 $5,587 2.97%
    49% 70 $17,870,000 $255,286 $6,107 3.03%
    42% 69 $17,855,000 $258,768 $6,510 3.05%
    39% 69 $18,815,000 $272,681 $6,009 3.00%
    45% 68 $19,150,000 $281,618 $5,656 3.03%
    41% 67 $19,635,000 $293,060 $6,563 2.96%
    40% 67 $19,575,000 $292,164 $6,323 3.15%
    43% 62 $17,450,000 $281,452 $6,360 3.03%
    38% 62 $15,680,000 $252,903 $6,614 3.01%
    48% 57 $15,315,000 $268,684 $6,180 2.97%
    36% 53 $15,575,000 $293,868 $6,607 2.95%
    37% 51 $13,215,000 $259,118 $6,054 3.04%
    46% 50 $13,580,000 $271,600 $7,737 3.03%
    47% 48 $12,420,000 $258,750 $6,201 3.01%
    <20% 43 $8,925,000 $207,558 $4,441 2.80%
    >60% 3 $805,000 $268,333 $11,980 2.58%

    Kings Mortgage Services lent most frequently to those with DTI ratios of 20-30%, with 229 originations. The next most common DTI ratio? 30-36%, with 228 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,441 $381,965,000 $265,069 $6,264 2.97%
    Asian 35 $10,825,000 $309,286 $6,561 3.12%
    Not provided 35 $10,565,000 $301,857 $5,349 3.04%
    Black 14 $4,110,000 $293,571 $8,260 3.00%
    American Indian 8 $2,170,000 $271,250 $7,831 3.20%
    Native Hawaiian or Islander 3 $1,165,000 $388,333 $6,083 3.04%
    Filipino 1 $285,000 $285,000 $11,140 2.75%
    Other Pacific Islander 1 $195,000 $195,000 $3,103 3.38%

    Approval Rates

    Total approvals of all applications
    97.92%

    Kings Mortgage Services has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    74.71%

    Kings Mortgage Services has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $5,000 $5,000
    NA 1,537 $411,275,000 $267,583

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,538 $411,280,000 $267,412

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 47 $7,155,000 $152,234 $3,757 2.85%
    40-60% 200 $38,940,000 $194,700 $3,833 2.89%
    60-80% 412 $107,960,000 $262,039 $4,901 3.09%
    80-100% 830 $244,250,000 $294,277 $7,435 2.98%
    Over 100% 37 $12,465,000 $336,892 $12,596 2.69%
    Under 20% 12 $510,000 $42,500 $2,751 1.69%