Kings Mortgage Services Rates, Fees & Info

VISALIA, CA

LEI: 549300P5SKZCJ1JGSQ39

Tax ID: 77-0455415

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Kings Mortgage Services is a smaller mortgage company specializing in Home Purchase loans. Kings Mortgage Services has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Visalia, Hanford, Fresno, Bakersfield, and San Luis Obispo among others. We have data for 10 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 6.84% 4/28/24
    30 Year Conventional Refi 6.89% 4/28/24
    30 Year Cash-out Refi 6.90% 4/28/24
    30 Year FHA Purchase 7.42% 4/28/24
    30 Year FHA Refi 7.37% 4/28/24
    30 Year VA Purchase 6.33% 4/28/24
    30 Year VA Refi 6.39% 4/28/24
    30 Year USDA Purchase 6.53% 4/28/24
    15 Year Conventional Purchase 6.25% 4/28/24
    15 Year Conventional Refi 6.54% 4/28/24
    15 Year Cash-out Refi 6.54% 4/28/24
    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.

    Kings Mortgage Services Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Kings Mortgage Services. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    784

    Origination Dollar Volume (All Markets)

    $242,170,000

    Awards

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

    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) 324 $100,580,000 $310,432 $9,639 4.94%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 221 $65,395,000 $295,905 $9,884 5.16%
    FRESNO, CA (FHA|USDA|VA) 181 $56,885,000 $314,282 $9,238 4.98%
    BAKERSFIELD, CA (FHA|USDA|VA) 45 $14,005,000 $311,222 $9,894 4.85%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 7 $2,965,000 $423,571 $5,897 4.66%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $795,000 $795,000 $25,755 5.63%
    MADERA, CA (FHA|USDA|VA) 2 $610,000 $305,000 $7,495 4.25%
    Crescent City, CA (FHA|USDA|VA) 1 $395,000 $395,000 $10,932 4.00%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $335,000 $335,000 $14,010 6.63%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $205,000 $205,000 $7,324 4.38%
    Kings Mortgage Services's top markets include Visalia, Hanford, Fresno, Bakersfield, and San Luis Obispo 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.

    AltaOne Federal Credit Union
    Similarity Rank: 49
    SAFE 1 CREDIT UNION
    Similarity Rank: 57
    STRATA Credit Union
    Similarity Rank: 222
    COASTHILLS
    Similarity Rank: 408
    KD CAPITAL MORTGAGE CORPORATION
    Similarity Rank: 616
    SCHOOLSFIRST
    Similarity Rank: 627
    PACIFIC HOME LOANS, INC.
    Similarity Rank: 712
    SESLOC
    Similarity Rank: 714
    Fremont Bank
    Similarity Rank: 780
    VALLEY STRONG CREDIT UNION
    Similarity Rank: 812

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 446 $134,290,000 $301,099 $7,577 5.03%
    FHA 252 $77,250,000 $306,548 $12,532 5.06%
    VA 60 $22,290,000 $371,500 $11,231 4.86%
    USDA 26 $8,340,000 $320,769 $12,109 4.31%

    For 2022, Kings Mortgage Services's most frequently originated type of loan was Conventional, with 446 originations. Their 2nd most popular type was FHA, with 252 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 660 $215,670,000 $326,773 $10,278 5.13%
    Refi 107 $23,025,000 $215,187 $6,282 4.28%
    Cash Out Refi 17 $3,475,000 $204,412 $5,076 4.69%

    For 2022, Kings Mortgage Services's most frequently cited loan purpose was Home Purchase, with 660 originations. The 2nd most popular reason was Refi, with 107 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 745 $234,775,000 $315,134 $9,857 5.07%
    15 Year 28 $5,390,000 $192,500 $5,306 3.79%
    20 Year 5 $835,000 $167,000 $5,229 4.15%
    10 Year 4 $690,000 $172,500 $3,861 3.28%
    5 Year 1 $205,000 $205,000 $125 4.00%
    Other 1 $275,000 $275,000 $6,077 3.88%

    For 2022, Kings Mortgage Services's most frequently cited loan duration was 30 Year, with 745 originations. The 2nd most popular length was 15 Year, with 28 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 281 $100,625,000 $358,096
    $1k-2k 164 $45,560,000 $277,805
    $3k-4k 115 $31,925,000 $277,609
    $4k-5k 105 $31,165,000 $296,810
    $2k-3k 101 $29,165,000 $288,762
    $<1k 18 $3,730,000 $207,222

    Kings Mortgage Services's average total fees were $9,857, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 281 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 251 $80,415,000 $320,378
    4-5% 197 $60,445,000 $306,827
    3-4% 154 $43,590,000 $283,052
    6-7% 107 $36,515,000 $341,262
    7-8% 37 $12,515,000 $338,243
    2.5-3% 30 $7,890,000 $263,000
    <2.5% 7 $275,000 $39,286
    Over 8% 1 $525,000 $525,000

    During 2022, Kings Mortgage Services's average interest rate for loans was 5.07%, while their most frequently originated rate bucket for loans was 5-6%, with 251 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 510 $156,140,000 $306,157 $10,179 5.06%
    $400k-600k 140 $62,640,000 $447,429 $10,861 5.41%
    $100k-200k 112 $17,210,000 $153,661 $5,486 4.56%
    $100,000 or less 14 $690,000 $49,286 $4,532 2.83%
    $600k-1MM 8 $5,490,000 $686,250 $14,745 4.75%

    2022 saw Kings Mortgage Services place emphasis on $200k-400k loans with 510 originations, totaling $156,140,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 212 $68,200,000 $321,698 $10,554 5.11%
    $100k-150k 201 $71,425,000 $355,348 $10,581 5.24%
    $50k-75k 194 $51,370,000 $264,794 $9,026 4.78%
    $50k or less 85 $14,985,000 $176,294 $6,514 4.37%
    $150k-250k 76 $29,450,000 $387,500 $9,374 5.26%
    $250k+ 16 $6,740,000 $421,250 $10,077 5.55%

    Kings Mortgage Services lent most frequently to those with incomes in the $75k-100k range, with 212 originations. The second most popular income band? $100k-150k, with 201 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 114 $36,980,000 $324,386 $12,301 5.18%
    30-36% 96 $29,450,000 $306,771 $8,600 4.82%
    48% 56 $16,810,000 $300,179 $9,719 5.04%
    20-30% 56 $14,240,000 $254,286 $7,312 4.42%
    49% 54 $19,080,000 $353,333 $9,945 5.37%
    44% 47 $14,595,000 $310,532 $8,659 5.24%
    45% 40 $13,240,000 $331,000 $10,121 5.12%
    47% 38 $12,430,000 $327,105 $10,057 5.07%
    42% 37 $10,885,000 $294,189 $10,105 4.78%
    43% 36 $10,510,000 $291,944 $8,804 5.14%
    41% 32 $10,920,000 $341,250 $10,794 4.98%
    40% 31 $9,125,000 $294,355 $9,382 4.81%
    46% 27 $7,275,000 $269,444 $8,496 5.00%
    38% 25 $8,745,000 $349,800 $9,784 4.71%
    39% 25 $7,625,000 $305,000 $9,224 5.36%
    37% 24 $7,550,000 $314,583 $8,376 5.51%
    36% 21 $6,075,000 $289,286 $8,908 5.09%
    <20% 20 $4,480,000 $224,000 $6,738 4.30%
    >60% 5 $2,155,000 $431,000 $10,981 4.88%

    Kings Mortgage Services lent most frequently to those with DTI ratios of 50-60%, with 114 originations. The next most common DTI ratio? 30-36%, with 96 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 700 $211,380,000 $301,971 $9,461 4.98%
    Not provided 36 $12,350,000 $343,056 $11,031 4.97%
    Asian 27 $9,945,000 $368,333 $10,285 5.28%
    Black 16 $6,660,000 $416,250 $11,920 5.36%
    American Indian 5 $1,835,000 $367,000 $9,787 6.13%

    Approval Rates

    Total approvals of all applications
    98.73%

    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
    71.05%

    Kings Mortgage Services has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 784 $242,170,000 $308,890

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    784 $242,170,000 $308,890

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 23 $3,065,000 $133,261 $4,963 4.78%
    40-60% 66 $12,520,000 $189,697 $5,734 4.49%
    60-80% 163 $48,245,000 $295,982 $8,144 5.05%
    80-100% 504 $170,130,000 $337,560 $10,585 5.13%
    Over 100% 21 $7,895,000 $375,952 $15,212 4.89%
    Under 20% 7 $315,000 $45,000 $6,417 1.00%