Services
KS Mortgage is committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements. We make the process of securing a mortgage simple and straightforward by offering you the latest in financial tools that enable you to make sound financial choices.
- Conventional/Conforming Loans
- FHA Loans
- 203K Streamlined Loans
- VA Loans
- Jumbo Loans
- Immigrant/Expatriate Loan Program
- Reverse Mortgages
- Equity Financing
Conventional/Conforming Loans
Insured by Fannie Mae and Freddie Mac, with a Texas conforming loan limit of $417,000.
- Typically require private mortgage insurance if the loan to value exceeds 80%
- Commonly referred to as an 80-10-10
FHA Loans
Whether you plan to buy or refinance, whether it's your first home or your fourth - FHA financing may be a sound foundation of your financial plan.
- Purchase a home with little money down, which can be gifted by family members
- Overcome credit challenges, including a limited or less-than perfect credit history for qualified applicants
- Qualify with the help of a friend or family member as a co-signer
- FHA loans have no income limits
203K Streamlined Loans
The FHA 203K loan is a cost-effective way for borrowers to purchase a home that needs repairs or to refinance and make improvements on their existing home.
- Down payments as low as 3.5%
- Financing based on "as completed" value of home
- General contractors and do-it-yourself improvements allowed
- Family may gift down payment, clearing costs, prepaid expenses, and discount points
VA Loans
Your service to your country is honorable, and we salute your dedication. Now, if your mission is to build a secure, comfortable future, we want to help you reach that goal.
- Less cash is needed, and 100% financing is available at some loan amounts
- Funds for optional down payments and all closing costs may come entirely from eligible gifts or grants
- Typically lower cost in comparison to standard conventional financing
- Down payment assistant programs are available for qualified borrowers
Jumbo Loans
If you plan to purchase or refinance a higher-priced property, our jumbo mortgage options can help you make the most of today's inviting home prices and historically low interest rates.
- 5/1, 7/1, 10/1 ARMs provide lower interest rates for the initial years
- A secure choice of fixed rate terms with no payment adjustments for the life of your loan
- Accommodating options for single-family attached and detached properties, as well as condos, PUDs, co-ops, and factor-built housing allowed
- Retirement funds can count toward the cash reserves required after closing
Immigrant/Expatriate Loan Program
This program is designed for professional immigrants entering the USA on an acceptable visa. US citizens working for foreign companies may also be considered on an exception basis if two years US tax returns have been filed showing the foreign earnings.
- No SSI or TIN number required
- If no credit score is present or we have a false score, we will consider these clients as having a credit score of 740 when qualifying and pricing
- Foreign assets are considered on a case-by-case basis for reserves and down payment
- We do not pull an international credit bureau
Reverse Mortgages
You've worked hard to build equity on your home, isn't it time to put your home to work for you? If you are 62 years or older, a reverse mortgage enables you to convert some of your home's equity into tax-free funds to use at your discretion.
- You will continue to own and live in your home
- No income, credit, or employment requirements needed to qualify
- You may receive funds as a lump sum, in monthly installments, as a line of credit, or as an upfront sum plus monthly allotments
Equity Financing
Your home's equity may be a good resource to help you take care of the things that matter most. Home equity financing can help you:
- Make home repairs or improvements
- Pay for education or unexpected medical expenses
- Fund life events such as weddings or new family members
- Manage debt
- Choose the type of monthly payment that fits your budget on lines of credit
- Have an ongoing financial resource to count on now, and in the future
