KINGS MORTGAGE SERVICES
Wholesale Lending | Sacramento | NMLS #264441
About Kings Mortgage
- Founded 1997, 28+ years funding loans
- Wholesale-only, we work through brokers and never compete for your clients
- In-house processing, underwriting, and funding
- 2-day initial underwrite turnaround
- Licensed in California (NMLS #264441)
- Conventional, FHA, VA, and Non-QM
Loan Products
- Conventional (Fannie/Freddie)
- FHA | VA
- Bank Statement (12- or 24-month)
- Self-reported P&L loans for self-employed borrowers
- DSCR, investor cash-flow loans
- Asset Depletion / Asset Qualifier
- Foreign National
- Interest-Only
Why Brokers Choose Kings
- Files that don't fit the agency box
- Self-employed borrowers, investors, complex income situations
- Underwriters who pick up the phone
- Manual underwriting available (FHA)
- No retail arm, your clients stay yours
- Transparent pricing, no surprises
How It Works
- Broker sends file by email
- Initial underwrite, 48-hour turn
- Conditions issued, we walk you through them
- Clear to Close
- Fund and close
Sacramento Market Snapshot
- Median home price (Sacramento City): $465K to $510K
- Median price (Elk Grove): about $620K
- Median price (Folsom / Roseville): $550K to $765K
- Average days on market: 21 days
- 30-year fixed rates: about 6.0% to 6.5%
- Strong Bay Area transplant activity, larger loan amounts, equity-rich buyers
Quick Reference
| Product | Min FICO | Min Down | Notes |
|---|
| Conventional | 620+ | 3 to 5% | MI if under 20% down |
| FHA | 580+ | 3.5% | Manual UW available |
| VA | No min* | 0% | Zero MI, military eligible |
| Self-reported P&L | 640+ | 3.5% | Self-employed borrowers |
| Bank Statement | 660+ | 20% (80% LTV) | 12 to 24 months, self-employed friendly |
| DSCR | 660+ | 20 to 25% | Rent covers payment = qualify |
| Asset Depletion | 680+ | Varies | Liquid assets as income |
Borrower Profiles We Excel With
- Self-employed with write-off-heavy returns
- Real estate investors, single and multi-family
- Retirees with strong assets, limited W-2 income
- Buyers with recent credit events but full recovery
- Veterans using VA benefits
- Foreign nationals purchasing in California
Ross Rojek
Account Executive | Sacramento Market
Kings Mortgage Services, Inc.
916-370-7253
rrojek@kingsmtg247.com
1123 11th St, Sacramento, CA 95814