Our language is mortgage…We can help you better understand how mortgage financing work!
Kingdom Lending Group offers a variety of mortgage loan programs to meet your specific financial needs. To learn more
about the different loan programs we have, please visit the individual loan programs below or contact one of our mortgage
loan consultants to discuss which loan program is right for you.
Conventional Home Loans
Conventional Home Loan is a mortgage that is not backed or insured by the United States federal government (i.e. FHA, VA or USDA).
Conventional loans also known as a conforming loan are written to the guidelines set by Fannie Mae or Freddie Mac. Such mortgage loans are offered by local banks and held by that bank until it is paid off or sold.
Most conventional loan programs require 5% down. Because every loan is different it’s important to contact a professional at Kingdom Lending Group.
FHA Home Loans
FHA (Federal Housing Administration) loans are government backed loans allowing for a low down payment.
Created to make home loans more accessible and affordable to help people overcome the barriers to homeownership often use with down payment assistance and first time home buyer programs. In addition, they have flexible qualifying criteria and competitive interest rates, because the government is insuring the loan.
An FHA Loan presents an alternative for those home buyers who may have trouble qualifying for traditional home loans such as first-time home buyers, recent college graduates, low-to-moderate income earners and those who have had past credit challenges.
A non-prime mortgage is a loan program that does not fall in the same category as conventional loans. The only difference is that it has lenient requirements, and people with low credit scores can qualify.
Non-Prime mortgage loans typically are made to borrowers who have negative credit as a result of Foreclosure, Bankruptcy, Short Sale, Collections, and Charge-Offs. Borrowers with these circumstances can use alternative documentation to qualify for a Non-Prime loan rather than supplying tax returns, W-2s, or pay stubs. Additionally a borrower seeking a Non-Prime loan can supply bank statements, liquid assets, and other non-typical forms of income to qualify.
Non-Prime loans are associated with higher rates and fees and should only be looked at as a temporary solution to an immediate need.
We realize not everyone has perfect credit and not everyone can document their income, as a result non-prime loan is able to help you get a mortgage whether you are self employed, have a low credit score.
Hard Money/Private Loans
A hard money loan is a short-term loan for properties, that doesn’t come from traditional lenders, typically issued by private investors or companies allowing the borrower to receive funds and secured by real property or an asset as collateral. When someone defaults on a secured loan, the lender can take ownership of the asset to recoup its losses.
Hard money lenders who will give you a loan even if you’ve been denied by more traditional lenders, as a result interest rates are typically higher than conventional commercial or residential property loans because of the higher risk and shorter duration of the loan.
Compared to traditional mortgages that often take more than a month to close on a property, with hard money loans, if a purchase needs to happen fairly quickly it’s possible close within just a few days.
How can we help
Looking to purchase a house? let us guide you throughout the home buying jouney
441 S. State Road 7, Suite 19-A
Kingdom Lending Group Corp. NMLS Entity ID#1741812. A Florida Mortgage Broker. All loans are arranged through 3rd party lenders. As a Mortgage Broker, kingdom Lending Group Corp does not make commitments or fund mortgage loans. All mortgage loans are arranged with third party lenders.kingdom Lending Group Corp does not directly offer or guarantee FL interest rates or loan programs and does not directly issue commitments or make final decisions on loan terms.
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