Why get a mortgage with Kin?
We help you secure the house. You make it a home.
Lower rates
We offer Kin-specific interest rates that make mortgages even more affordable.
Customizable options
We find solutions that fit your budget and save you money.
Fast and easy
Our friendly experts work on your timeline — and we're here to help.
When do you need a mortgage quote?
We can power you forward at every step in the process.
Preparing financially
Buying a house takes time. Talk to us early to help you plan confidently.
Starting to look
When you’re starting your house search, get pre-approved with Kin so you’re ready to make offers.
Making an offer
When you have a home in mind, and you want to make an offer.
Common questions about mortgages
What is a mortgage?
A mortgage is a secured loan where a lender (usually a financial company) provides funds that allow a borrower (an individual) to purchase real estate without paying the entire price upfront. The borrower then makes regular “mortgage payments” back to the lender over the life of the loan, including interest.
How does a mortgage work?
A mortgage functions as a long-term installment loan. At closing, the lender pays the home-seller the agreed-upon purchase price (minus any down payment made by the buyer). The borrower then repays the lender over a set period — usually 15 or 30 year s— through monthly payments. These payments typically cover:
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Principal: The amount borrowed
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Interest: The cost of borrowing money
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Escrow: Funds held for property taxes and homeowners insurance
What credit score do I need for a mortgage?
Credit score requirements vary depending on the type of mortgage loan.
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Conventional loans: Typically require a minimum credit score of 620.
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FHA loans: Can accept scores as low as 580 (with a 3.5% down payment) or even 500 (with a 10% down payment).
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VA and USDA loans: Often have no strict minimum, though lenders frequently look for a score of 640 or higher. Generally, a score of 740 or above will secure the most favorable interest rates.
Are mortgage rates fixed or variable?
Mortgages can be either fixed or variable, depending on the loan structure chosen by the borrower:
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Fixed-Rate Mortgage: The interest rate remains the same for the entire life of the loan (e.g., 30 years). This offers stability, as the principal and interest portion of the monthly payment never changes.
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Adjustable-Rate Mortgage (ARM): The interest rate is fixed for an initial period (such as 5, 7, or 10 years) but then adjusts periodically based on market conditions. This means payments can rise or fall over time.
