Lighthouse Home Loans
 

  Home    Loan Center    Products    About Us    FAQ    Resources  
With 30 plus years in the Mortgage industry, we will assess your needs & help you select the most suitable financing package.
Lighthouse Home Loans offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:
 
Conforming 15 Year Fixed Loans
Conforming 30 Year Fixed Loans
High Balance / Super Conforming
Jumbo Loans
FHA Loans
VA Loans

Conforming 15 Year Fixed Loans
If you want to payoff your mortgage sooner, choose this 15

Term: 15 years   Maximum Amount: $453,100
RatesAPRPointsPayment
3.375%3.474%0.5%$2,835.04
3.5%3.526%0%$2,859.53

Conforming 30 Year Fixed Loans
CONVENTIONAL Conventional loans are not insured by the FHA or VA. Generally, these are a good option for homebuyers with higher credit scores and stable employment histories. Interest rates for conventional loans are usually some of the lowest available. FEATURES AND BENEFITS You may use a conventional loan to finance a property in a high-cost area A variety of loan terms are available – you’re not limited to 15- and 30-year terms Down payments as low as 3% depending on your loan amount

Term: 30 years   Maximum Amount: $453,100
RatesAPRPointsPayment
3.875%3.931%0.5%$1,880.95
4%4.015%0%$1,909.66

High Balance / Super Conforming
Fannie Mae and Freddie Mac have maximum loan amounts that vary per county. Counties / Max Loan Amounts Los Angeles/Orange: $679,650; Ventura: $672,750; Riverside/San Bernardino: $453,100; San Diego: $649,750; San Luis Obispo: $615,250; Santa Barbara: $625,500.

Term: 30 years   Maximum Amount: $679,650

Jumbo Loans
JUMBO LOANS Jumbo loans are just that – larger amounts of funds for luxury properties and homes in high-cost areas. Generally, any loan that is over the high–cost loan limits set by the Federal Housing Finance Agency (FHFA) is a Jumbo loan. FEATURES AND BENEFITS Loan funds to $2.5 million may be available. Down payments beginning at 10%. Loans with fixed and adjustable rates (ARMs) are available. A variety of loan terms are available – you’re not limited to 15- and 30-year terms. Allowed property types include single-family residences, warrantable condominiums, properties in Planned Unit Developments (PUDs).

Term: 30 years   Maximum Amount: $2,500,000

FHA Loans
FHA LOANS An FHA loan is partially insured by the Federal Housing Administration (FHA), an agency created in 1934 to help borrowers and businesses recover from the Great Depression. The FHA’s insurance lessens a lender’s risk when offering loans to buyers with limited funds for a down payment and/or for imperfect credit. FEATURES AND BENEFITS You may qualify to buy with a low, 3.5% down payment. Credit scores from 580 are allowed for fixed-rate loans. Both fixed-rate and adjustable-rate mortgages (ARMs) are offered. You may finance a single-family home, 2-4 unit property, condominium or a Planned Unit Development (PUD) property.

VA Loans
VA Loans – Fixed-rate and ARMs, high-balance VA loans are partially insured by the U.S. Department of Veterans Affairs (VA) and are a valuable benefit for military veterans and active servicemen and women. This federal insurance enables us to offer easier qualifying guidelines and low down payment options. FEATURES AND BENEFITS 0% Down Payment A minimum credit of 580 is required for fixed-rate financing. Borrowers with credit scores from 580 to 619 are subject to stricter guidelines*. Adjustable-rate mortgages (ARMs) require a minimum 620 credit score. High-balance loan amounts equal to the statutory loan limit for the area or $1 million (whichever is less) may be available. Allowed property types include single-family residences, 2-4 unit properties, VA-approved condominiums, manufactured homes, properties in Planned Unit Developments (PUDs). Financing for primary residences, second homes and investment properties may be available. * Borrowers with credit scores from 580 to 619 may only qualify for purchase transactions of one-unit single family residences. Gift funds and down payment assistance is not allowed.