Northern Kentucky Loan Programs / Our Specialty

In today’s lending environment, there are literally hundreds of mortgage options and they change almost on a daily basis. The best way to figure out which loan program to use is to discuss your plans for the real estate in question and complete a full loan application so a trained professional can get a full picture of your current situation and needs, then recommend the program(s) that most fit your current personal and financial goals. Lighthouse Mortgage, LLC strives to meet the needs of all who apply for mortgage financing and with that in mind, there are certain types of loans that we feel we do better than anyone else and these loans are considered to be our area of specialization. The loans that we do best and offer the best available rates and terms on are: Large Conforming Loans, Jumbo Loans, true 100% Financing and Small Mixed Use or Apartment/Commercial financing. It doesn't matter if you need the mortgage for a purchase or a refinance. We’re equally happy to help whether you already are a Northern Kentucky Homeowner or just trying to become one.

A Loan for Any Need
The information listed below represents a partial overview of what is available to the consumer and a brief description of what each type of loan is. Please contact us with any additional questions about these programs or any others you may not see listed. We are always happy to help with financing for Northern Kentucky Homes and Real Estate any way we can.

Conventional Loans
Conventional Loans are mortgage loans that meet Fannie Mae and Freddie Mac underwriting guidelines and are eligible for purchase by Fannie/Freddie on the secondary market. Conventional loans in Northern Kentucky can be used for purchase or refinance transactions on single family to four family homes. Conventional loans are the most familiar type of mortgage financing to most consumers. Conventional Loans can require as little as 3% down for purchase transactions. For refinance transactions; up to 95% LTV for rate/term transactions and up to 90% LTV for cash out or debt consolidation purposes. Current 2006 Conventional loan limits are $417,000.00. At Lighthouse Mortgage, LLC, we offer some of the best rates available for Conventional Loans in Northern Kentucky and excel as a larger loan amount lender; ($150,000-$2,000,000).

Non-Conforming Loans
Non-Conforming, Alt-A, and Sub-Prime are all names given to loans that do not meet Fannie Mae /Freddie Mac underwriting guidelines and therefore are not eligible for purchase by Fannie/Freddie on the secondary Market. Don’t be misled, confused or turned off by the name! These are the loans that make it possible for most everyone, regardless of circumstances to obtain a mortgage when they really need one. These loans offer greater flexibility in underwriting guidelines and almost always offer higher debt to income and loan to value ratios than Conventional Loans. The other major benefit of this type of loan would be the ability to obtain 100% or even 125% financing for Northern Kentucky Homes and Real Estate with NO PMI. That’s right, 100%-125% Financing with no PMI. WOW!!

Jumbo Loans
Loans which are larger than the limits set by Fannie Mae and Freddie Mac are called jumbo loans and are considered a type of non-conforming mortgage. Because jumbo loans can not be purchased by Fannie Mae and Freddie Mac, they usually carry a slightly higher interest rate and different underwriting guidelines than Conventional loans. Northern Kentucky Jumbo loans are used in the purchase of large or luxury homes in Northern Kentucky with loan amounts in excess of the current 2006 Conventional loan limit of $417,000. At Lighthouse Mortgage, LLC, we consider Jumbo Loans one of our specialties for Northern Kentucky homes and real estate.

First Time Buyer Programs / 100% Financing
100% financing programs can be a great way to purchase your first home. These programs require no down payment and even allow for financing of closing costs or seller paid closing costs and pre-paids up to 6% of the purchase price. Lighthouse Mortgage, LLC has many no down payment or 100% financing options for Northern Kentucky first time home buyers. NOTE: (You do NOT have to be a first time home buyer to qualify for most of our 100% financing programs!!!)

A Loan For Any Need
At Lighthouse Mortgage, LLC we offer many variations of most Northern Kentucky loan programs (even for those with less than a perfect credit history). The following is sampling of some of the variations available in conjunction with many of our programs. These variations are intended for individuals who have a hard time proving or documenting income. These variations of programs require less documentation and are used to make qualifying easier for those who may not otherwise qualify at all.

No income / no employment / no asset verification ( No Doc)

No income verification / no asset verification (NINA)

Stated Income / Stated Assets (SISA)

Stated income / Verified Assets (SIVA)

Let Lighthouse Mortgage, LLC help guide you through the sea of mortgage choices to the mortgage solution that best fits your needs. We are here to help and eager to answer all of your questions about Northern Kentucky Mortgages. Call or email us today!