Truhome Solutions Mortgage Rates, Fees & Info

Clayton, MO

LEI: 5493002YXAOJOQPEGS38

Tax ID: 76-0762186

3.8 stars - out of 5 stars, based on 15 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Truhome Solutions is a smaller mortgage company specializing in Home Purchase and Refi loans. Truhome Solutions has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Kansas City, Dallas, Miami, Denver, and Los Angeles among others. We have data for 82 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Truhome Solutions has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Truhome Solutions is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.83% 1/29/23
    30 Year Conventional Refi 6.70% 1/29/23
    30 Year Cash-out Refi 6.80% 1/29/23
    30 Year FHA Purchase 7.38% 1/29/23
    30 Year FHA Refi 7.24% 1/29/23
    30 Year VA Purchase 6.30% 1/29/23
    30 Year VA Refi 6.11% 1/29/23
    30 Year USDA Purchase 6.75% 1/29/23
    15 Year Conventional Purchase 5.99% 1/29/23
    15 Year Conventional Refi 6.26% 1/29/23
    15 Year Cash-out Refi 6.26% 1/29/23
    15 Year FHA Purchase 6.98% 1/29/23
    15 Year FHA Refi 6.79% 1/29/23
    15 Year VA Purchase 6.00% 1/29/23
    15 Year VA Refi 6.04% 1/29/23
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    231

    Origination Dollar Volume (All Markets)

    $55,455,000

    Relative Rate

    Truhome Solutions's average 30 year fixed mortgage rate was 3.06%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.09%.

    Relative Fees (Closing Costs)

    Truhome Solutions's average total fees/closing costs for a 30 year fixed rate mortgage were $6,211.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    KANSAS CITY, MO-KS (FHA|USDA|VA) 39 $8,365,000 $214,487 $3,680 3.20%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 13 $3,455,000 $265,769 $6,221 3.09%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 10 $2,970,000 $297,000 $8,196 3.06%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 7 $2,215,000 $316,429 $6,353 3.09%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $2,185,000 $728,333 $13,463 2.92%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 8 $1,990,000 $248,750 $6,161 3.09%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 4 $1,440,000 $360,000 $13,451 3.03%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 6 $1,380,000 $230,000 $7,381 2.92%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 6 $1,370,000 $228,333 $2,692 2.71%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $1,160,000 $290,000 $4,430 3.13%
    TULSA, OK (FHA|USDA|VA) 7 $1,095,000 $156,429 $4,446 3.05%
    TALLAHASSEE, FL (FHA|USDA|VA) 4 $1,090,000 $272,500 $8,358 2.84%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 5 $1,085,000 $217,000 $7,338 2.75%
    Outside of Metro Areas 5 $1,075,000 $215,000 $4,712 3.03%
    Roseburg, OR (FHA|USDA|VA) 4 $970,000 $242,500 $8,417 3.03%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 3 $965,000 $321,667 $9,314 2.96%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 5 $955,000 $191,000 $6,033 3.03%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 4 $930,000 $232,500 $7,917 2.84%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 3 $895,000 $298,333 $5,351 2.67%
    MEDFORD, OR (FHA|USDA|VA) 3 $815,000 $271,667 $7,917 2.96%
    JACKSONVILLE, FL (FHA|USDA|VA) 4 $800,000 $200,000 $6,199 3.06%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $710,000 $355,000 $6,093 3.06%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $665,000 $221,667 $6,210 2.96%
    MODESTO, CA (FHA|USDA|VA) 3 $655,000 $218,333 $8,124 2.92%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $655,000 $218,333 $5,627 2.71%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $640,000 $320,000 $6,710 2.81%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $595,000 $198,333 $6,994 3.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $590,000 $295,000 $9,094 2.44%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $590,000 $295,000 $9,077 2.69%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $585,000 $195,000 $5,031 3.00%
    WALLA WALLA, WA (FHA|USDA|VA) 2 $530,000 $265,000 $9,709 3.13%
    Stillwater, OK (FHA|USDA|VA) 2 $500,000 $250,000 $3,807 2.81%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $495,000 $495,000 $19,011 2.25%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $445,000 $445,000 $5,880 3.13%
    YUBA CITY, CA (FHA|USDA|VA) 1 $425,000 $425,000 $4,791 3.38%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $410,000 $205,000 $4,172 2.88%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 1 $375,000 $375,000 $2,871 3.00%
    SPARTANBURG, SC (FHA|USDA|VA) 2 $360,000 $180,000 $8,418 2.69%
    OCALA, FL (FHA|USDA|VA) 3 $345,000 $115,000 $4,078 3.58%
    SAVANNAH, GA (FHA|USDA|VA) 1 $345,000 $345,000 $2,468 3.00%
    SALEM, OR (FHA|USDA|VA) 1 $335,000 $335,000 $2,634 2.75%
    WICHITA, KS (FHA|USDA|VA) 2 $330,000 $165,000 $2,867 3.19%
    Montrose, CO (FHA|USDA|VA) 1 $315,000 $315,000 $8,543 3.13%
    MANHATTAN, KS (FHA|USDA|VA) 1 $295,000 $295,000 $2,294 3.63%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $295,000 $295,000 $3,918 3.25%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 2 $290,000 $145,000 $3,482 2.69%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $285,000 $285,000 $2,305 3.00%
    Granbury, TX (FHA|USDA|VA) 1 $275,000 $275,000 $3,125 3.00%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $275,000 $275,000 $8,118 2.88%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $265,000 $265,000 $3,309 2.38%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $255,000 $255,000 $12,799 2.63%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $245,000 $245,000 $10,173 3.13%
    Cañon City, CO (FHA|USDA|VA) 1 $245,000 $245,000 $5,911 3.00%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $225,000 $225,000 $1,723 3.13%
    Brookings, OR (FHA|USDA|VA) 1 $215,000 $215,000 $4,213 2.88%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $215,000 $215,000 $6,511 3.13%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $215,000 $215,000 $3,048 2.25%
    Columbus, MS (FHA|USDA|VA) 1 $215,000 $215,000 $1,616 3.00%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $215,000 $215,000 $8,521 2.63%
    WICHITA FALLS, TX (FHA|USDA|VA) 2 $200,000 $100,000 $4,306 3.00%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $195,000 $195,000 $6,323 3.00%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $195,000 $195,000 $7,778 3.75%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $195,000 $195,000 $4,643 3.50%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $185,000 $185,000 $2,750 3.00%
    Brainerd, MN (FHA|USDA|VA) 1 $175,000 $175,000 $2,797 3.50%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $165,000 $165,000 $4,111 3.25%
    LINCOLN, NE (FHA|USDA|VA) 1 $155,000 $155,000 $2,248 2.75%
    Orangeburg, SC (FHA|USDA|VA) 1 $155,000 $155,000 $4,054 3.25%
    JEFFERSON CITY, MO (FHA|USDA|VA) 1 $155,000 $155,000 $2,677 3.38%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $155,000 $155,000 $4,791 2.63%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $145,000 $145,000 $6,738 2.75%
    Bartlesville, OK (FHA|USDA|VA) 1 $145,000 $145,000 $6,479 3.00%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $145,000 $145,000 $1,472 3.38%
    Dodge City, KS (FHA|USDA|VA) 1 $135,000 $135,000 $5,497 3.00%
    Mexico, MO (FHA|USDA|VA) 1 $125,000 $125,000 $1,483 3.25%
    Winfield, KS (FHA|USDA|VA) 1 $125,000 $125,000 $3,247 3.63%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $115,000 $115,000 $2,368 3.38%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $115,000 $115,000 $4,952 3.00%
    Ottawa, KS (FHA|USDA|VA) 1 $115,000 $115,000 $3,802 2.88%
    Nogales, AZ (FHA|USDA|VA) 1 $105,000 $105,000 $3,211 2.50%
    Atmore, AL (FHA|USDA|VA) 1 $75,000 $75,000 $3,321 3.38%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $55,000 $55,000 $4,017 3.63%
    Truhome Solutions's top markets include Kansas City, Dallas, Miami, Denver, and Los Angeles among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against TruHome Solutions based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    DADE COUNTY FEDERAL CREDIT UNION
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    LRS FINANCIAL NETWORK, INC.
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    FRONTIER COMMUNITY CREDIT UNION
    Similarity Rank: 693
    CoreFirst Bank & Trust
    Similarity Rank: 759
    POWER FINANCIAL
    Similarity Rank: 768
    The District Federal Credit Union
    Similarity Rank: 882
    Alliance Credit Union
    Similarity Rank: 1044
    UNITED CONSUMERS CREDIT UNION
    Similarity Rank: 1062
    First United Bank
    Similarity Rank: 1190

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 99 $22,535,000 $227,626 $3,533 3.16%
    FHA 91 $21,675,000 $238,187 $8,091 3.00%
    VA 36 $10,330,000 $286,944 $6,380 2.73%
    USDA 5 $915,000 $183,000 $5,524 2.93%

    For 2021, Truhome Solutions's most frequently originated type of loan was Conventional, with 99 originations. Their 2nd most popular type was FHA, with 91 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 105 $27,615,000 $263,000 $7,203 3.03%
    Refi 69 $15,845,000 $229,638 $3,670 3.00%
    Cash Out Refi 48 $10,490,000 $218,542 $6,128 3.09%
    Home Improvement 9 $1,505,000 $167,222 $4,593 2.86%

    For 2021, Truhome Solutions's most frequently cited loan purpose was Home Purchase, with 105 originations. The 2nd most popular reason was Refi, with 69 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 194 $48,730,000 $251,186 $6,211 3.06%
    15 Year 22 $3,680,000 $167,273 $3,865 2.70%
    20 Year 9 $1,625,000 $180,556 $3,751 2.99%
    Other 5 $1,355,000 $271,000 $3,479 3.13%
    10 Year 1 $65,000 $65,000 $3,065 3.00%

    For 2021, Truhome Solutions's most frequently cited loan duration was 30 Year, with 194 originations. The 2nd most popular length was 15 Year, with 22 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 107 $25,605,000 $239,299
    $1k-2k 67 $14,965,000 $223,358
    $2k-3k 29 $7,695,000 $265,345
    $3k-4k 13 $2,955,000 $227,308
    $5k+ 8 $2,780,000 $347,500
    $4k-5k 5 $1,085,000 $217,000

    Truhome Solutions's average total fees were $6,211, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 107 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 118 $28,040,000 $237,627
    3-4% 87 $20,905,000 $240,287
    <2.5% 22 $6,000,000 $272,727
    4-5% 4 $510,000 $127,500

    During 2021, Truhome Solutions's average interest rate for loans was 3.06%, while their most frequently originated rate bucket for loans was 2.5-3%, with 118 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 119 $32,765,000 $275,336 $6,387 2.98%
    $100k-200k 86 $13,570,000 $157,791 $4,406 3.07%
    $400k-600k 13 $5,935,000 $456,538 $8,686 2.97%
    $100,000 or less 10 $730,000 $73,000 $3,315 3.36%
    $600k-1MM 3 $2,455,000 $818,333 $18,469 2.79%

    2021 saw Truhome Solutions place emphasis on $200k-400k loans with 119 originations, totaling $32,765,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 73 $15,455,000 $211,712 $5,680 3.14%
    $50k or less 54 $10,030,000 $185,741 $4,658 2.97%
    $75k-100k 43 $11,335,000 $263,605 $6,668 2.94%
    $100k-150k 40 $11,020,000 $275,500 $6,379 2.95%
    $150k-250k 17 $6,005,000 $353,235 $7,034 3.07%
    $250k+ 4 $1,610,000 $402,500 $3,853 3.13%

    Truhome Solutions lent most frequently to those with incomes in the $50k-75k range, with 73 originations. The second most popular income band? $50k or less, with 54 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 44 $9,810,000 $222,955 $4,637 2.96%
    30-36% 35 $8,025,000 $229,286 $5,257 3.09%
    50-60% 32 $7,850,000 $245,313 $7,445 3.00%
    36% 11 $3,155,000 $286,818 $6,807 2.99%
    39% 10 $2,410,000 $241,000 $4,819 3.16%
    44% 10 $2,270,000 $227,000 $4,358 3.14%
    48% 9 $2,425,000 $269,444 $8,131 3.01%
    38% 8 $1,910,000 $238,750 $3,950 3.03%
    41% 8 $1,870,000 $233,750 $5,876 3.31%
    40% 7 $1,385,000 $197,857 $6,659 3.02%
    43% 7 $2,155,000 $307,857 $6,381 3.09%
    42% 6 $990,000 $165,000 $4,712 3.35%
    45% 6 $1,360,000 $226,667 $7,679 2.94%
    <20% 5 $825,000 $165,000 $4,522 3.05%
    37% 5 $1,365,000 $273,000 $4,251 3.13%
    49% 5 $915,000 $183,000 $5,212 2.90%
    46% 3 $1,015,000 $338,333 $14,194 2.71%
    47% 3 $1,285,000 $428,333 $18,050 2.67%
    >60% 1 $565,000 $565,000 $16,715 2.88%

    Truhome Solutions lent most frequently to those with DTI ratios of 20-30%, with 44 originations. The next most common DTI ratio? 30-36%, with 35 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 135 $30,815,000 $228,259 $5,228 3.01%
    Not provided 49 $13,505,000 $275,612 $6,939 3.01%
    Black 39 $9,065,000 $232,436 $6,280 3.06%
    Asian 5 $1,175,000 $235,000 $7,313 3.08%
    American Indian 2 $710,000 $355,000 $7,065 3.19%
    Native Hawaiian or Islander 1 $185,000 $185,000 $1,742 3.25%

    Approval Rates

    Total approvals of all applications
    96.78%

    Truhome Solutions has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    24.68%

    Truhome Solutions has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 231 $55,455,000 $240,065

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    231 $55,455,000 $240,065

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $480,000 $120,000 $3,342 2.91%
    40-60% 26 $4,190,000 $161,154 $3,765 3.04%
    60-80% 63 $15,745,000 $249,921 $4,223 3.06%
    80-100% 133 $33,315,000 $250,489 $6,724 3.02%
    Over 100% 4 $1,660,000 $415,000 $16,668 2.69%
    Under 20% 1 $65,000 $65,000 $4,359 2.38%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    TRUHOME SOLUTIONS, LLC FHA mortgage Struggling to pay mortgage 1 100.0%