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

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include Kansas City, Dallas, Miami, Denver, and Los Angeles among others. Truhome Solutions has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Truhome Solutions is typically a high fee lendor.


Originations

231

Origination Dollar Volume (All Markets)

$55,455,000

Relative Rate

Truhome Solutions 's average 30 year fixed rate mortgage of loans were 3.06%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.09%.

Relative Fees

Truhome Solutions 's average total fees for a 30 year fixed rate mortgage are $6,211.

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

Top Markets

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%
CaƱon 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.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average 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 the 2021 period, Truhome Solutions 's most frequently originated loan type of loans were Conventional, with 99 originations. Their 2nd most popular type is FHA, with 91 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average 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 the 2021, Truhome Solutions 's most frequently cited loan purpose of loans were Home Purchase, with 105 originations. The 2nd most popular reason of loans were 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 the 2021, Truhome Solutions 's most frequently cited loan length of loans were 30 Year, with 194 originations. The 2nd most popular length of loans were 15 Year, with 22 originations.

Origination Fees

Origination Fee 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 18 $4,040,000 $224,444
$5k+ 8 $2,780,000 $347,500

$6,211 of loans were Truhome Solutions 's average total fees, while their most frequently occuring range of origination fees 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 of loans were 3.06%, while their most frequently originated rate bucket of loans were 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 1 $185,000 $185,000 $1,742 3.25%

Approval Rates

Total approvals of all applications
96.24%

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
22.21%

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%