Truhome Solutions Mortgage Rates, Fees & Info
Clayton, MOLEI: 5493002YXAOJOQPEGS38
Tax ID: 76-0762186
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Mortgage Data
Review & Overview
Truhome Solutions is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. They have a a high proportion of FHA loans. Truhome Solutions has an average proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Omaha, Tucson, Miami, St. Louis, and Los Angeles among others. We have data for 110 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.97% | 4/5/25 |
| 30 Year Conventional Refi | 6.72% | 4/5/25 |
| 30 Year Cash-out Refi | 6.67% | 4/5/25 |
| 30 Year FHA Purchase | 7.03% | 4/5/25 |
| 30 Year FHA Refi | 6.77% | 4/5/25 |
| 30 Year VA Purchase | 6.38% | 4/5/25 |
| 30 Year VA Refi | 6.72% | 4/5/25 |
| 30 Year USDA Purchase | 6.94% | 4/5/25 |
| 15 Year Conventional Purchase | 5.79% | 4/5/25 |
| 15 Year Conventional Refi | 6.00% | 4/5/25 |
| 15 Year Cash-out Refi | 6.00% | 4/5/25 |
| 15 Year FHA Purchase | 6.22% | 4/5/25 |
| 15 Year FHA Refi | 6.00% | 4/5/25 |
| 15 Year VA Purchase | 5.84% | 4/5/25 |
| 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. | ||
Truhome Solutions Mortgage Calculator
Your Estimates
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This is not an official calculator from Truhome Solutions. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
279Origination Dollar Volume (All Markets)
$74,355,000Awards
TruHome Solutions - 2024
TruHome Solutions is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Truhome Solutions's average 30 year fixed mortgage rate was
6.31%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.24%.
Relative Fees (Closing Costs)
Truhome Solutions's average total fees/closing costs for a 30 year fixed rate
mortgage were $9,118.
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 $8,356.
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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 22 | $5,080,000 | $230,909 | $7,058 | 6.49% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 15 | $3,855,000 | $257,000 | $7,777 | 6.33% |
| TUCSON, AZ (FHA|USDA|VA) | 11 | $3,525,000 | $320,455 | $9,652 | 6.10% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 8 | $3,240,000 | $405,000 | $15,107 | 6.09% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 13 | $3,155,000 | $242,692 | $7,433 | 6.41% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 5 | $3,055,000 | $611,000 | $16,770 | 6.43% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 7 | $2,225,000 | $317,857 | $9,976 | 6.39% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 8 | $1,990,000 | $248,750 | $8,629 | 6.45% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 7 | $1,955,000 | $279,286 | $11,237 | 5.88% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 6 | $1,740,000 | $290,000 | $11,498 | 6.15% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 6 | $1,650,000 | $275,000 | $8,180 | 6.52% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $1,565,000 | $313,000 | $15,919 | 5.90% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $1,520,000 | $380,000 | $11,263 | 6.13% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 7 | $1,355,000 | $193,571 | $6,890 | 6.50% |
| LAWTON, OK (FHA|USDA|VA) | 9 | $1,305,000 | $145,000 | $6,911 | 6.31% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $12,068 | 6.46% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $4,725 | 6.42% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $1,070,000 | $267,500 | $11,389 | 6.53% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $10,589 | 6.42% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $1,060,000 | $265,000 | $10,404 | 6.56% |
| VISALIA, CA (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $9,641 | 6.75% |
| COLUMBIA, MO (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $9,112 | 6.04% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $13,127 | 6.63% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $7,243 | 6.16% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $19,582 | 5.88% |
| DOVER, DE (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $12,866 | 6.31% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $14,885 | 5.25% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $8,831 | 6.33% |
| Roseburg, OR (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $11,308 | 5.81% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $13,285 | 6.13% |
| CLEVELAND, TN (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $9,133 | 6.56% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $11,757 | 6.38% |
| Coos Bay, OR (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $13,760 | 6.31% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $8,684 | 6.50% |
| GRAND ISLAND, NE (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $8,089 | 6.56% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $8,852 | 5.56% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $7,029 | 6.29% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $4,798 | 6.67% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $4,422 | 6.69% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $8,566 | 5.88% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $8,810 | 6.56% |
| AKRON, OH (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $9,352 | 5.56% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $6,999 | 6.38% |
| Port Lavaca, TX (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $16,612 | 5.63% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $10,059 | 6.13% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $8,833 | 5.94% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $2,912 | 6.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $11,694 | 6.13% |
| MERCED, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $17,796 | 5.63% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $13,190 | 6.63% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $8,266 | 6.31% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $8,066 | 6.56% |
| TULSA, OK (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $8,739 | 6.38% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $2,501 | 6.19% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $9,597 | 6.88% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $8,558 | 6.63% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $14,549 | 6.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $17,288 | 6.00% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $14,167 | 5.13% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $9,904 | 6.63% |
| North Platte, NE (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $6,097 | 6.56% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,013 | 6.63% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $8,208 | 6.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $11,416 | 6.50% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $8,503 | 5.63% |
| ENID, OK (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $5,575 | 6.63% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,129 | 6.50% |
| Athens, TN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $8,880 | 6.63% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,880 | 6.13% |
| Harrison, AR (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,574 | 6.13% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $10,394 | 6.13% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,485 | 6.00% |
| Parsons, KS (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,110 | 6.63% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $5,072 | 6.88% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $13,193 | 5.63% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,513 | 7.13% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,874 | 6.63% |
| Ottumwa, IA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $5,849 | 6.50% |
| Vicksburg, MS (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $13,661 | 4.88% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,205 | 6.13% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,484 | 6.13% |
| Ashland, OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $13,819 | 5.13% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,498 | 6.50% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,259 | 6.13% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,771 | 6.50% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,792 | 5.50% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,780 | 6.13% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,832 | 6.13% |
| Sikeston, MO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,655 | 7.75% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,679 | 7.13% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,070 | 5.88% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,476 | 6.63% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,324 | 5.63% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,151 | 6.63% |
| Sidney, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,379 | 6.13% |
| Sterling, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,983 | 6.50% |
| Moberly, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,941 | 6.88% |
| Findlay, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,282 | 6.50% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,223 | 5.38% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,142 | 6.13% |
| Hannibal, MO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,097 | 7.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,437 | 6.63% |
| Pampa, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,320 | 6.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,988 | 6.63% |
| Coffeyville, KS (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,636 | 5.50% |
| Kirksville, MO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,710 | 6.63% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,215 | 5.88% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,329 | 5.50% |
| Ponca City, OK (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,659 | 6.63% |
| Hutchinson, KS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,198 | 7.13% |
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.
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Product Mix
For 2024, Truhome Solutions's most frequently originated type of loan was FHA, with 205 originations. Their 2nd most popular type was Conventional, with 37 originations.
Loan Reason
For 2024, Truhome Solutions's most frequently cited loan purpose was Home Purchase, with 208 originations. The 2nd most popular reason was Cash Out Refi, with 66 originations.
Loan Duration/Length
For 2024, Truhome Solutions's most frequently cited loan duration was 30 Year, with 269 originations. The 2nd most popular length was 15 Year, with 7 originations.
Origination Fees/Closing Costs
Truhome Solutions's average total fees were $9,118, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 82 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 182 | $48,400,000 | $265,934 |
| 5-6% | 76 | $21,590,000 | $284,079 |
| 7-8% | 17 | $3,625,000 | $213,235 |
| 4-5% | 3 | $595,000 | $198,333 |
| Over 8% | 1 | $145,000 | $145,000 |
During 2024, Truhome Solutions's average interest rate for loans was 6.31%, while their most frequently originated rate bucket for loans was 6-7%, with 182 originations.
Loan Sizing
2024 saw Truhome Solutions place emphasis on $200k-400k loans with 142 originations, totaling $39,710,000 in origination value.
Applicant Income
Truhome Solutions lent most frequently to those with incomes in the $100k-150k range, with 84 originations. The second most popular income band? $75k-100k, with 69 originations.
Applicant Debt to Income Ratio
Truhome Solutions lent most frequently to those with DTI ratios of 50-60%, with 79 originations. The next most common DTI ratio? 30-36%, with 40 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.90%
Truhome Solutions has an average approval rate.
Pick Rate
Approvals leading to origination-16.85%
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 | 279 | $74,355,000 | $266,505 |