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 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: Kansas City, Denver, Miami, Orlando, and Memphis among others. We have data for 84 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.85% | 4/22/24 |
| 30 Year Conventional Refi | 6.53% | 4/22/24 |
| 30 Year Cash-out Refi | 6.87% | 4/22/24 |
| 30 Year FHA Purchase | 7.12% | 4/22/24 |
| 30 Year FHA Refi | 7.32% | 4/22/24 |
| 30 Year VA Purchase | 5.80% | 4/22/24 |
| 30 Year VA Refi | 5.57% | 4/22/24 |
| 30 Year USDA Purchase | 7.20% | 4/22/24 |
| 15 Year Conventional Purchase | 6.28% | 4/22/24 |
| 15 Year Conventional Refi | 6.19% | 4/22/24 |
| 15 Year Cash-out Refi | 6.19% | 4/22/24 |
| 15 Year FHA Purchase | 5.68% | 4/22/24 |
| 15 Year FHA Refi | 5.68% | 4/22/24 |
| 15 Year VA Purchase | 5.68% | 4/22/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
290Origination Dollar Volume (All Markets)
$60,530,000Awards
TruHome Solutions - 2019
TruHome Solutions is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 32 | $6,330,000 | $197,813 | $4,570 | 4.32% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 16 | $5,760,000 | $360,000 | $8,803 | 3.93% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 21 | $4,905,000 | $233,571 | $7,876 | 4.32% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 14 | $3,230,000 | $230,714 | $6,050 | 4.18% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 16 | $3,210,000 | $200,625 | $6,295 | 4.45% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 10 | $2,580,000 | $258,000 | $6,644 | 4.15% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 11 | $2,485,000 | $225,909 | $6,524 | 3.99% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 16 | $2,140,000 | $133,750 | $4,678 | 4.52% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 11 | $1,905,000 | $173,182 | $5,686 | 4.27% |
| SPARTANBURG, SC (FHA|USDA|VA) | 6 | $1,350,000 | $225,000 | $7,388 | 3.92% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 7 | $1,255,000 | $179,286 | $7,181 | 4.13% |
| Roseburg, OR (FHA|USDA|VA) | 5 | $1,085,000 | $217,000 | $8,024 | 3.83% |
| Outside of Metro Areas | 5 | $1,075,000 | $215,000 | $8,229 | 4.25% |
| MEDFORD, OR (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $7,128 | 4.31% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $5,335 | 4.19% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $6,487 | 4.38% |
| OCALA, FL (FHA|USDA|VA) | 6 | $820,000 | $136,667 | $5,145 | 4.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $6,136 | 4.88% |
| TULSA, OK (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $6,232 | 4.21% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $7,056 | 3.75% |
| Ponca City, OK (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $7,166 | 3.46% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $7,087 | 3.71% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $4,241 | 4.71% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $6,023 | 3.88% |
| LUBBOCK, TX (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $7,240 | 3.79% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $4,769 | 4.13% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $6,173 | 4.33% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $5,403 | 4.38% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $20,151 | 3.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $7,282 | 3.38% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $8,804 | 3.56% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $11,909 | 4.88% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,637 | 4.00% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,848 | 3.88% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,070 | 3.50% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,520 | 4.19% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $5,784 | 3.69% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,771 | 4.44% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $6,888 | 3.88% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $6,716 | 4.13% |
| WICHITA, KS (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $3,141 | 4.63% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $7,209 | 4.25% |
| BEND, OR (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $11,098 | 4.88% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,522 | 4.38% |
| TOPEKA, KS (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,449 | 4.75% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,141 | 4.00% |
| MADISON, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,336 | 4.25% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $5,836 | 4.56% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,840 | 4.25% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,119 | 4.50% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,173 | 4.00% |
| Orangeburg, SC (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $5,043 | 4.38% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,669 | 4.25% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,445 | 4.25% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,365 | 3.75% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,141 | 3.63% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,340 | 4.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,609 | 4.50% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,610 | 4.00% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,349 | 3.75% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,646 | 3.75% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,538 | 4.13% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,124 | 3.63% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 4.38% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,191 | 3.88% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $5,620 | 4.69% |
| Safford, AZ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,514 | 4.88% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,111 | 4.63% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,817 | 3.75% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,103 | 4.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,389 | 3.75% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,546 | 3.88% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,446 | 4.88% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,916 | 4.25% |
| Brownsville, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,291 | 3.88% |
| Maryville, MO (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $3,495 | 5.75% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,752 | 5.25% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,416 | 4.50% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,278 | 4.25% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,397 | 5.50% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,240 | 4.25% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,579 | 4.50% |
| Ottawa, KS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,334 | 5.25% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $3,085 | 4.75% |
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Product Mix
For 2019, Truhome Solutions's most frequently originated type of loan was FHA, with 172 originations. Their 2nd most popular type was Conventional, with 80 originations.
Loan Reason
For 2019, Truhome Solutions's most frequently cited loan purpose was Home Purchase, with 193 originations. The 2nd most popular reason was Cash Out Refi, with 55 originations.
Loan Duration/Length
For 2019, Truhome Solutions's most frequently cited loan duration was 30 Year, with 267 originations. The 2nd most popular length was 15 Year, with 13 originations.
Origination Fees/Closing Costs
Truhome Solutions's average total fees were $6,377, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 157 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 134 | $25,430,000 | $189,776 |
| 3-4% | 128 | $30,040,000 | $234,688 |
| 5-6% | 26 | $4,710,000 | $181,154 |
| 2.5-3% | 1 | $215,000 | $215,000 |
| 6-7% | 1 | $135,000 | $135,000 |
During 2019, Truhome Solutions's average interest rate for loans was 4.22%, while their most frequently originated rate bucket for loans was 4-5%, with 134 originations.
Loan Sizing
2019 saw Truhome Solutions place emphasis on $100k-200k loans with 126 originations, totaling $19,140,000 in origination value.
Applicant Income
Truhome Solutions lent most frequently to those with incomes in the $50k-75k range, with 89 originations. The second most popular income band? $50k or less, with 71 originations.
Applicant Debt to Income Ratio
Truhome Solutions lent most frequently to those with DTI ratios of 50-60%, with 71 originations. The next most common DTI ratio? 20-30%, with 49 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.77%
Truhome Solutions has an average approval rate.
Pick Rate
Approvals leading to origination25.52%
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 | 290 | $60,530,000 | $208,724 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 9 | $1,035,000 | $115,000 |
| Single Family (1-4 Units):Site-Built | 281 | $59,495,000 | $211,726 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TRUHOME SOLUTIONS, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| TRUHOME SOLUTIONS, LLC | Conventional home mortgage | Trouble during payment process | 2 | 66.7% |