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, Miami, Denver, Dallas, and Orlando among others. We have data for 71 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% | 11/17/24 |
| 30 Year Conventional Refi | 6.53% | 11/17/24 |
| 30 Year Cash-out Refi | 6.87% | 11/17/24 |
| 30 Year FHA Purchase | 7.12% | 11/17/24 |
| 30 Year FHA Refi | 7.32% | 11/17/24 |
| 30 Year VA Purchase | 5.80% | 11/17/24 |
| 30 Year VA Refi | 5.57% | 11/17/24 |
| 30 Year USDA Purchase | 7.20% | 11/17/24 |
| 15 Year Conventional Purchase | 6.28% | 11/17/24 |
| 15 Year Conventional Refi | 6.19% | 11/17/24 |
| 15 Year Cash-out Refi | 6.19% | 11/17/24 |
| 15 Year FHA Purchase | 5.68% | 11/17/24 |
| 15 Year FHA Refi | 5.68% | 11/17/24 |
| 15 Year VA Purchase | 5.68% | 11/17/24 |
| 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
205Origination Dollar Volume (All Markets)
$47,425,000Top 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) | 25 | $5,085,000 | $203,400 | $4,747 | 3.61% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 12 | $3,690,000 | $307,500 | $9,745 | 3.36% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 9 | $3,375,000 | $375,000 | $7,778 | 3.19% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 9 | $2,615,000 | $290,556 | $8,640 | 3.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 9 | $2,035,000 | $226,111 | $7,252 | 3.54% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 10 | $1,920,000 | $192,000 | $6,398 | 3.49% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 8 | $1,660,000 | $207,500 | $7,050 | 3.33% |
| Outside of Metro Areas | 9 | $1,615,000 | $179,444 | $5,572 | 3.42% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 8 | $1,480,000 | $185,000 | $7,134 | 3.33% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 8 | $1,350,000 | $168,750 | $7,475 | 3.34% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $1,320,000 | $660,000 | $6,224 | 3.06% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 7 | $1,105,000 | $157,857 | $6,467 | 3.36% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $6,241 | 4.17% |
| TULSA, OK (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $8,155 | 3.41% |
| Roseburg, OR (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $8,190 | 3.42% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $7,493 | 3.63% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $7,523 | 3.54% |
| BEND, OR (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $9,004 | 2.81% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $9,600 | 3.25% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $5,194 | 3.21% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $8,277 | 3.44% |
| SPARTANBURG, SC (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $5,725 | 3.50% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $5,902 | 3.75% |
| MERCED, CA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $5,132 | 3.50% |
| Prineville, OR (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $6,018 | 2.75% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $8,638 | 2.94% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $5,185 | 4.31% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,730 | 3.50% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $9,102 | 3.63% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $10,256 | 3.63% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,115 | 3.31% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $12,478 | 3.50% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $9,572 | 3.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $11,073 | 2.50% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $6,292 | 4.06% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $11,624 | 3.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $6,391 | 3.38% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,103 | 3.56% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,304 | 3.38% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $14,683 | 3.63% |
| Orangeburg, SC (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $8,005 | 3.06% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $10,690 | 3.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,097 | 2.63% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,066 | 3.25% |
| Newberry, SC (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,303 | 3.44% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,917 | 3.13% |
| Gaffney, SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,986 | 3.50% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,185 | 2.63% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,072 | 3.63% |
| Wauchula, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,575 | 3.50% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,613 | 2.88% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,268 | 3.38% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $14,441 | 3.13% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,068 | 2.88% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,099 | 3.75% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,023 | 3.75% |
| Sulphur Springs, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $9,399 | 3.13% |
| Moberly, MO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,334 | 3.75% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,992 | 4.00% |
| Marietta, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,446 | 3.25% |
| Meridian, MS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $9,266 | 2.75% |
| OCALA, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,278 | 3.38% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,109 | 3.75% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,371 | 3.75% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,598 | 3.25% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,413 | 3.13% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,782 | 3.75% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,191 | 3.25% |
| Emporia, KS (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,747 | 3.63% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,221 | 3.75% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,597 | 4.25% |
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 2020, Truhome Solutions's most frequently originated type of loan was FHA, with 136 originations. Their 2nd most popular type was Conventional, with 45 originations.
Loan Reason
For 2020, Truhome Solutions's most frequently cited loan purpose was Home Purchase, with 145 originations. The 2nd most popular reason was Refi, with 30 originations.
Loan Duration/Length
For 2020, Truhome Solutions's most frequently cited loan duration was 30 Year, with 185 originations. The 2nd most popular length was 15 Year, with 11 originations.
Origination Fees/Closing Costs
Truhome Solutions's average total fees were $6,987, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 94 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 158 | $35,440,000 | $224,304 |
| 2.5-3% | 32 | $8,860,000 | $276,875 |
| 4-5% | 11 | $1,695,000 | $154,091 |
| <2.5% | 3 | $1,045,000 | $348,333 |
| 5-6% | 1 | $385,000 | $385,000 |
During 2020, Truhome Solutions's average interest rate for loans was 3.45%, while their most frequently originated rate bucket for loans was 3-4%, with 158 originations.
Loan Sizing
2020 saw Truhome Solutions place emphasis on $200k-400k loans with 110 originations, totaling $31,100,000 in origination value.
Applicant Income
Truhome Solutions lent most frequently to those with incomes in the $75k-100k range, with 59 originations. The second most popular income band? $50k-75k, with 56 originations.
Applicant Debt to Income Ratio
Truhome Solutions lent most frequently to those with DTI ratios of 50-60%, with 46 originations. The next most common DTI ratio? 30-36%, with 32 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.26%
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 origination2.93%
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 | 205 | $47,425,000 | $231,341 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 5 | $575,000 | $115,000 |
| Single Family (1-4 Units):Site-Built | 200 | $46,850,000 | $234,250 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TRUHOME SOLUTIONS, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |