Truhome Solutions Mortgage Rates, Fees & Info
Clayton, MOLEI: 5493002YXAOJOQPEGS38
Tax ID: 76-0762186
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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: Kansas City, Phoenix, Eugene, Tucson, and Memphis among others. We have data for 65 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 a high 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 | 6.85% | 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
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
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
161Origination Dollar Volume (All Markets)
$44,685,000Awards
TruHome Solutions - 2022
TruHome Solutions is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
Work for TruHome Solutions?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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) | 14 | $3,390,000 | $242,143 | $6,705 | 4.43% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 11 | $2,855,000 | $259,545 | $9,725 | 4.93% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 7 | $2,445,000 | $349,286 | $10,052 | 4.07% |
| TUCSON, AZ (FHA|USDA|VA) | 7 | $2,245,000 | $320,714 | $11,620 | 4.55% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 9 | $2,165,000 | $240,556 | $7,429 | 4.61% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 8 | $2,120,000 | $265,000 | $8,469 | 5.30% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 8 | $1,710,000 | $213,750 | $7,549 | 4.67% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $1,705,000 | $341,000 | $10,760 | 4.40% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 4 | $1,610,000 | $402,500 | $9,724 | 3.69% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $1,480,000 | $246,667 | $10,457 | 4.08% |
| SALEM, OR (FHA|USDA|VA) | 3 | $1,395,000 | $465,000 | $11,389 | 3.58% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $1,290,000 | $322,500 | $8,328 | 5.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $1,220,000 | $610,000 | $29,337 | 4.94% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $10,877 | 4.88% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $17,858 | 2.94% |
| Outside of Metro Areas | 5 | $975,000 | $195,000 | $6,179 | 5.10% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $5,196 | 3.38% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $14,687 | 4.63% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $10,774 | 3.92% |
| Roseburg, OR (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $11,903 | 3.25% |
| TULSA, OK (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $7,947 | 4.58% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $17,201 | 4.69% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $8,058 | 5.25% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $9,921 | 4.38% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $21,225 | 2.88% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $6,412 | 5.19% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $10,181 | 4.38% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $16,506 | 5.63% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $5,539 | 4.50% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $11,748 | 4.50% |
| MISSOULA, MT (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,978 | 5.00% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $13,636 | 4.38% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,496 | 4.00% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $13,572 | 3.63% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,393 | 4.50% |
| MADISON, WI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 6.63% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $12,809 | 3.50% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,033 | 3.63% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $11,325 | 3.13% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,875 | 3.88% |
| Coffeyville, KS (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $12,637 | 3.88% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,911 | 3.13% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,520 | 5.13% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,418 | 4.38% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,618 | 2.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,045 | 6.88% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,819 | 6.13% |
| BEND, OR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,056 | 3.38% |
| North Platte, NE (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,921 | 4.63% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $10,758 | 5.13% |
| Ponca City, OK (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,026 | 5.13% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,829 | 4.63% |
| Harrison, AR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,328 | 4.88% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,757 | 4.25% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,357 | 5.00% |
| Manitowoc, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,745 | 4.38% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,524 | 3.88% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,273 | 2.88% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,482 | 3.88% |
| Forest City, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,525 | 5.50% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,416 | 5.63% |
| Granbury, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,256 | 5.63% |
| Mexico, MO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,744 | 4.50% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,174 | 4.50% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,041 | 6.63% |
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.
Similarity Rank: 59
Similarity Rank: 94
Similarity Rank: 126
Similarity Rank: 156
Similarity Rank: 175
Similarity Rank: 176
Similarity Rank: 216
Similarity Rank: 225
Similarity Rank: 240
Similarity Rank: 252
Product Mix
For 2022, Truhome Solutions's most frequently originated type of loan was FHA, with 102 originations. Their 2nd most popular type was Conventional, with 35 originations.
Loan Reason
For 2022, Truhome Solutions's most frequently cited loan purpose was Home Purchase, with 104 originations. The 2nd most popular reason was Cash Out Refi, with 51 originations.
Loan Duration/Length
For 2022, Truhome Solutions's most frequently cited loan duration was 30 Year, with 146 originations. The 2nd most popular length was 15 Year, with 8 originations.
Origination Fees/Closing Costs
Truhome Solutions's average total fees were $9,640, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 37 originations.
Interest Rates
During 2022, Truhome Solutions's average interest rate for loans was 4.55%, while their most frequently originated rate bucket for loans was 4-5%, with 56 originations.
Loan Sizing
2022 saw Truhome Solutions place emphasis on $200k-400k loans with 93 originations, totaling $26,405,000 in origination value.
Applicant Income
Truhome Solutions lent most frequently to those with incomes in the $50k-75k range, with 45 originations. The second most popular income band? $75k-100k, with 45 originations.
Applicant Debt to Income Ratio
Truhome Solutions lent most frequently to those with DTI ratios of 30-36%, with 34 originations. The next most common DTI ratio? 50-60%, with 32 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.10%
Truhome Solutions has an average approval rate.
Pick Rate
Approvals leading to origination-14.91%
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 | 161 | $44,685,000 | $277,547 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TRANSUNION INTERMEDIATE HOLDINGS, INC. | Conventional home mortgage | Incorrect information on your report | 1 | 50.0% |
| TRANSUNION INTERMEDIATE HOLDINGS, INC. | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 50.0% |