Mortgage Discover mortgage products tailored to your needs, whether you're buying your first home, refinancing, or seeking specialized loans.
Purchase a Home Discover the best mortgage options to help you buy your dream home. Our team will guide you through every step of the process.
Refinance Find out how refinancing your mortgage can save you money, lower your monthly payments, or access your home equity.
Mortgage Products Explore our range of mortgage products designed to fit your financial needs, including fixed-rate, adjustable-rate, FHA, VA, and more.
Calculators Use our mortgage calculators to estimate your monthly payments, explore debt consolidation options, and determine your affordability.
FAQs Find answers to common questions about mortgages, refinancing, loan options, and the application process. Get the information you need to make informed decisions.
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Merchant Cash AdvanceAdvance Today, Profit Tomorrow: Flexible funding based on future sales to support immediate business needs, ideal for businesses with fluctuating revenue.
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Business Term LoanInvest in the Long Run: Secure, fixed-rate loans for large business investments like expansion, equipment upgrades, or other growth-oriented projects.
Account Receivable FinancingCash Flow on Demand: Turn your invoices into cash by leveraging unpaid receivables, providing a seamless solution to bridge cash flow gaps.
Startup CapitalLaunch with Confidence: Custom financing solutions for new ventures, covering initial costs from product development to hiring, to get your business off the ground.
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Mortgage
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Home Financing
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Your Trusted Partner for Home Financing
At Truvion, we believe everyone deserves to own their dream home. With personalized service and competitive rates, we'll work with you to turn your homeownership dreams into a reality.
Purchasing a Home?
Truvion knows home buying is stressful, but financing doesn't have to be. Our experts provide the best options and rates with a personal touch.
Going to an Open House?
Our team of experts can offer tailored loan options based on your financial situation and goal to increase chance of getting approved for the loan.
Know Your Budget Before You Buy
Get a clear picture of what you can afford by factoring in your income, debt, and down payment.
Buy a Home: Steps to Success with Truvion
Unlock your dream home with Truvion, your trusted guide in mortgage excellence.
STEP 1
Get Pre-approval
Talk to a Truvion Loan Officer or apply online to get pre-approved and enhance your home buying credibility.
STEP 2
Make an Offer
Use your pre-approval to make competitive offers on homes with the help of a Truvion Loan Officer.
STEP 3
Offer is Accepted
Once your offer is accepted, finalize the mortgage application, sign the agreement, and schedule inspections.
STEP 4
Securing Funding
Submit updated financial documents and start the underwriting process.
STEP 5
Final Mortgage Approval
The expert team verifies all documents and completes underwriting for final loan approval.
STEP 6
Closing the Deal
Complete the final steps to close your mortgage and secure your new home.
STEP 7
Post Purchase
Truvion’s team monitors your mortgage and helps you achieve future financial goals.
STEP 1
Get Pre-approval
Talk to a Truvion Loan Officer or apply online to get pre-approved and enhance your home buying credibility.
STEP 2
Make an Offer
Use your pre-approval to make competitive offers on homes with the help of a Truvion Loan Officer.
STEP 3
Offer is Accepted
Once your offer is accepted, finalize the mortgage application, sign the agreement, and schedule inspections.
STEP 4
Securing Funding
Submit updated financial documents and start the underwriting process.
STEP 5
Final Mortgage Approval
The expert team verifies all documents and completes underwriting for final loan approval.
STEP 6
Closing the Deal
Complete the final steps to close your mortgage and secure your new home.
STEP 7
Post Purchase
Truvion’s team monitors your mortgage and helps you achieve future financial goals.
Purchase Loan Options
When buying a home or investment property, Truvion offers a range of loan options tailored to fit your specific needs and financial situation. Here’s an overview of the key purchase loan types available:
Product
Description
30-Year Fixed-Rate Mortgage
Long-Term Stability with Predictable Payments
This is the most common mortgage option, providing a fixed interest rate and consistent monthly payments over a 30-year term. It’s ideal for buyers looking for long-term stability and manageable monthly payments.
15-Year Fixed-Rate Mortgage
Pay Off Your Home Faster
A 15-year fixed-rate mortgage offers a lower interest rate and allows you to pay off your home in half the time. This option is great for buyers who want to build equity quickly and save on interest over the life of the loan.
HomeReady Mortgage
Flexible Options for First-Time Homebuyers
Designed for low- to moderate-income buyers, HomeReady offers lower down payment options and flexible underwriting requirements. It’s perfect for first-time homebuyers or those with limited savings.
Home Possible Mortgage
Affordable Homeownership for Low-Income Buyers
Similar to HomeReady, the Home Possible mortgage caters to low- and moderate-income borrowers. It offers low down payment requirements and flexible credit guidelines, making homeownership more accessible.
FHA Loan
Government-Backed Support for Homebuyers
FHA loans are insured by the Federal Housing Administration and are ideal for first-time homebuyers or those with less-than-perfect credit. They require lower down payments and offer flexible qualification requirements.
VA Loan
Exclusive Benefits for Veterans and Active Military
VA loans are available to veterans, active-duty service members, and their families. They offer competitive interest rates, no down payment, and no private mortgage insurance (PMI), making them a top choice for eligible borrowers.
Jumbo Loan
Financing for High-Value Homes
Jumbo loans are designed for properties that exceed conventional loan limits. If you’re purchasing a luxury home or a property in a high-cost area, a jumbo loan provides the necessary financing with competitive terms.
Adjustable Rate Mortgage (ARM)
Initial Savings with Flexible Rates
An ARM offers a lower fixed interest rate for an initial period, followed by adjustments based on market conditions. It’s ideal for buyers who plan to sell or refinance within a few years, taking advantage of lower initial payments.
Non-QM Loan
Flexible Financing for Unique Situations
Non-QM (Non-Qualified Mortgage) loans cater to buyers who may not meet traditional lending standards. They offer flexible underwriting guidelines, making them suitable for self-employed individuals, investors, or those with complex income situations.
USDA Loan
100% Financing for Rural Homes
USDA loans are backed by the U.S. Department of Agriculture and offer zero down payment options for homes in eligible rural and suburban areas. They’re perfect for buyers looking to live outside of urban centers.
View Complete Truvion Mortgage Loan Options
Why Choose Truvion
Personalized service, expert advice, and the best rates to help you achieve your homeownership dreams.
Personalized Financing Solutions
Our expert team crafts the best financing options that align with your goals and budget.
Unbeatable Rates and Reliable Service
As a valued Truvion client, you’ll receive the most competitive rates and exceptional service.
Work with Experts Who Understand Your Needs
Partner with a team that offers customized financing options tailored to your unique situation.
Have Questions?
We have answers. Check out our Frequently Asked Questions.
How much can I afford to borrow for a mortgage?
Your borrowing capacity depends on various factors, including your income, debts, down payment, and credit score. A general rule of thumb is that your monthly mortgage payment should not exceed 28-30% of your gross monthly income. Use Truvion’s mortgage affordability calculator to get a personalized estimate.
What is the difference between pre-qualification and pre-approval?
Pre-qualification is an initial estimate of how much you might be able to borrow based on self-reported financial information. Pre-approval is a more thorough process where the lender verifies your financial information and provides a conditional commitment to lend you a specific amount.
What is the minimum down payment required?
The minimum down payment depends on the type of loan. For conventional loans, it's typically 3% to 20% of the home’s purchase price. FHA loans may require as little as 3.5%, while VA and USDA loans might not require any down payment at all. For more information and see the types of loans that Truvion offers, you can visit our Mortgage Product page. To determine your eligibility and decide that is the best option for you, we recommend that you talk to a Truvion expert.
What is Private Mortgage Insurance (PMI), and when is it required?
PMI is insurance that protects the lender if you default on your mortgage. It's usually required for conventional loans when your down payment is less than 20% of the home's purchase price. Once you build up enough equity in your home, you can request to have PMI removed.
How does Truvion determine my mortgage interest rate?
Your interest rate is determined by several factors, including your credit score, the loan amount, loan term, type of mortgage, and current market conditions. Higher credit scores and larger down payments typically result in lower interest rates.
What are closing costs, and how much should I expect to pay?
Closing costs are fees and expenses you pay when finalizing your mortgage, including appraisal fees, title insurance, and attorney fees. They typically range from 2% to 5% of the loan amount. At Truvion, we provide a detailed estimate of your closing costs early in the process so you can plan accordingly.
Wondering what’s best for you? Ask us! We’ve helped hundreds of clients finance their homes.
Fill out our quick form, and we’ll get back to you ASAP, or call us (877) 778-5887 to speak directly with a loan officer for personalized support.