We compare mortgage interest rate and loan related closing costs at TruHome Solutions LLC with other lenders for mortgages with similar borrower characteristics:
Interest Rate: similar to average (-0.02%)
Loan Related Closing Costs: similar to average (+$103)
Assessment: this lender tends to be a average cost lender.
This scoreboard is based on data reported to FFIEC. In the data, TruHome Solutions LLC originated 262 mortgages, a national market share of 0.0%. It was most active in KS (0.0% market share), SC (0.0% market share), and MO (0.0% market share).
On average, TruHome Solutions LLC’s interest rates were similar to those of comparable mortgages at other lenders (-0.02%).1The comparable mortgages control for TruHome Solutions LLC’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages. Its average total loan related closing cost was $6270, which was similar to those of comparable mortgages at $6168, with a difference of +$103. Overall, we estimate that TruHome Solutions LLC tends to be an average cost lender, with a cost-adjusted-rate difference of -0.01% compared to comparable mortgages at other lenders.2Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate. Nevertheless, we recommend comparing your rate and fees with at least a few other lenders before signing with TruHome Solutions LLC.
TruHome Solutions LLC originated Conforming and FHA mortgages for new home purchases. We breakdown its interest rate and total loan related closing cost on by each of the mortgage types it originated below:
Home Purchase Mortgages from TruHome Solutions LLC compared to other lenders
|Interest Rate Difference||+0.13%||-0.08%|
|Loan related Closing Cost Difference||+$482||-$62|
|Cost Adjusted Rate Difference||+0.17%||-0.08%|
Based on the table above, TruHome Solutions LLC is cheap for FHA purchase mortgages. It is more expensive than other lenders for Conforming purchase mortgages.
Other information about TruHome Solutions LLC:
Regulator: United States Department of Housing and Urban Development (HUD)
Registered city and state: LENEXA, KS, 66219