Please note: In response to the coronavirus pandemic, lenders are changing their requirements continuously. Although we strive for accuracy at the time of publication, please be sure to check with the lender for updated details on down payments, credit scores, etc.
Based in Dallas, Trust Home Loans is an online mortgage lender affiliated with American Heritage Capital. It offers conventional, jumbo and FHA loans as well as refinancing options.
To get started, borrowers complete a short online form and are able to review real-time mortgage rates without having to create an account or share personal contact information. To view products and rates, borrowers answer a few questions about property location, down payment amount and credit score. The application process should take between 15 and 30 minutes.
There are no application fees, but if a borrower decides to go with another lender after locking in their mortgage rate, they may be charged a cancellation fee. Borrowers work with a single loan officer, but Texas Trust Home Loans employs a team-based approach which ensures that customers are always able to connect with someone. Borrowers usually close within 24 days for a home purchase and within 27 days for a refinance.
According to Nash Prasal, CEO of Texas Trust Home Loans, borrowers are able to see “virtually everything” on the website and review rates that are 100-percent accurate at the time of inquiry. The online lender also prides itself on having a transparent process so that borrowers are never surprised by hidden or additional fees.