The Right Loan Fit Starts with Informed Choices

These are home loans not insured or guaranteed by a government agency. They typically require higher credit scores and larger down payments compared to government-backed loans, often referred to as Fannie Mae or Freddie Mac loans.

Insured by the Federal Housing Administration, these loans are more accessible to borrowers with lower credit scores and smaller down payments.

Guaranteed by the Department of Veterans Affairs, these loans are available to eligible veterans, active-duty military members, and certain surviving spouses. They often offer favorable terms with no down payment requirement.

Backed by the U.S. Department of Agriculture, these loans assist homebuyers in rural areas with low to moderate incomes. They come with no down payment requirements.

Jumbo loans exceed the conventional loan limits set by Fannie Mae and Freddie Mac. They are used for higher-priced homes and often require larger down payments and higher credit scores.

These programs and loans are specifically designed to assist individuals purchasing their first home. They may offer lower down payment requirements and additional support.

These programs provide financial assistance to homebuyers to help cover the upfront costs of purchasing a home, including the down payment and closing costs.

Allows eligible homebuyers to receive a tax credit for a portion of their mortgage interest, providing financial benefits over the life of the loan.

These loans require a smaller initial down payment, making homeownership more accessible, particularly for individuals with limited funds for a down payment. While VA loans offer no down payment for veterans and USDA offer zero down for some buyers in rural areas, TruLoan offers 3%, 3.5%, and 5% down payment loans for nearly all buyers with a variety of loan programs.

Financing options that enable one spouse to buy out the other’s interest in a jointly-owned property during a divorce.

Loans designed for homes that are prefabricated and transported to a specific location. They include single and double wide manufactured homes. They may have different financing requirements than traditional site-built homes. Typically, modular homes, while factory built, qualify for standard site built loan standards.

Loans available to non- U.S. citizens with an Individual Taxpayer Identification Number (ITIN) rather than a Social Security Number.

Financing options for non-U.S. citizens looking to purchase property in the United States.

Loans designed for individuals who are not U.S. citizens but are legally present and authorized to work in the United States. TruLoan specializes in non-citizen lending.

Debt Service Coverage Ratio (DSCR) is a metric used by lenders to assess the ability of rental income to cover mortgage payments on an investment property. This loan type does not ask for the borrower’s job or income info and qualifies based on credit quality and the cash flow of the property being purchased.

Provide funding for home improvement projects. Home renovation loans allow you to finance renovations without tapping into your personal savings.

These loans verify income using bank statements rather than traditional income documentation, and are suitable for self-employed individuals with fluctuating and complicated taxable income.

A single loan that covers both the construction of a home and its permanent mortgage, streamlining the financing process for new construction.

A HELOC allows homeowners to borrow against the equity in their home as a line of credit for various purposes, such as home renovations, education, and debt consolidation. These loans allow the existing mortgage to remain in place and takes a second or subordinate lien position.