Mortgage


After years of historically low rates, we are beginning to see mortgage rates climb – slowing but surely. If you are considering buying a home in the near future, the time is NOW!!

Conventional Fixed Rate

These loans have a fixed rate and monthly payment for the full life of the loan, making it easier to budget. The rate on a conventional mortgage loan is generally higher than an adjustable rate mortgage.

  • Available in 10, 15, 20 or 30 year terms
  • 5.0% down with seller paying up to 3% of closing costs

 


Adjustable Rate

These loans usually start with a lower rate than fixed rate loans. We will inform you of how much the rate can be adjusted over the life of the loan, so you will know the maximum amount you would ever have to pay. If you anticipate moving in a few years or if you think interest rates will be going down, you may want to consider this type of loan.


VA

Loans that are guaranteed by the Veterans Administration. These loans provide 100% financing on the purchase of a home, and 90% for refinancing. Normal closing costs are required, but there is little to no down payment.


FHA

These loans require a relatively small down payment, and are insured through Federal Housing Administration.

  • Available in 10, 15, 20 or 30 year terms
  • 3.5% down with seller paying up to 6% of closing costs

Rural Development

Loans provided in designated rural counties or areas that provide 100% financing. These loans are limited by income of the borrower(s).

  • 10, 15, 20 or 30 year terms
  • 100% financing
  • Seller can pay up to 6% of closing costs
  • Available in certain areas

Apply For A Home Mortgage Loan Today!

Get the loan process started by applying here, or make an appointment to meet with one of our experienced mortgage loan specialists via email mortgages@truservice.net or by calling 501-225-3636 option 4.


Home Equity 

Home Equity Loans With TruService

You’ve worked hard to build equity in your home, so why not use it to buy a new car, take a dream vacation, or consolidate debt? You can even finance your child’s education. Get the money you need to do what you want!

  • 3, 5, 10 or 15 year fixed-rate terms
  • No appraisal needed if under $50,000
  • Up to 100% loan to value

Apply now , call us at 501-225-3636 option 4 or email us at mortgages@truservice.net. We want to be your local source for mortgage and home equity loans.