Loan pre-approval can be given in a matter of minutes either over the phone or in person. Your Loan Specialist will walk you through the pre-approval process by asking you information on your income, assets, credit and what your goals are in buying a home. Based on this information you will be given a pre-approval that will allow you to place an offer on a new home.

Last two years W2's Statements Last two 2 Years Tax returns if Self Employed or Commission Most recent month of pay stubs Social Security Awards Letter (if applicable) Pension Awards Letter (if applicable) 2 months bank statements (PDF E-Statements) Divorce decree (if applicable) Rental Payment History (if applicable) Social Security Card Drivers License or other identification ** Additional information may be required depending on program.

The industry average is around 30 days to close a loan. The mortgage process with Truth Mortgage typically takes around 15-20 days for most loans however times may vary based on loan programs. If you are in a time crunch be sure to speak with your loan professional about options to close your loan quickly! Our personalized loans may allow options to have a quick closing and save your purchase agreement from expiration.

Truth Mortgage services areas all over Michigan. If you own a property or wish to own a home in Michigan, we can help!

Truth Mortgage offers hundreds of different loan types. The most common loan types we see are Conventional, FHA, and VA loans.

After applying with Truth Mortgage and getting approved, we will order an appraisal (if one is needed) on your behalf so you don't have to do any extra work! 

By law, appraisers must be an independent third party not affiliated with you or your mortgage company. 

Finding a good Realtor can be a challenging task, but don't worry, we've got you covered. Simply let one of our licensed loan specialists know that you are looking for an agent and we will help connect you to one in your area!

Buying "too much house" can quickly turn your home into a liability instead of an asset. That' why its important to know what you can afford before you even start looking at homes with your real estate agent. Having a conversation with your loan officer will allow you to figure our exactly what payment you are comfortable with.

Down payments can range from a variety of requirements. Saving for a big down payment takes a lot of hard work and patience, and sometimes it simply isn't feasibly. Some programs will have you put as much as 20% down while others can be as low as 0% down. Its important to think about what you are comfortable paying before making any decisions. However, one of our licensed professionals can help in advising on this situation.

Mortgage rates fluctuate on a daily basis, sometimes multiple times a day. Just like the stock market, it is impossible to time your home purchase to the lowest rate. Simply put, locking a rate ensures that your rate cannot change once you choose it. When a rate is unlocked it is referred to as "Floating." Floating rates will change on a daily basis until they are locked. Locking a rate will cost you nothing and provides security to know that what we agree on is what we will close on.

The escrow portion of your payment will go towards your property taxes and home-owner's insurance. Your mortgage may have an escrow account that will pay out your taxes and HOI premiums on time so you will never fall behind on them. Some loan programs may allow you to opt out of the escrow account and pay the balances on your own. every year your lender will conduct an 'escrow analysis' to ensure that your taxes and HOI payments are correct.

As a supporter of Veterans, Truth Mortgage offers many benefits and programs through the VA. Let us know if you are a veteran and you may qualify for benefits such as a 0% down payment and lower interest rates!