Mortgages

Truist Mortgage: how to apply

Learn how to apply for a mortgage with Truist. Enjoy multiple benefits from this lender. Simple and fast application! Apply today and start your homeownership journey.

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Truist Mortgage: ease of application and rate transparency

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Find out how to apply for the Truist Mortgage! Source: The Insider Advisor

A mortgage application might seem difficult. But we are here to help. This article will teach you how to apply for the Truist Mortgage in detail.

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Mortgage

Truist

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Simple and fast application process. Enjoy $500 to put toward closing costs.

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We’ve simplified the process so you can start your homeownership journey today!

Plus, Truist Mortgage offers a couple of great benefits to its customers. So keep reading to learn more.

How to apply on the website

Truist Mortgage is a lender that provides a great variety of home loans through almost all the U.S. states. Plus, it has an easy application process.

To apply for the Truist Mortgage, you’ll need to access the Truist website and go to the “Mortgage” page. Next, press the “Apply Now” button to get started.

You’ll access the first page of the application, which explains how the process will proceed. This lender delivers a very intuitive application process and offers full support for new borrowers.

The next step is to fill out the prequalification form. Firstly, they’ll ask for basic information about you and the home loan you intend to apply for.

Therefore, it includes your full name, email address, phone number, and home address. Also, what property type do you intend to purchase, and what is the estimated home value.

After completing your profile with all the requested information, check to make sure it is all correct and submit it.

After that, you’ll access multiple loan options with personalized interest rates. Compare your options to see which one is the best fit for your needs.

After choosing one, you can apply for that particular offer. If approved, you can upload and submit the requested documents online.

Also, a Truist loan officer will contact you and provide all the necessary support throughout the rest of your loan application.

The pre-approval process only takes 10 to 15 minutes. And the average closing time is 30 to 45 days.

Requirements

If you want to apply for Truist Mortgage, you must meet some requirements.

Therefore, this lender requires a minimum credit score of 620 for its applicants. Also, they’ll have to put down at least 3% of the property value to qualify for this lender.

Furthermore, borrowers must have a debt-to-income ratio (DTI) of no more than 50% for a conventional loan.

Apply on the mobile app

Borrowers cannot apply for the Truist mortgage through the website. Nevertheless, customers can enjoy an excellent mobile app that will help them track their mortgages.

The Truist Mobile is available for download on the Google Play Store and Apple Store.

This user-friendly app allows customers to check their application status, manage their accounts, and more.

Find other loan options: AmeriSave Mortgage

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Compare two lenders before applying for a mortgage. Source: Adobe Stock

If Truist Mortgage doesn’t seem the right fit for your needs, don’t worry. We have another great option ready for you.

Meet the AmeriSave Mortgage! This lender delivers various home loan products to its customers, including refinancing. Also, they provide transparent prices and structured fees.

Additionally, AmeriSave allows new applicants to prequalify without hurting their credit scores! Great, isn’t it?

Below, let’s compare both lenders’ details to see which is best for your needs!

Truist MortgageAmeriSave Mortgage
Credit Score620 or higher;At least 580;
Loans OfferedConventional, jumbo, FHA, VA, USDA, Doctor loan, constructions-to-permanent, rate-and-term, cash-out refinance, HELOC.Conventional, jumbo, FHA, VA, USDA, fixed-rate, adjustable-rate. Also, rate-and-term, cash-out, and streamline refinancing;
Minimum Down PaymentAs little as 3%;As low as 3%;
APRSee terms;See terms;
TermsUp to 30-year term.Up to 30 years.

Are you interested in learning more about AmeriSave Mortgage? Great! We have just what you need.

Read the following article and find out what this lender is all about. Learn how its application process works and the minimum qualification requirements! Let’s go.

AmeriSave Mortgage logo

AmeriSave Mortgage: how to apply

Learn how to apply for the AmeriSave Mortgage! Learn how to prequalify without a hard credit pull! Get personalized interest rates!

About the author  /  Beatriz Vieira

Beatriz Vieira is a producer and copywriter who is part of the finance writer team in this portal. She has a degree in Journalism and aims to improve her bilingual writing skills. Her subjects of most significant interest are culture, finances, and self-development.

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