Home Ownership Many Ways
We’re here for you, every step of the way.
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Fixed-Rate Home Loan
Why a Fixed-Rate is For You
Surprises are nice but our no-surprise, fixed-rate mortgages are too. With a TruWest fixed-rate mortgage, you can take comfort in knowing your interest rate will always stay the same. When you’re ready to purchase a brand new home or refinance an existing home, our friendly and knowledgeable mortgage loan originators are available to answer your questions and guide you every step of the way.
- No origination fees
- Customized rate quote
- Competitive, low rates
- 15-year, 30-year rate terms available
Adjustable-Rate Home Loan
Adjustable-Rate Mortgage (ARM)
ARMs offer lower rates, at times, and are now more secure than ever before for TruWest members.
Make the Informed Choice
Many ARMs will start at a lower interest rate than fixed rate mortgages and may be ideal for shorter-term home ownership. This initial rate may stay the same for months or years.
- No prepayment penalties
- Terms available: 5-, 7- and 10-years
- Capped interest rates
- Lower monthly payments
0% Down Home Loan
VA (Veterans Affairs) Mortgage Loan
The Home Loan for Our TruWest Veterans2
- 0% down
- Fixed-rate mortgages with 30- and 15-year financing terms available
- Adjustable-rate mortgages (ARM) with 5/1 financing term available, up to VA limits
- No monthly mortgage insurance premiums
- Surviving spouses eligible
3%-5% Down Home Loan
3% Down HomeReady® by Fannie Mae® (FNMA) Loan
The ideal loan for creditworthy low- to moderate income borrowers, with expanded eligibility for financing homes in low-income communities.
- Down payment options available for as low as 3% down3
- Fixed-rate mortgages with 30- and 15-year financing terms available
- Reduced Private Mortgage Insurance (PMI)
- For loans up to $766,550
3.5% Federal Housing Administration (FHA) Loan
FHA loans support you in getting into the home of your choice with a smaller amount down with the inclusion of additional mortgage insurance, which can drop off over time with refinancing.
- Fixed-rate and adjustable-rate mortgage options are available
- Gift funds allowed for down payment4
- FHA mortgage loan amount limits apply
5% Down Conventional FNMA Home Loan
An affordable and balanced way to ensure you get the home you desire.
- Fixed-rate mortgages with 30- and 15-year financing terms available
- Private Mortgage Insurance may be required
- For loans up to $766,550
5%-20% Down Home Loan
Why a Fixed-Rate is For You
If you’ve saved greater than 5% and less than 20% for a down payment on a new home, this is a great mortgage option.
- Fixed-rate mortgage with 15- and 30-year financing terms available
- Lower Private Mortgage Insurance premium than a 3-5% down loan
- For loans up to $766,550
Home Loan Down Payment Assistance
Workforce Initiative Subsidy for Homeownership (WISH) program offered to first-time TruWest borrowers with 4-to-1 matching options toward a down payment and closing costs.5
Requirements for WISH Borrowers
The ideal loan for creditworthy low- to moderate income borrowers, with expanded eligibility for financing homes in low-income communities.
- Property must be located in Arizona or Texas
- Complete a homeownership counseling course
- Must meet annual income eligibility guidelines in Arizona or Texas, where the property is located6
- Open escrow on home purchase prior to March 31, 2025
- Must meet required credit qualifications for a TruWest loan7
- 4-to-1 matching grant; up to $30,800 maximum5
- No payback of grant if homebuyer stays in home for 5 years8
Other Home Loan Options
Investment Property Home Loans
TruWest mortgage experts will guide you through the entire purchase process for your investment property from application to close.
- Down payment options available as low as 25%9
- Fixed-rate mortgage with 15- and 30-year financing terms available
- For loans up to $766,550
Medical Professional Home Loans
TruWest supports the unique needs of medical professionals10 in search to find the home of their dreams.11
- Available for existing medical doctors, dentists, and dental surgeons who are actively practicing10
- Available for newly licensed medical students/residents about to begin a new career within 60 days of closing10
- Single Family Residence only
Home Loan Resources
Disclosures
1ARM=adjustable-rate mortgage.
2Subject to credit approval. Down payment percentage is calculated as the difference between the lesser of the purchase price or appraised value of the home and loan amount. Only for primary residences with 15- or 30-year fixed-rate term.
3On approved credit.
4Restrictions apply.
5Must qualify. Subject to credit approval, program availability, terms and conditions. Restrictions apply. Limited time and while supplies last. Down payment percentage is calculated as the difference between the lesser of the purchase price or appraised value of the home and loan amount. Grant amount dependent on borrower contribution. Maximum match amount of $30,806, amount shown above has been rounded. Enrollment in the WISH Program is not a guarantee to the homebuyer of receipt of funds. The grant recipients must sign a Promissory Note, Deed of Trust and Rider to the Deed of Trust and there will be a lien placed against the subject property for the amount of the grant that will remain on the property for five years.
6Annual income limit is combined household annual income. Annual income is determined at the time of enrollment in the WISH Program, and based on income eligibility guidelines published by Federal Home Loan Bank of San Francisco and is at or below 80% of the HUD area median income.
7Must qualify as a TruWest member with a minimum $5 membership deposit and continuing balance. All loans are subject to application, approval, credit and product/program terms and conditions. Programs, rates, restrictions, terms and conditions are subject to change without notice. Other restrictions may apply. This is not an offer for extension of credit or a commitment to lend. Not all applicants will qualify. This is an advertisement.
8The amount owed will decrease by 20% for each year the borrower retains homeownership of the property as their primary residence. No payments toward the grant are due as long as the homebuyer resides in the property and abides by the terms of the grant and the loan. The grant must be paid back if the property is sold or refinanced. After five (5) years, the grant is forgiven and the lien is released from the property.
9Subject to credit approval. Down payment percentage is calculated as the difference between the lesser of the purchase price or appraised value of the home and loan amount. Only for primary residences with 15- or 30-year fixed-rate term.
10Eligible individual include medical residents, existing or newly licensed Physician Assistants (PA), Nurse Practitioner (DNP), Nurse Anesthetist (CRNA), Medical Doctor (MD), Doctor of Dental Science (DDS), Doctor of Dental Medicine (DMD), who are currently employed, in residency or fellowship, or newly licensed medical students who will begin their new employment/residency within 60 days of closing. Benefit is non-transferable; eligible individual must qualify as a borrower. Restrictions apply.
11Must qualify as a TruWest member. Financing solutions not available in AK, HI, LA, SC, VT, and WI. Condominium financing not available in NY and with restrictions in certain areas in FL. All loans subject to application and approval. Other restrictions may apply. Programs, rates, restrictions, terms and conditions are subject to change without notice.
