Smart Mortgage Financing,
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Buying a new home, second home or investment property is one of the biggest financial investments you'll ever make. At TruStone Home Mortgage, we're here to guide you every step of the way, and we offer mortgage purchase solutions to fit most every need.

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Conventional Fixed
Conventional Fixed
First Time Homebuyer
First Time Homebuyer
Portfolio Loan Programs
Portfolio Loan Programs
Gov’t Loan Programs
Gov’t Loan Programs
New Construction
New Construction
All Loans
All Loans

Home Ready Program

Designed for creditworthy low to moderate-income borrowers, HomeReady offers expanded eligibility for financing homes in low-income communities. HomeReady is available when purchasing or refinancing any single-family home, as long as the borrower meets the income limits of the property location.

Conventional Fixed-Rate Mortgage

If you plan to own the home for more than five years and need an interest rate and payment that stays the same for the life of the loan, this popular option may be for you. TruStone Home Mortgage offers fixed-rate options. These loans are underwritten according to Fannie Mae guidelines and available on amounts up to $417,000.

Jumbo ARM

If you need to finance a higher value property, TruStone Home Mortgage offers jumbo loans. Your rate and payment will stay the same for five years, then adjust annually. TruStone Home Mortgage Portfolio Jumbo ARMs are underwritten according to the guidelines of our parent company, TruStone Financial.

Federal Housing Administration (FHA) Loan

If you are a first-time home buyer who needs a lower down payment, have less than perfect credit or minimal equity in your current home, an FHA loan might be a good fit for you. These loans are insured by the FHA, require a 3.5% down payment and are subject to mortgage insurance premiums and other requirements.

Veterans Administration (VA) Loan

Qualifying veterans and surviving spouses may be eligible for these mortgages that require no down payment and no mortgage insurance. VA loans come with a fixed rate and terms. The VA guarantees a portion of the loan, which allows private lenders like TruStone Home Mortgage to offer more affordable terms.

United States Department of Agriculture (USDA) Loan

USDA loans are available to property buyers who meet certain eligibility requirements such as income and living in a designated rural area – with no down payment required. A variety of programs are available, so just call us for details.

Construction Loan

If you need a loan to finance a construction project, TruStone Home Mortgage can help. We would love to help you build your dream home from the ground up or get that gourmet kitchen you've been planning for years. Call us today for more information.

Start Up for First-Time Homebuyers

For first-time homebuyers looking for down payment and closing costs assistance options, affordable interest rates, possible reduction of mortgage insurance costs and more, the benefits of this loan might fit your needs perfectly. Available to first-time homebuyers with this product is only available to buyers in the Minnesota market. For income limit information, visit the Minnesota Housing Finance Agency website.

Step Up for Repeat Homebuyers and Homeowners

Ready to upgrade to that larger home to fit your growing needs? Get affordable interest rates, down payment and closing cost assistance options and more with this loan option. This product is only available to buyers in the Minnesota market. For income limit information, visit the Minnesota Housing Finance Agency website.

Down Payment and Closing Cost Assistance

If you are anxious to get into a new home, but looking for an easier way to cover additional expenses like a down payment and closing costs this loan option may be the right fit for you. Down payment and closing cost assistance loans are available for up to 5% of the purchase price. These loans have a 10-year term with monthly payments and an interest rate equal to the first mortgage rate. It must be used with Start Up, Step Up or MCC with First Mortgage. Loans go up to the greater of $5,000 or 5% of the purchase price or loan amount and are available in amounts up to $7,500.This product is only available to buyers in the Minnesota market. For income limit information, visit the Minnesota Housing Finance Agency website.

Portfolio 5-1 Adjustable Rate Mortgage (ARM) - Conforming

This product is ideal for borrowers with good credit, who plan to sell or refinance their property in less than five years and meet the Fannie Mae underwriting guidelines. The conforming 5/1 ARM product allows a lower monthly payment where the rate and payment stay the same for the first five years, then adjust annually. You can get into this product with as little as 3% down. The loan rate is lower than a traditional 30-year-fixed mortgage and held by TruStone Financial. 

Portfolio 5-1 Adjustable Rate Mortgage (ARM) – Non-Conforming

The non-conforming 5/1 ARM product features similar benefits to the conforming product. This loan is available for borrowers who do not meet the Fannie Mae underwriting guidelines but do qualify for TruStone Financial underwriting standards. Borrowers are still able to get this loan for a down payment as low as 3% and the loan is held by TruStone Financial. 

Alternative Lending Options

Designed for homebuyers with a lower credit score and a less than perfect financial past, these lending products help those who need alternative lending options. If you've been turned down at big banks due to their tight lending standards, an alternative lending mortgage product may be a good fit for your financial needs.


Not sure which loan option to choose? That's where our mortgage experts come in! Contact us or call 763.595.4010 and we'll simplify the loan selection process for you.