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Mortgage Products

Smart mortgage financing, close to home.

Buying a new home, second home or investment property is one of the biggest financial investments you'll ever make. At TruStone Financial Credit Union Home Mortgage, we're here to guide you every step of the way and offer mortgage solutions to fit your needs in Minnesota and Wisconsin.

Find the mortgage refinancing option that works for you.

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**PLEASE SELECT A CATEGORY TO SEE OUR MORTGAGE PRODUCTS**
 

HOME READY PROGRAM (MN, WI, FL, AZ)


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 (MN, WI, FL, AZ)

 
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 home loan, this popular option may be for you. This fixed-rate option is available on amounts up to $647,200 according to Fannie Mae underwriting guidelines.
 

ALTERNATIVE LENDING OPTIONS (MN, WI, FL, AZ)


Designed for homebuyers with a lower credit score and a less than perfect financial past, these mortgage 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 home financing needs.

HOME READY PROGRAM (MN, WI, FL, AZ)

 

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 (MN, WI, FL, AZ)

 

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 home loan, this popular option may be for you. This fixed-rate option is available on amounts up to $647,200 according to Fannie Mae underwriting guidelines.

 

FEDERAL HOUSING ADMINISTRATION (FHA) LOAN (MN, WI, FL, AZ)

 

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 (MN, WI, FL, AZ)

 

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 (MN, WI)

 

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 home loan programs are available, so just call us for details.

 

START UP FOR FIRST-TIME HOMEBUYERS (MN)

 

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 thishome  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.

 

ALTERNATIVE LENDING OPTIONS (MN, WI, FL, AZ)

 

Designed for homebuyers with a lower credit score and a less than perfect financial past, these mortgage 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 home financing needs.

 

PORTFOLIO 5-1 ADJUSTABLE RATE MORTGAGE (ARM) - CONFORMING (MN,WI)

 

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 interest rate and payment stay the same for the first five years, then adjust annually. You can get into this home loan product with as little as 3% down. The loan rate is typically lower than a traditional 30-year-fixed mortgage and held by TruStone Financial.

 

PORTFOLIO 5-1 ADJUSTABLE RATE MORTGAGE (ARM) – NON-CONFORMING (MN,WI)

 

The non-conforming 5/1 ARM product features similar benefits to the conforming product. This mortgage loan is available for borrowers who do not meet the Fannie Mae underwriting guidelines but do qualify for TruStone Financial underwriting standards.

 

PORTFOLIO 7-1 ADJUSTABLE RATE MORTGAGE (ARM) - CONFORMING (MN,WI)

 

This product is ideal for borrowers with good credit, who plan to sell or refinance their property in less than seven years and meet the Fannie Mae underwriting guidelines. The conforming 7/1 ARM product allows a lower monthly payment where the interest rate and payment stay the same for the first seven years, then adjust annually.  The loan rate is typically lower than a traditional 30-year-fixed mortgage and held by TruStone Financial.

 

 

ALTERNATIVE LENDING OPTIONS (MN, WI, FL, AZ)

 

Designed for homebuyers with a lower credit score and a less than perfect financial past, these mortgage 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 home financing needs.

FEDERAL HOUSING ADMINISTRATION (FHA) LOAN (MN, WI, FL, AZ)

 

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 (MN, WI, FL, AZ)

 

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 (MN,WI)

 

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 home loan programs are available, so just call us for details.

 

START UP FOR FIRST-TIME HOMEBUYERS (MN)

 

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 home 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 (MN)


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 mortgage loan option. This product is only available to buyers in the Minnesota market. For income limit information, visit the Minnesota Housing Finance Agency website.

 

CONVENTIONAL FIXED-RATE MORTGAGE (MN)

 

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 home loan, this popular option may be for you. This fixed-rate option is available on amounts up to $647,200 according to Fannie Mae underwriting guidelines.

 

FEDERAL HOUSING ADMINISTRATION (FHA) LOAN (MN)

 

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 (MN)

 

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 (MN,WI)

 

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 home loan programs are available, so just call us for details.

 

CONSTRUCTION LOAN (MN)

 

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.

 

ALTERNATIVE LENDING OPTIONS (MN)

 

Designed for homebuyers with a lower credit score and a less than perfect financial past, these mortgage 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 home financing needs.

JUMBO ARM (MN, WI)

 

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. This loan is available for borrowers who do not meet the conventional underwriting guidelines but do qualify for TruStone Financial underwriting standards.

HOME READY PROGRAM (MN, WI, FL, AZ)

 

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 (MN, WI, FL, AZ)

 

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 home loan, this popular option may be for you. This fixed-rate option is available on amounts up to $647,200 according to Fannie Mae underwriting guidelines.

 

JUMBO ARM (MN, WI)

 

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. This loan is available for borrowers who do not meet the conventional underwriting guidelines but do qualify for TruStone Financial underwriting standards.

 

FEDERAL HOUSING ADMINISTRATION (FHA) LOAN (MN, WI, FL, AZ)

 

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 ( MN, WI, FL, AZ)

 

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 (MN, WI)

 

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 home loan programs are available, so just call us for details.

 

CONSTRUCTION LOAN (MN)

 

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 (MN)

 

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  home 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 (MN)

 

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 mortgage loan option. 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 (MN, WI)

 

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 interest rate and payment stay the same for the first five years, then adjust annually. You can get into this home loan product with as little as 3% down. The loan rate is typically lower than a traditional 30-year-fixed mortgage and held by TruStone Financial.

 

PORTFOLIO 5-1 ADJUSTABLE RATE MORTGAGE (ARM) – NON-CONFORMING (MN, WI)

 

The non-conforming 5/1 ARM product features similar benefits to the conforming product. This mortgage loan is available for borrowers who do not meet the Fannie Mae underwriting guidelines but do qualify for TruStone Financial underwriting standards.

 

PORTFOLIO 7-1 ADJUSTABLE RATE MORTGAGE (ARM) - CONFORMING (MN, WI)

 

This product is ideal for borrowers with good credit, who plan to sell or refinance their property in less than seven years and meet the Fannie Mae underwriting guidelines. The conforming 7/1 ARM product allows a lower monthly payment where the interest rate and payment stay the same for the first seven years, then adjust annually.  The loan rate is typically lower than a traditional 30-year-fixed mortgage and held by TruStone Financial.

 

ALTERNATIVE LENDING OPTIONS (MN, WI, FL, AZ)

 

Designed for homebuyers with a lower credit score and a less than perfect financial past, these mortgage 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 home financing needs.

 

Contact Us For Guidance


Not sure which loan option to choose? That's where our mortgage experts come in! Contact us or call (763) 595-4010 or (844) 346-4483, or Wisconsin (844) 346-4484 and we'll simplify the loan selection process for you.