Texas Trust Home Loans Mortgage Review 2023
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At a glance

Texas Trust Home Loans is good for borrowers who want to avoid fees and close quickly.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Star ranking and total number reflects the lifetime customer reviews received while this lender has been an advertiser on Bankrate.
To help serve you with relevant information, the customer reviews shown are limited to only those that this advertiser has received during the past 12 months.
Loans offered
Conventional, jumbo, FHA (currently suspended), fixed-rate, adjustable-rate; rate-and-term and cash-out refinancing; home equity loan; investment property
Min. credit score required
620 for conventional loans, 700 for jumbo loans, 580 for FHA loans
Nationwide availability
Available in Colorado, Florida, New Jersey, North Carolina, Texas, Virginia and Washington
Recent customer reviews
The customer reviews posted on Bankrate.com ("Bankrate") are individual, subjective opinions of reviewers, and not of Bankrate. Bankrate does not endorse any of the opinions expressed by reviewers or any responses to reviews. Bankrate cannot guarantee or verify the accuracy of the opinions shared by individual reviewers, and reserves the right to reject or remove any review, at any time, for any reason at Bankrate’s sole discretion, including but not limited to those that Bankrate deems inappropriate, fraudulent, invalid, irrelevant, or otherwise outside the parameters of the Bankrate Review Guidelines, the Privacy Policy, or the Terms of Use.
At a glance

4.8
Bankrate Score
Loans offered
Conventional, jumbo, FHA (currently suspended), fixed-rate, adjustable-rate; rate-and-term and cash-out refinancing; home equity loan; investment property
Nationwide Availability
Available in Colorado, Florida, New Jersey, North Carolina, Texas, Virginia and Washington
Min. credit score required
620 for conventional loans, 700 for jumbo loans, 580 for FHA loans
Texas Trust Home Loans overview
Pros and cons of Texas Trust Home Loans
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Currently does not charge lender fees
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Closes purchases in an average of 23 days
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Rates and closing cost estimates published online
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No VA or USDA loans
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Only available in some states
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Charges “worst-case pricing” and a higher interest rate if you want to change loan programs after locking your rate
Our Editor’s Take on Texas Trust Home Loans
Texas Trust Home Loans is good for borrowers who want to avoid fees and close quickly.
Breakdown of Texas Trust Home Loans overall review score
- Affordability: 5/5
- Availability: 5/5
- Borrower experience: 4.3/5
Loan types
- Conventional
- Jumbo
- FHA (Currently suspended)
- Fixed-rate
- Adjustable-rate
- Rate-and-term and cash-out refinancing
- Home equity loan
- Investment property
Lender fees
Texas Trust Home Loans does not charge origination fees or underwriting fees. One upfront payment you’ll need to pay is the non-refundable fee for an appraisal, which runs between $450 and $1,200.
Rates
Texas Trust Home Loans displays mortgage rates online and updates them daily, as well as displays closing cost estimates. All of this information is available without needing to share your personal information.
The lender offers a wide range of rate options that include paying a higher rate in exchange for lower closing costs and vice versa. After you complete a loan application, you can lock in your rate for 30 days or 45 days for no additional charge. There is also a rate float-down policy, which allows you to qualify for a lower interest rate if your new rate is at least 0.375 percent lower.
Be sure you know which type of loan program you want before locking your rate, though. If you decide to make changes, you’ll pay a penalty: an interest rate that is 0.125 percent higher.
Online services
Texas Trust Home Loans’ rate comparison tool, which is based on your down payment, credit score and a few other details, is one of the most convenient tools Bankrate has seen in the home loan landscape — especially because you can do it without sharing your name and email address.
If you’re ready to move forward with a loan, the lender offers a streamlined digital experience, utilizing e-sign technology, electronic delivery of disclosures, electronic uploading of personal documentation and a portal that allows you to track the status of your application.
Minimum borrower requirements
You’ll need a minimum credit score of 620 to qualify for a mortgage through Texas Trust Home Loans and a debt-to-income (DTI) ratio of no higher than 50 percent. The lender typically does not consider alternative credit data, such as your rent payment history, in underwriting.
Refinancing with Texas Trust Home Loans
With Texas Trust Home Loans, you can refinance your current mortgage, take cash out (maximum loan-to-value, or LTV, ratio of 80 percent) or consolidate other debts. You can use the lender’s rate tool to compare different options with closing costs and lender credits.
Not sure if Texas Trust Home Loans is right for you? Consider these alternatives
- LowRates.com mortgage review: More widely available and a fast closing process
- Better.com mortgage review: No lender fees and similar credit score requirements
- Lower mortgage review: Also publishes rates online, but charges lender fees
- Direct Lending reviews: Five-star reviews from more than 120 past customers
- Direct Home Lending review: Also has exceptional customer reviews on Bankrate
Methodology
Bankrate’s expert editorial team collects lender information through a variety of methods. We contact lenders directly, and we also turn to regulatory filings and to assessments by third parties. Our research takes into account three main factors – affordability, availability and borrower experience.
Bankrate’s reporters and editors have decades of experience covering the mortgage industry. They’re skilled at gathering information through interviews and by scouring regulatory filings. Bankrate evaluates more than 85 lenders for factors relating to affordability, availability and customer experience, assigning each a Bankrate Score out of five stars. Here’s how we assess each of the categories:
- Affordability. Loan cost is a deciding factor for many borrowers. We look at two metrics: 1) a lender’s lowest advertised annual percentage rate (APR) based on Bankrate’s sample scenario, which assumes a 740 or higher credit score and a 20 percent down payment, among other factors and 2) established-customer discounts or incentive pricing, when applicable.
- Availability. Another factor is how quickly your loan application will be approved, and how many loan programs the lender offers. So we evaluate approval and closing timelines and diversity of loan products.
- Customer experience. Finally, we delve into what it’s like to deal with the lender as a consumer. We look at the lender’s application process and availability of customer service support. We also consider the results of J.D. Power’s 2022 Mortgage Origination Satisfaction Survey.
Bankrate’s editorial team confirms the accuracy of data at the time of publication. Our team is dedicated to maintaining the timeliness of information – the mortgage industry is changing constantly, so we regularly revisit these reviews to update them.
Bankrate’s methodology page spells out our rating process in greater detail.
Texas Trust Home Loans customer ratings and reviews

5.0
574 ratings
This lender has 0 reviews.
100% of customers would recommend this lender.