How TruePath Mortgage Increases Homeownership Opportunities

The path to homeownership is full of obstacles. Twin Cities Habitat for Humanity helps make those obstacles easier to navigate, and TruePath Mortgage helps first-time homebuyers secure a home they love with a mortgage payment they can afford.

What is TruePath Mortgage?

TruePath Mortgage, offered through TCHFH Lending, Inc., a nonprofit mortgage subsidiary of Twin Cities Habitat for Humanity, is a mortgage loan option available to homeowners across the Twin Cities metro area.

Betsy Mills, Director of Lending at TCHFH Lending, Inc., explains that TruePath Mortgage is built for buyers ready to buy a home but still running into problems with regular lenders—like not having enough saved for a down payment or not having a long credit history.

TruePath competes with regular home loans and gives qualified buyers a faster, more affordable way to make an offer. TruePath also helps Realtors® show their Twin Cities clients more ways to buy a home.

Why Choose TruePath Mortgage?

With a low fixed interest rate, down payment assistance, ongoing support, and more, TruePath Mortgage offers an ideal loan solution for first-time homebuyers. Here are a few features of the TruePath Mortgage product:

• A 30-year term with a low fixed interest rate
• Payments set at 30% of borrower income to be affordable for buyers
• No down payment required, with down payment assistance available if one is needed to make the purchase affordable
• No mortgage insurance
• Closing costs assistance and more financial assistance overall

Review the application requirements here to find out if TruePath Mortgage is right for you or your client.

Why Now?

Homebuyers in the Twin Cities are up against a tough market. Rents keep climbing, the number of homes for sale hasn’t kept pace with demand, and for many first-time buyers, saving enough for a down payment while also paying rent feels almost impossible. This gap between what people earn and what homes cost is one of the biggest barriers to homeownership in the metro area today.

TruePath Mortgage gives qualified buyers a real, competitive way to finance a home without relying on family gifts, large savings, or a perfect credit history.

"The market for home buying in the Twin Cities is very competitive and isn't slowing down," says Robyn Bipes-Timm, President of TCHFH Lending, Inc. "We designed TruePath Mortgage to help first-time homebuyers get a leg up on the competition. With TruePath, there is a reliable brand behind your pre-approval letter that sellers can trust, and you have a loan you can afford."

TruePath Mortgage can be used toward the purchase of any home on the open market, not just homes built by Twin Cities Habitat. That means first-time homebuyers can expand their search to find a home anywhere in the metro area within their budget.

When homebuyers choose TruePath Mortgage, they get the trusted support of Twin Cities Habitat for Humanity. Since 1985, more than 1,500 homebuyers have partnered with Twin Cities Habitat to achieve homeownership for the first time.

If you're a first-time homebuyer, consider choosing TruePath Mortgage to unlock your potential to own a home. Find out if you’re eligible.