Total Mortgage Services Reviews

Disclosures from Total Mortgage Services indicate that its rates for 30-year fixed-rate mortgages range from 5.75% to 6.625% as of the time of publishing. For reference, the national average 30-year fixed-rate mortgage is 6.46%, according to Freddie Mac.

Total Mortgage Services publishes its current rates for loans on its website. For the most accurate rates based on your individual situation, contact Total Mortgage Services or get prequalified on its website.

Mortgage rates vary based on your credit history, the type of loan, the loan amount, your down payment and the loan term.

Total Mortgage Services offers a variety of mortgage products, including:

• FHA
• VA
• HELOC
• Jumbo
• USDA

Total Mortgage Services loan maximum

The maximum loan you can get with Total Mortgage Services depends on the type of loan you apply for and your financial qualifications. In general, the maximum loan you can get through Total Mortgage Services is $5 million through a jumbo loan.

In most of the country, conforming loan limits in 2024 are $766,550 for single-unit properties. In Alaska and Hawaii, the limit is $1,149,825. Limits in high-cost counties in the other 48 states can be above $766,550 but are never higher than $1,149,825.

Below are the basic requirements borrowers must meet to take out a loan with Total Mortgage Services.

Total Mortgage Services minimum credit score

The minimum credit score requirement for a loan from Total Mortgage Services depends on the type of loan you apply for:

• 580 for a FHA loan
• 620 for a VA loan
• 700 for a HELOC loan
• 620 for a jumbo loan
• 680 for a USDA loan

Even if you can’t meet these credit score requirements, you might be able to apply for a nonqualified mortgage through another lender. Note that this will likely result in a higher interest rate.

Total Mortgage Services minimum down payment

The minimum down payment for Total Mortgage Services depends on the loan type:

• 3.50% for a FHA loan
• 0% for a VA loan
• 0% for a HELOC loan
• 10% for a jumbo loan
• 0% for a USDA loan

Conventional loans typically require a higher credit score and down payment than you need for a government-backed mortgage, but individual cases may differ.

Total Mortgage Services maximum debt-to-income ratio

Total Mortgage Services recommends that all borrowers have a debt-to-income (DTI) ratio of no more than 43%. Total Mortgage Services’ maximum DTI ratio depends on the loan type and your financial situation.

For reference, most lenders issue conventional loans to those with a DTI ratio below 36%, but some mortgage lenders and loan types allow for a DTI ratio of up to 45%. Some FHA-insured loans may even allow for a DTI ratio of up to 50%.

Total Mortgage Services’ application can be completed online, by phone or in person. Be prepared to provide information about your income and assets so that Total Mortgage Services can determine how much you can borrow.

Total Mortgage Services application features

» LEARN: How to get a mortgage

You can expect to pay from 0.5% to 1% of the loan in origination fees as part of your closing costs with Total Mortgage Services. This fee can vary, but we recommend that you plan to spend between 2% and 5% of your loan amount in closing costs on top of your down payment.