TRU Cash gray home with garage

TRU Cash

Our TRU Cash program can give you the edge you need to succeed in today's competitive market by submitting a fully-underwritten, all-cash offer backed by Bellco Home Loans.

Now available in AZ, CA, CO, FL, OR, TX, and WI!

Land your dream home with a competitive cash offer

  • Compete like a pro with cash.

  • Get your offer noticed with cash and move to the front of the pack.

  • All-cash offers, without all the headaches.

  • Submit the strongest offer possible - with the help of an offer backed by cash.

With upfront underwriting and an all-cash offer, TRU Cash can give you the edge you need to succeed

Harness the Power of Cash

Cash buyers are four times more likely to win bidding wars, and cash sales typically close faster than financed offers.

Get Fully Approved

With TRU Cash, you're fully approved - not just pre-approved - as your income, credit, and assets have been fully underwritten and approved by our underwriting team before you even make an offer.

Choose Your Team. Expand Your Possibilities.

You can work with any agent you choose. You can remove financing contingencies from the purchase contract, making your offers even more appealing to sellers.*

How the TRU Cash Process Works

The TRU Cash program isn't complicated, but it works a little differently than a traditional mortgage application process. Here's a quick overview:

  1. Complete an application and submit all required documents for a TRU Offer approval. This means you are fully income, credit, and asset underwritten and approved before submitting an offer on a home.

  2. Once approved, you can begin shopping for your new home.

  3. If you find a home and you (or your agent) determine that you need to present a cash-backed offer, your Loan Officer will submit a request for TRU Cash Approval.

  4. If approved, your agent will submit your non-finance contingent, cash-backed offer to the seller, including a TRU Cash Award Letter.

  5. Once your offer is accepted, you will begin the process of closing on your new home. You will order a home inspection report (and perhaps other reports) to ensure the condition of the property is acceptable to you.

  6. If your closing date is at risk, TRU Cash will step in and buy the home on your behalf - and then sell it to you at the original sales price!

How Much Does the TRU Cash Program Cost?

There is no cost to you when making an offer backed by TRU Cash.

If TRU Cash needs to purchase the property, you will need to put down a 7% earnest money deposit and a daily pro-rated rent, typically $75 - $150 per day, for each day that TRU Cash leases the property back to you.

TRU Cash Borrower Eligibility

To qualify for the TRU Cash program, you'll need to be TRU Offer approved, sign the Program Agreements, and agree to all the terms and conditions of the program.

You'll also need to be approved for a new loan without a sale contingency, have a minimum credit score of 740, and own sufficient liquid assets to put at least 10% down, plus enough to cover any gap between the offer price and listing price or estimated value.

TRU Cash Property Eligibility

Eligible properties:

  1. Detached single family
  2. Primary residence
  3. Min purchase price: $200,000
  4. Max purchase price: $2,000,000 (Jumbo only available in select markets)
  5. Location: major metropolitan areas in Arizona, California, Colorado, Florida, Oregon, Texas, and Wisconsin

Ineligible properties:

  1. Condos, townhomes, properties on leased land, and mobile homes
  2. New construction builds
  3. Lot sizes larger than two acres
  4. Major repair, health, or safety issues (e.g. water/fire damage, structural problems, rodent/pest concerns, etc.)
  5. Homes without comparable properties

* The following conditions are required for closing: No changes to income, asset or credit profile prior to closing. Satisfactory property and title review are required.

Ready to make your offers more competitive with TRU Cash?

Reach out to your loan officer today!

Find a Loan Officer

This material is informational only and not an advertisement to extend credit as defined by TILA/Regulation Z nor an application for credit as defined by RESPA/Regulation X. All applications are subject to underwriting approval and determining applicant’s ability to repay. Not all applicants are eligible for or qualify for all loan products offered. All loan programs, terms and conditions are subject to change without notice. Rates and terms are valid as of the date of printing/distribution.