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Trustmark National is a regional bank serving five southern states, and its mortgage offerings mostly include traditional conventional and government-backed loans. The bank does offer a few programs to help low-income borrowers with down payments and closing costs. However, you need to connect with a loan officer before applying for a home loan or see any rates.
620 for Conventional
Minimum credit score
Minimum down payment (Conventional)
Only available in: AL, FL, MS, TN, TX
|Loan products offered||Conventional, Jumbo, Refinance, FHA, VA, USDA, HELOC|
|Minimum credit score||620 for Conventional|
|Minimum down payment (Conventional)||0%|
|State availability||Only available in: AL, FL, MS, TN, TX|
Trustmark National Bank is not currently available on Finder
Have you considered First Horizon?
Multiple mortgage programs available in 12 states with no pre-payment fee.
Trustmark National’s mortgage products are pretty standard. But if you’re looking for low-income financing or help as a first-time homebuyer, Trustmark’s Home Advantage programs provide a few options to lower your down payment, waive private mortgage insurance (PMI) or finance new home improvements with no closing costs.
But you have to be comfortable working with a loan officer because you can’t find out the lender’s requirements, loan rates and fees or even apply for a loan without connecting with one. And that lack of transparency can mean wasting time on starting the process only to find that this bank can’t offer terms you’re comfortable with. It also means you need to be vigilant as you go through the process to ensure you’re clear about lender requirements up front.
Mortgage requirements vary based on the loan you choose and the area where you’re buying a home, but this lender doesn’t provide its requirements online. Once you’ve provided your financial information to Trustmark, your loan officer will use that information and your credit score to determine how much you can finance.
You’ll need to have the following information ready before you apply:
Trustmark doesn’t charge an application fee. Once you’ve finished your application, you choose whether you want to take the next step and pay for the appraisal and credit report fees. While this bank doesn’t provide its closing costs up front, they do list the types of fees you can expect to pay as part of the mortgage process.
You can apply for a mortgage online, but you are required to have a Trustmark loan officer first. Once you have your loan officer’s name, you can complete the application by following these steps.
Trustmark offers the following specialty home loan products:
Trustmark offers all the traditional mortgage loans you’d expect to see at a bank this size, plus a few specialty loans to help low-income borrowers and those building their own home. But if you live outside its five-state footprint, you’ll need to consider another option.
For example, many online mortgage vendors are licensed nationwide. Or you could use a lender marketplace like Credible, which takes your pertinent financial information and provides you with quotes from several mortgage brokers in your area.
Comparing lenders is your best option to get the terms you need, and you can start below. Use the chart to compare top brands by home loan type, state availability and credit score. Select See rates to provide the lender with basic property and financial details for personalized rates.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Trustmark National has been accredited by the Better Business Bureau (BBB) since 1964, and as of July 2022, has an A+ rating for resolving 12 complaints in the past three years.
Online customer reviews are hard to find — even on the BBB. Although this bank has been in business for decades, only six customers have left reviews, scoring the lender 1.17 out of 5 stars. Of the available reviews, customers complained about poor customer service and being charged late fees for on-time payments.
Trustmark National was founded in 1889 as Jackson State National Bank in Jackson, Mississippi. The bank has since expanded its service area to include locations in Alabama, Florida, Tennessee and Texas. Trustmark Corporation has over $13.5 billion in assets across the bank, Trustmark Investment Advisors and Fisher Brown Bottrell Insurance.
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