About Tim Trauscht
With over Twenty Three years of lending experience, my team and I will make sure that the process of your loan goes quickly and smoothly. I carry a vast knowledge of products from Conventional to FHA, as well as our VA products. I will guarantee that whether this is your first time in a lending experience or your fifth; that all options are made available to you to assure you the best loan product. I understand that at times lending can become confusing and even frustrating. I believe that a strong partnership of understanding and trust between client and Loan officer is paramount in a lending transaction; and creates a trusting relationship that last’s long after the transaction has closed. My business is based on relationship lending, and referrals from my passed clients. I am proud to say that a large amount of my clients form the past are now referring their children to me because of the trust we have built over the past two decades.
The right advice could help you find the right mortgage for you. Let's work together.
Get approved in one day
The competitive edge you need to purchase the home you want. Get a fast approval with options as little as 3% down.
Current mortgage rates
Points:
| Loan Type | Rate | APR | Points | Mo. Payment |
|---|---|---|---|---|
| FHA loan | 6.250% | 7.158% | 0.327 ($998.17) | $2016.25 |
* Rates current as of 4/8/2025 08:55 pm, provided by Tim Trauscht, for Lake County, IN, and are subject to change without notice.
Mortgage rates disclaimers
30 year, 15 year rate assumptions
- Purchase price: $437,500
- Down payment: 20.00%
- First Lien Position
- Primary residence
- 760 FICO Score
- 30 day rate lock
- 80.00% LTV ratio
FHA rate assumptions
- Purchase price: $310,880
- Down payment: 3.50%
- First Lien Position
- Primary residence
- 680 FICO Score
- 30 day rate lock
- 96.50% LTV ratio
Jumbo rate assumptions
- Purchase price: $1,200,000
- Down payment: 25.00%
- First Lien Position
- Primary residence
- 760 FICO Score
- 25 day rate lock
- 75.00% LTV ratio
VA rate assumptions
- Purchase price: $400,000
- Down payment: 0.00%
- First Lien Position
- Primary residence
- 680 FICO Score
- 30 day rate lock
- 100.00% LTV ratio
- Must meet eligibility assumptions to qualify
This is NOT a mortgage loan approval or commitment to lend.
The actual fees, costs, and monthly payment on your specific loan transaction may
vary, and may include city, county, or other additional fees and costs. Mortgage rates
are offered exclusively through Rate, Inc. and are subject to change without
notice. The payment amount does not include homeowners' insurance, flood insurance
(if applicable), or property taxes that must be paid in addition to your loan payment.
The displayed Annual Percentage Rate (APR) is a measure of the cost to borrow money
expressed as a yearly percentage. For mortgage loans, excluding home equity lines of
credit, it includes the interest rate plus other charges or fees (such as mortgage
insurance, discount points, and origination charges). These mortgage rates are based
upon a variety of assumptions and conditions, which include a consumer credit score
that may be higher or lower than your individual credit score. Your loan's interest
rate will depend upon the specific characteristics of your loan transaction and your
credit history up to the time of closing. Refinancing may cause finance charges to be
higher over the life of the loan. Rate, Inc. has no affiliation
with the US Department of Housing and Urban Development, the US Department of Veterans
Affairs, the Nevada Department of Veterans Services, the US Department of Agriculture,
or any other government agency.
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- Monitor your loan status
- Connect with your loan team
- Calculators, tools, guides, and advice
- Track your home value
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Located at 125 North Main St, Crown Point IN, 46307