This particular page is provided solely to assess the merits of SunTrust mortgages.
The Atlanta based SunTrust Bank is one of the biggest and most powerful financial organizations in the United States. Through its numerous subsidiaries in the banking industry, SunTrust offers deposit, trust and investment products to a broad range of customers. It also offers credit services such as SunTrust Bank mortgages, loans and lines of credit.
About SunTrust Mortgages
SunTrust Bank mortgages offer a variety of options to meet the needs of the consumer finance market:
- SunTrust fixed rate mortgages
- SunTrust adjustable rate mortgages
- SunTrust community Choice mortgage products
- SunTrust jumbo fixed rate mortgages
- SunTrust special Needs mortgages
- SunTrust FHA/VA mortgages
- Flexible payment options
SunTrust Bank Fixed and Adjustable Rate Mortgages
The basic mortgage products offered by SunTrust Bank for conventional borrowers are fixed and adjustable rate mortgages. SunTrust fixed rate mortgages allow borrowers to maintain a stable payment that won’t change over the life of the loan, while a SunTrust adjustable rate mortgage allows for lower upfront monthly payments to meet borrowers’ short term financial and home ownership goals.
SunTrust Community Choice Mortgages
Community Choice mortgages offer affordable housing solutions for borrowers that meet the following criteria: low-income, lack of available funds for closing costs, no established credit history, below market interest rates and credit issues – credit counseling available.
SunTrust Bank Jumbo Mortgages
Jumbo fixed rate mortgages are offered for buyers whose loan amounts exceed the conforming loan limit. Features of the jumbo loan program include loan to value ratios of up to 90%, streamlined refinance options, options for avoiding mortgage insurance, and alternate loan documentation options.
SunTrust Special Needs, FHA, and VA Mortgage Loans
SunTrust combo mortgages provide up to 95% financing, and allow borrowers to avoid mortgage insurance. Interest on the second mortgage may be tax deductable. FHA and VA loans are also available for qualified buyers. FHA and VA options include low cash requirements for closing and simplified qualification requirements.
Other Features of SunTrust Bank Mortgages
SunTrust Bank mortgages offer a variety of convenient loan payment options, including online ePay, monthly automated payment, bill pay options, and bi-weekly payment options to reduce interest paid over the life of the loan.
Among its many consumer information features, which include articles and online loan calculators, SunTrust Bank offers a unique chat feature that allows users to join scheduled chat sessions on pre-determined topics with SunTrust mortgage experts.
SunTrust bank offers an easy online application process for its mortgage products and services, as well as telephone customer service seven days a week.
The SunTrust Mortgage Application Process
You can apply for a SunTrust mortgage on-line, over the phone or in any SunTrust branch. Before applying you should be aware that mortgage applications can be fairly dreary requiring a good deal of paperwork. In order to avoid overcomplicating the SunTrust Bank mortgage application process you should have a number of key pieces of information to hand. You will find that during your application you will be asked about:
- Personal information - such as addresss, telephone, previous address, SSN, assets.
- Employment - employer names and addresses for the two years prior to the mortgage application.
- Earnings - evidence (such as pay stubs) for thirty days prior to the mortgage application.
- Investments and savings - bank account statements, copies of savings bonds or stock certificates, IRAs etc.
- Debts - SunTrust will require the details of any credit agreement that you might have (loans, mortgages, credit cards, etc.).
Please note that you may be charged a fee for the processing of your SunTrust Bank mortgage application depending upon the region in which you live.