SunTrust Bank

From LoveToKnow Mortgage

SunTrust Bank offers a variety of mortgage products to customers in various parts of the United States. This lender additionally offers mortgage education and other tools for applicants via their website and through local branches.

House

About SunTrust Banks, Inc.

SunTrust Banks, Inc. is a financial holding company that operates through a network of subsidiaries. This company offers a full roster of financial offerings to customers including:

  • Banking products
  • Investment products
  • Insurance products
  • Mortgage products

This company also has other dealings which do not necessarily pertain to personal finance issues.

SunTrust Mortgages

SunTrust Bank offers customers several different mortgage products to choose from. Potential borrowers can apply for:

  • A fixed rate mortgage or an adjustable rate mortgage
  • A conventional mortgage or a jumbo mortgage
  • A mortgage loan guaranteed by the Federal Housing Administration (FHA)
  • A mortgage loan guaranteed by the U.S. Department of Veterans Affairs (VA)
  • Mortgage loans with creative financing options

This lender also offers a program called SunTrust Community Choice which is designed to assist applicants who may not qualify for traditional mortgage financing options. Examples of these situations include:

  • Applicants with very little money for a down payment
  • Applicants with limited income
  • Applicants who do not have an extensive credit history, or applicants with some credit problems

How Do I Get a Home Equity Loan from Suntrust Bank?

This mortgage lender has a variety of second mortgage loan products including:

  • Home equity loans
  • Home equity lines of credit

Interest rates for these loans vary. Applying for an equity loan or equity line of credit through SunTrust is simple:

  • Apply online using the official website's application form.
  • Apply over the phone by calling an equity loan officer at 800-279-4824.
  • Apply in person at a local SunTrust branch.

There are not branches for this lender if every state.

Applying for Other Mortgage Products

If you are looking to apply for a primary mortgage loan through SunTrust you can do so online, over the phone, or at a local branch.

Getting More Information

There are also several tools offered by this bank that you may want to explore before you even apply:

SunTrust Bridal Registry

Perhaps one of the most interesting offerings from SunTrust is the SunTrust Bridal Registry. This program allows engaged couples to register for monetary gifts that will be earmarked for the down payment on a home. Similarly to registering at a department store for certain items, couples open an account that allows friends and family members to deposit funds as a gift. This program can actually be utilized by anyone looking to purchase a home, and an impending wedding is not a requirement before opening a Bridal Registry account. Open an account by contacting SunTrust through the website, over the phone, or in person at a branch.

Ready to Apply

Before applying for a mortgage with SunTrust, speak to a loan officer to receive a prequalification. Although this process does not approve you for a mortgage loan, it is a useful tool to figure out how much money you can afford to borrow and on what terms.

You can apply for a loan before you find the home you want to buy. For more information regarding the application process, contact a loan officer with SunTrust or check out the official website at www.suntrust.com.

Retrieved from "http://mortgage.lovetoknow.com/SunTrust_Bank"

 


Comment on SunTrust Bank



(Displayed with your comment)                        (Will not be displayed)
Verification Code:   
    

Mortgage Categories
LoveToKnow Tools
More Articles