DECEMBER 11TH, 2018

Sun America Mortgage

Sun America Mortgage is a division of SunTrust Mortgage, Inc., which is one of the nation’s largest bank-owned mortgage companies. They in turn are owned by SunTrust Banks, Inc. which has a long and storied history going back to 1811. Farmers Bank of Alexandria, VA was chartered in February of 1811 and became SunTrust’s earliest precursor, as an ancestor of the Crestar Financial Corporation which was acquired by SunTrust in 1998. By 1999 the corporation had acquired 27 different bank charters and decided to consolidate them all under the Georgia chartered SunTrust Brand. They also own 48.3 million shares of the CocaCola Company!

The SunTrust Corporation is based out of Atlanta. As well as supplying mortgage services through SunTrust branches, the telephone, and Internet, SunTrust Mortgage, Inc. originates loans through more than 170 locations in SunTrust markets and adjacent states and services loans nationally. As of March 31, 2006, SunTrust’s mortgage servicing portfolio was more than $112.2 billion. In 2005, SunTrust closed nearly 48,000 loans totaling approximately $6.5 billion to provide housing in low-to-moderate-income areas. In addition, almost 51,000 loans totaling $5.3 billion were made to families with low-to-moderate-income to purchase or modernize their homes.

Loans offered by Sun America Mortgage

Sun America Mortgage has been funding loans for the past decade. Bringing their customers the best in quality, service and experience, they fund a variety of loan programs tailored to their customers needs. Some of their programs are outlined below:

  • First Time Buyers Program
  • Jumbo Loans
  • 15 or 30 Year Fixed Rate Loans
  • Adjustable Rate Loans
  • FHA, VA and Rural Housing Loans
  • Interest Only Loans
  • Construction to Permanent Loans
  • Investment Property Loans
  • No Doc Loans
  • 100% Purchase Financing
  • LIBOR Loans (London Interbank Offered Rate)

Sun America Mortgage offers its services by phone on the internet or in person. Their website lists a number of mortgage originators for the potential customer’s convenience. They will guide the customer through the funding process from application to closing. Sun America includes an application checklist on their website, so the customer will be prepared with the documents he needs from beginning to end. Advice is given on many home buying issues, from points to PMI (Private Mortgage Insurance). Many calculators are included on Sun America’s website to enable the customer to familiarize himself with his options. Having done so, his discussions with the Sun America Loan Professional will be more to the point. The customer will be able to make an informed decision regarding his loan alternatives and make a funding choice which is the perfect fit for his circumstances. This is Sun America’s goal.

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