About Suntrust Mortgage
This is a mortgage company based in Charlotte, North Carolina, serving over 15 million US customers. Truist posts interest rates on its website and offers an online pre approval and application process for its home loan portfolio, which includes a mix of conventional and government-backed products.
Suntrust Mortgage is a subsidiary of Truist Financial Corporation. As such, it is subject to the same real estate tax bill that was recently passed. This new tax bill will have a significant impact on the company’s bottom line. Truist Investment Services is a sister company to Suntrust Mortgage and will also be affected by this new legislation.
- Offers a full suite of online mortgage application tools and credit tracking.
- Sample prices are easy to find on the website.
- Offers plenty of loan options, including construction loans and special programs for physicians.
- Custom rates are not available online without completing an application.
- For borrowers who prefer to apply in person, branches are mainly limited to the South and East.
Truist Mortgage Login
The process is simple and easy for people to be successful. Please follow as below instruction:
Step 1: Go To The Website
Step 2: Fill Your Information
Enter your User ID and password in the required fields. You can Save User ID or view your passcode by clicking on the next box.
Step 3: Finished And Logged
Click the Sign-In button which is a blue one. Now you can check and manage your cards online.
Retrieve Your User ID
If you cannot remember your log-in user, you can definitely reset it with simple steps:
- At the log-in screen, click “Forgot user ID?” link
- Choose your account type, click Continue
- Enter these information: Account or card number, last 5 digits of your Social Security Number (SSN), ZIP code, Last name and choose the contact method
- Click Continue
If your contact is an email address, then you open the mail and follow the instructions. If you choose a phone number, you will get the phone call from the system.
Reset Your Password
It is not a complex way, and it takes you a few minutes to recover.
- Also stay at the log-in tab, click Reset password
- On the next page, enter your email address associated with your account, last 5 digits of SSN and User ID.
- Click Continue and follow the instruction sent to your mail. You will be required to enter your new passcode and use it for the next sign on.
Suntrust Login Via Truist Mobile Banking
If you’re a SunTrust’s Mortgage customer, you can login to your acc via the Truist mobile app banking. Here’s what you need to do:
- Download the app from the App Store or Google Play store.
- Open the app and select “SunTrust Mortgage” from the list of available banks.
- Enter your Online ID and Password.
- Tap Sign-In button
You should now be logged in. From here, you can view your loan details, make payments, and more.
Contact Customer Service
Contact us Monday through Friday, 8 a.m. to 8 p.m. ET, Saturday, 8 a.m. to 5 p.m. ET, and Sunday, closed. Alternatively, you can get 24-hour automated assistance.
844-4TRUIST (844-487-8478), +1-910-914-8250 from outside the United States
Truist loan officers are professionals who care. Find one close to you to begin a relationship and your journey.
Mortgage Payment By Phone
You can make a payment over the phone, especially if you forgot to mail in your payment before the due date or have not set up an online payment process. The phone number to call can be found on your monthly bill or online.
Call 800-634-7928 to make a payment using our automated system.
The monthly payments should be mailed to the address on your statement, P.O. Box 79041, Baltimore, MD 21279-0041.
Suntrust Mortgage Review 2022
After merging with BB&T and Suntrust, Truist Bank offers a wide variety of loan products for first-time home buyers, repeat buyers and those seeking refinance in every state except Alaska, Arizona and Hawaii. It provides financing for federally backed mortgages such as FHA and VA loans.
Traditional borrowers can get fixed rate loans or adjustable rate mortgages. In addition, the Bank works with borrowers seeking financing for mortgage that exceed Federal Housing Finance Agency credit limits, known as jumbo loans. The bank also has a physician loan program.
Truist displays the current interest rate for home purchase or refinance loans on its website. You can view current loan rate for 15- and 30-year conventional fixed rate loans, 30-year jumbo loans, 30-year FHA loans, and 30-year VA loans. You can also check the refinancing rate for traditional 15- and 30-year fixed-rate loans. You will be shown interest rate and annual percentage rates (APRs) with zero mortgage points and one mortgage point.
Although Truist doesn’t display current interest rate for adjustable-rate mortgages (ARMs). As interest rate rise, adjustable rate mortgage (ARMs) gain popularity because they start out with lower interest rate. An ARM can be useful if you plan to move before the end of the initial fixed rate period.
In recent years, Truist’s average interest rate on a loan has been very close to the national average; In 2021 it was 0.04% below the average.
Types Of Truist Mortgage Loan
The bank provides the following loan types: conventional, FHA, VA, jumbo, construction-to-permanent, and physician loans.
They completed 23,285 home loan application out of 32,941 total (70.7%) in 2021. It turned down 4,519 home purchase loan applications (13.7 percent).
Mortgage rates were historically low in both 2020 and 2021, prompting an increase in re-financing activity across the industry. Refinance loans are becoming less popular as interest rate rise again. If you can get a lower interest rate, change your loan term, or take cash out of your home equity with a payout re-finance, refinancing may be a good idea.
Truist originated more refinance loans (including interest rate, term, and payout types) than home mortgage between 2019 and 2021.
HELOC And Home Equity Loans
The bank also offers home equity lines of credit (HELOCs). If you’re an existing homeowner and interested in using the equity you’ve built up in your home, you might be interested in this option. You can choose a fixed or variable rate HELOC on every draw. At the time of publication, HELOCs are located in 18 states and Washington, D.C. available.
Is Suntrust The Best Mortgage Lender For You?
SunTrust has a strong focus on human customer service and a wide range of credit products. That could make it a good choice for first-time homebuyers who need a little extra guidance and flexible credit requirements.
No matter who you are, SunTrust could be a good choice if it offers competitive rates and fees. Compare a SunTrust rate offering to some other banks to see if it’s competitive for you.
Minimum Borrower Requirements
While the exact criteria to qualify for the mortgage will vary depending on the type of loan and your financial profile, here are the basic requirements you can expect:
Minimum Credit Rating
Truist minimum credit score requirements are:
- 620 for conventional loans
- 620 for FHA, USDA, and VA loans
- 680 for jumbo loans
If you have a lower credit score than this, you probably need to consider other lenders that offer bad credit mortgage.
What you have to pay for a mortgage depends on the type of loan you want. Down payment requirements range from 3% to 20% for conventional and jumbo products and 3.5% for an FHA loan. No down payment options are also available, including USDA, VA and doctor loans, as well as mortgage through the CHIP program in some markets.
Maximum Debt To Income Ratio (DTI).
In addition to your credit score and income, mortgage lenders also consider your DTI ratio. This is the loan amount you owe in monthly debt payments compared to your income.
Although Truist does not disclose the maximum acceptable DTI ratio, in general you should aim for a DTI ratio of no more than 50% to qualify for a traditional mortgage – although there are lenders who require ratios lower than this.