In addition to standard agency loan programs, SunTrust Mortgage offers the Agency Alt A Program, which features a No Income or No Ratio option on standard agency conforming loan amounts. SunTrust also has a full range of Agency Low-to-Moderate Loan Programs.

The SunTrust Combo Second Mortgage Program is a popular alternative to mortgage insurance. Structured as an 80/10/10, this program offers borrowers the advantage of 90% financing with no mortgage insurance. Both the first and second loans are SunTrust loans and are underwritten and closed simultaneously.

Another favorite of SunTrust borrowers is the Adjustable Rate Mortgage Alternative Loan Program. It is not an ARM, but rather a lender-funded 2/1 buydown. Borrowers don't need to bring the buydown funds to closing because they are built into the pricing.

The Elite Advantage Loan Program offers jumbo financing to $4,000,000. In addition, the Elite's cash-out transactions have no "cash-back" restrictions — the entire loan amount can potentially be used as cash back to the borrower.

SunTrust's Baseline 200 is a one-year ARM program with a margin of 2.00 that offers an interest-only feature.

These loan programs are just a few highlights of the diverse product menu that SunTrust Mortgage offers to our correspondents.