SunTrust Teams Up With HouseRaising

SunTrust Mortgage, a subsidiary of SunTrust Banks, Atlanta, has entered into an agreement with HouseRaising Inc., Charlotte, N.C., to provide construction-permanent financing for homes built by HouseRaising or one of its affiliated builders.HouseRaising is a general manager of projects, helping homebuilders in such areas as design and cost estimation through construction. HouseRaising said one of the reasons it chose SunTrust Mortgage was because its construction-permanent product has a one-time close feature. "We wanted a CP product that offered savings to our customers and a loan process that was as seamless as possible," said Gregory Wessling, HouseRaising chairman and chief executive. "In addition, we like the way SunTrust Mortgage administers their construction loans. All the processing and underwriting for our customers will be handled locally, and that's important to us." SunTrust can be found online at http://www.suntrust.com.