SunTrust has taken on a special mission: to give back to military veterans and their families through a SunTrust Mortgage program called “Homes for Heroes.” Partnering with the Military Warriors Support Foundation, SunTrust provides mortgage-free homes as well as three years of financial education and counseling to wounded veterans. The donated homes are foreclosed properties in SunTrust’s Real Estate Owned (REO) property portfolio.
Earlier this fall, just in time for the holidays, SunTrust donated its sixth and final home of the year to a veteran in Bowie, Maryland. In addition to the home in Maryland for retired Army Corporal Jeremy Horsley and his family , homes were donated across SunTrust’s footprint in South Carolina, Virginia, Florida and Georgia this year. Prior to presenting the homes to the veterans, SunTrust teammates complete repairs and renovations – cleaning, painting, and sprucing up the yard. Teammates also enlist the support of local businesses and community leaders to ensure each home is move-in-ready, and the family feels welcomed to their new community.
With the overwhelming popularity of the program, SunTrust will continue “REOs to Heroes” in 2016. Whether it’s sponsoring military hiring fairs, providing financial counseling for personnel transitioning to civilian life, or donating homes to veterans and their families, SunTrust lights the way to financial well-being for its military veterans and active-duty clients.