SunTrust Bank is run by SunTrust Banks, Inc.
SunTrust Bank is run by SunTrust Banks, Inc. (NYSE: STI), a large bank holding company in the United States. The bank advertises home purchase loans for individuals looking to buy properties in the country. The lender’s mortgage interest rates a have been updated for February 9, 2014.
With the exception of loans insured by the Federal Housing Administration (FHA) for borrowers with low credit scores, the quotes are given assuming the borrower has strong financial standing. Moreover, lock-in periods apply for most mortgages and the loan terms may vary depending on the property’s location and geography.
The 30-year fixed rate conventional mortgage is listed by the Atlanta-headquartered lender at 4.3% as of Sunday. This mortgage package bears 0.076 discount points and a corresponding APR of 4.4122%. The 15-year version of this home mortgage is quoted by SunTrust at 3.3% and the mortgage loan carries 0.129 discount points and comes with an APR figure of 3.4993%.
Turning attention to FHA-backed mortgages, the 30-year fixed rate FHA loan starts at a rate of 4%. This type of loan is coupled with 0.09 discount points and carries an annual percentage rate of 5.6281%.
Looking at jumbo mortgages, the 30-year fixed home loan with a jumbo balance is offered by the bank at 4.49% interest and 0.033 discount points, yielding an APR sum of 4.5904%.
SunTrust’s flexible adjustable rate loans feature fixed interest rate periods for a specified number of years. After that, the interest rate is adjusted to reflect current market conditions.
Heading over to current adjustable rate loan solutions, SunTrust’s Agency 5/1 adjustable rate loan is up for grabs at 2.875% and 0.031 discount points. The loan is accompanied by an APR variable of 2.8927%. The Agency 7/1 version of the lender’s ARM can be locked in at a rate of 3.25%. The loan package carries 0.137 discount points and an annual percentage rate of 3.0984% as of Sunday.
For additional details on SunTrust’s fixed and adjustable rate mortgages, as well as information on borrowing terms and conditions, please take a visit to SunTrust’s website or contact a loan officer in charge.