SunTrust Bank is run by SunTrust Banks, Inc.
SunTrust Bank is run by SunTrust Banks, Inc. (NYSE: STI), an established bank holding company in the country. The financial institution provides home mortgages loans for borrowers, who are able to meet the its credit requirements. The Atlanta-based lender’s mortgage interest rates have been updated for March 7, 2015.
Bear in mind, that the lender’s mortgage interest rates are subject to change without prior notice and may vary upon loan approval or actual disbursement of funds. With the exception of loans insured by the Federal Housing Administration (FHA) for borrowers with low credit scores, the mortgage rate quotes are given assuming the borrower has strong financial standing. In addition, lock-in periods apply for most mortgages and the loan terms may vary depending on the property’s location and geography.
Today, SunTrust’s 30-year conventional home loan is advertised at a rate of 3.9%. According to the updated loan information, this type of home purchase loan comes with 4.056% by way of APR and the loan package also carries 0.008 discount points. A shorter-term loan alternative, the 15-year fixed home loan, is published at a rate of 3.125% at this lender. The 15-year FRM is accompanied by 0.29 discount points and an APR variable of 3.4313%, according to the loan provider’s data.
Looking at additional home loan options, the FHA-backed 30-year fixed mortgage is quoted at a rate of 3.625%. According to SunTrust’s mortgage information, it comes with 0.016 discount points and an APR variable of 4.7899%.
Borrowers, who are able to meet SunTrust’s credit requirements, may be able to obtain jumbo loans at favorable interest rates. Today, the 30-year fixed mortgage with a jumbo balance is published at a rate of 4%. The loan is accompanied by 0.412 discount points and an APR sum of 4.1584%.
Mortgages that come with more interest rate flexibility than fixed conventional loans can also be found at this loan originator. The Agency 5/1 adjustable rate mortgage is listed at a rate of 2.99%. The aforementioned home loan features 0.184 discount points and an APR sum of 3.1596%. The Agency 7/1 adjustable rate mortgage demands 3.2% in interest at this lender. The loan features 0.065 discount points and an APR variable of 3.2507%.
For additional information on SunTrust’s mortgage interest rates, as well as details on borrowing terms and conditions, please visit the financial institution’s website or contact a loan officer in charge.
Freddie Mac, which is based in McLean, VA, said on Thursday, that the interest rate on the 30-year fixed mortgage decreased to 3.75% from the previous 3.9%. On the other hand, the average rate on the shorter-term 15-year fixed loan decreased to 3.03% this week. Previously this type of mortgage loan was hovering at a rate of 3.07%, according to the organization.