Suntrust mortgage interest rates

FHA Mortgage Rates and Fixed Loans: SunTrust Mortgage Interest Rates for June 11, 2013

Suntrust mortgage interest ratesSunTrust Bank is run by SunTrust Banks, Inc. (NYSE: STI), a large bank holding company in the United States. The bank offers home purchase loans for borrowers looking to buy houses in the country and the latest loan rates have been updated for June 11, 2013.

Note that these rates are subject to change without prior notice and may vary upon loan approval or actual disbursement of funds. The APR calculations were made using closing costs and discount points, assuming that the borrower will pay 1.00% of the total loan amount in origination fees. With the exception of loans insured by the Federal Housing Authority (FHA) for borrowers with lowcredit scores, the quotes are given assuming the borrower has strong financial standing.

Presently, the 30-year fixed conventional home purchase loan is available at an interest rate of 4.200% with discount points of 0.209 and an APR of 4.3229%. SunTrust’s 15-year fixed home mortgage is on the books at 3.300% and has discount points of 0.302, plus an APR of 3.5246%. With regards to the lender’s 30-year jumbo mortgage, qualified borrowers can pick it up at a rate of 4.125%. The loan features discount points of 0.142 and an APR figure of 4.2325%.

The 30-year fixed rate FHA-backed mortgage deal is coming out at 3.900% and 0.697 discount points, amounting to an effective APR of 5.0572%.

SunTrust also offers ARM alternatives for interested customers, as these feature a fixed interest rate period for a specified number of years. After that, the interest rate is adjusted to reflect current interest rates during the reset schedule.

The 5/1 ARM home purchase loan is advertised at a mortgage rate of 2.990% with 0.032 discount points and an overall APR of 3.0152%. The 7/1 ARM alternative can be had at an interest rate of 3.200% and 0.091 discount points, for an effective APR of 3.1394%.

More information on loan assumptions and borrowing terms and conditions, as well as additional loan options can be found on the lender’s website.

Suntrust mortgage rates va loan

Suntrust mortgage interest rates

Purchasing a new home can be a complex task Let SunTrust Mortgage help you choose the home mortgage plan that suites you the best.

Suntrust mortgage interest rates

Equal Housing Lender SunTrust Mortgage Inc 901 Semmes Avenue Richmond VA 23224 is licensed by the Department of Corporations under the California.

SunTrust Mortgage Reviews & Info

SunTrust Mortgage, Inc. is a wholly-owned subsidiary of SunTrust Bank. Whether you’re a first-time homebuyer or a longtime homeowner, purchasing a new home can be a complex endeavor—without financing information from a trusted source. At SunTrust Mortgage, we take the time to understand your unique circumstances. And we provide the unmatched service you need to choose a home mortgage plan that works for you, helping you feel confident about your financial decisions. We offer a variety of affordable loan options, highly competitive interest rates and an easy online application process. . see more

Other Names Used: Crestar Mortgage, SunTrust Mortgage, Inc.

Richmond , VA 23224

Suntrust mortgage interest rates

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suntrust mortgage interest rates

Suntrust mortgage interest rates

Suntrust mortgage interest rates

July 23, 2009 at 3:48 pm by admin

This particular page is provided solely to assess the merits of SunTrust mortgages.

The Atlanta based SunTrust Bank is one of the biggest and most powerful financial organizations in the United States. Through its numerous subsidiaries in the banking industry, SunTrust offers deposit, trust and investment products to a broad range of customers. It also offers credit services such as SunTrust Bank mortgages, loans and lines of credit.

SunTrust Bank mortgages offer a variety of options to meet the needs of the consumer finance market:

  • SunTrust fixed rate mortgages
  • SunTrust adjustable rate mortgages
  • SunTrust community Choice mortgage products
  • SunTrust jumbo fixed rate mortgages
  • SunTrust special Needs mortgages
  • SunTrust FHA/VA mortgages
  • Flexible payment options

SunTrust Bank Fixed and Adjustable Rate Mortgages

The basic mortgage products offered by SunTrust Bank for conventional borrowers are fixed and adjustable rate mortgages. SunTrust fixed rate mortgages allow borrowers to maintain a stable payment that won’t change over the life of the loan, while a SunTrust adjustable rate mortgage allows for lower upfront monthly payments to meet borrowers’ short term financial and home ownership goals.

SunTrust Community Choice Mortgages

Community Choice mortgages offer affordable housing solutions for borrowers that meet the following criteria: low-income, lack of available funds for closing costs, no established credit history, below market interest rates and credit issues – credit counseling available.

Jumbo fixed rate mortgages are offered for buyers whose loan amounts exceed the conforming loan limit. Features of the jumbo loan program include loan to value ratios of up to 90%, streamlined refinance options, options for avoiding mortgage insurance, and alternate loan documentation options.

SunTrust Special Needs, FHA, and VA Mortgage Loans

SunTrust combo mortgages provide up to 95% financing, and allow borrowers to avoid mortgage insurance. Interest on the second mortgage may be tax deductable. FHA and VA loans are also available for qualified buyers. FHA and VA options include low cash requirements for closing and simplified qualification requirements.

Other Features of SunTrust Bank Mortgages

SunTrust Bank mortgages offer a variety of convenient loan payment options, including online ePay, monthly automated payment, bill pay options, and bi-weekly payment options to reduce interest paid over the life of the loan.

Among its many consumer information features, which include articles and online loan calculators, SunTrust Bank offers a unique chat feature that allows users to join scheduled chat sessions on pre-determined topics with SunTrust mortgage experts.

SunTrust bank offers an easy online application process for its mortgage products and services, as well as telephone customer service seven days a week.

The SunTrust Mortgage Application Process

You can apply for a SunTrust mortgage on-line, over the phone or in any SunTrust branch. Before applying you should be aware that mortgage applications can be fairly dreary requiring a good deal of paperwork. In order to avoid overcomplicating the SunTrust Bank mortgage application process you should have a number of key pieces of information to hand. You will find that during your application you will be asked about:

  • Personal information – such as addresss, telephone, previous address, SSN, assets.
  • Employment – employer names and addresses for the two years prior to the mortgage application.
  • Earnings – evidence (such as pay stubs) for thirty days prior to the mortgage application.
  • Investments and savings – bank account statements, copies of savings bonds or stock certificates, IRAs etc.
  • Debts – SunTrust will require the details of any credit agreement that you might have (loans, mortgages, credit cards, etc.).

Please note that you may be charged a fee for the processing of your SunTrust Bank mortgage application depending upon the region in which you live.

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