SunTrust Mortgage Rates: Current Jumbo Mortgage Rates and FHA Home Loans for January 12

SunTrust Mortgage Rates: Current Jumbo Mortgage Rates and FHA Home Loans for January 12SunTrust Bank (NYSE: STI) offers retail and commercial banking services to its customers. The company provides home purchase loans for borrowers, who are able to meet the its credit requirements. The bank’s mortgage information has been updated for January 12, 2015

Bear in mind, that the the lender’s mortgage 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 interest rate quotes are given assuming the individual has strong financial standing. Additionally, lock-in periods apply for most mortgages and the loan terms may vary depending on the property’s location and geography.

At SunTrust, the 30-year conventional home loan is currently advertised at a rate of 3.625%. According to the latest loan information, the aforementioned mortgage loan’s annual percentage rate is coming out at 3.7431% and the package also features 0.2 discount points. Borrowers, who opt for the 15-year home purchase loan can expect to pay 2.9% interest cost. The loan is accompanied by 0.12 discount points and an APR figure of 3.0958%, the lender’s mortgage information showed.

Switching to non-conventional loans, on Monday the benchmark 30-year fixed FHA mortgage has a lending rate of 3.3% and 0.255 discount points. This type of loan comes with an APR figure of 4.932%.

Borrowers, who are able to meet SunTrust’s credit requirements, may be able to obtain jumbo loans at favorable interest rates. Currently, the 30-year fixed mortgage with a jumbo balance is published at a rate of 4%. The loan is accompanied by 0.223 discount points and an APR sum of 4.1135%.

Loans that come with more interest rate flexibility can also be found at this mortgage provider. Under the bank’s flexible ARM portfolio, the Agency 5/1 adjustable rate home purchase loan is offered at a rate of 2.99%. According to the lender’s latest mortgage information, the corresponding annual percentage rate is set at 3.0334% and the loan features 0.261 discount points. Individuals, who lean toward the Agency 7/1 ARM, will see it being advertised at a rate of 3.125%. This type of mortgage loan has 0.188 discount points, whilst the APR stands at 3.1121%.

More information on SunTrust’s current mortgage rates, as well as details on borrowing terms and conditions can be found on the lender’s website. Borrowers can also contact a loan officer in charge for more details on the most up-to-date mortgage interest rates.

Government-sponsored housing company, Freddie Mac said on Thursday, that the interest rate on the 30-year fixed mortgage improved to 3.73% from the former 3.87%. In addition, the interest rate on the shorter-term 15-year fixed loan plummeted to 3.05% last week. A week earlier this type of mortgage loan was hovering at a rate of 3.15%, according to the firm.