SunTrust Bank Home SunTrust Bank Home

Adjustable-Rate Mortgages (ARM)

Finding the right home doesn’t mean you'll live within its walls forever. Whether you’re a newlywed couple looking for a “starter home,” a soon-to-be empty nester who is downsizing, or simply have plans to move in a few years, an adjustable-rate mortgage (ARM) from SunTrust Mortgage is a viable financing option for shorter-term borrowers.

SunTrust Mortgage ARM Loan programs:

5/1 ARM, 7/1 ARM and 10/1 ARM

  • Each ARM loan option features a fixed rate for its designated time period—5, 7 or 10 years—with an annual interest rate and payment change during the remainder of the term
  • Interest rates may increase after the initial fixed-rate period
  • Other ARM loan types may be available—see your loan officer for details

Advantages of an ARM Loan:

  • Initial interest rates are typically lower than fixed-rate mortgages, providing you with more cash on hand each month during the early term of the loan
  • ARMs loans feature an intiial fixed rate for a designated time period early in the loan's life, and you then pay off the loan at an annually adjusted rate and payment for the remaining term
  • You can reduce future monthly payments by making additional payments to principal just before rate adjustment dates (however, making additional payments to principal does not change your payment on a fixed-rate loan)

What you'll need to consider:

  • Monthly payments change over the life of the loan and may increase substantially
  • SunTrust Mortgage can help you understand all possible outcomes of an ARM

Call 877.907.1043, email us or find a loan officer serving your community to learn more about ARMs.

Resource Center