3.5% Interest Rate For A 5/1 Arm On A Residential Home Purchase — Amazing!!!

I just received some amazing news from SunTrust Mortgage.  They can now offer 3.5% on a 5/1 ARM with only 1/2 point!  The 5/1 ARM is ideal for the first-time homebuyer and the move up buyer.  If you are a first-time homebuyer, or a move up buyer who has not purchased a home in the last three years, you would also qualify for the $8,000 tax credit.

For more information on the $8,000 tax credit, who qualifies and the time period for the credit, see my related blog post.

I have been in the business 11 years and I have never seen a rate below 4%.  This is amazing.

If you want more information about this, let me know.