When searching for a new home, it is important to choose a reputable and reliable lender who will take care of your loan. BB&T Corporation is a lender that has been taking care of customers since 1872. Alpheus Branch and Thomas Hadley teamed up to create a company that people could trust as they were getting things together after the Civil War. In 1887, Branch purchased Hadley’s portion of the company. After the death of Branch, the company continued to thrive, and the company is still enjoying success. BB&T Corporation mortgage rates offer fixed-rate mortgages and adjustable rate mortgages for a wide variety of programs to help you achieve the dream of owning a home.

BB&T Corporation Current Mortgage Rates

To obtain a mortgage from BB&T, you can apply online, and you can lock in your rate. You can get pre-qualified, so you will know exactly how much you can spend on your loan.

Type of Mortgage Rate Interest Rate APR (Annual Percentage Rate) Estimated Monthly Payment
30-year fixed loan 3.875% 3.943% $940
15-year fixed loan 3.25% 3.397% $1587
3/1 ARM 3.775% 3.787% $870.41
5/1 ARM 3.670% 3.707% $870.41
7/1 ARM 3.702% 3.753% $$898.09

*** Mortgage rates are subject to change without notice, so to obtain the latest interest rates, check the website.

BB&T Corporation Mortgage Rates Additional Information

With adjustable rate mortgage, you will have a lower rate at the beginning of the mortgage. With BB&T, you can choose from a 3, 5, 7, or 10-year adjustable rate. Adjustable mortgage rates might be right for you if you are planning to live in your home for only a few years.

If you want to want to avoid foreclosure, you might have the option of a loan assumption. Another person can take over your mortgage payments with the same interest rate, and they can continue to make the payments.

If you are unable to make your payments, a rate adjustment might be an option. The company will work with you to come up with a payment plan that works with your budget.

To get a lower interest rate, you can purchase mortgage rates. In addition, if you need a larger loan, you can obtain a jumbo mortgage, and you will get jumbo mortgage rates. You can also check the refinance mortgage rates if you wish to refinance your mortgage for a lower interest rate.

BB&T Corporation offers 30-year mortgages, 20-year mortgages, and 15-year mortgages. 15-year mortgage rates will be a little lower, but your monthly payment amount will be higher. 30-year mortgage rates will be slightly higher, but your payment amount will be lower. 20-year mortgage rates will be somewhere in the middle.

To get started on a mortgage loan, you will need your social security number and a government-issued ID. You will need a list of your current assets, income information, and information about your debts.

You can use a mortgage rates calculator to determine your mortgage payment amount. BB&T’s mortgage calculator offers you the possibility to calculate the approximate amount of money you would have to pay for a home loan.

Conclusion

BB&T Corporation mortgage rates can give you the opportunity to buy the home of your dreams. If you would like to contact the company about a loan, you can call 888-946-8730. You can also email them from the website. You will then be on your way to owning a new home.