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Last Updated: 04/18/2025

Truist Bank HELOC

from Truist Financial Corporation

Last Updated: 04/18/2025

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Highlights

Credit Score Range

N/A

Amount Range

$15,000 - $1,000,000

Maximum LTV

N/A

Minimum Draw

Starting at $5,000

Loan Term (Years)

5 - 30

Truist Bank HELOC Review

Truist Bank HELOC is offered by Truist Financial Corporation , a bank founded in 2019 and based in Charlotte, NC. Truist Bank HELOC are available in 50 states and Washington, DC.

Key Takeaways

No primary residences considered. Truist Bank HELOC does not offer financing for primary homes.
Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for Truist Bank HELOC.

Truist Bank HELOC Pros & Cons

Pros

Cons

Available in all 50 states.

Charges an origination fee.
Charges prepayment fees.

Truist Bank HELOC FAQ

How much can you borrow with a HELOC?

HELOCs are lines of credit secured by your home. Once approved, you can access funds by check, phone, credit card, or online up to your credit limit.

Borrowers can apply for lines of credit of up to $1,000,000. The maximum amount depends on property value, existing mortgage balance, and creditworthiness.

Typically, borrowers with good credit can qualify for up to 85% of the property value, minus the balance on their first mortgage.

Is there a minimum draw requirement?

Yes. The minimum draw requirement is $5,000.

What fees does Truist Bank HELOC charge for a HELOC?

Truist Bank HELOC may charge an origination fee.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

214 N. Tryon St.

Charlotte, NC 28202

Visit Site

Email Support

Hours of Operation

Sunday

Closed

Monday

8:00AM - 8:00PM

Tuesday

8:00AM - 8:00PM

Wednesday

8:00AM - 8:00PM

Thursday

8:00AM - 8:00PM

Friday

8:00AM - 8:00PM

Saturday

8:00AM - 5:00PM

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SuperMoney Net Recommendation Score

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-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.