Truist Bank HELOC
Truist Bank HELOC
in Home Equity Lines of Credit from Truist Financial Corporation

Truist Bank HELOC

in Home Equity Lines of Credit from Truist Financial Corporation
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Loan Amount $15,000 - $1,000,000
APR  (Fixed APR) 8.65% - 15.25%
(Verified 03/14/2023)
Maximum LTV N/A

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).

Truist Bank HELOC FAQ

How much can you borrow with a HELOC?

HELOCs are lines of credit that are secured by your home. Once you get approved for a certain amount, you can access your funds by check, phone, credit card, or online up to your HELOC amount.

Truist Bank HELOC allows borrowers to apply for lines of credit of up to $1,000,000. Note that the maximum loan amount you can borrow will vary depending on the value of the property, how much you owe on it, and your creditworthiness.

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

Is there a minimum draw requirement?

Yes, there is a minimum draw requirement of $5,000.

What range of rates does Truist Bank HELOC offer?

Truist Bank HELOC offers APRs as low as 8.65% and up to 15.25%.

Remember the APRs of HELOCs do not include points and financing charges, just the interest rate. Most home equity lines of credit have a variable interest rate. Fixed interest rates -- if available -- typically have higher APRs, but your monthly payments don't change over the life of the line of credit.

What fees does Truist Bank HELOC charge for a HELOC?

Truist Bank HELOC may charge a loan origination fee .

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  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Introductory Rate 7.24%
Purchase Intro APR Period (Fixed APR) 12 months
Annual Fee Up to $50
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Co-borrower
  • Cosigner
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
  • Tax Returns
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Proof of Identity
  • Proof of Residence
  • Government Issued Photo ID
  • U.S. Tax Identification Number
  • Social Security Number
  • Employer Identification Number
Minimum Draw Starting at $5,000
APR Type Fixed APR
Loan Term 5 - 30 years
Loan Amount $15,000 - $1,000,000
APR (Fixed APR) 8.65% - 15.25%
(Verified 03/14/2023)
Interest Rate Types Offered Fixed-Rate Mortgage

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