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Home Equity Lines of Credit
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Last Updated: 04/18/2025

Truist HELOC

in Home Equity Lines of Credit from BB&T

Last Updated: 04/18/2025

Truist HELOC logo
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Highlights

Credit Score Range

N/A

Amount Range

$15,000 - $1,000,000

Maximum LTV

N/A

Minimum Draw

$5,000

Loan Term (Years)

5 - 30
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Truist HELOC Review

Truist HELOC is offered by BB&T , a bank founded in 1872 and based in Winston Salem, NC. truist heloc are available in 19 states.

Key Takeaways

  • No primary residences considered. Truist 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.
  • Origination fees of 2% to 5%. This is on the high end for lenders on SuperMoney's database.

Truist HELOC Pros & Cons

Truist 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.

What are the terms for Truist HELOC?

HELOCs include a draw period followed by a repayment period. During the draw period, borrowers can access funds as needed up to the credit limit.
Truist HELOC offers home equity loans with terms ranging from 5 to 30 years.

Is there a minimum draw requirement?

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

What fees does truist heloc charge for a HELOC?

Truist HELOC may charge an origination fee. 2% to 5% of the loan amount. Dollar fees may range from $0 to $10,000.

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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

110 S. Stratford Rd.
Winston Salem, NC 27104
(336) 733-3300
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Email Support

Hours of Operation

Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed

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