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Last Updated: 04/18/2025

Truist HELOC

from BB&T

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

$5,000

Loan Term (Years)

5 - 30

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.
Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for Truist HELOC.

Truist HELOC Pros & Cons

Pros

Cons

Charges an origination fee of up to 5% of the loan amount.
Charges prepayment fees.
Only available in 19 states.

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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Contact

Headquarters

110 S. Stratford Rd.

Winston Salem, NC 27104

(336) 733-3300

Visit Site

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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SuperMoney Net Recommendation Score

This product has no reviews yet. Help others by sharing your thoughts.

-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.