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  SunTrust Bank Home Equity Loans

SunTrust Bank Home Equity Loans

in Home Equity Loans from SunTrust Bank

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SunTrust Bank Home Equity Loans

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in Home Equity Loans from SunTrust Bank

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Highlights
Highlights
APR  (Fixed APR) 5% - 18%
Loan Amount $10,000 - $500,000
Loan Term 5 - 30 years

SunTrust Bank Home Equity Loans Review

Where does SunTrust Bank Home Equity Loans do business?

SunTrust Bank Home Equity Loans is based in Atlanta, GA. The company was founded in 1865 and offers home equity loans to borrowers in 11 states (and Washington, DC).

How much can you borrow with a SunTrust Bank Home Equity Loans home equity loan?

A home equity loan allows homeowners to borrow money using their home as collateral (similar to a mortgage). Loan amounts vary depending on the value of the home minus the balance of any mortgages or liens on the property.

SunTrust Bank Home Equity Loans allows borrowers to apply for home equity loans of up to $500,000. The actual maximum loan amount 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.

What home equity loan rates does SunTrust Bank Home Equity Loans offer?

SunTrust Bank Home Equity Loans offers home equity loans with a fixed APR that ranges from 5% up to 18%.

Remember the APRs of home equity loans do not include points and financing charges, just the interest rate.

What is the estimated funding time for a home loan via SunTrust Bank Home Equity Loans?

SunTrust Bank Home Equity Loans will typically fund home equity loans within 3 and 7 days of approval.

What fees does SunTrust Bank Home Equity Loans charge for a home equity loan?

SunTrust Bank Home Equity Loans may charge a loan origination fee

What types of property can you use as security for a home equity loan with SunTrust Bank Home Equity Loans?

Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. SunTrust Bank Home Equity Loans will consider loans secured by the following property types:

  • Primary home.

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Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 11 states and Washington, D.C.
  • Alabama
  • Arkansas
  • Washington, DC
  • Florida
  • Georgia
  • Maryland
  • Mississippi
  • North Carolina
  • South Carolina
  • Tennessee
  • Virginia
  • West Virginia

Feature Breakdown

No Prepayment Fee  
Minimum Age 18
Credit Score Range 660 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Intended Use
  • Primary Home
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • Tax Returns
Joint Loan Applications Accepted
  • Co-borrower
Verification Documents Required
  • Government Issued Photo ID
  • Proof of Identity
  • Proof of Income
  • Proof of Residence
  • Social Security Number
  • Driver License (or other photo ID)
Funding Time Range (in days) 3 - 7
Joint Loans Available  
Loan Amount $10K - $500K
Loan Term 5 - 30 years
APR (Fixed APR) 5% - 18%

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