Home Equity Loans and Lines of Credit

¹ This rate is applicable for first lien requests for up to 60 months and may change without  notice. Other rates and terms are available, and requests to refinance existing BB&T debt may be higher. For first lien requests where the property value is $1 million or less, the maximum LTV is 80%. To qualify for these rates, client should have a minimum beacon score of 700 and a debt-to-income ratio of 40% or less. Exceptions may involve those clients with a high "BNI" score. This score is provided by the credit bureau, and is used to assess the likelihood of Bankruptcy being declared within a 24-month period. Other qualifications and requirements apply. For purposes of comparison, a consumer who finances $20,000 at a term of 60 months and at an annual percentage rate of 2.99% would remit 60 payments of $359.28. For purposes of comparison, a consumer who finances $50,000 at a term of 180 months and at an annual percentage rate of 3.99% would remit 180 payments of $369.59. These payments do not include tax or insurance costs; the total payment obligation may be higher. Property and, if applicable, flood insurance must be in effect on the property being secured. Rates are for owner-occupied single-family residences and not valid for rental properties, manufactured homes, residential lots, cooperatives or properties held in trust. A Texas resident that has financed or refinanced a homestead or home equity in the previous 12 months may not be eligible for another homestead or home equity loan based on state law.

² Minimum line size associated with this rate is $25,000 ($50,000 in MD, DC, and parts of VA). Certain other conditions and restrictions may apply. This offer is limited to owner-occupied, single family dwellings and is not valid for rental properties, cooperatives, mobile homes, or residential lots. Prime Rate is a variable rate based on the Prime Rate published on the first day of each month in the Eastern Edition of The Wall Street Journal. As of January 1, 2013, the Prime Rate is 3.25%. The annual percentage rate offered of 3.25% is a variable rate, and is subject to change. The maximum rate that you can be charged is 18% or the maximum permitted by state law, whichever is less. There is no origination fee charged to open a BB&T Home Equity Line. Other fees may be charged at origination, closing or subsequent to closing, ranging from $0 to $1500, and may vary per state. A client opting to make interest-only payments on a outstanding balance of $25,000 would remit $67.71 per month at the advertised APR (3.25% variable APR). Other rates available. There is a $50 annual fee in AL, GA, FL, KY and IN. The special no origination fee offer may not be available for requests to refinance existing BB&T debt. Property insurance, and flood insurance where applicable, may be required. BB&T will pay the appraisal fee for a non-jumbo loan (less than or equal to $417,000). If you pay off your BB&T Home Equity Line of Credit within 36 months from the date of loan origination, you may be required to remit the appraisal fee or other closing costs BB&T paid on your behalf. The fees and rates presented online may vary from offers available in BB&T branch locations.

³ BB&T will pay the appraisal fee for a non-jumbo loan (less than or equal to $417,000). If you pay off your BB&T Home Equity Loan or Line of Credit within 36 months from the date of loan origination, you may be required to remit the appraisal fee or other closing costs BB&T paid on your behalf. There is no annual fee on a BB&T Home Equity Line of Credit unless you live in the following states: AL, GA, FL, KY, and IN, where there is a $50 annual fee. For first lien requests, BB&T will currently waive the origination fee on BB&T Home Equity Loans.

⁴ Consult your tax advisor for details. A 1098 will be issued as required by law. 

Disclosures for Appraisal Notification, Information Storing, Insurance, and Non-Availability of BB&T Payment Protection Options

Online offers and fees may vary from those available at BB&T financial centers.

No Origination Fee offer may not be available when refinancing existing BB&T debt.

Loans, lines of credit and credit cards are subject to credit approval.

Branch Banking and Trust Company is a Member FDIC and an Equal Housing Lender.

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