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Home Equity Line of Credit
Unlock the power of your primary or secondary home's equity with a flexible credit line that lets you access your money when you need it. A Home Equity Line of Credit can be used for large purchases, home improvements, tuition, and even vacations—whatever you choose.
| Features | Enjoy ongoing access to funds (up to your credit limit), so you can borrow and repay money when it's convenient for you. |
| Recommended Uses |
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| Minimum Line Amount | $10,000 |
| Maximum Term | Funds may be advanced for up to 15 years |
| Competitive Interest Rates | Prime + 0% for life of line (currently 3.25% variable APR)1 |
| Tax Advantages | Interest may be up to 100% tax deductible2 |
| Choice of Repayment Options |
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| Fees and Closing Costs | None3 |
| Fixed Option Feature |
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| Immediate Access to Money |
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| Overdraft Protection |
Avoid overdraft fees and protect your credit rating by linking your Home Equity Line of Credit to a BB&T checking account. Learn More | View Overdraft Notice |
Resources
Articles Getting Approved
Managing and Consolidating Debt
What is the Application Process?
Home Equity or Auto Loan?
Home Equity Loan, Line of Credit or Refinance?
Adding Value to Your Home
Insuring Your Improvements
Calculators How much can I borrow?
What will my payment be?
Should I consolidate my debt?
What are my tax savings?
Home Equity
1 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.
2 Consult your tax advisor for details. A 1098 will be issued as required by law.
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.
Online offers and fees may vary from those available at BB&T financial centers.
Branch Banking and Trust Company is a Member FDIC and an Equal Housing Lender. 
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