Mortgages and Home Equity
Whether you’re looking to buy a first or second home or a vacation or investment property, your BB&T advisor will work with you to find flexible mortgage options to fit your financial situation.
Home equity loans from BB&T—secured by your primary or secondary residence—come with a set rate, term and monthly payment amount. Our home equity lines of credit allow you to borrow funds at any time up to your available credit limit.
Physician Loans
BB&T is proud to offer home financing options designed to meet the unique mortgage needs of our local physicians.
Physician loans are available to medical interns, residents, fellows and licensed physicians who have completed their residencies, internships or fellowships within the past 10 years.
Contact an advisor or call us at 800-388-3085 to learn more.
Conventional Mortgages
Your BB&T advisor will help you find the home financing package that best fits your needs. Benefits for Wealth clients include:
- Customized home financing options that work in concert with your overall financial strategy
- Exclusive mortgage products and discounts
- A wide range of lending packages for primary and secondary residences, vacation homes, or investment properties
Jumbo Mortgages
A jumbo mortgage is a loan that exceeds the maximum amount allowed by most common mortgage investors. While the cost of obtaining a jumbo mortgage is generally higher than that of a conventional mortgage, your BB&T advisor may be able to provide some flexibility based on your financial circumstances.
BB&T also offers super jumbo mortgages and adjustable rate mortgage (ARM) interest-only options.
Vacation Home or Second Home Mortgages
Whether you’re considering a vacation property or second home as an investment, as a getaway, or both, BB&T has available mortgage packages with a variety of very competitive rates and terms.
Home Equity Loans and Lines of Credit
With a Wealth Tax Advantage Credit Line from BB&T, you can finance education, large purchases, or unexpected expenses; make home improvements; or consolidate debt.
Your credit line is based in part on the value of your property, and you’ll have the advantage of paying interest—which may be tax deductible—only on the funds you use. Other features include:
- Minimal costs and fees
- Flexible repayment options
- Interest may be up to 100% tax deductible1
- No appraisal fee2
Bridge Loans
Use the equity in your current home as a down payment on a new home. A bridge loan from BB&T removes the time pressure to sell your current home, freeing you to close on your new home at your convenience. Features include:
- Competitive rates and terms
- Interest-only payments available
- Interest may be tax deductible
Make a Fully Informed Decision
Your BB&T Wealth advisor will carefully consider your entire financial situation and work with you to find the best available mortgage or home equity loan.
Contact an advisor or call us at 800-388-3085.
