Home Equity Loans and Lines of Credit

Get the extra money you need

You can use the equity in your home to make home improvements, cover a major purchase or consolidate debt.

Choose your best option

Do you want to pay for a one-time expense, or would you like access to money now and in the future?

Unlock the power of your home's equity to pay for everything from home renovations and vehicle purchases to college expenses and debt consolidation.

Home equity line of credit

A flexible line of credit with a variable rate that's available when you need it

  • Low variable interest rate
  • No closing cost option1
  • Easy fixed-rate loan option
  • Convenient account access methods

Home equity loan

A fixed-rate loan with predictable monthly payments to finance one-time expenses

  • Competitive fixed interest rate
  • Appraisal fee paid by BB&T
  • Flexible repayment terms
  • No prepayment penalty 

Looking for an alternative?

If you already have a mortgage, borrowing against your home's equity means that you'll have two mortgages to pay. And depending on your situation, that may make sense for you.

Another option is to refinance your mortgage for more than you currently owe on your home. You'll receive the difference in cash, but only have to make one mortgage payment—so you'll keep more of your money each month.

See refinancing options from BB&T

Still exploring?

To pay for major expenses, you might want to put your home's equity to use with a home equity loan, line of credit or cash-out refinancing.

1All BB&T home equity lines of credit are subject to credit approval under the BB&T underwriting guidelines including qualifying lines with certain loan-to-value, debt-to-income, FICO scores and other underwriting criteria. Certain other conditions and restrictions such as repayment selection, lien position, line size, loan-to-value, closing costs and other loan guidelines 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, 2018, the Prime Rate is 4.50%. 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. These programs may change or end at any time. Minimum line size associated with this rate is $15,000 and the maximum line size associated with this rate is $1,000,000. To receive the discounted introductory rate the client must take an initial draw at closing from the new line of credit of greater than or equal to $15,000. Initial balances of greater than or equal to $15,000 as well as any other outstanding balances on your new line of credit during the first 12 months after loan closing date will be calculated at the introductory variable rate as low as 2.99% APR, which is 1.25% below the current rate of Prime -0.26% (4.24% APR). After 12 months, your APR will revert to a standard variable APR of Prime Rate -0.26% (currently 4.24% APR) for the remaining life of the line. The maximum rate that can be charged is 18.00% or the maximum permitted by state law, whichever is less. The advertised rate is assuming the client pays all closing costs at the time of loan closing. The advertised rate will vary if the client chooses for BB&T to pay their closing costs, which is an option in some states if the requested loan amount is ≤$500,000. Other fees may be charged at origination, closing or subsequent to closing, ranging from $0 to $10,000, and may vary by state. 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 any closing costs BB&T paid on your behalf. There is a $50 annual fee in AL, FL, GA, IN, KY, NJ and OH. Property insurance, and flood insurance where applicable, may be required.

This offer is not available in NJ or PA.

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

All BB&T mortgage professionals are registered on the Nationwide Mortgage Licensing System & Registry (NMLS), which promotes uniformity and transparency throughout the residential real estate industry. Search the NMLS Registry.

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