Home Equity Line of Credit

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Make life easier with a flexible line of credit

Best if you

  • Have available equity in your home 
  • Have a borrowing need such as home improvement, major purchases or debt consolidation
  • Want   a line of credit that's available when you need it
  • Want overdraft protection for your BB&T checking account


  • Option to lock in balances with a fixed rate and term
  • Enjoy a line of credit that replenishes as you pay it off
  • Borrow at lower interest rates than credit cards
  • Choose from flexible payment options: interest only or 1.5% of the outstanding balance
  • No closing cost option


Contact your local branch for historically low and competitive rates.

Find the right fit

BB&T and SunTrust have joined to become Truist, giving you more options and more opportunities. Explore lending solutions that might be a good fit for you and that offer convenient online applications at suntrust.comexplore SunTrust lending solutions (opens in a new tab).

Both BB&T and SunTrust will continue to offer separate lending solutions for a period of time.  When our systems are combined as Truist, we’ll put all your accounts together.  

Fixed-rate loan option

With our worry-free fixed-rate loan option, you'll get the security of a fixed rate and term—and the peace of mind that comes with predictable payments.

  • Take advantage of competitive rates and a low set-up fee
  • Avoid the hassle of getting a new loan for large purchases
  • Replenish your available line of credit with each loan payment
  • Get up to three loans of at least $5,000 simultaneously


Use your home equity line of credit for any number of large expenses, including:

  • Home improvements
  • Major purchases or appliances
  • Tuition or education costs
  • Medical expenses
  • Debt consolidation
  • Ongoing or unplanned expenses

Ready to get started?

In person

Locate a branch.

Still exploring?

What Do I Need to Apply for a Home Equity Line of Credit?  (Article)

Applying for a home equity line of credit (HELOC) is a bit like applying for a mortgage, minus a couple of steps.

Not convinced that a home equity loan is right for you?

  • 1

    A fixed option may be available on all or portions of your line. Fixed options are priced based on the margin, amount and term selected and will vary from your home equity line variable rate or any promotional rate. Clients may have up to three fixed options at any time on their home equity line. There is a $50 Fixed Option set up fee.

  • 2

    All BB&T HELOCs are subject to credit approval under BB&T’s underwriting guidelines including qualifying lines with certain loan-to-value, debt-to-income and FICO scores. Certain other conditions and restrictions such as 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 on mobile homes, cooperatives or other ineligible collateral types. 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 May 1, 2020, the prime rate is 3.25%. A Texas resident who 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. The maximum rate that can be charged is 18.0% or the maximum permitted by state law, whichever is less. The advertised rate will vary if the client chooses for the bank to pay their closing costs, which is an option in some states if the requested loan amount ≤$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, GA, FL, KY, OH, NJ and IN. Property insurance, and flood insurance where applicable, may be required. This rate offer may change at any time.

  • 3

    Terms and pricing may vary. Some products are not available in all states.

Loans 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.

Truist Bank, Member FDIC and an Equal Housing Lender. 

Branch Banking and Trust Company is now Truist Bank. Learn more.

BB&T and SunTrust have merged to become Truist. Both institutions will continue to offer independent product lines for a period of time. This may include differing underwriting guidelines, product features, terms, fees and pricing. Our friendly teammates at your local SunTrust branches will be happy to walk you through their respective products. You can also learn more by contacting them at 800-SUNTRUST or SunTrust.com.

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