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
Contact your local branch for historically low and competitive rates.
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?
Locate a branch.
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?
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.
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 16.0% 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.
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.
New York City residents: Translation or other language access services may be available. When calling our office regarding collection activity, if you speak a language other than English and need verbal translation services, be sure to inform the representative. A description and translation of commonly-used debt collection terms is available in multiple languages at www.nyc.gov/dca.
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.