Mortgage Loan Options

We’ll help you choose a mortgage that’s a perfect fit

What type of mortgage is right for you?

With so many loan options to choose from, how do you decide?

Fixed rate

  • Easy to budget since monthly payment does not change
  • Favorable interest rate is locked in for the loan term
  • Good if you're planning to stay in your home more than 5 to 7 years

Construction-to-permanent

  • Single loan finances the lot and construction
  • Interest-only payments for up to 12 months of construction

Low down payment

  • Low down payment required and greater percentage of financing available
  • Flexible ways to fund closing costs
  • Lower income and credit score requirements

Home equity

  • Ideal for financing home improvements or other large expenses
  • Flexible loan or line of credit options
  • Potential tax savings on interest paid

Veterans Administration loan

  • Low or no down payment required
  • Limited income and credit history considered
  • 100% financing available

Shopping for rates?

Estimate your rates

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Type

Amounts

Property

Location

  • Loan amount - This is the amount of the loan that you are requesting.
  • County - You must select your state before you can select a county.
  • Don't see your state? - If your state is not listed in the drop-down box, you may be located outside of our service area. To explore your banking options with BB&T, please contact us at 800-BANK-BBT (800-226-5228).

Trending rates

*Annual percentage yield. See additional information in the disclosures below.

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Check out our mortgage education center to help you make informed decisions at every stage of the mortgage process.

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Loan Assumptions for Trending Rates
Determining rates is a complex process. Because we do not have all of your financial information, the rate and payment results displayed may not reflect your actual situation.

BB&T offers a wide variety of loan options, and you may still be eligible for a loan even if your situation does not match our assumptions. Rates vary according to market conditions and financial profiles.

These example rates are based on the most current APR and: Loan Amount $200,000; Credit Score over 740; Primary Home; Single Family Dwelling; with a 20% down payment or 20% equity in the property.

The proposed monthly payment and rate does not include estimated tax payments or monthly premium payments for flood insurance or homeowners insurance. These amounts will be determined at a later date.

The current rate for the 30-year fixed purchase mortgage is based on a $985 origination fee; 1.125 discount points and would yield 360 equal payments.

The current rate for the 15-year fixed purchase mortgage is based on a $985 origination fee; 1 discount points and would yield 180 equal payments.

The current rate for the 30-year fixed refinance mortgage is based on a $985 origination fee; 1.5 discount points and would yield 360 equal payments.

The current rate for the 15-year fixed refinance mortgage is based on a $985 origination fee; 1.375 discount points and would yield 180 equal payments.

Rates and pricing may vary and are subject to change at any time without notice.

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.

Consumer Handbook on Adjustable-Rate Mortgages coming soon.

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.

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