Apply Now

Home Equity Line of Credit

A SunTrust Access 3® Equity Line is a smart, flexible and affordable way to use your home’s equity to pay for the important things in your life – both now and in the future. Take advantage of special low rates on your initial draw1, and get the flexibility you need for:

  • Home improvements
  • Paying down higher rate balances
  • Major purchases
  • Educational expenses

Save with a SunTrust Access 3 Equity Line

  • No application fees, and as long as your account is kept open for at least three years, we will advance most, if not all, closing costs on your behalf.2
  • Interest may be tax-deductible3
  • Interest rate reductions for qualified SunTrust account holders4

More savings for SunTrust clients

Existing SunTrust clients are eligible for up to 0.25% interest rate reduction off our standard rates for new and refinanced equity lines4. Discounts include:

  • 0.25% interest rate reduction if payments on your equity line of credit are automatically deducted from a SunTrust checking, savings or money market account using SurePaySM.

What you need when you need it

Access 3 lets you select how much you need and when you need it, up to your approved credit limit, any time during the draw period. Choose to conveniently use your checks, Visa® credit access card5 or Online Banking, to access available funds.

Flexible repayment options put you in control

Choose between three flexible repayment options during the draw period. Select the one that best fits your needs or any combination of the three.

Revolving Credit
With a variable rate based on the Prime Rate,6 interest accrues only on the amount you actually use. During the draw period, your minimum monthly payment is 1.5 percent of the outstanding balance, includes the accrued interest and usually reduces the outstanding principal balance.

Interest Only
With a variable rate based on the Prime Rate,6 interest accrues only on the amount you actually use. During the draw period, your minimum monthly payment covers the accrued interest on the outstanding balance, but does not reduce your outstanding principal balance.

Fixed Rate Payment
With a fixed rate and term, there's no guessing about payments. During the draw period, you can set up a fixed monthly payment for each advance (minimum $5,000 per advance) with your choice of repayment terms.7 With this option, you may have up to five fixed rate payment advances outstanding at any one time. You can select from the following terms: 60, 120, 180, or 240 months. Or at closing, you can choose a one-time 360 month term.

Disclaimers

1Special Rate Advance: Special Advance Rate is fixed for one year, and is applicable only for advances taken under the revolving line of credit and interest-only options at the closing of the line, and to be disbursed immediately upon expiration of any applicable rescission period, and is valid for applications received by 7/31/2014 and that close by 9/15/2014. Initial draws taken at closing under these options shall accrue interest at the Special Rate for a period of one (1) year from the date of disbursement of the initial draws. Special Rate Advance may not be used to pay-off or pay-down any SunTrust debt. Advances subsequent to the Special Rate Advance(s) under these options, as well as balances remaining after expiration of the special advance term, shall accrue interest at the standard rate(s) and margin(s) as described below and in your Home Equity Line Agreement.

2For new loans of $10,000 or more, SunTrust will advance certain costs on your behalf, including the first property/collateral valuation obtained by SunTrust, but excluding: any subsequent property/collateral valuation not required by us; and, if required, title insurance and related fees, and any new or increased homeowner’s and/or flood insurance premiums. However, if your account is closed within three (3) years, we will add any closing costs we advanced on your behalf to your outstanding balance for our reimbursement. Total closing costs generally range from $100 to $1,500.

3 Consult your tax advisor regarding deductibility of interest.

4A 0.25% interest rate reduction off the standard rate of a consumer line of credit if the payment is automatically deducted from a SunTrust checking, savings or money market account using SurePaySM. For the Access 3 Equity Line, this interest rate reductions does not apply to Fixed Rate/Fixed Term (Option 3) advances, or during the Repayment Period. All loan discount offers are subject to change. Offer for new and refinanced eligible consumer loans and lines of credit, as well as for credit line increases. A relationship discount is not available on existing consumer loans or lines of credit. Relationship pricing discounts may not be applicable for all products. Consult your banker for details.

5If and as allowed by applicable law. Credit Access Card not available in all states.

6 Minimum required line amount for this interest rate is $50,000 and is based on a maximum Combined Loan-To-Value (CLTV) of 70% or less. The Prime Rate means the highest per annum “Prime Rate” of interest published from time to time by The Wall Street Journal in its “Money Rates” listings, which was 3.25% on 4/1/2014. For lines closed at a SunTrust Bank branch in D.C., MD and Northern Virginia (cities and counties of Alexandria, Arlington, Fairfax, Falls Church, Loudoun and Prince William), standard APRs could range from Prime + 0.74% (currently 3.99% APR) to Prime + 4.54% (currently 7.79% APR). For lines closed at a SunTrust Bank branch in FL, standard APRs could range from Prime + 0.99% (currently 4.24% APR) to Prime + 5.79% (currently 9.04% APR). For lines that close at a SunTrust Bank branch, or an attorney's office when applicable, in AL, AR, MS, and TN, standard APRs could range from Prime + 0.99% (currently 4.24% APR) to Prime + 4.67% (currently 7.92% APR). For lines closed at a SunTrust Bank branch or an attorney’s office when applicable, in NC, SC and VA (excluding the cities and counties of Alexandria, Arlington, Fairfax, Falls Church, Loudoun and Prince William), standard APRs could range from Prime + 0.99% (currently 4.24% APR) to Prime + 4.54% (currently 7.79% APR). For lines closed at a SunTrust Bank branch or an attorney’s office when applicable, in WV standard APRs could range from Prime + 0.99% (currently 4.24% APR) to Prime + 5.04% (currently 8.29% APR). For lines closed at a SunTrust Bank branch, or an attorney's office when applicable, in GA (excluding the counties of Barrow, Bartow, Carroll, Cherokee, Clarke, Clayton, Cobb, Coweta, Dawson, DeKalb, Douglas, Fannin, Fayette, Floyd, Forsyth, Fulton, Gordon, Greene, Gwinnett, Hall, Henry, Lumpkin, Morgan, Oconee, Paulding, Polk, Putnam, Rockdale, and Walton), standard APRs could range from Prime + 0.99% (currently 4.24% APR) to Prime + 5.17% (currently 8.42% APR). For lines closed at a SunTrust Bank branch in the Metropolitan Atlanta, GA area (including the counties of Barrow, Bartow, Carroll, Cherokee, Clarke, Clayton, Cobb, Coweta, Dawson, DeKalb, Douglas, Fannin, Fayette, Floyd, Forsyth, Fulton, Gordon, Greene, Gwinnett, Hall, Henry, Lumpkin, Morgan, Oconee, Paulding, Polk, Putnam, Rockdale, and Walton), standard APRs could range from Prime + 0.99% (currently 4.24% APR) to Prime + 4.92% (currently 8.17% APR). Standard APRs are based on your credit line amount, Combined Loan-To-Value (CLTV) ratio and other factors. The rate is variable during the 10-year draw period and applies only to the revolving line of credit and interest-only options (during the 20-year repayment period for these options, the rate is fixed based upon the Prime Rate in effect on the last day of your draw period plus a margin of 4% with a 20-year straight amortization). The maximum APR is 18% for properties located in FL, GA, TN, AL, SC, VA, MD, DC, AR, WV and MS. The maximum APR is 16% for properties located in NC. Offer and rates subject to change without notice. Offer is only available for owner-occupied, single-family, primary residences and condominiums located in FL, GA, TN, AL, SC, VA, NC, MD, DC, AR, WV or MS, and is not valid on second homes, manufactured homes or cooperatives. SunTrust must be in a valid first- or second-lien position. Exclusions and limitations apply. Property insurance is required and, if applicable, flood insurance will be required. Consult your tax advisor regarding the deductibility of interest. For each advance taken under the Fixed Rate/Fixed Term option, there will be a $15 processing fee if and allowed by applicable law. For Visa® cash advances, the ATM fee is $5 if and as allowed by applicable law. Visa cash advances/ATM access may not be available in all states. Preliminary line decisions are usually made within 24 hours on applications received during normal banking hours.

7You can select from a term of 60, 120, 180, 240, or 360 months. The 360-month term is only available on advances taken at closing, with disbursement occurring immediately following expiration of any applicable rescission period. Fixed Rate/ Fixed Term advances must be at least $5,000 per advance; and you may have up to five (5) outstanding advances under this option at any given time. The APR is indexed to the Prime Rate in effect on the day preceding the first day of the billing cycle in which each such advance is taken, which was 3.25% on 1/1/2013, plus a margin of 4%, which results in an APR of 7.25%.

Visa® is a registered trademark of Visa International Services Association and is used by SunTrust Bank pursuant to a license from Visa® U.S.A., Inc.

Contact Us

To reach a SunTrust representative:

  • 800.SUNTRUST
  • Existing Lines
  • 800.279.4824
  • New Applications
  • Chat Now
Search

Please enter address to search

Securities, Investment and Insurance Products and Services:

  • Are Not FDIC or any other Government Agency Insured
  • Are Not Bank Guaranteed
  • May Lose Value

© 2014 SunTrust Banks, Inc.

Equal Housing SunTrust Bank is an Equal Housing Lender. Member FDIC.

Equal Housing Equal Housing Lender. SunTrust Mortgage, Inc.

SunTrust, SunTrust Mortgage, SunTrust at Work, SunTrust Mobile Banking, SunTrust PortfolioView, SunTrust Robinson Humphrey, SunTrust Solid Theft Protection, Ridgeworth Funds, RidgeWorth Capital Management, Wealth Select, AMC Fund Select, AMC Pinnacle, AMC Premier, Access 3, Bank Your Way Snapshot, Signature Advantage Brokerage, Custom Choice and Sure Pay are federally registered service marks of SunTrust Banks, Inc. All other trademarks are the property of their respective owners.

Services provided by the following affiliates of SunTrust Banks, Inc.: Banking and trust products, including investment advisory products and services, are provided by SunTrust Bank, member FDIC; securities, insurance (including annuities), and other investment products and services are provided by SunTrust Investment Services, Inc., an SEC registered broker/dealer and a member of the FINRA and SIPC, and a licensed insurance agency; investment advisory products and services are offered by SunTrust Investment Services, Inc. and Ridgeworth Capital Management, Inc.; mortgage products and services are provided by SunTrust Mortgage, Inc.

SunTrust Mortgage, Inc. - NMLS #2915, 901 Semmes Avenue, Richmond, VA 23224, toll free 1-800-634-7928 CA: licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, IL: Illinois Residential Mortgage Licensee, MA: Mortgage Lender license #-ML-2915, NH: licensed by the New Hampshire Banking Department, NJ: Mortgage Banker License - New Jersey Department of Banking and Insurance, and RI: Rhode Island Licensed Lender. © 2014 SunTrust Banks, Inc. SunTrust and SunTrust Mortgage are federally registered service marks of SunTrust Banks, Inc. How can we help you shine? is a service mark of SunTrust Banks, Inc.

"SunTrust Advisors" may be officers and/or associated persons of the following affiliates of SunTrust Banks, Inc.: SunTrust Bank, our commercial bank, which provides banking, trust and asset management services; SunTrust Investment Services, Inc., an SEC registered investment adviser and broker-dealer, which is a member of FINRA and SIPC, and a licensed insurance agency, and which provides securities, annuities and life insurance products, and other investment services.

SunTrust Private Wealth Management, International Wealth Management, Business Owner Specialty Group, Sports and Entertainment Group, and Legal and Medical Specialty Groups are marketing names used by SunTrust Banks, Inc., SunTrust Investment Services, Inc., and Ridgeworth Capital Management, Inc.

SunTrust Robinson Humphrey is the trade name for the corporate and investment banking services of SunTrust Banks, Inc. and its subsidiaries, including SunTrust Robinson Humphrey, Inc., member FINRA and SIPC.