Home Equity Loan

Make the most of your home’s equity with a low fixed rate, fixed term SunTrust Home Equity Loan. You’ll receive the total loan amount up front and have the stability of regular monthly payments for a set time period.

A variety of flexible repayment terms are available to best fit your budget, and each scheduled payment reduces the principal balance. And with same-day approval, it's easy to get started.1

An equity loan requires that you have a current mortgage; however, SunTrust also offers borrowing options for homeowners without a mortgage. Consider a SunTrust Access 3® Equity Line of Credit or a Simple Home Refi.

Save with a SunTrust equity loan

  • No application fees, points or closing costs2
  • Interest may be tax-deductible3
  • Interest rate reductions for qualified SunTrust account holders4

More Savings for SunTrust Clients

Existing SunTrust clients are eligible for a 0.25% interest rate reduction off our standard rates for new and refinanced equity loans4. Discount includes:

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

1Preliminary loan decisions are usually made within 24 hours on applications received during normal banking hours.

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.

3Consult your tax advisor regarding deductibility of interest.

4A 0.25% interest rate reduction off the standard rate of a consumer loan or 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 reduction 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.

Contact Us

To reach a SunTrust representative:

  • 800.SUNTRUST
  • Existing Loans
  • 800.279.4824
  • New Applications
  • Chat Now
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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.

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