Home Equity Line of Credit (HELOC)

"Highest in Customer Satisfaction with Home Equity Line of Credit"

J.D. Power award

Use the equity in your home to help pay for what matters most — now and in the future.

With a SunTrust Home Equity Line of Credit, you can take advantage of a special variable rate, Prime minus 1.26%, currently 3.74% APR for 12 months1 on initial advances of $25,000 or more at closing under the variable rate option. For balances at the end of 12 months and advances after closing with this option, rates start between Prime + 0% and Prime + 0.49%, currently 5.00% to 5.49% APR2 (includes a 0.25% interest rate reduction for an optional SurePaySM (automatic) payment from a SunTrust bank account5.)

  • Lower interest rates than many other loans
  • Fixed or variable rate repayment options during draw period
  • Manage your monthly payment so it works for you
  • Flexibility to draw the money you need, when you need it

Apply in 4 easy steps.

  • Complete Application

    Apply online, in a branch or over the phone in less than 15 minutes.

  • Preliminary Loan Decision

    If approved, a SunTrust representative will contact you within 24hours to discuss the details and documents required.

  • Loan Processing

    SunTrust reviews your submitted documents and orders any applicable property services, including title and appraisal.

  • Final Decision & Loan Closing

    Review the final approved terms and schedule a convenient time and day to sign the loan documents in a branch.

How large of a line of credit can I obtain?

Important Information About These Products

For J.D. Power 2018 award information, visit jdpower.com/awards.

Subject to credit approval, eligibility and credit qualifications.

1 Special Rate Advance: The special advance rate is variable for twelve (12) months and is applicable only for an initial advance of $25,000 or more taken under the variable rate option at the closing of the line of credit, to be disbursed immediately upon expiration of any applicable rescission period, and is valid for applications received by 7/31/18 and that close by 9/15/2018. An initial advance of $25,000 or more taken at closing under this option shall accrue interest at the Special Rate for a period of twelve (12) months from the date of disbursement of the advance. Special Rate Advance may not be used to pay off or pay down any SunTrust debt. Advances under this option subsequent to the Special Rate Advance, as well as any promotional balance remaining upon expiration of the Special Rate, shall accrue interest at the standard rate(s) and margin(s) as described below and in your Equity Line Agreement. Offer subject to change without notice at any time.

2 Minimum required line amount for this interest rate is $100,000 and is based on a maximum Combined Loan-To-Value (CLTV) of 70% or less. As low as rates vary by state/geographic region. The lowest rate listed includes an optional 0.25% interest rate reduction obtained if the payment is automatically deducted from a SunTrust checking, savings or money market account using SurePay. For the SunTrust Equity Line, this interest rate reduction does not apply to promotional rate advances, Fixed Rate/Fixed Term Advances or during the Repayment Period. All loan and line discount offers are subject to change. Offer is available for new and refinanced consumer home equity lines as well as for home equity credit line increases. Relationship pricing discounts are not available on existing consumer loans or lines of credit. 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 5.00% on 6/14/18. Standard APRs are variable; are based on your collateral property location, credit line amount, Combined Loan-To-Value (CLTV) ratio and other factors; and can range from Prime + 0.25% (currently 5.25% APR) to Prime + 8.54% (currently 13.54% APR) (during the 20-year repayment period for this option, the APR will continue to be calculated at a variable rate and your minimum monthly payment will be 1/240th of the total balance at the end of the draw period, plus interest and any applicable fees/charges). 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. For each advance taken under the Fixed Rate/Fixed Term option, there will be a $15 processing fee (except in MD and NC). There is a $65 annual fee, if and as allowed by applicable law, which is waived for clients with a Signature Advantage account or clients enrolled in Premier Banking. Preliminary line decisions are usually made within 24 hours on applications received during normal banking hours.

3 Consult a tax advisor regarding the deductibility of interest.

4 For new lines 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 $2,000.

5 A 0.25% interest rate reduction off the standard rate of a consumer line of credit is available if the payment is automatically deducted from a SunTrust checking, savings or money market account using SurePay. For the SunTrust Equity Line, this interest rate reduction does not apply to promotional rate advances, Fixed Rate/Fixed Term advances, or during the Repayment Period. All line 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.

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