Build financial confidence with a low rate Equity Line from SunTrust.

You’re invited to apply for a Home Equity Line of Credit, which allows you to use the equity in your home as a smart borrowing tool.

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Features and Benefits:

  • Variable rates start as low as Prime + 0.75%, currently 4.00% APR1
    Lower rates than most credit cards, personal loans, and competitors.
  • No closing costs
    We will advance most, if not all, closing costs on your behalf and waive reimbursement as long as your account is open for at least three years.3
  • Fixed and variable rate repayment options
    Two flexible repayment options to choose from during the draw period. Borrow what you need, when you need it, up to your approved limit.
  • Interest may be tax-deductible when used for home improvements that substantially improve your property's value
    A tax advisor can advise you regarding the deductibility of interest.
Purpose Driven Lender
SunTrust Bank has been in the banking business for more than 125 years and is passionate about helping our clients and communities achieve financial confidence. That's why we launched the onUp Movement - to inspire everyone to take a step toward financial confidence. To learn more, visit onup.com.

View our rates | Frequently Asked Questions

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Call 866-472-6612 or visit suntrust.com/equityline

Use a SunTrust Equity Line for:

check mark imageHome improvements
check mark imageDebt consolidation
check mark imageEducation expenses
check mark imageMedical costs
check mark imageUnexpected expenses

Subject to credit approval, eligibility and credit qualifications.

1 SunTrust Equity Line: Minimum required line amount for this interest rate is $100,000 and is based on a maximum Combined Loan-To-Value (CLTV) ratio 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 5/1/2020. Standard APRs under this option are variable during the 10-year draw period and 20-year repayment period and apply only to the variable rate option; are based on your collateral property location, credit line amount, Combined Loan-To-Value (CLTV) ratio and other factors; and can range from Prime + 0.75% (currently 4.00% APR) to Prime + 6.91% (currently 10.16% APR) (during the 20-year repayment 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 CA, 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 CA, FL, GA, TN, AL, SC, VA, NC, MD, DC, AR, WV or MS, and is not valid on manufactured homes or cooperatives. SunTrust must be in a valid first- or second-lien position. Credit criteria, 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.

Fixed Rate/Fixed Term advances are available for terms of 60 months, 120 months, 180 months, and 240 months. A term of 360 months is available but only for advances taken at closing, with the disbursement occurring immediately following expiration of any applicable rescission period. Each advance must be at least $5,000, 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% as of 5/1/2020, plus a margin. Current fixed rates range from 6.39% to 7.54% APR depending on the term. For each advance taken under the Fixed Rate/Fixed Term option, there will be a $15 processing fee (except in MD and NC).

3 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.

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