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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.


1Special Rate Advance: The special advance rate is fixed for one year and is applicable only for an initial advance of $25,000 or more taken under the revolving or interest-only option at or before the closing of the line of credit, to be disbursed immediately upon expiration of any applicable rescission period, and is valid for approved applications received from 11/16/2015 to 2/29/2016 and that close by 4/15/2016. An initial advance of $25,000 or more taken at closing under one of these options shall accrue interest at the Special Rate for a period of one (1) year from the date of disbursement of the advance. Special Rate Advance is not available for purchase money Access 3 lines and may not be used to pay off or pay down any SunTrust debt. Advances under these options 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.

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. For equity lines secured by a condominium unit, you may be required to pay a Condominium Questionnaire fee, between $50 and $500, to your Home Owner's Association. 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 reduction does not apply to promotional rate advances, 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.

6Minimum 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 except in FL where it is based on a maximum CLTV of 60% 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 10/25/15. Standard APRs are variable during the 10-year draw period and applies only to the revolving line of credit and interest-only options; are based on your collateral property location, credit line amount, Combined Loan-To-Value (CLTV) ratio and other factors; and can range from Prime + 0.74% (currently 3.99% APR) to Prime + 8.54% (currently 11.79% APR) (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 as 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 10/25/15, 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

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Investment and Insurance Products:

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

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