Truist HELOC Review 2026

Truist HELOC is a solid mid-tier option in 2026: variable rates around Prime (8.25%) + 0.50–1.50% margin depending on credit/LTV, $0 closing costs on most lines, and a fixed-rate lock option letting you convert portions to fixed. Strengths: no closing costs, rate discounts for Truist checking customers (0.25–0.50%), fast digital application. Weaknesses: rates rarely beat credit unions, 620+ score needed for best terms, and the draw period is 10 years with 20-year repayment.Check your personalized rate →

Truist HELOC rates in September 2026: variable APR ≈ 8.75–10.25% (Prime 8.25% + margin 0.50–2.00% based on credit score, CLTV, and line size). Truist checking customers get 0.25–0.50% autopay discount. Fixed-rate lock option: ~9.00–10.50% fixed for locked portions. Intro promos occasionally offer 6.99% for 6–12 months. For comparison: credit unions average 8.50–9.50%, online lenders 8.75–10.75%.Check your personalized rate →

Truist requires a minimum ~620 credit score for a HELOC, but best rates need 720+. Other requirements: max 85% CLTV (combined loan-to-value), DTI under 43%, verifiable income, and the property must be your primary residence or second home (no investment properties). Minimum line: $15,000–$25,000 depending on state. Maximum: $500,000.Check your personalized rate →

Truist advertises $0 closing costs on HELOCs — they cover appraisal, title, and recording fees on most lines. Catch: if you close the line within 36 months, you repay the closing costs (early closure fee ≈ $400–$600 equivalent). Annual fee: $50 (waived first year, waived with Truist checking). Inactivity fee may apply if unused. Rate lock fee: ~$15–$25 per fixed-rate conversion.Check your personalized rate →

Truist HELOC timeline in 2026: application to approval ≈ 2–4 weeks, closing ≈ 30–45 days total. The digital application takes 15 minutes; Truist uses automated valuation (AVM) on many properties, skipping the full appraisal. Faster alternatives: online lenders like Figure close in 5–10 days; credit unions take 3–6 weeks. Truist is mid-pack for speed — faster than big banks, slower than fintechs.Check your personalized rate →

Truist vs competitors in 2026: vs Bank of America — similar rates, Truist has better digital experience. vs Credit unions (PenFed, NFCU) — CUs win on rate (0.25–0.75% lower) but require membership. vs Figure/Aven — fintechs close 3x faster but have higher fees. vs Third Federal — Third Fed often has the lowest rates nationally but slower process. Verdict: Truist is best for existing Truist customers (relationship discount) and borrowers wanting a big-bank name with $0 closing costs. Rate-shoppers should compare CUs first.Check your personalized rate →