Truist HELOC review
What Truist's home equity line of credit offers, who it fits, and what to check, from the lender's own published terms.
Reviewed by Shawn Way, NMLS #1007298★ 4.9 from 111 reviewsUpdated
Disclosure: Shawn Way is a loan officer at West Capital Lending, Inc., which competes with these lenders. HELOCHQ isn't paid by any lender for reviews, and every fact below comes from the lender's own published terms.
Who should consider the Truist HELOC?
The Truist HELOC fits homeowners in its 19 states plus D.C., including California, who want a big-bank HELOC with published pricing and plan to draw early. As of October 26, 2026, the variable rate is prime +0.25% to +6.85% (7.25%–13.85% APR) after a 9-month intro rate, with lines up to $1 million and a 16%–18% cap by state.
On this page
Terms at a glance
| Type | Regional bank |
|---|---|
| Rate | Variable, prime +0.25% to +6.85% (7.25%–13.85% APR); 9-month intro rate from prime −1.51%; cap 16%–18% by state |
| Credit score | Not published by Truist as of October 26, 2026; ask the lender. Excellent credit needed for the lowest rates |
| Max borrowing | Not published by Truist as of October 26, 2026; ask the lender |
| Line size | $15,000–$1,000,000 |
| Terms | 10-year draw, 20-year repayment |
| Fees | Truist may pay most closing costs if the line stays open 3 years; otherwise $0–$10,000 by state; $15 per fixed-rate advance |
| Fixed-rate option | Up to 5 fixed-rate advances of $5,000 or more, for 5 to 30 years (7.24%–14.83% APR) |
Source: Truist, checked October 26, 2026.
Use a free calculator, or get your HELOC rate from Shawn.
Who it fits
- California and Southeast homeowners who want a big-bank HELOC with published pricing
- Borrowers who'll draw early and benefit from a 9-month intro rate
- People planning several fixed-rate draws
What to check
- The intro rate ends after 9 months; compare the standard margin
- Closing within 36 months means repaying closing costs Truist paid
- One Truist HELOC per borrower; investment properties aren't eligible
Our take
Truist publishes more pricing than most banks: a standard range of prime plus 0.25 to 6.85 points, a 9-month intro rate and a fixed-rate range. It lends in California, which many eastern banks don't. The intro rate is attractive for a large early draw, but the long-term cost depends on your standard margin, which varies widely. Keep the line at least three years or expect to repay closing costs.
Questions to ask Truist
- What will my margin be after the intro period?
- Which closing costs would I pay in my state if Truist doesn't cover them?
- What is the lifetime cap in my state?
- How long is the intro rate guaranteed for my application date?
If it doesn't fit
- A lender with no early-closure clawback if you may sell within three years
- A credit union if your standard margin quote is high
How to compare it
Put any offer side by side on margin over prime, total fees, draw terms and fixed-rate options. Prime is 7.00% as of October 28, 2026. A broker with access to more than 180 lenders can price several of these in one application; check your rate and compare them with a direct quote from Truist.
Head to head
Shawn Way is a loan officer at West Capital Lending, Inc., which may compete with the lenders reviewed here and may also arrange loans through some of them as a mortgage broker. Facts come from each lender's own website on the date shown and can change; confirm current terms with the lender.
Sources
Official sources behind this guide.
- What is the difference between a home equity loan and a HELOC? · Consumer Financial Protection Bureau
- What you should know about home equity lines of credit (booklet, PDF) · Consumer Financial Protection Bureau
- Regulation Z §1026.40: Requirements for home equity plans · Consumer Financial Protection Bureau