Truist HELOC Review 2026
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Our Take
5.0
Truist is one of the largest HELOC lenders in the country by loan volume. It offers an interest rate below prime for the first nine months, and borrowers can get a rate discount by enrolling in autopay. However, you won’t find customized sample rates online.
Pros
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High maximum borrowing limit.
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Offers a fixed-rate repayment option.
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No initial draw requirements.
Cons
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Typical time to close (27 days) is longer than the average among lenders surveyed by NerdWallet (19 days).
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Annual fee of $50.
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Sample rates are not customizable online.
Full Review
💲Truist HELOC Rates
HELOC rates are determined by two things. The first is the prime rate, a benchmark interest rate that banks set to determine the lowest rate offered to their most creditworthy customers. The prime rate is generally set around 3% above the federal funds rate.
The second part is a margin, which the lender calculates based on your financial qualifications (including your credit score, existing debts and income). The prime rate plus your margin equals your HELOC rate offer.
Current prime rate — last changed Dec. 2025 | Prime rate last week | Prime rate in the past year — low | Prime rate in the past year — high | Projected median prime rate for 2026 |
|---|---|---|---|---|
6.75% | 6.75% | 6.75% | 7.5% | 6.4% |
Truist does not post sample HELOC rates online; you’ll only find the minimum and maximum HELOC rates available.
👍 Reasons to get a Truist HELOC
Truist was the 9th largest HELOC lender by volume in 2025, according to data from Inside Mortgage Finance. Borrowers can take advantage of an initial interest rate below prime for the first nine months, and can get a rate discount by enrolling in autopay.
Truist’s maximum borrowing limit of 89% is higher than many competitors, and the fixed-rate repayment option will be attractive to borrowers who prefer predictable payments. Truist’s HELOC has a standard 10-year draw period, followed by a 20-year repayment period.
There are no origination fees or initial draw requirements. Truist HELOCs are available for second homes.
» MORE: Best HELOC lenders
🤔 Reasons to pause before applying for a Truist HELOC
Borrowers will pay an annual fee of $50. Truist reported that the typical time to close on a HELOC is 27 days, longer than the average of 19 days reported by lenders surveyed by NerdWallet.
📎 Ways to apply for a Truist HELOC
How to Apply | Availability |
Online 🧑💻 | ✅ |
Over the phone 📞 | ✅ |
Mobile app 📶 | 🚫 |
In person 🏦 | ✅ |
Borrowers can contact Truist customer service in person, over the phone or via live chat on the lender’s website.
🛒 Alternatives to a Truist HELOC
Wondering if another lender or product might be a better fit? It’s worth it to shop around to learn more about your options.
Borrowers who want an introductory HELOC rate below prime may be interested in FourLeaf Federal Credit Union, which offers this for the first 12 months — the longest introductory period among lenders we surveyed.
If you’re looking for a fixed interest rate, TD Bank is a five-star HELOC lender with a fixed-rate option.
If you need a fast closing and can’t afford to wait, Figure’s HELOC makes funding available in as few as five days.
A HELOC isn’t your only option
You can also explore products outside of HELOCs. Alternatives to home equity lines of credit include a home equity loan, which offers a lump sum with a fixed rate, or a cash-out refinance, which replaces your existing mortgage with a larger loan.
Of these options, Truist offers cash-out refinancing.
Borrow from your home’s equity
NerdWallet rates home equity line of credit lenders based on what matters most to borrowers: HELOC rates and fees, how much of a lender’s business is dedicated to home equity lines of credit, HELOC market share, product accessibility, borrowing flexibility and features, customer experience and rate transparency.
We review more than 40 lenders and score HELOC lenders using a weighted system that prioritizes affordability, flexibility and a smooth borrowing experience. Lenders earn higher scores for offering lower borrowing costs, higher combined loan-to-value (CLTV) limits, flexible draw and repayment terms, fixed-rate options, faster closing times and clear, accessible rate information, along with strong customer support throughout the process.
We use a mix of lender-provided information, publicly available data and our own analysis to evaluate each lender. Recent regulatory actions may affect a lender’s score.
