Truist Bank Mortgage 2026 | U.S. News
Truist
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- People who are looking for affordable lending options
- People who qualify for specialized mortgage products, such as loans for doctors
- People who are established Truist banking customers
Truist Bank does not disclose many specific loan qualifications. In general, requirements vary based on the mortgage program you choose. Traditional mortgages generally follow Freddie Mac and Fannie Mae guidance.
Specialized loan programs like the Doctor Loan also has unique criteria, such as no money down and no private mortgage insurance.
Loan officers can help prospective homeowners learn how to qualify for a particular mortgage product. When determining loan eligibility, Truist Bank takes into consideration factors like credit score and the expected ability to repay the loan.
NMLS #53632
Truist Bank offers a variety of mortgage products, including refinancing and home equity lines of credit. The lender, based in Charlotte, North Carolina, was formed in 2019 after SunTrust Bank merged with BB&T.
The first step to applying for a Truist loan is to head to its website. You can start your application online or search for a local loan officer by calling 855-257-4040 or scheduling an appointment.
- Complete an online profile that includes personal information and details about your assets and finances. You’ll be able to get personalized rates and compare loan options you might qualify for.
- Upload a series of required documents, such as pay stubs and bank statements. A loan officer can guide you online, over the phone or in person.
- Receive your loan estimate within three business days. Loan processing begins after you confirm your intent to proceed. Then the lender requests an application fee and orders a home appraisal.
- Lock in your rate and provide a copy of your property insurance policies at least 15 days before closing. At least three business days before closing, the lender gives you the closing disclosure, which the loan processor reviews with you.
If you have a Truist Bank checking account, you may be eligible for an interest rate discount.
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Down Payment Or Closing Cost Assistance |
In 2025, the Consumer Financial Protection Bureau received 293 mortgage-related complaints for Truist Financial Corp. The majority of those complaints related to trouble during the payment process. Truist Bank provided a timely response to all complaints. Of those, 237 were closed with an explanation, 46 were closed with nonmonetary relief and 10 were closed with monetary relief.
Truist offers both rate-and-term and cash-out refinancing.
Homeowners that want to tap into their equity can also take a home equity loan with Truist. It offers fixed-rate loans, which the lender says close within 30 to 45 days.
Truist also offers a home equity lines of credit with special introductory variable rates. In addition to a regular HELOC, borrowers can also get a secured line of credit starting at $100,000 or LightStream home improvement loan.
An initial payment made when the home is bought.
The amount of time you have to repay the mortgage.
The APR (annual percentage rate) you pay to the lender, which can be found in your loan agreement. The default displayed represents yesterdays national average APR for 30-year fixed mortgages.
