Home Equity Loans and Lines of Credit

Get the extra money you need

You can use the equity in your home to make home improvements, cover a major purchase or consolidate debt.

Choose your best option

Do you want to pay for a one-time expense, or would you like access to money now and in the future?

Unlock the power of your home's equity to pay for everything from home renovations and vehicle purchases to college expenses and debt consolidation.

Home equity line of credit

A flexible line of credit with a variable rate that's available when you need it

  • Low variable interest rate
  • No closing cost option1
  • Easy fixed-rate loan option2
  • Convenient account access methods

Home equity loan

A fixed-rate loan with predictable monthly payments to finance one-time expenses

  • Competitive fixed interest rate
  • Appraisal fee paid by BB&T
  • Flexible repayment terms
  • No prepayment penalty 

Looking for an alternative?

If you already have a mortgage, borrowing against your home's equity means that you'll have two mortgages to pay. And depending on your situation, that may make sense for you.

Another option is to refinance your mortgage for more than you currently owe on your home. You'll receive the difference in cash, but only have to make one mortgage payment—so you'll keep more of your money each month.

See refinancing options from BB&T

Still exploring?

To pay for major expenses, you might want to put your home's equity to use with a home equity loan, line of credit or cash-out refinancing.

1The client may choose for the bank to pay their closing costs if the requested loan amount is <$500,000. If you pay off your BB&T Home Equity Line of Credit within 36 months from the date of loan origination, you may be required to remit any closing costs BB&T paid on your behalf. A Texas resident who has financed or refinanced a homestead or home equity in the previous 12 months may not be eligible for another homestead of home equity loan based on state law. There is a $50 annual fee in AL, GA, FL, KY, OH, NJ and IN. Property insurance and flood insurance where applicable, may be required. These programs are subject to change at any time and other lending options may be available to you which may have different costs, rates and fees that may be charged at origination, closing or subsequent to closing, ranging from $0 to $10,000, and may vary by state. Be sure to contact your local BB&T associate to discuss all your lending options.

2A fixed option may be available on all or portions of your line. Fixed options are priced based on the margin, amount and term selected and will vary from your home equity line variable rate or any promotional rate. Clients may have up to three fixed options at any time on their home equity line. There is a $50 Fixed Option set up fee.

Loans, lines of credit and credit cards are subject to credit approval.

All BB&T mortgage professionals are registered on the Nationwide Mortgage Licensing System & Registry (NMLS), which promotes uniformity and transparency throughout the residential real estate industry. Search the NMLS Registry.

Branch Banking and Trust Company is a Member FDIC and an Equal Housing Lender. Equal Housing Lender icon