Truist Mortgage

Truist Mortgage

Formerly SunTrust Mortgage

 4.0/5 (591 reviews)

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About Truist Mortgage

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Truist Mortgage (NMLS #399803) is the mortgage branch of Truist, a commercial bank based in Charlotte, North Carolina, with over 15 million clients in the U.S. Truist publishes rates on its website and offers an online preapproval and application process for its home loans, which include a mix of conventional and government-backed products. Truist Mortgage is available in 47 states, with mortgage professionals based in select areas.

    Pros & Cons


    • Publishes daily rates online
    • Digital application
    • Low- and no-down-payment options
    • Doctor and construction-to-permanent loans


    • Limited physical branches and agents
    • No USDA loans

    Bottom Line

    Truist Mortgage provides conventional, jumbo, FHA and VA loans, as well as HELOCs. You can check current rates, get preapproved and apply online. In select states, loan officers can help you find local assistance programs.

    Top Truist Mortgage Reviews

    Rated with 5 stars

    Over the 25 plus years we have dealt with this mortgage company, there were times we were not pleased. However they made sure the matter was solved to our satisfaction! We would r...

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    Rated with 2 stars

    I was finally able to secure a HELOC earlier this year. …. The rate they did give me was good, but the loan officer blatantly ignored all my questions and correspondence regarding...

    Read full review


    Truist shows current rates for purchase and refinance loans on its website. You can see current purchase loan rates for 15- and 30-year fixed-rate conventional loans, 30-year jumbo loans, 30-year FHA loans and 30-year VA loans. You can also check refinance rates on 15- and 30-year fixed-rate conventional loans. Truist shows you interest rates and annual percentage rates (APRs) with zero mortgage points and one mortgage point.

    Though it doesn’t show current rates for adjustable-rate mortgages (ARMs), Truist does offer this them. As interest rates increase, adjustable-rate mortgages (ARMs) gain in popularity because they start with lower rates. An ARM might make sense if you plan to move before the initial fixed-rate period ends.

    In recent years, Truist’s average rate for a home purchase loan has been very close to the national average; in 2021, it was 0.04% below the average.

    Truist average home purchase rate vs. national average

    YearDifference from national average
    2021 -0.04%
    2020 +0.02%
    2019 -0.05%
    Information pulled from public Home Mortgage Disclosure Act data. Rates reflect noncommercial home purchase loans only.

    Application process

    You can start the mortgage process with Truist by seeking preapproval. Preapproval shows you an estimate of how much you can borrow and is based on a soft credit inquiry and an unverified review of your income, assets and expenses.

    Once you’ve found a home and have an accepted offer, you’ll work with your loan officer to fill out a formal loan application. Truist will need to verify income, asset and debt documentation, which you can upload electronically. You can also track application progress online.

    Truist Mortgage application features

    Online application
    Mobile document upload
    Physical branches 17 states
    Publishes minimum rate on website
    Rate lock At least 15 days
    Pre-qualification (no hard credit pull)
    Certified approval letter

    Loan types

    Truist Mortgage offers an array of products: conventional, FHA, VA, jumbo,  construction-to-permanent and doctor loans.

    In 2021, Truist closed 23,285 home purchase loans out of 32,941 home purchase loan applications (70.7%). It denied 4,519 home purchase applications (13.7%).

    Loan applications for home purchases only by year

    Home purchase applications 32,941 43,052 23,904
    Home purchase loans closed 23,285 30,035 16,883
    Home purchase applications denied 4,519 5,870 2,891
    Home purchase preapprovals denied 0 0 0
    Information pulled from public Home Mortgage Disclosure Act data. Includes conventional, USDA, VA and FHA mortgages.


    In both 2020 and 2021, mortgage rates were historically low, leading to an upswing in refinancing across the industry. However, with rates going back up, refinance loans figure to be less popular. Refinancing with Truist may be a good idea if you can get a lower interest rate, change your loan term or take cash out of your home equity with a cash-out refinance.

    From 2019 to 2021, Truist made more refinance loans (including both rate-and-term and cash-out types) than home purchase loans.

    Home purchase vs. refinance loans by year

    Home purchase loans 23.62% 27.41% 29.81%
    Refinance loans 30.3% 31.33% 27.8%
    Cash-out refinance 12.11% 13.11% 9.72%
    Information pulled from public Home Mortgage Disclosure Act Data. Includes conventional, USDA, VA and FHA mortgages.

    HELOC and home equity loans

    Truist also offers home equity lines of credit (HELOCs). If you’re already a homeowner and are interested in using the equity you’ve built up in your home, this option might appeal to you. Truist allows you to choose a HELOC with a fixed or variable interest rate on each draw. At the time of publishing, Truist HELOCs are available in 18 states and Washington, D.C.


    Truist doesn’t share specifics about borrower qualifications, other than saying it weighs six general factors when considering applicants: income, income stability, credit history, how your new mortgage payment compares with your current housing costs, whether you have enough money for a down payment and closing costs, and the property appraisal.

    Even before applying for preapproval with Truist, you can use its online calculator to figure out how much you can afford to pay for a home and a monthly payment. If you have questions about whether you meet the minimum requirements for a mortgage, speaking with a Truist mortgage professional over the phone should help. A local professional — available in some states — can also help you determine if you qualify for any down payment grants or assistance.

    National mortgage requirements by type

    Min. credit scoreMin. down paymentCompare with other lenders
    Conventional Typically 620 Typically 3% Mortgage lenders
    FHA 500 3.5% with 580 credit score FHA lenders
    VA Set by lender (often 580) 0% VA lenders

    Truist doesn’t offer USDA loans. For more information about this type of loan, read our guide on USDA lenders.

    Cost and fees

    Costs and fees on a Truist Mortgage home loan vary based on factors such as your location and the type of loan. Closing costs may include lender fees (e.g., points, origination fees), third-party vendor fees (e.g., appraisal fee, title insurance), government fees (e.g., recording fees, transfer of taxes) and prepaid escrow deposits (e.g., taxes, insurance).

    Once you complete your application with Truist, it will send you a Loan Estimate within three business days. This form includes the costs and fees that are part of your loan. You’ll then see finalized numbers at least three days before closing in the Closing Disclosure form.


    How does Truist Mortgage work?

    Truist Mortgage offers an online process for getting preapproved and applying. Loan officers are available by phone and in person in some areas to guide you and answer questions. Once you apply, you can track the progress of your loan online.

    Is Truist Mortgage legit?

    Truist Mortgage is a legitimate lender that originates tens of thousands of home loans each year. Truist formed in late 2019 after the merger of BB&T Corporation and SunTrust Banks.

    Where is Truist Mortgage available?

    Truist Mortgage loans are available in all states except Alaska, Arizona and Hawaii. HELOCs are available in 18 states and Washington, D.C.

    Truist Mortgage Reviews

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    • Rated with 1 star

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    Page 1 Reviews 0 - 10
    Rated with 1 star
    Verified Reviewer Verified Buyer
    Original review: May 20, 2023

    Truist added a bad check fee to my mortgage the first day after they acquired my loan from another bank. I had no contacts with them until after I was informed of the loan moving. How could I have possibly written them a bad check before they ever sent me a bill. This is just an overbilling scam that shady institutions perpetrate on unwitting customers. Then they make it impossible to deal with their customer service to get anything corrected. I give up. I will just be paying the unfair fee, because it’s easier than calling back again. It’s easier than dealing with their automated responses. They don’t have any option to fill in a form or email to make contact. You have to call, and they make that as unpleasant as possible.

    Be the first one to find this review helpful
    Rated with 1 star
    Verified Reviewer
    Original review: May 3, 2023

    My mortgage was transferred from Suntrust to Truist and it's been the worst experience I've ever had in dealing with banks. I arranged for bi-weekly payments for my mortgage and instead of only taking half of the mortgage every two weeks they've been taking the whole mortgage every two weeks. I've called them numerous times to get it fixed but the people I get on the line are no help whatsoever. It's truly ridiculous and maddening.

    Be the first one to find this review helpful

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      Rated with 1 star
      Verified Reviewer
      Original review: March 17, 2023

      Worst bank ever Truist! Customer service horrible! Over checking and saving account ….They won’t even close bank accounts the right way and there is 6 overdraft fee …. They won’t give your money back after dispute!!! They have crazy reasons why not …. I mean it. The worst bank ever!!!!

      Be the first one to find this review helpful
      Rated with 1 star
      Verified Reviewer
      Original review: Feb. 26, 2023

      During loan approval the bank refused for 2 months to correct the calculations, after 2 months they change interest rate and added a point in cost of loan and they without my consent make the loan as locked in. 11 months later they have not responded to my list of questions.

      Be the first one to find this review helpful
      Rated with 1 star
      Verified Reviewer
      Original review: Oct. 25, 2022

      Calling the mortgage help number is an exercise in self humiliation. The rude representatives act like you're stupid for calling, and barely try to help. I've been trying to order my mortgage contract documents for 3 weeks now and still haven't received a simple email with my documents. Embarrassing customer service.

      2 people found this review helpful
      Rated with 1 star
      Verified Reviewer
      Original review: Oct. 21, 2022

      I was trying to refinance my house and after all the paperwork was faxed and paid for the appraisal I got turned down. They did too many hard inquiries with my credit and now I am starting over to build credit.

      Be the first one to find this review helpful
      Rated with 1 star
      Verified Reviewer
      Original review: March 8, 2022

      Hold times on phone over two hours to speak to a customer service representative when you are trying to register to pay your new mortgage. Customer service agent quickly passed the buck and sent to me another extension with another expected 50 minute hold time for the next representative. Do not do business with this mortgage company. Their mobile apps and alternative registration options do not work.

      4 people found this review helpful
      Rated with 1 star
      Verified Reviewer
      Original review: Feb. 7, 2022

      We did a VA refinance thru Suntrust in 2021 only because a lot of banks do not have VA refinance loans. It took 6 months to complete when I was told 60 days at the start. Never do a VA refinance thru Suntrust if you want a professional experience. We ended up paying thousands more because they took 6 months instead of 2 like they promised.

      Be the first one to find this review helpful
      Rated with 1 star
      Verified Reviewer
      Original review: Oct. 28, 2021

      Absolutely HORRENDOUS/non-existent customer service. 6+ months of routine calls attempting to get answers to important questions regarding my mortgage, my forbearance status, etc. Dead-end phone options that state "this is no longer a working number" and automatically end the call, completely non-existent Home Preservation "Specialist" that does not return calls or answer emails - might as well be a ghost. Of all the things for which to provide terrible, atrocious customer service... a MORTGAGE should not be one of them. I will avoid SunTrust/Truist for the rest of my life.

      11 people found this review helpful
      Rated with 1 star
      Verified Reviewer
      Original review: Oct. 21, 2021

      Of all the banks that I have ever dealt with, this bank has the WORST customer service ever. Their wait times are 1-2 hours long, they operate on EST, which for someone in CA is pointless, and their customer service agents hang up on customers. They bought over 17,000 new mortgages and then sent out threatening letters and emails saying that we were delinquent in our accounts and threatening to send us to collections in violation of state and federal laws! They weren't even sorry about that and just said that the letter went out "in mistake"!

      This company should be investigated and punished for that gross violation and abuse of customers. When I asked them to sell off my mortgage and transfer it to another bank they laughed and said that they wouldn't do that because I have great credit and that they didn't want to do that. This is by far my worst experience with a bank, especially with a mortgage by far. Do NOT do business with this bank and pray that they never buy your mortgage.

      9 people found this review helpful

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        1. Federal Financial Institutions Examination Council, “HMDA Data Publication.” Accessed Aug. 29, 2022.

        Truist Mortgage Company Information

        Company Name:
        Truist Mortgage
        Formerly Named:
        SunTrust Mortgage