Truist mortgage review: rates, costs & calculator
Formed from the BB&T–SunTrust merger, a large bank with a deep branch presence across the Southeast and Mid-Atlantic.
Truist mortgage rates: what borrowers actually paid
Truist prices each borrower individually, but federal loan-level records show what its borrowers actually got. On 3,590 conventional 30-year fixed purchase loans with at least 20% down closed in 2025, the median rate was 6.40% and the median APR was 0.19 percentage points below the typical lender's, with $4,827 in loan costs.
| 2025 home purchases | Loans | Median rate | APR vs benchmark | Loan costs | With points |
|---|---|---|---|---|---|
| Conventional · Truist | 3,590 | 6.40% | −0.17 | $4,827 | 51% |
| Conventional · all lenders | 700,082 | 6.50% | +0.02 | $5,476 | 53% |
| FHA · Truist | 443 | 6.25% | +0.32 | $9,961 | 61% |
| FHA · all lenders | 516,729 | 6.25% | +0.42 | $11,291 | 59% |
| VA · Truist | 280 | 6.125% | −0.45 | $6,460 | 63% |
| VA · all lenders | 291,383 | 6.125% | −0.36 | $6,554 | 59% |
| Jumbo · Truist | 149 | 6.175% | −0.50 | $8,519 | 40% |
| Jumbo · all lenders | 30,788 | 6.625% | +0.00 | $10,251 | 38% |
What the numbers say
- On conventional loans, Truist's median APR ran 0.19 percentage points below the typical lender's (−0.17 vs +0.02 percentage points against the benchmark) — roughly $42 a month on a $325,000 loan at today's 7.18% average rate.
- Other loan types: FHA 0.10 percentage points below the market (443 loans); VA 0.09 percentage points below the market (280 loans); Jumbo 0.50 percentage points below the market (149 loans).
- Borrowers paid a median $4,827 in loan costs — $649 less than the $5,476 typical across all lenders.
- 61% of its loans came with lender credits toward closing costs, versus 33% overall.
How Truist compares on conventional loans
| Lender | Loans | Median rate | APR vs benchmark | Loan costs | Lender credits |
|---|---|---|---|---|---|
| Truist | 3,590 | 6.40% | −0.17 | $4,827 | 61% |
| Chase | 20,595 | 6.49% | −0.13 | $4,695 | 28% |
| U.S. Bank | 8,383 | 6.49% | −0.09 | $4,634 | 88% |
| Wells Fargo | 8,331 | 6.375% | −0.18 | $5,267 | 80% |
| Bank of America | 6,488 | 6.25% | −0.28 | $4,758 | 40% |
| All lenders | 700,082 | 6.50% | +0.02 | $5,476 | 33% |
Source: 2025 HMDA loan-level records (FFIEC/CFPB), 30-year fixed home purchases compared like for like. APR vs benchmark = median APR minus the average prime offer rate the week the rate was set; loan costs are borrower-paid. How we measured this.
Truist mortgage calculator
Estimate a Truist payment: enter the rate from your Loan Estimate, or start from today's 7.18% average 30-year fixed rate. For reference, Truist's 2025 conventional purchase loans closed at a median 6.40%.
Prefer a full-page version? Open the mortgage calculator.
Truist by the numbers
| Home loans originated (2025) | 41,059 |
|---|---|
| Total lending (2025) | $14.1B |
| Average loan size | $344,327 |
| Approval rate* | 58% |
| Volume rank (our roster) | #26 of 60 |
| Largest market | Florida |
Source: federal HMDA data (2025), FFIEC/CFPB. *Approval rate = loans originated ÷ (originated + denied). It reflects a lender's channel and borrower mix — wholesale, online and refi-heavy lenders run lower because many applications are rate shops that never close — not how hard it is to work with. See our lender-approval analysis.
What Truist actually lends
23.6% of Truist's 2025 loans were rate-and-term refinance loans, versus 15.3% nationally. Truist lists FHA and VA loans, but they were under 2% of its 2025 originations — if you need one, ask how many the loan officer closes.
| Share of 2025 loans | Truist | U.S. |
|---|---|---|
| Conventional | 97% | 78% |
| FHA | 1.7% | 13.2% |
| VA | 1.2% | 8.2% |
| USDA | 0.1% | 0.6% |
| Home purchase | 31.5% | 52.5% |
| Rate-and-term refinance | 23.6% | 15.3% |
| Cash-out refinance | 5.1% | 14% |
Shares of originated loans by loan type and purpose, federal HMDA data (2025). They describe the lender's business mix, not the terms you would be offered.
Truist at a glance
Truist is one of the country's largest regional banks, created in December 2019 when BB&T and SunTrust combined in a self-described merger of equals.
The blended name reflects a blended footprint: BB&T's Carolinas-and-Virginia roots joined SunTrust's Atlanta-centered Southeast presence, and the company is now headquartered in Charlotte, North Carolina.
Mortgages are one line inside a full-service bank that also handles checking, wealth management, and commercial lending, and that branch-and-banker model shapes how its home loans are sold and serviced.
In 2025 Truist originated 41,059 home loans worth about $14.1 billion, with an average loan size near $344,000.
Where Truist's approval rate sits
Truist's 2025 approval rate of 58% sits against the 76.6% national average. Read it as a signal of channel, not strictness — wholesale, online and refinance-heavy lenders run lower because so many applications are rate shops that never close.
Its lending is heavily concentrated in its home region rather than spread evenly across the country: Florida (17,438 loans), North Carolina (16,568), Virginia (13,945), Georgia (12,452), and Maryland (7,784) account for the bulk of its volume, tracing the old BB&T and SunTrust branch maps almost exactly.
Mortgages are offered in most states, but the physical branch network and in-person service remain a Southeast and Mid-Atlantic story.
What distinguishes Truist is its emphasis on affordability programs and relationship banking. It pairs a standard menu of conventional, FHA, VA, USDA, jumbo, construction, and refinance loans with a Community Homeownership Incentive Program and a physician-focused doctor loan, and it offers pricing discounts to existing deposit customers.
The reported 58% HMDA approval rate looks modest, but that figure blends purchase, refinance, and home-equity applications typical of a large retail bank and is not a clean measure of how hard it is to get a purchase mortgage.
Who Truist is best for
Truist is worth a look for buyers in its Southeast and Mid-Atlantic strongholds who value a local branch and a banker they can sit across from, and especially for moderate-income households in eligible areas targeting its Community Homeownership program.
Physicians and dentists early in their careers are another natural fit, given the doctor loan's low-down-payment, no-PMI structure. Existing Truist deposit customers may also capture relationship pricing.
Loan programs at Truist
Its most notable programs and specialties:
- Community Homeownership Incentive Program (CHIP) — as little as 0-3% down with no mortgage insurance for income-eligible buyers, plus up to $10,000 in assistance in qualifying areas of FL, GA, NC, SC, and VA
- Doctor loan for residents, interns, fellows, physicians, and dentists — up to 100% financing on eligible loan amounts with no PMI and flexible debt-to-income treatment
- Conventional fixed- and adjustable-rate mortgages, plus jumbo loans for higher balances
- Government-backed FHA, VA (including IRRRL streamline refinances), and USDA loans
- Construction-to-permanent loans for building a primary or second home
- Home equity loans, HELOCs, and cash-out refinancing for tapping existing equity
Typical industry minimum down payment by core loan type — Truist's own minimums or credit overlays may run higher:
| Loan program | Typical min. down |
|---|---|
| Conventional | 3% |
| FHA | 3.5% |
| VA | 0% |
| Jumbo | 10–20% |
Strengths
- Strong branch and banker access across the Southeast and Mid-Atlantic for buyers who prefer in-person guidance
- CHIP program combines low or no down payment, no mortgage insurance, and up to $10,000 in assistance for eligible buyers
- Dedicated doctor loan with no-PMI financing and flexible underwriting for early-career medical professionals
- Full product range under one roof — FHA, VA, USDA, jumbo, and construction — alongside deposit-relationship pricing discounts
Considerations
- In J.D. Power's 2025 U.S. Mortgage Origination Satisfaction Study, Truist scored 709, below the study average of 760.
- Lending is concentrated in the Southeast and Mid-Atlantic: Florida, North Carolina, Virginia and Georgia made up 53.9% of Truist's 2025 HMDA records, with none in Alaska or Hawaii
Where Truist lends most
By federal HMDA records, Truist's largest 2025 markets were Florida, North Carolina, Virginia, Georgia and Maryland. Explore local rates, home prices and down-payment assistance for each:
States where Truist is a top-15 lender
Ranked by home loans originated in 2025 (HMDA). Each state page compares Truist with the other leading lenders there, including FHA and VA leaders and what their borrowers paid.
The verdict
Truist is a solid mainstream choice for buyers in its Southeast and Mid-Atlantic base who want a full-service bank, a nearby branch, and standout affordability programs like CHIP and its doctor loan.
The trade-offs are a less polished digital experience and below-average satisfaction scores in recent surveys. If you value in-person help and may qualify for its assistance programs, it deserves a quote; rate shoppers who prefer an online-first process should still compare.
How to compare Truist
Shopping a few lenders is the single most reliable way to save. Before you commit to Truist:
- Get three or more Loan Estimates in a two-week window — the bureaus treat it as one inquiry.
- Compare the APR, not just the headline rate — it folds in the fees.
- Weigh service and loan-type fit, not price alone.
- Verify licensing: search Truist on NMLS Consumer Access and match the NMLS ID to the one on your Loan Estimate. (Its LEI in federal HMDA data, JJKC32MCHWDI71265Z06, is not a license number.)
Benchmark whatever you're quoted against today's this week's rate averages.
Truist FAQ
Is Truist a good mortgage lender?
Truist is a licensed U.S. mortgage lender and one of the largest, roughly #26 of 60 in our roster by 2025 volume, best for southeast borrowers.
On price, its 2025 conventional borrowers' median APR was 0.19 percentage points below the typical lender's, with $4,827 in loan costs against $5,476 market-wide.
Whether it's right for you comes down to the rate and fees it quotes — compare its Loan Estimate with two or three others.
What are Truist's mortgage rates today?
Truist sets rates daily by loan type, credit score, down payment and points, so the rate that counts is the one on your Loan Estimate.
For context, the average 30-year fixed rate was 7.18% in Freddie Mac's survey for the week of November 5, 2026; in 2025, Truist's conventional purchase loans closed at a median 6.40%, against 6.50% for all lenders.
How many mortgages does Truist originate?
In 2025, Truist originated about 41,059 home loans, roughly $14.1 billion in lending, per federal HMDA data — an average loan of about $344,327.
What loan types does Truist offer?
Truist offers Conventional, FHA, VA, Jumbo. Notable programs include Community Homeownership Incentive Program (CHIP) — as little as 0-3% down with no mortgage insurance for income-eligible buyers, plus up to $10,000 in assistance in qualifying areas of FL, GA, NC, SC, and VA; doctor loan for residents, interns, fellows, physicians, and dentists — up to 100% financing on eligible loan amounts with no PMI and flexible debt-to-income treatment; conventional fixed- and adjustable-rate mortgages, plus jumbo loans for higher balances.
How do I verify Truist is licensed?
Search the company's name on NMLS Consumer Access (nmlsconsumeraccess.org), the official registry of licensed mortgage companies and loan officers; the NMLS ID it shows is also printed on every Loan Estimate the lender issues. (The ID JJKC32MCHWDI71265Z06 used on this page is the company's LEI, which identifies it in federal HMDA data — not a license number.)
This review is editorial and independent — Truist did not pay for or approve it, and all figures are from public federal data. It is general information, not a recommendation or personalized advice. Confirm all terms directly with the lender.
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