Is Truist a Good Bank for Mortgage Loans

Buying a home is one of the biggest financial decisions you’ll ever make — and choosing the right bank for your mortgage loan is just as important. If you’re considering Truist Bank for a mortgage, you’re probably asking:

“Is Truist a good bank for mortgage loans?”

In this blog post, we’ll break down Truist’s mortgage loan offerings, interest rates, pros and cons, and customer reviews to help you make a confident choice.

🔍 Who is Truist Bank?

Truist Bank was formed from the merger of BB&T and SunTrust in 2019. As one of the largest banks in the U.S., Truist serves millions of customers across the country with a full range of banking services — including home loans, refinancing, and first-time buyer programs.

🏡 What Mortgage Products Does Truist Offer?

Truist provides a variety of mortgage loan options designed to meet different needs:

✅ Conventional Loans

• Ideal for buyers with good credit
• Fixed or adjustable rates
• Competitive terms

✅ FHA Loans

• Great for first-time buyers
• Lower credit score requirements
• Low down payment (as little as 3.5%)

✅ VA Loans

• For veterans and active-duty military
• No down payment required
• Backed by the Department of Veterans Affairs

✅ Jumbo Loans

• For high-value properties
• Flexible eligibility requirements
• Fixed and variable rates available

✅ Construction-to-Permanent Loans

• Finance new builds with one-time closing
• Converts to a traditional mortgage after construction

✅ Refinance Options

• Lower your interest rate or monthly payment
• Cash-out refinance also available

💰 Are Truist Mortgage Rates Competitive?

As of 2025, Truist offers competitive mortgage interest rates, especially for buyers with strong credit and stable income. Rates vary depending on your:

• Credit score
• Loan amount
• Loan term (15-year vs. 30-year)
• Down payment
• Location

Tip: Use Truist’s online mortgage calculator to estimate your rate and monthly payment.

⭐ Pros of Getting a Mortgage with Truist

1. Strong Customer Support

Truist offers personalized loan guidance, either in-branch or online. Many customers mention easy access to loan officers and timely updates.

2. Wide Loan Options

From FHA and VA to jumbo and refinance, Truist covers nearly all types of mortgages.

3. User-Friendly Online Tools

Their digital application process is smooth and easy to use. You can apply online, upload documents, and track your loan status 24/7.

4. Flexible Credit Requirements

Truist considers more than just credit scores — they look at your entire financial profile, making loans more accessible to qualified borrowers.

⚠️ Cons of Truist Mortgage Loans

1. Limited Branch Locations

If you’re outside their primary service areas (mainly the South and East Coast), in-person support may be limited.

2. Mixed Online Reviews

Some customers report slow processing times or communication issues. However, experiences vary widely depending on the branch and loan officer.

3. Fees Can Be Higher

Truist may charge origination or processing fees. Be sure to compare closing costs with other lenders before committing.

📊 Truist Mortgage Reviews: What Are Customers Saying?

Positive Feedback:

• Easy loan approval process
• Helpful loan officers
• Transparent communication

Negative Feedback:

• Delays in underwriting during peak times
• Inconsistent service across branches

⭐ Google Rating (2025 average across major cities): 4.1/5
⭐ BBB Accreditation: Yes

So, Is Truist a Good Bank for Mortgage Loans?

Yes — for many borrowers, Truist is a solid option for home loans  If you value personalized service, a variety of loan products, and a user-friendly online process, Truist could be a strong choice.

However, like any lender, it’s essential to compare rates, fees, and reviews before making a final decision. Shopping around can save you thousands over the life of your mortgage.

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Final Tips Before Applying for a Mortgage with Truist

• Check your credit score before applying
• Get pre-approved to strengthen your offer when house hunting
• Compare Truist with at least 2 other lenders
• Ask about closing costs, origination fees, and rate locks

FAQs – Truist Mortgage Loans

Q1: Does Truist offer mortgages to first-time home buyers?
A: Yes! Truist offers FHA loans and first-time homebuyer programs with low down payments and flexible credit requirements.

Q2: Can I apply for a Truist mortgage online?
A: Yes. You can apply through their website, upload documents, and track your application digitally.

Q3: Does Truist offer rate locks?
A: Yes. Rate lock periods vary depending on your loan type and closing timeline.