Truist Mortgage
Existing Truist customers with large deposit balances seeking a meaningful mortgage rate discount.
Borrowers wanting transparent, instantly comparable rates without speaking to a loan officer.
Truist's mortgage product is a legitimate, full-service offering from one of the largest U.S. banks, but it's difficult to evaluate on rate alone because the page publishes no specific rate figures—you're funneled into an application or phone call to see numbers. That's a meaningful friction point compared with competitors who post daily rate tables upfront. The standout feature is the relationship discount program: existing Truist customers with $100K or more in qualifying balances can shave up to 0.75 percentage points off their mortgage rate. With the Fed Funds Rate sitting at 3.63% and 30-year conventional mortgage rates broadly elevated, a 0.50%–0.75% discount for high-balance customers is genuinely material—potentially saving tens of thousands of dollars over a loan term. For borrowers without existing Truist accounts, there's little on this page to differentiate the product from other large-bank mortgage offerings. Loan variety is solid—FHA, VA, doctor loans, construction-to-permanent, and jumbo options are all present. The fully online application with a real-time progress tracker is a baseline expectation at this tier, not a differentiator. Rate-shoppers should pull a personalized quote and benchmark it directly against current market averages before committing.
Request a Loan Estimate (federal form) to compare the full APR, not just the rate. Confirm all origination fees and closing costs.
Jun 13, 2026
SwitchWize Research Desk · methodology
- No monthly maintenance fee
- FDIC insured up to $250,000
| Loan Type | APR |
|---|---|
| 30-Year Fixed | 6.21% |
| 15-Year Fixed | 6.12% |
Apply fully online at truist.com, call 844-487-8478, or find a local Truist loan officer. Getting pre-approved first is recommended—it takes up to a week and is valid for 120 days. Have income, asset, and debt documents ready before starting.
Truist's mortgage product is a legitimate, full-service offering from one of the largest U.S. banks, but it's difficult to evaluate on rate alone because the page publishes no specific rate figures—you're funneled into an application or phone call to see numbers. That's a meaningful friction point compared with competitors who post daily rate tables upfront. The standout feature is the relationship discount program: existing Truist customers with $100K or more in qualifying balances can shave up to 0.75 percentage points off their mortgage rate. With the Fed Funds Rate sitting at 3.63% and 30-year conventional mortgage rates broadly elevated, a 0.50%–0.75% discount for high-balance customers is genuinely material—potentially saving tens of thousands of dollars over a loan term. For borrowers without existing Truist accounts, there's little on this page to differentiate the product from other large-bank mortgage offerings. Loan variety is solid—FHA, VA, doctor loans, construction-to-permanent, and jumbo options are all present. The fully online application with a real-time progress tracker is a baseline expectation at this tier, not a differentiator. Rate-shoppers should pull a personalized quote and benchmark it directly against current market averages before committing.
What is the difference between a mortgage interest rate and APR?
The interest rate is what the lender charges to borrow the principal. APR (annual percentage rate) folds in lender fees, origination charges, and points into one comparable number. Always compare APR when shopping lenders — a low rate with high fees can cost more than a slightly higher rate with lower fees.
What credit score do I need to qualify?
Most conventional mortgages require a minimum 620 FICO score; FHA loans allow as low as 580 with 3.5% down. Higher scores unlock lower rates — a 40-point difference can shift your rate by 0.25–0.50%.
How long does mortgage underwriting take?
Most purchases close in 30–45 days from application; refinances typically take 30–60 days. A pre-approval (full credit and income check) can be done in 1–3 business days at most lenders.
Rates are sourced from Bankrate and verified by SwitchWize. SwitchWize may earn a referral fee when you click through to a partner. Content is for informational purposes only and does not constitute financial advice. Verify current rates directly with the institution before opening an account.