Access valuable mortgage benefits as a Truist client.

A rate discount^{Disclosure 1} can save you money on mortgage interest, while a closing cost credit reduces the amount you pay when closing. Let’s look at three examples.

Example 1
Maria keeps $100,000 across her Truist checking, savings, and investment accounts. When she applies for a $510,000 mortgage, her combined balances earn her a .25% interest rate discount on her 30-year fixed rate.

A .25% interest rate discount will save Maria roughly $83 per month and more than $30,000 over the life of her 30-year loan.

Example 2
David and Jordan currently keep $150,000 with Truist, earning them a .25% discount on their mortgage. They also hold $100,000 in a brokerage account at another institution. By moving that external balance to a Truist investment account, their total qualifying assets rise to $250,000, pushing them into the next tier and making them eligible for a .375% interest rate discount.

On their $1.2 million mortgage, that amounts to roughly $293 in savings per month and more than $100,000 saved over the full 30-year term. Consolidating assets with Truist helps them unlock a larger discount and reduce the long-term costs of ownership.

Example 3
Stacey is purchasing a new home and has $75,000 with Truist between her checking and savings accounts. When she applies for a $350,000 mortgage, she qualifies for a relationship pricing lender credit based on her eligible balances. At closing, Stacey receives a $500 lender credit that helps reduce her eligible closing costs, lowering the amount she needs to bring to closing.

As her relationship with Truist grows and her eligible balances increase, she may qualify for additional relationship pricing benefits on future mortgage loans, subject to program requirements.

Note: For clients who qualify for relationship pricing, we’ll verify balances 7 days prior to closing to ensure the balance has been maintained