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Truist Bank
Bank|Charlotte, NC|National
Loans Originated
13,874
Applications
21,189
Volume
$6 billion
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Strong
Overall Pull Through
Strong
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐Jumbo Superstar⭐USDA Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.078%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$802
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
65.5%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Competitive pricing compared to the market
- Lower than average lender fees
- Strong pull through performance
- High volume lender with significant market experience
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
- Nationwide availability with consistent service
Report Card
Truist Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Strong | Highly Competitive | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
Jumbo | Exceptional | Market Leader | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Exceptional | Market Leader | |
Places Geographic coverage | Strong | National · 50 metro areas · 49 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$435,305
Average Borrower Income
$200,014
Average Property Value
$612,065
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Exceptional | Strong | Strong | 11,144 | 80.3% | +0.097% | $762 |
FHA Loans | Strong | Strong | Strong | Sound | 771 | 5.6% | +0.268% | $1,984 |
VA Loans | Strong | Strong | Strong | Sound | 498 | 3.6% | -0.430% | $1,648 |
Jumbo Loans | Strong | Exceptional | Strong | Strong | 1,398 | 10.1% | -0.035% | $163 |
USDA Loans | Strong | Exceptional | Exceptional | Sound | 63 | 0.5% | -0.155% | $1,372 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Exceptional | Strong | Strong | 10,988 | 79.2% | +0.022% | $571 |
Refinance | Strong | Exceptional | Sound | Strong | 2,886 | 20.8% | +0.280% | $1,633 |
Geographic Coverage
Metro Areas
49
States Served
49
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
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Top Metro Areas by Place Specialization Score
1
Frederick, MDMSA
Volume: 441Mix: 3.18%
Place Specialization
Exceptional
2
Greenville, NC, NCMSA
Volume: 138Mix: 0.99%
Place Specialization
Exceptional
3
Arlington, VA-WVMSA
Volume: 874Mix: 6.30%
Place Specialization
Exceptional
4
Richmond, VA, VAMSA
Volume: 492Mix: 3.55%
Place Specialization
Exceptional
5
Raleigh, NCMSA
Volume: 539Mix: 3.88%
Place Specialization
Exceptional
6
Atlanta, GAMSA
Volume: 898Mix: 6.47%
Place Specialization
Exceptional
7
Charlotte, NC-SCMSA
Volume: 639Mix: 4.61%
Place Specialization
Exceptional
8
Baltimore, MDMSA
Volume: 494Mix: 3.56%
Place Specialization
Exceptional
9
Marietta, GA, GAMSA
Volume: 289Mix: 2.08%
Place Specialization
Exceptional
10
Washington, DC, DC-MDMSA
Volume: 264Mix: 1.90%
Place Specialization
Exceptional
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
VAState
Volume: 1,973Mix: 14.22%
Place Specialization
Exceptional
2
NCState
Volume: 2,669Mix: 19.24%
Place Specialization
Exceptional
3
MDState
Volume: 1,241Mix: 8.94%
Place Specialization
Exceptional
4
GAState
Volume: 1,612Mix: 11.62%
Place Specialization
Exceptional
5
WVState
Volume: 366Mix: 2.64%
Place Specialization
Exceptional
6
SCState
Volume: 628Mix: 4.53%
Place Specialization
Exceptional
7
FLState
Volume: 1,767Mix: 12.74%
Place Specialization
Strong
8
KYState
Volume: 397Mix: 2.86%
Place Specialization
Strong
9
TNState
Volume: 510Mix: 3.68%
Place Specialization
Strong
10
PAState
Volume: 533Mix: 3.84%
Place Specialization
Strong
Showing 10 of 36 states
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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