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BBVA Compass

Home Equity Loan

Make your home equity work for you now.

  • Benefits
  • Features
  • Rates & Fees

Need a lump sum of money? If you have equity available in your home, consider our home equity loan. It offers:

  • The flexibility to use the money for anything from taking a vacation to paying off credit card debt.
  • A lower interest rate than other loans and credit cards.
  • Potential tax savings. (Consult a tax adviser for further information regarding the deductibility of interest and charges.)

And that's just the start.

Uses

Use it for any purpose: debt consolidation, home improvements, major purchases (appliances, cars, RVs, boats, etc.), refinancing of existing mortgage, vacations, major or medical expenses, etc.

Ways to Access

You get the lump sum of the loan 3 business days after your closing

Minimum Amount

$10,000

Term
  • 15 yrs maximum for loans $10,000 - $49,999
  • 30 yrs maximum for loans $50,000 or more
Closing Costs

Special closing costs options available**

Tax Deduction

Potentially tax-deductible interest for year-end taxes (check with your tax advisor)

Fixed Rate

All home equity loans are set at a fixed rate with regular monthly payments

Want to learn more? Get our APR & Fees

* Texas Residents Only: State law prohibits credit card access to your line of credit and requires a $4,000 minimum per advance.

** Closing costs: You can choose between bank-paid or borrower-paid closing costs on new home equity products with amounts ranging from $10,000 to $250,000. Credit requests for less than $10,000 or more than $250,000 shall be subject to actual closing costs incurred and permitted by law. Closing cost offer not available with refinance of a first mortgage. Rates advertised are based on the borrower paying all applicable closing costs. A higher rate will apply to your loan if you choose to have the bank pay your closing costs. Bank-paid closing costs are subject to recoupment from borrower(s) if loan is paid off within 2 years (not applicable in Texas).

To see available rates, please:
Choose your region.

All loans and lines of credit are subject to approval, including credit approval.

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