Make your dreams a reality with
a special limited time offer.
Apply for a HELOC before September 30, 2014
and receive a special rate of Prime or
Prime + 0.25% for the life of your loan.
We've made it easy to save on a Home Equity Line of Credit with BBVA Compass – receive a special rate of Prime or Prime + 0.25% for the life of your loan.
Prime + 0.25% For the life of the line
(currently 3.50% variable APR)
(Arizona, California, Colorado, New Mexico and Texas)
Prime + 0% For the life of the line
(currently 3.25% variable APR)
(Alabama and Florida)
You can use a BBVA Compass Equity Optimizer® Home Equity Line of Credit to pay for major expenses like:
- Home improvement projects
- Medical bills
- A fantasy vacation
If you can dream it, your HELOC can help you make it a reality. It can also be an effective way to consolidate debt, typically at rates lower than credit cards and other loans.
We’re here to make the process simple for you. Hurry — your application must be received between July 1 and September 30, 2014 to be eligible for this special offer.
All home equity loans and lines of credit are subject to program eligibility, underwriting and collateral requirements and approval, including credit approval. BBVA Compass must receive a valid first or second real estate lien on a primary residence occupied by the borrower. Offer does not include manufactured homes. Property insurance required including flood insurance, where applicable. Home Equity Line of Credit: Minimum line amount for HELOCs is $10,000. Minimum line amount to qualify for Special Rate Offer: $25,000. Minimum periodic payment of $75 or total amount outstanding whichever is less. $50 annual fee charged on the first anniversary of the line and every year thereafter (not applicable in Texas). $75 fee for each fixed rate option, waived for the first transaction. Interest rate will vary based on the Wall Street Journal U.S. Prime Rate (as of 05/30/14 Prime Rate was 3.25%) plus a designated margin. In no event will the APR be less than 3.50% for residents of California, Texas, New Mexico, Arizona, and Colorado, and 3.25% for residents of Alabama and Florida. The maximum APR will not exceed 18%. Home Equity Line of Credit Special Rate Offer: When certain conditions are met, the Special Rate Offer of Prime + 0.25% for the life of the line is valid for California, Texas, New Mexico, Arizona, and Colorado residents, Special Rate Offer of Prime + 0.00% for the life of the line is available for Alabama and Florida residents only. To qualify for the Special Rate Offer in the above states, you must have a valid BBVA Compass consumer checking account and set up recurring auto-debit loan payments for the life of the line at or prior to HELOC origination. Special Rate Offer available only on HELOC applications received between 7/1/14 through 9/30/14 that close on or before 11/15/14. Special Rate Offer valid for new HELOCs only with credit line amounts of $25,000 and above and LTVs of 80% and below. Borrower must meet minimum credit underwriting standards. For new 2nd Lien HELOCs loan amounts between $10,000 and $250,000, the Special Rate Offer and the No Closing Cost Offer may be combined. The combination of these offers is not available for any other loan combination. Minimum APR (floor rate) of 3.25 applies for eligible Florida and Alabama residents; minimum APR (floor rate) of 3.50% applies for eligible California, Texas, New Mexico, Arizona, and Colorado residents. Texas HELOC Terms: Maximum credit line cannot exceed 50% of appraised value of property, BBVA Compass must receive a valid first or second real estate lien under Article XVL, Section 50(a)(6) of the Texas Constitution on a primary residence occupied by the borrower. 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 $500,000. Bank-paid closing costs only available in conjunction with the Special Rate Offer for new 2nd Lien HELOCs with loan amounts between $10,000 and $250,000. Credit requests [in which BBVA Compass is not in 2nd lien priority] or 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. Any rates advertised are based on the borrower paying all applicable closing costs. A higher rate may apply to your loan or line of credit 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).