Home Equity Line of Credit

Tap into your home equity when you need it

Here's what you get with your home equity line of credit:


Money For Anything

You can choose how much to advance from your available credit when you need it. Use your home equity line of credit for a variety of purposes including: debt consolidation, home improvements, major purchases (appliances, cars, RVs, boats, etc.) or other major expenses, refinancing of existing mortgage and any other miscellaneous purposes like vacations, medical expenses, etc.


Low Payments

Our Equity Optimizer Home Equity Line of Credit features a competitive, adjustable rate. Your monthly payments will vary based on the rate and your outstanding balance. You do have the option of making interest-only payments during the draw period.


Easy Access

You can access your credit line with either a VISA Platinum Credit Card,* convenience checks, by phone or visiting a branch.


Potential Tax Savings

You could possibly lower your tax bill by deducting the interest you pay on your year-end taxes. (Please consult a tax adviser for further information regarding the potential deductibility of interest and charges)


Fixed Rate Option

You can opt to “lock in” up to three portions of your line of credit at a fixed rate with fixed monthly payments.


Please let us know where you live so we can show you our competitive home equity line of credit rates.

Get Rates 


  • Minimum Amount: $10,000
  • Term Draw Period: Up to 20 years,
  • 15 yrs if the balance owed is $20,000 or more
    10 yrs if the balance owes if less than $20,000
  • Closing Costs: Bank paid closing costs available*

Apply Online

Start an application for a BBVA Home Equity Line of Credit now.

Apply Now  

Loan Payment Assistance

BBVA Compass is here to help whether you need loan payment assistance for Real Estate loans, installment loans or credit cards.

Learn more  

Apply By Phone

Call 1-800-COMPASS (1-800-266-7277)

Apply in Person

Find a BBVA Compass location

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Texas law requires $4,000 minimum per advance.

All 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.

Special Introductory Variable Rate Offer: applies to all advances taken during the first 12 months after line opening. May not be combined with other promotional discounts, but may be combined with Bank-paid closing costs. Call us today to learn more. In all states except Texas, borrower must take advances of at least $10,000 within 15 days of line opening (after any required rescission period) with at least $10,000 remaining outstanding on the 15th calendar days thereafter. Borrower must set up recurring auto-debit loan payments from BBVA Compass consumer checking account at line opening. Special Variable Rate Offer available only on HELOC applications received between 06/01/16 through 10/31/16 that close on or before 12/15/2016 on credit line amounts of $10,000 to $1,000,000. Maximum combined loan-to-value (CLTV) of 80%. Maximum credit line cannot exceed 50% of appraised value of property on Texas HELOCS. Variable interest rate based on the Wall Street Journal U.S. Prime Rate (3.50% as of 05/19/2016) plus a margin (currently 0.38% to 2.24%). In no event will the APR be less than 3.50%. Maximum APR will not exceed 18%. Special Rate Introductory Variable rate of Prime minus 1.51% (currently 1.99%) for 12 months is valid for Alabama, Arizona, California, Colorado, New Mexico, Texas and Florida residents only. Minimum payment of $75 or total amount outstanding whichever is less. $75 annual fee charged on the first anniversary of the line and every year thereafter (not applicable in Texas).

Closing costs: BBVA Compass will pay for all closing costs on new home equity products with amounts ranging from $10,000 to $500,000. Credit requests for less than $10,000 or more than $500,000 shall be subject to actual closing costs incurred and permitted by law. To qualify for Bank-Paid Closing Costs, the borrower must complete a $10,000 draw requirement within 30 days which must remain outstanding for 90 days (not applicable to Texas HELOCs due to Texas law). Closing cost offer not available with refinance of a first mortgage. Bank-paid closing costs are subject to recoupment from borrower(s) if loan is paid off within 2 years (not applicable in Texas). Closing costs vary by state and typically range from $675 on a $10,000 credit line to $6,250 on a $500,000 credit line. Texas closing costs typically range from $935 to $4165 depending on credit line amount. The Special Introductory Variable Rate Offer may not be combined with any other promotional discount, but may be combined with Bank-paid closing costs.

BBVA Compass is a trade name of Compass Bank, a member of the BBVA Group. Compass Bank, Member FDIC and an Equal Housing Lender.   Rev. 05/2016