Home Equity Loans

overview

Utilize the equity you've built in your home

Make your home equity work for you now. Here's what you get with your home equity loan:

Money for your needs

With a home equity loan, you receive a lump sum of cash you can use for almost any purpose. Uses may include: home improvements, debt consolidation, major purchases (appliances, cars, RVs, boats, etc.), vacations, major or medical expenses, etc.

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).

Competitive rates, affordable payments

Our home equity loans feature a competitive fixed rate with fixed monthly payments. You will enjoy lower rates than many other loan options such as credit cards or unsecured loans.

Amount and fees

We offer loans starting at $10,000 and monthly payments to suit your needs. Special bank paid closing costs available.*

 

RATES & TERMS

Home Equity Loan Rates

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

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Loan Amount APR

$125,000+

As low as %

$50,000 - $124,999

As low as %

$10,000 - $49,999

As low as %

Annual Percentage Rates (APRs) are based on recent market rates, for illustrative purposes only, and subject to change without notice. Advertised APRs reflect assumptions and conditions related to property type, loan-to-value ratio, period of repayment, and credit score, among other variables. Your actual APR may be higher based on the characteristics of your loan transaction and credit history. Please contact us for details.

Details you need to make a smart decision

All loans are subject to eligibility, underwriting, and approval, including credit approval. 

*Closing costs: BBVA Compass will pay for all closing costs on new Home Equity Loan products with amounts ranging from $10,000 to $500,000. This offer is valid for all Home Equity Loans with the exception of PM2 loans. Credit requests for less than $10,000 or more than $500,000 shall be subject to actual closing costs incurred and permitted by law. Closing cost offer not available with refinance of a first mortgage. Bank-paid closing costs will be recouped if the loan is paid off within 24 months of closing (not applicable in Texas).  

Lien position: 2nd lien position only. 1st lien position Home Equity Loans not available. 1st lien position available as a Home Equity Line of Credit.

BBVA Compass is a trade name of Compass Bank. Compass Bank is a member FDIC and an Equal Housing Lender.