loans

Home Equity Loans

Cash in on your home’s equity

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.), refinancing of existing mortgage (2nd lien only), 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, Terms & Fees

We offer loans starting at $10,000 and terms as long as 30 years. Special bank paid closing costs available.*


Rates

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

Get Rates 

Terms

  • 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: Bank paid closing costs available*

Apply Online

Start an application for a BBVA Home Equity Loan 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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Loans are subject to eligibility, underwriting, and approval, including credit approval. The offered APR will vary between 8.02% and 23.46% APR based upon creditworthiness, loan amounts, term length, and amount of Interest Surcharge. Payment examples and quoted APRs do not include discounts. Enrollment in auto-debit loan payments from a BBVA Compass checking account is required to receive a 1.00% rate discount and the BBVA Checking Account must be opened prior to the loan being finalized. The loan must be at least $10,000 and the term must be at least 36 months to receive the .50% rate discount. Enrollment in the Premier Personal Banking Program at the time the loan is finalized is required to receive the .25% rate discount. Interest Surcharges will be refunded on a pro-rated basis if the loan is repaid within 90 days but the bank will always retain a minimum of $25 of the Interest Surcharge.

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

*Closing costs: BBVA Compass will pay all closing costs for loan amounts ranging between $10,000 and $500,000. The offer is valid for all new 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. Bank-Paid closing cost will be recouped if the loan is closed within 24 months of inception. ,

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, a member of the BBVA Group. Compass Bank, Member FDIC.

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