Holiday Special: Get a 0.25% discount on your Standard Rate and keep it for the life of the line when you apply between December 7 - 18.1

Introductory rate currently 3.24% variable APR for 6 months2 After 6-month intro period, variable APRs will range from 3.99%-10.35%.

For a limited time, enjoy Prime minus 0.01% (Currently 3.24%) variable APR for 6 months when you draw at least $30,000 within 15 days of account opening. After the Introductory rate currently 3.24% variable APR for 6 months2 After 6-month intro period, variable APRs will range from 3.99% to 10.35%.3

But hurry! This offer ends December 31, 2020.

In addition, you could enjoy these features: 

Fixed-rate advance

Choose to "lock in" up to three portions of your line of credit at a fixed rate with fixed monthly payments. You can convert your outstanding balance or take a new draw at a fixed rate at any time during your draw period. A minimum draw of $2,500 ($4,000 in TX) is required and a $75 fee is charged for each fixed-rate advance taken (Not applicable in TX). This fee is waived for your first transaction.

Easy-to-access funds

Access your credit line whenever you need funds with four convenient options: a Visa® Platinum Credit Card, convenience checks, by phone or in branch. (Visa® Platinum Credit Card is not available to make draws in Texas.)

Details you need to make a smart decision


1Holiday Special: 0.25% interest rate discount available to approved applicants who apply for a HELOC between December 7-18, 2020. Discount is for the life of the line and can be combined with the auto debit discount and other Consumer Segment discounts. If you qualify for any Introductory Rate discounts, Holiday Special discount will be applied to your Standard Rate after expiration of Introductory Period and will be reflected in your Credit Agreement. Offer and rate discounts subject to change without notice.

2Introductory Rate(s): The Introductory Rate promotion of Prime minus 0.01 (currently 3.24% variable APR) is currently in effect for applications received between August 1, 2020 and December 31, 2020 and which close by March 31, 2021. To be eligible for the Introductory Rate, you must take minimum initial draws totaling at least $30,000 within 15 calendar days of account opening. After such disbursement, you must maintain a minimum outstanding balance of at least $30,000 until the close of the 3rd monthly billing cycle. Additionally, you must set up and maintain automatic payments from a BBVA deposit account. Introductory Rates are not available for Purchase Money Second Lines or line increases on existing BBVA HELOCs. The rate is subject to forfeiture during the 6-month Introductory Period if you fail to maintain that minimum outstanding balance or if you become 60 or more days past due at any time. In that case, any outstanding balance and any subsequent credit advances will accrue interest at the standard rate(s) as described below and in your credit agreement. You may be approved for a HELOC but determined ineligible for the offered Introductory Rate.

3Standard Rate(s): After the 6-month Introductory Period ends, any outstanding balances and any subsequent credit advances on your HELOC will accrue interest at the standard rate(s) contained in your credit agreement. “Prime” means the highest per annum Prime Rate of interest published by the Wall Street Journal, which was 3.25% on 3/17/2020. APR will vary with Prime; will be based on your collateral property location, credit line amount, CLTV ratio and other factors; and can range from Prime plus 0.74% (currently 3.99% variable APR) to Prime plus 7.10% (currently 10.35% variable APR) (includes 1.00% interest rate reduction for automatic payment from a BBVA deposit account). APR will not exceed 18% or go below 2.50% at any time during the term of your account.

Fixed-Rate Option: You can convert to a fixed rate and fixed payment at any time during the draw period. Minimum payment due on a fixed-rate option advance includes principal and interest in fixed monthly payments. A $75 fee is charged for each fixed rate conversion option that is exercised (not applicable in Texas), waived for the first transaction. Your APR may increase if you exercise this option. A fixed-rate option, in the minimum amount of $2,500.00 ($4,000 in Texas), may be requested only by phone or in person at a BBVA office. You are limited to two fixed-rate option requests in a 365-day period and to a maximum of three fixed-rate options outstanding at any time. The term of each Fixed-Rate Option will be the term you select at the time of that option, with a maximum of 15 years.

All HELOC applications are subject to program eligibility, underwriting, and collateral requirements and approval, including credit approval. Property insurance required, including flood insurance where applicable. Certain property types are not eligible collateral. Available only to California, Texas, New Mexico, Arizona, Colorado, Alabama and Florida residents. HELOCs have a 1-year draw period, which we may renew annually up to a maximum of 10 years. During the draw period you will be required to make monthly payments of accrued interest, plus any principal balance in excess of the credit limit, with a minimum payment of $75. CHOOSING TO REPAY ONLY ACCRUED INTEREST DURING THE DRAW PERIOD MAY CAUSE YOUR MONTHLY PAYMENT TO INCREASE, POSSIBLY SUBSTANTIALLY, ONCE YOUR HELOC TRANSITIONS TO THE REPAYMENT PERIOD. Following the draw period, the length of the repayment period will depend on the amount of the then-outstanding balance. If your outstanding balance is less than $20,000, the repayment period will be 10 years. If the outstanding balance is $20,000 or greater, the repayment period will be 15 years. During the repayment period, the minimum monthly payment will be an amount sufficient to repay the outstanding balance over the remaining term at the APR in effect at the start of the repayment period.  If rates subsequently increase, your minimum payments may not be sufficient to fully repay the principal that is outstanding on your line. If they are not, you will be required to pay the entire outstanding balance in a single balloon payment at maturity (not applicable in Texas). Texas HELOCs: If rates increase after the start of the repayment period, your monthly payment will increase so that the balance is fully repaid at maturity.  

Closing Costs: BBVA 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. 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 $11,114 on a $1,000,000 credit line. Texas closing costs typically range from $935 to $7,339 depending on credit line amount.

Additional information: Annual Fee: $75 on the first anniversary of the line and every year thereafter (not applicable in Texas). Overlimit Fee:  $25 per occurrence when you cause your credit line to go over your credit limit (not applicable in Texas).  Texas Late Fee: 5% of the minimum payment amount or $15, whichever is less.  Non-Texas Late Fee: $25.  Early Closure Fee: If you close your line within 2 years from the opening date, any third-party closing costs paid by BBVA will be charged back to your HELOC (not applicable in Texas).  Texas HELOCs: BBVA cannot use a customer’s home equity funds to pay (in part or in full) BBVA non-homestead debt at account opening. Minimum draw in Texas is $4,000. To use convenience checks to make draws, borrower must submit request for convenience checks. VISA Platinum Card is not available.

Debt Consolidation: The relative benefits you receive from loan consolidation will vary depending on your individual circumstances. If your Home Equity Loan or Line has a longer term than the bills you are consolidating, you may not realize savings over the entire terms of your Home Equity Loan or Line.

BBVA Checking Accounts: Checking accounts subject to approval, which may include credit approval. $25 minimum opening deposit required.

BBVA and BBVA Compass are trade names of BBVA USA, a member of the BBVA Group. BBVA USA, Member FDIC and an Equal Housing Lender. NMLS #402936 / Rev. 12/2020 / #971932