BBVA Compass

Overview

BBVA Compass Bancshares, Inc. is a Sunbelt-based bank holding company whose principal subsidiary, BBVA Compass, operates 672 branches, including 344 in Texas, 89 in Alabama, 75 in Arizona, 62 in California, 45 in Florida, 38 in Colorado and 19 in New Mexico. BBVA Compass ranks among the top 25 largest U.S. commercial banks based on deposit market share and ranks among the largest banks in Alabama (2nd), Texas (4th) and Arizona (5th).

BBVA Compass has been recognized as one of the leading small business lenders by the Small Business Administration (SBA) and ranked 5th nationally in the total number of SBA loans originated in fiscal year 2016. In Money magazine’s “Best Banks in America 2015-2016” list, BBVA Compass ranked as the best regional bank in the South and West, and was also named best mobile banking app.

BBVA Compass understands that every individual and company has unique dreams and ambitions, needs and wants. We realize that few take the same path in the faster, busier, and more complex world we live in. We get it. Whichever path you choose, and whenever you need us, we want to create opportunities for your bright future. From the smallest moment, to the largest personal or professional life event, BBVA Compass is there for you.

Loan Features

Personal Loans
Get the money you need, fast with a personal loan. Consolidate debt or finance major purchases with our Express Personal Loan. Our competitive low rates make borrowing affordable and easy. Apply for a personal loan online, with potential same-day funding upon approval.

Benefits Include:
Competitive personal loan rates
No collateral requirements
Affordable borrowing
Rate discount with set up of recurring auto-debit loan payments
Simplified budgeting
Fast access to your funds

Enjoy a competitive low rate and set monthly payments that make budgeting easy and paying off your loan even simpler. Unsecured personal loans range from $2,000 to $35,000 when opened online (up to $100,000 when opened in a branch), with no collateral requirements.

Auto Loans
Make buying your next car affordable and hassle-free. Buy new or used—you’ll get the same competitive rate. Flexible terms and no prepayment penalties make paying off your car faster and easier than ever. Apply for a car loan today and enjoy the benefits of financing through BBVA Compass.

Benefits Include:
Competitive fixed auto loan rates
Rate discount with set up of recurring auto-debit loan payments
No documentation fees
Same-day decisions on most applications
Free online insurance quotes

Home Equity Line of Credit
Tap into your home’s equity when you need it. Utilize your home’s equity to finance home improvements, major purchases, or unexpected expenses. With a Home Equity Line of Credit (HELOC), you can easily access available credit when you need it. Enjoy low monthly payments and competitive HELOC rates when you apply online.

Benefits Include:
Lower rates than most other loan options
Rate discount with set up of recurring auto-debit loan payments
Flexible access to funds for almost any purpose
Flexible repayment options

Home Equity Loans
Make your home’s equity work for you. Use your home’s equity for almost any purpose including home improvements, unexpected expenses, and major purchases. With a home equity loan, funds are disbursed as a lump sum, making it a great option when you need to borrow a specific amount. Apply online and get your low rate today.

Benefits Include:
Lower rates than most other loan options
Funds disbursed as lump sum
Fixed home equity loan rates, with fixed monthly payments

Mortgage Loans
Buy, renovate, build, or refinance a home. Find a mortgage loan that fits your needs. No matter if you’re a first-time home buyer or an existing homeowner looking to refinance, we offer a variety of loan options for every situation. Apply for a mortgage loan today to make financing your home fast and easy.

Benefits May Include:
Refinancing for a lower rate
Converting equity into cash
Fixed and adjustable-rate options

Small Business Lines of Credit
Take advantage of discounts, purchase inventory, improve liquidity, or meet short-term cash requirements with a flexible, easy-to-access revolving line of credit. With three line of credit options available to you, we can find the perfect match for your business needs.

Benefits Include:
Secured and unsecured options available
Variable rates tied to Compass Bank’s Prime Rate
Easy access to funds via check, Online Banking, telephone transfer, or in a branch

Business Term Loan
Finance long-term needs, working capital, or major purchases with a fixed-rate loan with customized repayment plans.

Benefits Include:
Competitive low fixed rates
Terms up to five years (up to 10 years for healthcare professionals)
Secured and unsecured options available

Commercial Real Estate Loan
Purchase or refinance of owner-occupied commercial real estate, facilities expansion, working capital, or equipment purchases with a mortgage loan secured by commercial property.

Benefits Include:
No balloon payments
Up to 85% Loan to Value (LTV) financing for owner-occupied commercial property
Up to 70% LTV financing for non-owner occupied commercial property
Fixed and variable loans available

SBA (Small Business Administration) Loan
Enjoy lower payments and longer terms with SBA loans, guaranteed, in part, by the U.S. government and available for all of our loan types. BBVA Compass is proud to be recognized as a Top 10 SBA lender by the SBA.

Benefits Include:
Longer maturities
Lower payments and equity requirements
Less restrictive collateral parameters
Secured and unsecured options available

Application Process

Application Criteria:

You’re at least 18 years old.
You’re a US citizen.
You live in one of seven states in which BBVA Compass offers loans: Alabama, Arizona, California, Colorado, Florida, New Mexico or Texas.

Depending on the type of loan you’re applying for, you could be required to supply documentation that includes:

Your personal contact information.
A government-issued ID, like a driver’s license or passport.
Checking and savings account statements for the past three months.
Proof of other assets, like stocks or bonds.
Paycheck stubs that show your current income.
A list of revolving credit card accounts and any outstanding balances in your name.
Documentation showing any other outstanding loans, like car loans.
Copies of your past income tax statements, including W-2s, for the past two years.
Proof of employment, including the name and address of your employer.
A copy of your divorce decree, if applicable.
Bankruptcy or foreclosure paperwork, if applicable.
A letter of explanation for any negative account listed on your credit report.
Property and collateral information.

Repayment Terms

Loans range from $2,000 to $35,000 online (up to $100,000 in branch)
Terms from 12-72 months
No collateral required, only your signature
Fixed APRs as low as 3.99% online and 3.91% in branch and via phone

Customer Support

Customer Service and New Accounts
1-800-COMPASS
(1-800-266-7277)

New Mortgage and Home Loans
1-888-8-LENDING
(1-888-853-6346)

Online and Mobile Banking Customer Service
1-800-273-1057

Credit Card Customer Service
1-800-239-5175

BBVA Compass American Express Card Customer Service
1-844-622-2282

International (Mexico) Customer Service
001-866-342-2512

Loan Customer Service and Automated Loan Payoff
1-800-239-1996

Investment Solutions Customer Service
1-800-239-1930

Available Monday – Friday: 7:00 AM to 10:00 PM CT, Saturday: 8:00 AM to 4:00 PM CT

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