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Frost Bank: 2023 Home Equity Review

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At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for .

At a glance

Rating: 4.6 stars out of 5
Bankrate Score
  • Availability
    Rating: 4.3 stars out of 5
  • Affordability
    Rating: 4.9 stars out of 5
  • Customer Experience
    Rating: 4.5 stars out of 5

About Frost Bank

  • Moneybag

    Loan amount

    Starting at $8,000 for HELOC; Starting at $2,000 for home equity loan

  • Credit Good

    Min. credit score

    Not specified

  • Rates

    Repayment terms

    10-year draw period and 20-year repayment term for HELOC; 7 years to 20 years for home equity loan

  • Funds available in

    Not specified

Frost Bank features

Here's a breakdown of some of the benefits and drawbacks of Frost Bank home equity loans.

Frost Bank overview

Established in 1868 in San Antonio, Texas, Frost Bank has been offering financial services, including home equity lines of credit (HELOCs) and home equity loans, to residents of The Lone Star State for decades. The bank has over 170 financial centers in the state.

Frost Bank snapshot

Home equity loan types Home equity line of credit (HELOC)
Home equity loan
Loan amounts Starting at $8,000 for HELOC
Starting at $2,000 for home equity loan
Credit score minimum Undisclosed
Repayment terms 10-year draw period and 20-year repayment term for HELOC; 7 years to 20 years for home equity loan 
Average time to approval Undisclosed

How Bankrate rates Frost Bank

Bankrate Score 4.6
Affordability 4.9/5
Availability 4.3/5
Borrower experience 4.5/5


To create our Bankrate Scores, we evaluated lenders based on availability, affordability and customer experience. Availability was assessed based on the minimum loan amount required, time to approval, days to close, minimum draw requirements, minimum credit score requirements and loan types offered. Affordability was assessed based on minimum APR, discounts and promotions offered and associated fees. Customer experience was assessed based on online application and account availability, customer support, auto payment availability and mobile app availability and ratings.


  • You won’t pay any closing costs for a home equity loan with Frost Bank if the amount is between $2,000 and $500,000. (If you borrow over $400,000 with a HELOC, though, you might.) There are no application or annual fees, either, nor prepayment penalties.
  • If you make automatic payments via a Frost savings or checking account, you’ll get a rate deduction of 0.25 percent. (The only time this doesn’t apply is if your mortgage is paid off and your loan is greater than $250,000.)


  • Since Frost Bank only operates in Texas, you can’t take out a home equity loan or HELOC with this bank if you live anywhere else.
  • To get a HELOC, you’ll need to create a deposit account with the bank. (This doesn’t apply to home equity loans.)

Types of fees charged

With a home equity product from Frost Bank, you don’t have to worry about paying prepayment, application or annual fees. In addition, you won’t pay closing costs unless you take out a home equity loan greater than $500,000 or a HELOC greater than $400,000. There’s also a $15 monthly service charge, which Frost waives for new Frost Plus accounts.

Home equity loan products offered

Frost Bank offers fixed-rate home equity loans and variable-rate HELOCs.

The minimum borrowing amount for a home equity loan is $2,000. If you take out a HELOC instead, the minimum borrowing amount is $8,000. The maximum amount you can borrow for both options is up to 80 percent of your home’s appraised value.

With the home equity loan, you can choose from a variety of repayment terms: seven years to 20 years. HELOCs only have one repayment term: 20 years.

How to qualify for a home equity loan with Frost

There’s no minimum credit score requirement for a home equity product, according to a Frost Bank representative, and the maximum debt-to-income (DTI) ratio is 50 percent. In addition, the combined loan-to-value (CLTV) ratio must be 80 percent or less. Although you don’t need to have a bank account with Frost to take out a home equity loan, you’ll need to open a deposit account for a HELOC.

How to get started

You can apply for a home equity loan or HELOC through Frost’s website or by calling 800-513-7678. The online application process takes about 15 minutes to complete.