Eligibility requirements:
- Approval is subject to the applicant’s credit evaluation
- The residence must have sufficient equity to serve as collateral
- Check and Mastercard access not available in Texas
- Minimum draw may be $4,000 in Texas
Comerica Home Equity FlexLine® application steps:
- Visit Comerica Bank’s official website
- Start your online application or resume if already started
- Fill in personal information and property details
- Wait for credit analysis and the bank’s response
- Upon approval, access your credit via check or Mastercard (except TX)
Frequently asked questions
How long does it take to get approved for Comerica Bank?
Approval is generally fast but may vary based on application complexity and client profile.
Is it required to explain why credit is being used?
Not necessarily. Usage is flexible – for home upgrades, education, debt payoff, or other goals.
Do I need to have a good credit score to be approved for Comerica Bank?
Yes. Since this is a secured loan, credit is evaluated, though it’s often more accessible than unsecured options.
Can I apply for a loan if I am self-employed?
Yes. Self-employed applicants can qualify if they provide proof of income and meet bank criteria.