Plan to stay in your home for a while? With a Fixed-Rate Mortgage, the interest rate on your mortgage loan remains the same for its entire term.
It’s a simple way to achieve peace of mind knowing your monthly payments won’t change.
Unlike an adjustable-rate mortgage (ARM), with rates that fluctuate over time, choosing a fixed-rate loan allows you to avoid unexpected increases in payment during the loan period. A fixed-rate mortgage’s consistent payment schedule gives you the ability to plan a budget and pay other expenses without jeopardizing your mortgage payment.
A variety of loan terms are available. The overall interest you pay is more over a longer term loan than a shorter term loan. But on a shorter loan, the monthly principal and interest payment can be higher than on a longer term loan.
Let us help you with your mortgage. Together, we can find the fixed-rate option that works best for you.
Choose from these other mortgage types that might work for you.
Most adjustable-rate mortgage (ARM) loans feature an initial fixed-rate period, with interest rates adjusting once per year after the fixed-rate term expires.
If you’re buying a home with a higher property value and can manage larger monthly mortgage payments, a jumbo loan may be a good choice for you.
Government Loan Programs
If you are looking to apply for a mortgage or to refinance, you may be eligible for a FHA, VA, or USDA loan.
Home Ownership Made Easier (HOME)
Through our Home Ownership Made Easier (HOME) mortgages, BBVA Compass is building stronger communities and helping people achieve the dream of home ownership.
Building your dream home starts with finding the perfect location. With so many considerations to make in preparing to build, let us take care of the lot financing.
Renovation Permanent Loans
Kitchen remodel, attic conversion, basement finishing, or bedroom add-on—major renovations can add serious value to your home.
Foreign National Mortgage
BBVA Compass welcomes the opportunity to provide mortgage services to Foreign Nationals who want to purchase, refinance, build, or renovate a home in the United States.
Please complete this inquiry form, and a Mortgage Specialist at BBVA Compass will contact you within 1 business day. There is no obligation on consultation for any of your home financing needs.
Buying a home can be the largest and most complex financial decision most of us will ever make. Here's some of our "best practice" tips that may help simplify this process and set you on the path towards your new home.