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*Limited time offer available only to applicants who (1) submit an application for a closed-end mortgage between February 12, 2018, and February 25, 2018, and (2) lock their rate between February 12, 2018, and May 31, 2018. For purposes of this offer, an "application" means the submission of the following information: the applicant's name, income, social security number, an estimate of the value or purchase price for the collateral, the property address, and the loan amount sought. BBVA Compass Employee Loan Programs are not eligible.
The offered lender credit is variable and may be up to 0.25% of the loan amount. The offered lender credit will offset eligible closing costs and will be disclosed on the Loan Estimate, once the rate is locked, and on the Closing Disclosure. The lender credit granted by the Bank applies to loans that close, and cannot be used to off-set pre-paid items such as insurance premiums, taxes, other escrow set-up items, or pre-paid interest. In purchase transactions, the lender credit cannot be used to off-set fees that are already designated to be paid by the seller or other party in accordance with the sales contract. If total eligible closing costs are less than the total amount of lender credits, we will apply the excess credits (i) to reduce principal or (ii) to provide cash at closing. The offered lender credit is subject to program limitations, agency guidelines, minimum investment requirements, and other restrictions. Mortgage program and loan-to-value guidelines may require minimum closing cost contribution from borrower’s own funds. Rates, including those published or quoted, are not guaranteed until locked by lender. Locked-in rates are subject to terms of the lock-in. All loans subject to program eligibility, collateral and underwriting requirements and approval, including credit approval. Not available in all states. Property insurance is required, including flood insurance where applicable.
BBVA Compass is a trade name of Compass Bank, a member of the BBVA Group. Compass Bank, Member FDIC and an Equal Housing Lender. Rev. 01/2018/ #429266 / NMLS#402936