Available only to pre-qualified recipients*
For example, on a $200,000 loan you would receive a credit of $500 to be used toward closing costs. With mortgage rates still at historic lows, this is your opportunity to save money and get in that house you’ve had your eye on.
You can choose to stop receiving “prescreened” credit offers from this and other companies by calling toll-free 1-888-567-8688. See PRE-SCREEN & OPT-OUT NOTICE in the terms and conditions for more information about prescreened offers.
Details you need to make a smart decision
*This offer is available only to recipients of an eligible BBVA Compass Bank Pre-Qualification Letter.
The customer is receiving this offer because he/she satisfied criteria for creditworthiness based on their credit report, Credit may not be extended if, after the customer responds it is determined that the customer does not meet the criteria used in selecting the customer, or does not furnish the required collateral.
Collateral/Loan Terms: Loans subject to program eligibility, collateral and underwriting requirements. All mortgage loans below Conforming Loan Limits are included, except Employee Loans, OTC Construction / Renovation-Perm products, Foreign National / Corporate Foreign National products, Lot Loans, Home Equity Loans / Lines of Credit, and Forbearance / Workout products. Property insurance is required, including flood insurance where applicable. Customers must apply within 90 days of receipt of the promotional mailing and close within 150 days.
This letter provides an example transaction actual terms may vary. As of March 24, 2016, the rate for a $200,000 conforming loan with 80% LTV and a 30-year term is 3.25% APR. The maximum rate for a similar loan is 5.125%. The minimum approved loan amount is $50,000. We may change the terms (including interest rates) on which we offer mortgage loans based on market conditions and/or borrower eligibility. This offer is subject to verification of credit information, and the collateral requirements described. BBVA Compass is a trade name of Compass Bank. Compass Bank is a Member FDIC and an Equal Housing Lender.
PRESCREEN & OPT-OUT NOTICE: This "prescreened" offer of credit is based on information in your credit report indicating that you meet certain criteria. This offer is not guaranteed if you do not meet our criteria, including providing acceptable property as collateral. If you do not want to receive prescreened offers of credit from this and other companies, call toll-free 1-888-567-8688, go to www.optoutprescreen.com, or write:
TransUnion Opt-Out Request
P.O. Box 505
Woodlyn, PA 19094-0505
Experian Consumer OPT-OUT
P. O. Box 919
Allen, TX 75013
P. O. Box 740123
Atlanta, GA 30374-0123