Compass Bank Mortgage Rates September 14, 2010
BBVA Compass offers mortgage loans with competitive mortgage rates on a variety of home loan products. BBVA Compass is headquartered in Birmingham, Alabama and operates more than 720 bank branches in seven states. BBVA Compass mortgage originates mortgage loans throughout Texas, Alabama, Arizona, California, Florida, Colorado and New Mexico.
Compass Bank mortgage rates are based on the geographic location of the property and the borrower. However, the mortgage rates offered by BBVA Compass Bank are often very similar within the states are served by the bank.
Compass Bank mortgage rates in Alabama include the 30 year fixed rate mortgage which has an interest rate of 4.25% with 1.0 point and an APR 4.365% as well as a 15 year fixed rate loan which has interest rate of 3.75% and 1.0 point for a 3.95% APR.
Compass Bank mortgage rates in Arizona are the same rates with the 30 year fixed rate mortgage at 4.25% with 1.0 point and an APR 4.365% and the 15 year at 3.75% and 1.0 point for a 3.95% APR.
Colorado mortgage rates are also equivalent to the other state mortgage rates as are the Compass Bank mortgage rates in California, New Mexico mortgage rates, Florida mortgage rates and Texas mortgage rates that are offered by the bank
Compass Bank mortgage allows new home buyers to apply for a mortgage before choosing the home to purchase. This allows the borrower to be prequalified and determine if they can be approved for a specific loan amount or loan program.
BBVA Compass has capitalized on their recent bank branch expansion and their strong capital position to offer a plethora of mortgage products. BBVA Compass Bank offers fixed and adjustable rate mortgages for conforming loan amounts and jumbo loans as well as FHA loans and VA home loans, loans for first time home buyers, home loans for refinances and more.
BBVA Compass is a subsidiary of Compass Bancshares, Inc., a wholly owned subsidiary of BBVA. BBVA is one of the largest financial services companies in the world with more than $785 billion in total assets, 48 million clients and 7,600 branches.
To apply for a new mortgage loan or discuss current mortgage rates at Compass Bank, a bank customer service representative can be reached at 888-853-6346.
AZ Mortgage Rates June 2010
There are many mortgage options and mortgage rates available in Arizona. Finding and comparing all of the AZ mortgage rates and programs can be a daunting task. With mortgage rates dropping to record lows across the nation, Findlocalmortgagerates.com survey takes a look at the local mortgage rates in Arizona compared to the national mortgage rates.
Every borrower’s situation regarding a mortgage loan is different, by researching the mortgage rates and home loan products at a variety of mortgage lenders a borrower can find the best home loan to meet their individual requirements.
Today’s mortgage rates come from two of the top 25 largest banks in Arizona, First Arizona Savings and FirstBank of Arizona and two of the top largest bank mortgage lenders in the nation, SunTrust Mortgage and Chase Mortgage.
FirstBank has over 130 bank branch locations in Arizona, California and Colorado. A 30 year fixed rate mortgage in AZ from FirstBank has a mortgage rate of 4.625% with 1.0 point and an APR of 4.754%. The 15 year mortgage rate in Arizona at FirstBank is at 4.25% with 1.0 point and an APR of 4.449%.
First Arizona Savings is headquartered in Arizona with bank branch locations in North and South Scottsdale, Glendale, Kingman, Bullhead City, Lake Havasu City and Fort Mohave. The 30 year mortgage rate from First Arizona Savings is at 4.625% with 1.125 points and an APR of 4.753%. The 15 year mortgage rate at First Arizona Savings is at 4.500% with no points and a 4.552% APR.
The Chase Mortgage rate in Arizona for a 30 year fixed is at 5.125% with .375 points and an APR of 5.230%. The 15 year Chase Mortgage rate is 4.625% with 0.25 points and an APR of 4.783%.
The SunTrust Mortgage rate on a 30 year fixed rate home loan is 4.375% with 1.375 points and an APR of 4.523%. The SunTrust Mortgage rate on a 15 year fixed rate home loan is 3.875% with 1.125% and an APR of 4.091%.
The key for new home loan borrowers is to find a competitive mortgage rate with low closing costs combined with timely service from the bank or mortgage lender.
The Arizona mortgage interest rates, annual percentage rates and discount points shown are subject to change without notice. Please note that the interest rate and fees shown here are available to borrowers with an excellent credit history and are based on an owner occupied property with a down payment of 20% or greater. Actual fees and mortgage rates in AZ will be based on the credit history of the applicant, the borrower’s income and assets as well as the property type, location and other factors.
The bank mortgage lenders listed can be reached at the following toll free numbers:
First Arizona Savings can be reached at 800-280-2800
FirstBank mortgage department can be reached at 866–964–2040
Chase Mortgage can be found at 800-873-6577
SunTrust Mortgage customer service is available at 800-634-7928