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.
Today’s Wells Mortgage Rates
Today’s Wells Mortgage rates remained relatively stable after the bond market gyrated rather measurably over the past week. Wells Mortgage rates are some of the lowest mortgage rates among the top bank mortgage lenders. Wells Mortgage offers competitive mortgages rates for both buying a home and refinancing an existing home loan.
With the economy failing to move measurably higher and overall inflation expectations remaining low, bank mortgage rates are expected to stay within a tight range for the near future. Unfortunately, low mortgage rates from Wells Mortgages and other bank mortgage lenders have failed to help the battered housing market after the tax credit offered by Congress expired.
The vast majority of mortgage loans originated this year by Wells Mortgage and other major bank mortgage lenders are generated toward loans that can be sold and that meet the underwriting criteria of government supported agencies of Fannie Mae, Freddie Mac and the Federal Housing Administration.
Today’s Wells mortgage rates for home loans involved on a purchase transaction that meet the criteria of FNMA, FHLMC and FHA include the following mortgage rates and terms:
30 year fixed Wells Mortgage rate is 4.375% with 1.0 point and a 4.530% APR.
The 15 year Wells Mortgage rates is 3.750% with 1.0 point and a 4.017% APR.
A 30 year fixed rate FHA home loan from Wells Mortgage is 4.375% with 1.0 point and a 4.721% APR.
The 5 year adjustable rate mortgage from Wells Mortgage has a start rate of 2.75% with 1.0 point and a 3.138% APR.
When it comes to home loans for a refinance from Wells Mortgage, the mortgage rate is slightly higher. Wells mortgage rates for refinance transactions include the following mortgage rates and terms:
Wells Mortgage rates for a 30 year fixed rate refinance is at 4.50% with 1.0 point and a 4.656% APR.
The 15 year mortgage refinance rate is 3.875% with 1.0 point and a 4.143% APR.
A 30 year FHA refinance from Wells mortgage ahs a mortgage rate of 4.50% with 1.0 point and a 4.848% APR.
The 5 year adjustable rate mortgage for a mortgage refinance is 3.00% with 1.0 point and a 3.225% APR.
Wells Mortgage interest rates will vary according to the credit score, property location, down payment, loan amount and other factors. These mortgage rates are for customers with excellent credit scores with a 20% down payment on a single family owner occupied property.
The interest rates, annual percentage rates (APRs), discount points and costs shown are subject to change without notice. The APR for individual loan requests will vary based on the final loan amount and finance charges.
For more information on Well Mortgage loan products and Wells Mortgage rates for home buying or refinance transactions, a bank loan representative can be reached at 877-937-9357.
The Wells Mortgage rates listed are for mortgage loans in California however a quick check of today’s Wells Mortgage rates indicates that the Illinois mortgage rates, Florida mortgage rates, Massachusetts mortgage rates, New York mortgage rates, Texas mortgage rates, Pennsylvania mortgage rates, West Virginia mortgage rates, Ohio mortgage rates, Michigan mortgage rates, Georgia mortgage rates, North Carolina mortgage rates, Wisconsin mortgage rates and New Jersey mortgage rates from Wells Mortgage were same for the mortgage loan products listed.
Bank Mortgage Lender Rates in Texas
Home buyers in Texas have a wide choice of options to help finance a home purchase. To help select a bank mortgage lender in Texas, Findlocalmortgagerates.com provides the following survey of conventional and FHA mortgage rates in Texas from two of the largest bank mortgage lenders in the U.S., Bank of America and US Bank, and two Texas based bank mortgage lenders, American State Bank and Amarillo National Bank.
This survey, which includes Texas mortgage rates on 30 year conventional fixed rate home loans and FHA mortgage rates, is designed to help prospective home buyers narrow down their search for the best mortgage lender.
Buyers looking for a home loan that requires less of a down payment may want to consider an FHA mortgage but should compare both conventional and FHA loan types to determine which financing type may be the most appropriate.
An FHA insured and guaranteed mortgage loan are designed to make purchasing a home easier with more affordable down payment and cost options, especially for the first-time home buyer. FHA loans feature lower down payments and higher qualifying ratios than most conventional mortgages. There are some limits to the amount of money that can be borrowed with an FHA loan. The fixed rate loan option provides borrowers with a fixed interest rate over the term of the loan.
The results of the mortgage rate survey include:
American State Bank offers a 30 year fixed FHA mortgage rate at 4.75% with no points and an APR of 4.832%.
The 30 year conventional home loan rate in Texas from American State Bank is also at 4.75% with no points and an APR of 4.832%.
Amarillo National Bank offers a 30 FHA mortgage rate in Texas at 4.625% with zero points and a 5.042% APR.
The conventional 30 year fixed rate mortagge from Amarillo National Bank is at 4.75% with no points and a 4.786% APR.
A FHA mortgage from Bank of America on a 30 year fixed rate loan has a rate of 4.50% with 0.75 points and a 4.596% APR.
Bank of America mortgage rate in Texas on a 30 year fixed rate conventional loan is 4.75% with 1.0 point and an APR of 4.868%.
US Bank offers a 30 year FHA home loan in Texas with a mortgage rate of 4.875% and no points with an APR of 5.402%.
The 30 year conventional mortgage rate from US Bank is 4.75% with zero points and an APR of 4.815%.
All Texas mortgage rates listed are current as of this publication date but are subject to change without notice. All loans are subject to bank approval and additional conditions will apply. Not all mortgage applicants will qualify for these rates. Additional mortgage rates and point options are available from these mortgage lenders in Texas. Review the current mortgage rates and costs with each mortgage lender before committing to a final loan request.
American State Bank mortgage center can be reached at 806-767-8260. American State Bank offers mortgage loans in Texas and New Mexico.
Amarillo National Bank and an ANB Mortgage loan representative can be reached at 806-378-8000.
US Bank mortgage rate information can be obtained by calling the bank at 800-365-8544.
Bank of America Home Loans can be reached at 800-586-9861.
Mortgage Rates in Texas with Amegy Mortgage
Finding mortgage rates in Texas is not difficult with the plethora of mortgage lenders and banks offering mortgage loans in the Lone Star state. Among the long list of mortgage lenders is Amegy Mortgage headquartered in The Woodlands, Texas.
Amegy Mortgage is a wholly owned subsidiary of Amegy Bank of Texas. This mortgage lender offers a wide assortment of different loan programs. Amegy Mortgage services include the origination and servicing of commercial and multifamily real estate loans, single family residential loans, and single family construction loans. The mortgage lender offers single family home loan products with competitive mortgage rates throughout Texas.
The mortgage lender has an online pre-qualification process for those prospective borrowers not sure how much of home they can afford or if they qualify for a mortgage refinance.
The main loan products offered by Amegy Mortgage in Texas are fixed rate loans. Fixed rate mortgage loans are one of the most popular loan options and are especially in demand when interest rates are low. Fixed rate mortgages result in a monthly mortgage payment of principal and interest that does not change over the life of the loan.
A 30 year fixed rate loan provides a low monthly payment without the high interest costs of longer term home loans. The 15 year fixed rate loan has a higher monthly mortgage payment but generally offers a slightly lower interest rate and substantial interest savings over the life of the loan.
A sample of the current mortgage rates available in Texas from Amegy Mortgage includes:
A 30 year fixed rate mortgage rate in Texas is 4.875% with no points and an APR of 5.002%.
A 15 year fixed rate mortgage rate is 4.250% with no points and an APR of 4.467%.
These sample Texas mortgage rates are based a 20% down payment for a single family home with a borrower that has excellent credit. Mortgage rates are subject to change and additional conditions will apply to obtain these rates. Texas mortgage interest rates and fees will be based on the borrower’s credit history, down payment, income, and other factors and may be different than the mortgage rates listed above.
The interest rates, annual percentage rates (APRs) and points shown are subject to change without notice. For additional mortgage programs and Texas mortgage rates, contact an Amegy Mortgage representative at: 281-297-7800 or 877-562-6662.