BBVA Compass is offering special financing for doctors, dentists, attorneys, CPAs and CEO, CRO, CIO, COO or chairman of a publicly traded company or their direct reports.
Here's the scoop
- financing is available with no downpayment up to $1,000,000
- There is no private mortgage insurance (PMI)
- Competitive rates
It’s true that this loan is not going to give the lowest possible interest rate. However, since there is no private mortgage insurance (PMI), the overall payment is often lower than loans with lower interest yet charging PMI.
I met with Brant Helferich of BBVA Compass and asked how it was even possible to not have PMI, and Brant said it’s because they keep these loans rather than selling them. So, those of you who don’t like the idea that your loan can be sold to certain banks (which shall go un-named here, but which have been horrible to deal with and have been in the news WAY too much) should love that feature.
PLUS – if you get a Compass debit and credit card, you earn points when you use it for signature-based transactions that can be redeemed to reduce your mortgage balance. Now, that’s a wonderful bonus!
Compass also has a First Time Home Buyer Program which features no payment for 3 months (click on the link in blue to read more about that one), and a My Community Program for teachers, firefighters, nurses, etc.
For more information email or call me, and I'll put you in touch with Brant.
*Also available for properties in Alabama, Airzona, California, Central and North Florida, New Mexico or Texas where BBVA Compass has a market presence
(Note: pictured home is a random shot of a beautiful home between Denver and Boulder, and is not currently for sale.)
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I write posts on real estate issues and local events in the Denver metro area, especially those *communities between Denver and Boulder, as a public service. My hope is to give people an idea of the ‘flavor’ of our community, in case they’re new or moving to the Denver area.
I am a residential real estate agent, happily helping folks buy a house or sell a house in the beautiful and friendly *suburbs northwest of Denver.
*Arvada, Broomfield, Lafayette, Louisville, Superior, Westminster, Thornton, Golden, Wheat Ridge, Northglen, Lakewood
Read more about life between Denver and Boulder Colorado.
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Thanks for the re-blog, Ray! I hope this program helps some folks get into their new home. Have a great week!