Home Ownership Made Easier (HOME)
Helping individuals achieve homeownership
At BBVA, we believe smart mortgage lending helps build strong neighborhoods and communities. That’s why we’re committed to investing in communities and helping more people achieve the dream of homeownership through our Home Ownership Made Easier (HOME) mortgages.
- Up to 97% Loan-to-Value
- BBVA will contribute up to $3,500 towards closing cost and other assistance1
- No requirement for Private Mortgage Insurance (PMI) payments
- Borrowers may use Seller Contributions, Gift Funds from relatives, and BBVA approved Down Payment Assistance (DPA) Programs to help qualify
- Maximum income limits do not apply when the property is located in a low or moderate income census tract
- Minimum qualifying credit score required is 640
- Homeownership education to help you enjoy long-term, sustainable homeownership
Visit or give us a call today to learn more about HOME and how to qualify. We're ready to help you get started achieving your brighter future by realizing the dream of homeownership.
Looking for another option?
Choose from these other mortgage types that might work for you.
Looking for stable monthly payments? With a Fixed-Rate Mortgage, the interest rate on your mortgage loan remains the same for its entire term.
Most adjustable-rate mortgage (ARM) loans feature an initial fixed-rate period, with interest rates adjusting once per year after the fixed-rate term expires.
Government Loan Programs
If you are looking to apply for a mortgage or to refinance, you may be eligible for a FHA, VA, or USDA loan.
Building your dream home starts with finding the perfect location. With so many considerations to make in preparing to build, let us take care of the lot financing.
Renovation Permanent Loans
Kitchen remodel, attic conversion, basement finishing, or bedroom add-on—major renovations can add serious value to your home.
Home Equity Loans and Lines of Credit
Your home is often your largest asset — make your home’s equity work for you with a BBVA Home Equity Loan or Line of Credit.
No and Low Down Payment Mortgages
See the key differences between the most popular no and low down payment mortgages.
Details you need to make a smart decision
1 Program applies to first lien residential mortgage loans to purchase or refinance a primary residence in AL, AZ, CA, CO, FL, NM, & TX. All Borrowers and/or Properties eligible for the HOME Product are eligible for the up to $3,500 towards closing cost and other assistance. To qualify for the product, the property must either be located in a low or moderate income census tract, or the income of all applicants on the loan must be less than 80% of the FFIEC Median Family Income. To view census tract and income limit data, visit https://geomap.ffiec.gov/FFIECGeocMap/GeocodeMap1.aspx. Maximum Loan-to-Value is less for loans on condominiums and for certain other transactions. Talk with a BBVA mortgage expert for details.
Total maximum assistance, including all lender credits, bank paid fees, waived fees, and pricing assistance cannot exceed $3,500. A lender credit of $500 will be applied at closing. Underwriting and processing fees will be waived (an $1,100 value). Additional assistance is applied via a price adjustment and varies by loan size. For Purchase transactions, lender credits cannot be used to offset fees or charges already being paid by the property seller in accordance with the sales contract. All loans subject to program eligibility, collateral and underwriting requirements and approvals, including credit approval.
Property insurance is required, including flood insurance where applicable. Maximum loan limits and minimum equity down payment requirements apply.
Equal Housing Lender