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VA Loan: Build and Lock with One Loan

Wednesday May 4, 2016
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Indigo Mortgage welcomes Veterans to come in and discuss the types of options available to purchase the home of their dreams. Indigo Mortgage is approved by the Department of Veterans Affairs to provide these (and other) VA loans. We actually close more VA loans than any other lender in New Mexico.

One of the great VA loan options that we offer is the One-Time Close Construction to Permanent Loan. Simply put, Veterans are able to close on their construction loan and have it extend into (say) a 30-Year Fixed Rate Loan. Veterans may even be able to buy land and roll the cost of the land in the loan with $0 down. Now, restrictions apply, so it’s important to check with Indigo Mortgage to find out what those are.

It’s also important to point out that the VA One-Time Close Loan does not allow “self-build” construction, so the Veteran will have to get a licensed builder to construct the home, but we have many other construction loan programs that will allow for a self-build as well as other construction loan programs to give borrowers many different options when wanting to build a home.

With any of our construction loan programs we encourage all borrowers to come and sit down with the staff at Indigo Mortgage to do a comprehensive home building seminar. Contact us today, and starting living your dream!

Indigo Mortgage is a locally owned and operated company, serving homebuyers in Albuquerque, Rio Rancho, Santa Fe and all across New Mexico. For questions about selecting a mortgage lender, contact Indigo Mortgage in Albuquerque at (505) 836-5700. Indigo Mortgage offers five mortgage divisions including Residential, VA Loans, Reverse Mortgages, Construction and Commercial. They are licensed by the Nationwide Mortgage Licensing System (NMLS #188348), and can provide loans anywhere in New Mexico.

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