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Should You Consider a VA Jumbo Loan?

Monday Jul 3, 2017
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VA Jumbo Loans are a great loan option for veterans, but at Indigo Mortgage, we’ve noticed that this option is often overlooked. Here’s a quick look at what a jumbo loan is, and some reasons you may want to consider one if you’re looking for a mortgage loan.

When a veteran wants a mortgage above $424,000, their best option is a VA Jumbo Loan. VA Jumbo Loans work best for veterans who have 10% or more in VA disability, because the funding fee will be waived. Current interest rates are well below 4% on a 30-year fixed rate mortgage, so for veterans that need a VA Jumbo Loan, now is a great time.

The knowledgeable loan officers at Indigo Mortgage have helped numerous veterans with VA Jumbo Loans. Many veterans choose to purchase VA Jumbo Loans to consolidate their first and second mortgages, refinance out of a short-term jumbo adjustable-rate mortgage (ARM), or to do major home improvements.

The best thing to do when considering a VA Jumbo Loan, or any loan, is to shop around and compare your options. Indigo Mortgage has a history of finding the best rates and terms on the market for our clients. If you have any questions, just call us and we will be happy to help in any way we can!

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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