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Monday, 03 July 2017 18:37

Should You Consider a VA Jumbo Loan?

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.

Published in Blog
Tuesday, 25 April 2017 22:26

KKOB on April 25

Indigo Mortgage is New Mexico's #1 VA Loan mortgage broker. Ben Lucero discusses some of the basic information that every veteran should know about VA Loans.

Published in Radio
Monday, 24 April 2017 22:16

General Information About VA Loans

At Indigo Mortgage, our VA loan division closes more VA loans than any other mortgage company in New Mexico. Here’s some basic information for veterans who are interested in this type of loan.

Borrowers can have multiple VA loans. If all previous VA loans have been paid off, a veteran can take out another loan. In fact, a veteran can have two VA loans simultaneously. Borrowers can split their entitlement and purchase two properties, as long as both loans do not exceed a combined total of $417,000, the new loan is over $144,000, and the new VA loan is an owner-occupied loan.

VA allows 100% cash-out on refinances. If a lender tells you that they only allow 90%, keep looking. At Indigo Mortgage, we offer 100% cash out, without compromising our low rates.

VA now allows jumbo mortgages. Borrowers can get mortgage loans over $417,000.

The VA never requires mortgage insurance, but there is a funding fee. The funding fee can be waived if the veteran receives 10% or more disability.

Be wary of lenders offering outrageously low rates. Typically, when a lender offers unbelievably low rates, they’re adjustable rate mortgages, not fixed rate mortgages. These types of mortgages can be very expensive to buy down, and aren’t really worth it.

Keep it local. When you’re shopping for a VA loan, remember to shop local. A local mortgage broker like Indigo Mortgage is easier to work with face to face, and can often save you money!

Published in Blog
Thursday, 11 August 2016 16:54

KKOB on August 9

Indigo Mortgage is excited to announce that we have partnered with the Lobos in a promotion called The Hero of the Game to recognize and thank veterans for their service.

To nominate your Hero of the Game, just go to www.golobos.com/hero and write a brief summary on why your nominee should be recognized to be the hero of the game.

Once a winner is chosen for each football game and select basketball games, the nominee will receive the VIP experience and 4 tickets to the game they are being honored at.

Published in Radio
Wednesday, 27 July 2016 15:13

KKOB on July 26

The VA construction loan has several benefits for veterans in New Mexico.

The one-time close construction loan that is offered by Indigo Mortgage goes from a construction loan to a permanent loan once construction is completed. Veterans are able to lock in their rates prior to construction until it is converted to the permanent loan. These rates are the same as the regular VA rates as well.

There are only a select few lenders that offer this type of VA loan, and Indigo Mortgage is a certified broker capable of answering all of your construction and VA loan questions.

Published in Radio
Wednesday, 15 June 2016 21:49

KKOB on June 14

Veterans have many choices when it comes to VA loans.

Veterans can use their benefit multiple times with previous loaans being paid off, this is known as subsequent use.

Veterans also have the option of splitting their loan benefit into two and have them out at the same time. The Veterans Administration now allows 100% cash-out on refinances, so continue to shop your mortgage if you are told that the VA only allows 90% cash out.

Be sure to stay local with Indigo Mortgage and get the most out of your VA loan.

Published in Radio
Tuesday, 14 June 2016 17:14

VA Loans - Multiple Uses

For decades, US military veterans have been able to use VA or Veterans Administration loans to purchase a home. With mortgage rates again at historic lows, veterans are increasingly purchasing or refinancing homes. Here are important points about VA mortgages.

Published in Blog
Wednesday, 04 May 2016 22:12

VA Loan: Build and Lock with One Loan

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.

Published in Blog
Wednesday, 04 May 2016 14:47

KKOB on May 3

Veterans' Construction Loan Program

Published in Radio
Wednesday, 06 April 2016 14:27

Veterans Refinance Mortgage Program

Indigo Mortgage can help you find the best fit for your mortgage...

Published in Blog
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From The Blog

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    If you’re a first-time homebuyer or if it’s been a while since you’ve purchased a home, you likely have a Read More
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  • Reverse Mortgages: Keep it Local +

    As the population ages, the mortgage industry is seeing a large increase in reverse mortgages. Many companies advertise their reverse Read More
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    It seems like every time you turn on the TV, you’re bombarded with commercials for reverse mortgages. Famous actors are Read More
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