Institutional investors on Wall Street now own 40% of all rental properties in America. And builders are now building more multifamily and rental units than they are single family homes for families, to the tune of 60% rental units and 40% single family homes. Experts say that the single best way to gain family wealth
The construction division at Indigo Mortgage has grown over the last few years and we are able to offer a wide range of excellent loan programs. We have the one time close conventional loan with 5% down and the VA one time close loan with zero down. Both of these programs will include paying for
At Indigo Mortgage in New Mexico, we strive to educate borrowers on the options available. If you or someone you know is interested in building their dream home from scratch, we are here to help! Here’s what we think you should know about one-time close (OTC) construction loans. Just recently, United Wholesale Mortgage, now the
For twenty years, Indigo Mortgage has served New Mexico and the Albuquerque metro area. Now that we are coming into a new year, here is a brief history of Indigo Mortgage. Most people don’t know that Ben started Indigo Mortgage in his garage twenty years ago with his wife, brother, and a friend from church.
What’s better than buying a home? Having your dream home built for you. In today’s housing market, many borrowers choose to have their homes custom-built. These borrowers are often taking out construction loans to do so. Construction loans can be different than your typical home loan. The team at Indigo Mortgage is here to help
Many borrowers who are having a home built, either with a New Mexico custom builder or even with one of the national builders, are waiting for their home to be completed before they can lock in a permanent interest rate. They are at the mercy of the mortgage rates of the future. And with the
In today’s real estate market with very limited homes for sale, many New Mexico borrowers are choosing to build a home and take out a construction loan to do so. Many homebuyers aren’t familiar with construction loans so let’s look at them today. Indigo Mortgage has been offering construction loans since our inception in 2003