Exciting news for New Mexico residents! Indigo Mortgage is thrilled to offer exclusive VA streamlined refinance rates, starting as low as 5.49%-5.75%. Our largest lender has authorized these rates for eligible veterans, providing a 30-year fixed rate with a minimum credit score requirement of 640 and a loan amount of at least $200,000. This special
Because Indigo Mortgage has the VA Mortgage Loan Center, many veterans over the years have come to trust us in offering them both ethical and honorable deals. Like other consumers, veterans should shop their mortgages around to find the best rates and lowest fees. When we see an offer for a VA home loan from
A jumbo loan refers to a loan that exceeds the amount of $726,000, which is the limit guaranteed by Fannie Mae and Freddie Mac, the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage Corporation (FMCC), respectively. Due to this, New Mexico borrowers seeking jumbo loans have limited options when it comes to
Recently FHA and VA have reduced their mortgage insurance (MI) premiums and funding fees. Mortgage insurance is a policy that the lenders require if a homeowner doesn’t have the required threshold of equity, typically 20 percent. The MI policy protects lenders in case the borrower defaults on the mortgage. In the case of FHA, they
When it comes to VA loans, Indigo Mortgage in New Mexico are experts. The Indigo team is here to educate buyers on VA or Veteran purchase loans and to help them better understand what these types of loans cover. The VA or Veterans mortgage loan is the best mortgage loan on the market, as it
When looking at the current housing market, it’s important to understand what you’re looking at, especially if you are interested in purchasing a home. For Veterans, these details may be a little different. The experts at Indigo Mortgage in Albuquerque are here to help you better understand the current New Mexico VA Rate Survey. Recently,
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
We specialize in VA loans in New Mexico. At Indigo Mortgage, we recently discovered some interesting information about VA rates and closing costs. A recent national survey compared VA interest rates and closing costs nationwide. This survey analyzed the top ten VA lenders nationally and compared them to smaller local VA lenders such as Indigo
As we’ve mentioned during the last few weeks, the rise in the mortgage interest rates has caused a big drop in the number of mortgage loan applications. Some lenders are now chasing profits, trying to keep their net revenue the same while doing fewer deals. Many national lenders are chasing these profits by charging a