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 steer borrowers in the right direction when it comes to which home mortgage loan to choose.
Indigo Mortgage has been offering construction loans since we began business in 2003. We consider ourselves experts in processing construction loans. Our team has access to construction loans varying from one-time close loans for veterans to two-time close loans for non-veterans. Veteran one-time close loans offer the veteran one hundred percent financing, even if they plan to buy the land on which to build.
For non-veterans, we have multiple options available, depending on if you are purchasing the land or if you already own the land, and whether you are using the equity for your down payment. Indigo Mortgage also offers owner-builder construction loans.
At Indigo Mortgage, we can guide you through any point of the home loan process to build in New Mexico. We even have a list of well-established local builders we can refer you to. If you are in the market for a new home and are considering having it built for you, reach out to us. Our team of experts will help you explore your construction loan options and get you into your dream home in no time!