At Indigo Mortgage, we love to assist in the lending for the home of your dreams. Construction Loans today offer many choices in the term of the mortgage loan, and if it’s fixed or variable interest. One type of construction loan offers a “one time close”, and can also be known as an “all-in-one,” “rollover” or “construction-to-permanent” loan. This loan has one set of fees and one closing. Other borrowers might choose a short-term loan that is refinanced into a new conventional mortgage when the construction is finished. This two time process has two sets of closing costs and you have to re-qualify for the new loan once the home is finished, but may offer more flexibility when shopping for a conventional mortgage. Indigo Mortgage also offers the traditional construction loan.
Our Construction Division has recently expanded and offers the best rates available in construction lending. If you have any questions on a Construction loan, use our Quick Loan Analysis form. It’s fast, easy, and doesn’t require a lot of information. You can also reach us at 505-836-5700.