Construction Loans

Indigo Mortgage loves to assist borrowers with mortgage lending for the home of their dreams.  Residential construction loans today offer many loan types, loan term choices, and fixed or variable interest rates. 

Indigo Mortgage is the link between you and the bank that offers a construction loan.  This is a short-term loan that carries an interest only payment.  We pre-qualify you for the construction loan assuring the bank that when you are finished with constructing your home, you are able to pay off the construction loan with a permanent refinance loan.  Your file is processed to assure you have pre-qualification for the permanent refinancing.  We will package your loan and send it to the bank with your income, assets, home plans, builder contract, and any documents required to secure a construction loan. 

Our Construction Division has expanded and offers the best rates available in construction lending.  If you have any questions about a construction loan, use our QUICK LOAN ANALYSIS form.  The information you provide gives us an initial idea of what you are interested in building.  It is fast and easy and no personal information is required. 

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First Name
Last Name
  • Construction rate is interest only payment
  • Land purchase is allowed within the construction loan
  • Rehab loans are available for large remodels
  • Appraised value established off your drawings and specifications and this determines your Loan to Value (LTV)

We can answer your questions whether you are in the beginning stages with an idea, or are ready to build.  You can reach us at 505-836-5700 to ask questions, set up an appointment with one of our originators, or you may drop by our office.

Residential Construction Loan

Residential Construction Loan Supporting Documents

Construction Supporting Documents