In today’s mortgage market, there are several options for down payments on a home purchase. A local lender like New Mexico’s Indigo Mortgage can find the right type of loan and almost always, can be the terms and closing costs of other lenders.

At Indigo Mortgage, we have our 100% financing option called Indigo Bright Start. In our exclusive program, borrowers don’t have to put down any money and there are no income restrictions. You do not have to be a first-time homebuyer to benefit from Indigo Bright Start!

Another program is a 3% down payment program on conventional loans but again, there are income limitations. The Federal Housing Administration (FHA) offers a 3.5% down payment program with no income limitations.

The Veterans Administration (VA) offers zero down on all their purchase loans for veterans and active duty. Indigo Mortgage is one of the largest brokers for VA Loans in the region. We’ve helped many, many veterans find the right home, with the right financing.

The United States Department of Agriculture (USDA) offers zero down on rural properties. Payment assistance is available but there are qualifications for the loan.

As you see, there are many different programs available and its important for borrowers to understand which one is right for their individual circumstances so you will want to utilize the expertise of a local mortgage broker like Indigo Mortgage. We will not only take the time to outline the right program but also offer some of the best rates and terms on market. One size does not fit all so let’s take some time to figure out which loan is the right fit for you. We’ve helped home buyers through the home loan process in the Albuquerque region and all across New Mexico since 2003.