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
If you’re self employed and preparing to purchase a home, you might find that some mortgage processes are harder for you. Some lenders are hesitant to loan hundreds of thousands of dollars to a self-employed business owner, especially if your company is not very old. At Indigo Mortgage, we have access to mortgage loans that
When preparing to buy a home that will have a mortgage, borrowers are required to come up with a down payment and closing costs. That money can come from different sources. The first is the borrowers have saved the money and have it already in a checking or savings account. The next way is that
Indigo Mortgage is pleased to announce our great new home loan program called Indigo Bright Start. Our Bright Start program offers a 1st and 2nd mortgage that allows the home buyer 100% financing with no money down and in some cases even helps with closing costs. The 1st mortgage is an FHA loan and the
Our biggest wholesale lender, United Wholesale Mortgage (UWM), recently announced that they are allowing partners to offer a 1% down payment for first-time home buyers’ mortgages. We have seen many borrowers benefit from this mortgage program. The program does initially require a 3% down payment, but UWM will grant an additional 2%, meaning a borrower can now
When borrowers are required to come up with a down payment and closing costs for their new home’s mortgage, the money can come from different sources. The first is when the borrowers have saved the money and have it already in a checking or savings account. The next way is borrowers can borrow against their
Recently our biggest wholesale lender, United Wholesale Mortgage (UWM), announced that they are allowing Indigo Mortgage to offer a 1% down payment for mortgages for first-time home buyers. This is a huge win if you’re looking to purchase your first home in Albuquerque, Rio Rancho, or across New Mexico! The program requires a 3% down