Veterans are starting to get hammered by mortgage lenders all over the country, trying to get the veterans to do a VA streamline refinance. Because mortgage interest rates are starting to come down to the low 5% range for VA streamline refinances, every veteran with a home loan above 6% is getting inundated with offers
Because Indigo Mortgage has the VA Mortgage Loan Center, many veterans over the years have come to trust us in offering them both ethical and honorable deals. Like other consumers, veterans should shop their mortgages around to find the best rates and lowest fees. When we see an offer for a VA home loan from
A jumbo loan refers to a loan that exceeds the amount of $726,000, which is the limit guaranteed by Fannie Mae and Freddie Mac, the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage Corporation (FMCC), respectively. Due to this, New Mexico borrowers seeking jumbo loans have limited options when it comes to
In its latest requirement update for 2023, the VA has made significant changes regarding jumbo loans for eligible veterans. One notable change is the elimination of the need for down payments. Now, regardless of price, veterans can purchase a home without any down payment. This rule only applies if no other VA loans are active
When it comes to VA loans, Indigo Mortgage in New Mexico are experts. The Indigo team is here to educate buyers on VA or Veteran purchase loans and to help them better understand what these types of loans cover. The VA or Veterans mortgage loan is the best mortgage loan on the market, as it
Purchasing a home can be complicated, especially in today’s market, but it doesn’t have to be. The Indigo Mortgage New Mexico team is here to tell you why you should shop locally for a mortgage lender when purchasing your next home. In the mortgage market, not all loan transactions are simple purchases or refinances. In
The rising Mortgage interests rates we’re seeing in mid-2022 mean that its more important now than ever for Veterans to shop their mortgage around to get the best VA Mortgage. There are still some bad actors out there taking advantage of veterans and charging high interest rates and very high fees. As we’ve mentioned recently,
As we approach the end of first quarter in 2021, New Mexico homeowners with a VA loan have seen the very low interest rates available for VA Streamline loans, also known as Interest Rate Reduction Refinance Loans (IRRRLs). Streamline loans are a great opportunity for Veterans to refinance their existing mortgage into today’s lower interest
A new independent national survey was recently conducted, looking not only at VA interest rates but also comparing closing costs. The survey looked at the top 10 VA lenders nationally and compared them to smaller VA lenders. The results showed that the big national VA lenders, the big names you recognize, are clearly taking advantage
A VA Streamline IRRL loan, also known as a VA IRRL (for “interest rate reduction loan”) is a loan designed for a veteran to refinance his or her current VA loan into a loan to get a lower interest rate and lower monthly payment. The IRRL refinance must be a VA to VA refinance. It’s