With mortgage rates beginning to come down, many veterans are once again exploring their options—whether that’s purchasing a new home or refinancing their current mortgage. A home loan is one of the largest financial decisions a veteran will make, and choosing the right lender can save thousands of dollars over the life of the loan. Unfortunately, there’s a harsh reality that too many veterans discover far too late: the big, national VA mortgage lenders that claim to serve veterans often end up hurting them instead of helping them.
At Indigo Mortgage, based right here in Albuquerque, we believe veterans deserve better. We’ve seen firsthand how these large, well-known companies promote themselves as “veteran-focused,” while in reality charging unnecessarily high rates and piling on fees. The truth is simple—if you don’t shop around, you could end up paying dearly for your mortgage.
Why Veterans Are Paying Too Much
Over the years, Indigo Mortgage has had the opportunity to compare our VA mortgage rates and fees directly against one of the biggest national lenders—a company that markets itself as being dedicated to veterans. The sad truth? This so-called “veterans-focused” lender consistently charges veterans extremely high interest rates and includes closing costs that are far above what’s reasonable.
When Indigo Mortgage runs the same loan scenarios, we often find that our rates are a full percentage point lower. In many cases, the savings can add up to thousands of dollars less in upfront costs. That kind of difference doesn’t just save money at the closing table—it makes a major impact on long-term affordability and monthly payments.
For example, imagine a veteran refinancing into a $250,000 VA mortgage. With a one percent higher interest rate, that veteran could be paying well over $150 more every month, and tens of thousands of dollars extra over the life of the loan. That money should stay in veterans’ pockets, not go to a national lender that relies on its brand name to charge more.
The Problem With Blind Trust
Too often, veterans don’t shop around when securing a mortgage. They assume that a lender with “veteran” in their name must automatically be the best option. Sadly, that misplaced trust is costing veterans dearly.
The reality is that many of these large, national lenders rely on their name recognition and massive advertising campaigns rather than offering truly competitive rates. They count on veterans trusting the brand and not asking questions. In truth, veterans are sometimes paying some of the highest VA mortgage rates in the market simply because they didn’t compare offers.
At Indigo Mortgage, we want every veteran to know that a mortgage is not one-size-fits-all. Rates and fees vary widely depending on the lender. Shopping your mortgage around is not just smart—it’s essential.
Why Shopping Local Matters
Here in Albuquerque and throughout New Mexico, veterans have a better choice. Indigo Mortgage is a trusted local VA mortgage lender that has been serving the community for years. We believe in transparency, honesty, and real value. Unlike a national call center, we know our clients by name and treat each loan with care.
Shopping local matters because we understand the unique needs of New Mexico veterans and families. Whether you’re using your VA benefits for a home purchase or looking to refinance into a better rate, Indigo Mortgage takes the time to explain your options clearly. We don’t tack on unnecessary fees, and we’ll show you side-by-side comparisons so you can see the difference for yourself.
Veterans who come to us after starting with a national VA mortgage lender are often shocked by how much they can save. Many times, we can lower their interest rate by a full percent, reduce their costs by thousands, and make sure their loan is structured for long-term success.
The Risks of Overpaying
Overpaying for a mortgage doesn’t just affect your monthly budget—it can have long-lasting consequences. Paying higher VA mortgage rates or inflated fees may limit your ability to refinance later, reduce the equity you build in your home, and put unnecessary stress on your finances.
Sadly, we’ve met veterans who are stuck in loans they can’t easily refinance because they trusted a big national lender. By shopping local and choosing a company like Indigo Mortgage, veterans can avoid these pitfalls and ensure their home loan truly works in their best interest.
VA Mortgages Done Right
At Indigo Mortgage, we take pride in being a veteran-trusted lender in Albuquerque. Whether you’re looking at a VA purchase loan, a refinance, or simply want to know your options, we are here to serve you—not the other way around. Our team has the experience, tools, and dedication to make sure you get the best possible deal.
We encourage every veteran to do three things:
- Never settle for the first quote you get. Always compare.
- Look beyond advertising. Big names don’t always mean better rates.
- Work with a local expert. A trusted New Mexico mortgage company will take your financial goals seriously.
The Bottom Line
Veterans: don’t assume that a big, national VA lender is your best bet. The sad truth is, many of these companies are charging you higher rates and fees than you should ever have to pay. Instead, shop your mortgage around, and be sure to include Indigo Mortgage in that process.
With offices right here in Albuquerque, Indigo Mortgage is committed to serving veterans honestly and transparently. We’ll compare rates with any national lender, and in most cases, we can save you thousands of dollars.
If you’re ready to explore your options, whether for a VA mortgage, a refinance loan, or any other home loan, Indigo Mortgage is here to help.
Contact Indigo Mortgage today with your questions about VA mortgages or any mortgage needs. Your service deserves more than empty promises—you deserve real savings and real trust.