Thinking About Building a Home?
With today’s competitive housing market and limited inventory, more and more New Mexicans are choosing to build their own homes rather than buy an existing one. But for many borrowers, the biggest question is: Where do I even start?
Whether you’re just beginning to explore the idea or already deep into planning, Indigo Mortgage can help you confidently navigate your construction-loan options. According to President Ben Lucero, construction lending has been a core part of the company since day one—and Indigo Mortgage has become one of New Mexico’s most trusted experts in the process.
Construction Loans: What Borrowers Need to Know
Construction loans are different from traditional mortgages. They require a lender who understands the building process, timelines, inspections, budgets, and how to structure a loan that works for both the borrower and the builder.
That’s where Indigo Mortgage excels.
“Indigo Mortgage has been offering construction loans since our inception,” Ben explains. “We’re truly experts when it comes to the details, the requirements, and the options available. Our goal is to guide borrowers every step of the way.”
Indigo Mortgage offers a wide range of construction-loan programs, including:
✔ One-Time Close Construction Loans for Veterans
Veterans have access to one of the most beneficial programs in the industry—
100% financing, even when buying the land.
This means eligible veterans can combine the cost of the land and the construction into one single loan, without a down payment.
✔ One-Time Close Construction Loans for Non-Veterans
A one-time close loan wraps construction and permanent financing into one package, simplifying the process and potentially saving borrowers on closing costs.
✔ Two-Time Close Construction Loans
Some borrowers prefer or require a two-phase structure—one loan for construction and a second loan for the permanent mortgage once the home is complete. Indigo Mortgage helps clients compare both options to determine which best fits their goals and finances.
✔ Land + Construction Options
Whether you’re purchasing land as part of the project or already own land and want to use your equity as the down payment, Indigo Mortgage can structure your loan accordingly.
Expert Guidance from Start to Finish
Many borrowers aren’t sure when to begin speaking to a lender—before choosing a builder, after drafting blueprints, or once land is purchased. The good news?
Indigo Mortgage can help at any stage.
“We can guide you through the process whether you are just starting or knee-deep into the project,” Ben says. “From budgeting to loan structure to next steps, we make sure borrowers feel informed and confident.”
Indigo Mortgage can even connect you with well-established local homebuilders who have proven experience with construction-to-permanent projects. These relationships help streamline the process and ensure borrowers are working with reputable professionals who understand the funding timeline.
Why Experience Matters in Construction Lending
Construction loans require more moving parts than traditional mortgages. Timelines shift, budgets evolve, and inspections are required throughout the process. Having an experienced lender like Indigo Mortgage is essential.
With Indigo Mortgage, you get:
- A team that has specialized in construction lending for decades
- Clear explanations of programs, costs, and requirements
- A step-by-step roadmap of the entire loan process
- Local knowledge of New Mexico builders, land issues, and permitting
- Options tailored to your financial goals and building plans
“Construction lending is complex, but it doesn’t have to be stressful,” Ben says. “When borrowers understand their options, the process becomes exciting instead of overwhelming.”
Thinking About Building? Indigo Mortgage Is Ready to Help
If you’ve been considering building a home or just want to understand your options, now is the perfect time to speak with Indigo Mortgage. Ben and his team will sit down with you, walk through available programs, explain the differences between loan types, and help you determine the best path forward.
Whether you’re a veteran wanting to take advantage of 100% financing or a first-time builder trying to understand where to begin, Indigo Mortgage is here to help every step of the way.