At Indigo Mortgage, we’ve always emphasized the importance of shopping around when securing a VA loan. Recent events have highlighted just how vital it is for veterans to be vigilant when choosing a lender. The Consumer Financial Protection Bureau (CFPB) recently fined New Day USA, a well-known VA lender, a staggering $2.25 million for deceptive practices. This case serves as a critical reminder that not all lenders have veterans’ best interests at heart.

The New Day USA Case: A Wake-Up Call for Veterans

New Day USA was found guilty of misleading veterans and their families by making their loans appear more affordable than they actually were. This deceptive marketing strategy lured veterans into agreements that ultimately weren’t in their favor. What makes this even more concerning is that this isn’t the first time New Day USA has faced penalties. Back in 2015, the company was caught paying illegal kickbacks and misleading veterans about endorsements from veterans’ organizations. These actions have left many veterans with loans that were far from beneficial.

The Importance of Shopping Around for a VA Loan

This situation underscores why it’s essential to shop around for a VA loan. By comparing offers from multiple lenders, veterans can protect themselves from potentially harmful deals and ensure they are getting the best possible terms. Unfortunately, some big-name lenders, like New Day USA, along with others that may sound reputable, like those resembling “Pocket” and “Veterans Divided,” are often more focused on profits than on serving veterans’ best interests.

Indigo Mortgage: Your Trusted VA Loan Broker in New Mexico

At Indigo Mortgage, we take pride in being one of the largest brokers for VA loans in New Mexico. Our commitment is to provide veterans with transparent, honest, and fair mortgage options. We understand the unique needs of those who have served our country, and we strive to offer loan products that truly benefit our clients. Unlike some larger national lenders, we prioritize personalized service and work hard to ensure that every veteran who walks through our doors gets the attention and respect they deserve.

Protect Your Financial Future: Shop Your VA Loan with Indigo Mortgage

When it comes to securing a VA loan, don’t just go with the first lender you find or the one with the flashiest ad