When looking at the current housing market, it’s important to understand what you’re looking at, especially if you are interested in purchasing a home. For Veterans, these details may be a little different. The experts at Indigo Mortgage in Albuquerque are here to help you better understand the current New Mexico VA Rate Survey.
Recently, an independent national survey was conducted looking not just at VA interest rates but also comparing closing costs. The survey looked at the top ten VA lenders nationally and compared them to smaller local VA lenders in communities. The results showed that the big national VA lenders are taking advantage of veterans. The survey concluded that the rates of the larger lenders were, on average, half of one percent higher than small lenders. It also showed that their closing costs were thousands of dollars higher than smaller local mortgage lenders.
One interesting part of the survey found that the lender United Wholesale Mortgage consistently had the lowest rates and fee charges. UWM is also the largest home mortgage lender in the US. The great news is that Indigo Mortgage is United Wholesales’ number-one VA mortgage broker in New Mexico! That means we offer homebuyers, for both conventional mortgages and VA mortgages, great rates with low fees from the nation’s leading mortgage company.
If you are a Veteran looking to purchase a new home, reach out to the Indigo Mortgage team. We will get you the lowest rate possible with a fraction of the hassle. Reach out to us today with any questions.