VA Loan

It’s a sad truth that some big-name VA lenders, despite their patriotic marketing, often overcharge veterans with high rates and excessive fees. At Indigo Mortgage, we’ve reviewed offers from these national VA Loan companies and have seen shocking discrepancies—sometimes our VA rates are a full percentage point lower, saving veterans tens of thousands over the life of their loan.

Why does this happen? National lenders often rely on flashy ads and call centers that prioritize volume over service. Veterans may not realize that a lower advertised payment can mask high closing costs, rate buy-downs, or hidden fees.

Real Example of Loan Savings

Consider a $300,000 VA loan with a 30-year fixed term:

  • Big National Lender Rate: 6.25%
    • Monthly payment (principal and interest): $1,847.15
    • Total loan cost: $665,974 (including $365,974 in interest)
  • Local Lender Rate (1% lower): 5.25%
    • Monthly payment (principal and interest): $1,656.61
    • Total loan cost: $596,380

That’s a savings of $67,594 over the life of the loan! Even a single percentage point can make a massive difference in your financial future.

Why Local Matters

Local lenders like Indigo Mortgage don’t just offer competitive rates, we also guide you every step of the way, ensuring transparency so you know exactly what you’re paying for. Unlike big-box VA lenders, we don’t bury fees in the fine print. Our mission is to ensure your VA benefits work for you, not against you.

According to a recent report by the Associated Press, VA loan rates and terms can vary significantly based on the lender. This is why veterans should always shop around and work with a lender that prioritizes their best interests.

Don’t Settle for Less

Before you sign with a lender because their name sounds familiar, ask yourself: are they honoring your service, or profiting from it? You’ve served your country—you deserve a mortgage that serves you. Let Indigo Mortgage show you how honest lending for VA home loans makes a difference to your pocketbook. Call us today for more information.

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