Because Indigo Mortgage has the VA Mortgage Loan Center, we’ve helped many, many veterans over the years. They have come to trust us to offer ethical and honorable mortgages.
Like other consumers, veterans shop their mortgages around to find the lowest interest rates and fees. But when we see a VA mortgage loan proposal from the “Quick” sounding lender or that one says they “Unite” veterans, we almost always find that these lenders are taking advantage of our nation’s veterans.
Recently, we’ve seen offers from both these lenders that are either half a percent higher than our interest rate, or with many thousands of dollars in added closing costs. We had one veteran show us the proposal from that “United” sounding lender; it would have charged the vet $8,000 in discount points to get him the same rate we offered. Their proposed total closing costs were $14,000 on a streamlined VA refinance.
We don’t know how those loan officers can sleep at night with such dishonor given to our vets. We encourage veterans to steer clear of either of these national lenders. Always shop your mortgage and when you do, shop with a trusted local mortgage company like Indigo Mortgage.