Indigo Mortgage Educates Veterans on the 100% Purchase VA Loan

Indigo Mortgage, an Albuquerque, New Mexico mortgage company with four lending divisions to serve the residential, commercial, VA and reverse mortgage markets, provides assistance with helping veterans take advantage of the VA Purchase Money Mortgage, which is the only 100% purchase money loan program available.

The VA Purchase Money Mortgage includes the following components and requirements:

• A veteran can purchase a home with zero money down.
• The seller can pay up to 4% of the purchase price toward the closing costs for that veteran who would like to purchase their home.
• Qualifications include debt ratio, employment status, credit profile and veteran eligibility.
• This mortgage loan product can only be used for owner occupied (primary dwelling) homes, so it could not be used to purchase a second home or an investment property.
• A veteran can use their benefit multiple times on various home purchases as long as they have paid off previously established VA mortgage loans and their eligibility is restored.  

In commenting on this important mortgage loan product for veterans, Benjamin Lucero, President, said, “At Indigo, we are concerned with doing what we can for all potential home buyers in terms of having their best interests as the deciding factor for putting them into a mortgage loan. We take the time to educate our veteran customers on the 100% Purchase VA loan and what it involves in terms of costs and criteria so that they understand what the mortgage loan is and how they can budget for their monthly payments. Going this extra mile in providing all the necessary information is an important factor in helping these customers stay in their homes.”

Lucero added, “Right now, the interest rate on a VA Purchase Money Mortgage is around 3.75% for a 30-year fixed rate mortgage loan product, and home prices are in the buyer’s favor, which provides an excellent opportunity for veterans to leverage their VA eligibility and purchase a home. We are proud to help as many veterans as we can turn the dream of homeownership into a reality, especially as they have served our country so well.”

The mortgage professionals at Indigo Mortgage are happy to assist any veteran with checking on their VA eligibility or if they have other questions related to VA mortgage loans.

About Indigo Mortgage

Headquartered in Albuquerque, New Mexico, Indigo Mortgage is a locally owned and operated mortgage company that is 100% certified NMLS (National Mortgage Licensing System) with expert mortgage brokers and loan originators. The company operates four divisions: New Mexico Residential Mortgage Division, New Mexico Commercial Loan Division, New Mexico VA Mortgage Loan Division and New Mexico Reverse Mortgage Loan Division. Indigo Mortgage was founded by Benjamin Lucero and operates on a philosophy of personal service, high integrity, fairness, and moral and ethical behavior. The company’s motto is: “Because nobody cares more about your mortgage loan.” For a quick loan analysis click Quick Loan Analysis. For more information on their mortgage services, please visit www.indigomortgage.net.