Category: VA Home Loans

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Veteran Administration (VA) mortgage interest rates are the lowest in history, as veterans already know. They know this because they are being bombarded about refinancing with online ads, direct mail, and calls from their own mortgage company. Here are some easy guidelines about the “streamline” interest rate reduction refinance loan (IRRRL). A veteran is eligible

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Let’s review the actual mortgage process and how the home loan moves from application to funding. At Indigo Mortgage, we have developed a system to streamline the loan process. To do that, we have created three departments: origination, set up, and processing. Indigo Mortgage Colorado is a mortgage broker, which means that we represent the

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Indigo Mortgage Colorado’s owner, Ben Lucero, shares some recent success stories for VA loans! “Recently, I had a veteran call me and say he got an offer from a local credit union for a VA streamline loan, but he was disappointed in the interest rate they offered and the amount of closing costs. He said

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When you’re buying a home and applying for a mortgage, avoid any upfront application fees. Today, some mortgage lenders are charging borrowers an upfront application fee, often $500-$600, when they apply for a mortgage. The lender tells the borrower that this fee will be credited towards the appraisal of the property. Upfront application fees are

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Recently, an independent national survey was conducted that evaluated VA interest rates and compared closing costs. The survey looked at the top 10 national VA lenders and compared them to smaller VA lenders. The results showed that the big national VA lenders, names you’d recognize, are clearly charging veterans more than small lenders – the

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It’s important to know that there are many different parties involved in the home buying process. There’s usually a seller, a buyer, 2 realtors, a Title company, and the Lender. All of those people depend upon the lender to get the loan financed and closed on time. Ideally, they will all be in constant contact

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A VA Streamline loan, also known as a VA IRRL (for “interest rate reduction loan” is designed to allow a veteran to refinance his or her current VA loan into a loan with a lower interest rate and lower monthly payment. This type of refinance must be a VA to VA refinance. It’s called a

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Homeowners with a conventional mortgage who are working to refinance their loan to a lower interest rate have a new fee that will be added. We’ve advised for the last few months that this fee was coming and it’s here. The fee is known as the Adverse Market Fee and it adds a .5% fee

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As a mortgage broker, Indigo Mortgage Colorado has access to the largest wholesale lender in the country and they have approved our company to offer a VA Purchase loan and a VA Streamline Loan with the 30-year fixed rate as low as 2.25%. That’s right– a VA purchase rate or a VA Streamline refinance with

The number of homes that have installed solar panels on or around people’s homes have really increased, especially in the west, and that’s a positive thing. However, one impact of solar panels that most homeowners don’t realize that when they finance or lease these panels, is the impact the panels have on their home’s title.

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At Indigo Mortgage Colorado, we get calls every day, asking “What’s your best interest rate?” We tell them it’s impossible to accurately answer that until we can get some basic answers from you first. One real piece of advice we suggest, is when you’re ready to make an inquiry about a refi or new home

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As you’ve noticed if you’re in the market for a mortgage or a refi, mortgage interest rates have declined to the lowest in history and there are way more borrowers than there are lenders. Because of this, many of the large national companies that promise easy, online applications and funding are actually taking advantage of

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Now, in September 2020, mortgage rates are about the lowest in history. Because of that, mortgage lenders in Colorado have been hit with a deluge of new applications which is causing a backlog across the mortgage industry. Overall it is taking longer to get an appraisal, the time needed for underwriting has been extended, and

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Some Colorado home owners who have taken advantage of a loan forbearance from their mortgage company. A forbearance is basically taking a three month reprieve from mortgage payments without having it affect your credit score or having it counted as being delinquent in payments. This was a welcome break for home owners during the Covid-19

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Even now as we all deal with a global pandemic, the Colorado real estate market remains very competitive. With mortgage rates at historic low interest rates, many people are making offers on homes. This is a “seller’s market”, when the number of homes on the market is fairly small versus the amount of people trying

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6805 Corporate Drive, Suite 115
Colorado Springs, CO.
80919

Call: 719-836-9500

Fax: 505-213-0633

NMLS #188348
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