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Construction Loans

When you’re ready to build the home of your dreams in beautiful Colorado, Indigo Mortgage is here to help. In the Colorado Springs area, due to the cost of living, we are able to provide construction loans up to $675,000* with a 180 day lock against rising interest rates.

As we read the market, we believe we may be slipping into a rising interest rate environment. Many borrowers agree—and many of them who are considering a construction loan or are in the middle of construction are afraid of what their rate will increase to once they convert to permanent financing.

With Indigo Mortgage, you don’t have to worry. Our new conforming loan program locks you into today’s rate for 180 days with no fees. That means your rate will not increase for 6 months – allowing time to complete the construction of your home.


Early in 2018, the size of a conforming loan was limited to $453,100 for single family homes. However, in some locations where the cost of living is higher, the Federal Housing Finance Agency (FHFA) allows for higher loan amounts. Currently, Indigo Mortgage is able to offer construction loans for one-unit properties for up to $675,000* at Fannie Mae and Freddie Mac conforming rates, with no need for jumbo loan interest rates.

So, when it comes to construction lending, no one offers lower rates than the Construction Division at Indigo Mortgage. If you have any questions, feel free to contact us by phone, or fill out the quick, easy and secure Quick Loan Analysis form.

*Check with Indigo Mortgage for any updated lending information, as loan limits can and do change periodically.

Construction Loans Supporting Documents