Hypo Iguana do not have Red eyes Like Albinos yet they look like Albinos. However; their eyes do appear different than normal.
Hypomelanistic Hypo is short for hypomelanistic which means that the animal has reduced ability to produce black pigmentation (melanin) in iguanas this is most evident in the black banding on their tails, There are different degrees of “loss of Black pigment” some just have mild black pigment loss some bands look a shade of grey and some bands are so absent of black pigment the banding looks a light shade of red or orange. a high-grade Hypo iguana looks yellow with this light banding on the tail.
Some breeders also produce Hypos however, they elect to call them different and fancy names. I guess I am just not as creative as them.
These particular animals are very pure when it comes to lack of black pigmentation. They will make a great display animal or an impressive pet.