Here are a few reasons why a local lender is your best choice in Oklahoma.

If you’re buying a home here in Oklahoma and moving in from out of state, an out-of-state lender may not be the best choice for you. There are two main reasons why:

1. More work-from-home buyers. Since the start of COVID, many companies have allowed their employees to start working from home. Due to that, many people decided to move here to Oklahoma because the cost of living is much lower than where they were living. However, many lenders are requiring a letter from your employer stating that they are okay with you living in Oklahoma and working remotely. This gives the lender proof of employment after you move, which puts them more at ease. A local lender is aware of this fact and will make sure you don’t skip this important step when moving here.

“Some sellers require you to have a local lender to make an offer.”

2. Local lenders are preferred. A lender in the location you’re moving to will know all of the state requirements and help your loan close smoothly. Oklahoma runs slightly differently from the rest of the country, so having a local expert who knows the ins and outs will ensure you close on time. Sellers and their agents sometimes require local lenders because of that reputation of closing on time. 

It’s not always about money when making an offer. The terms and lender you use may be the difference between you winning your dream home and having to start the search all over again. If you want a list of trusted lenders that we’ve worked with, don’t hesitate to reach out to us. We would also love to connect you to an agent out of state if you’re leaving the area.

If you have any other real estate-related inquiries for us, don’t hesitate to reach out via phone or email. We look forward to hearing from you soon.