I don’t know what it’s like in other parts of the country, but here in Orlando, FL, when I’m working with buyers, I highly, highly recommend using a local lender. I know that Quicken Loans or Rocket Mortgage and other online lending platforms look cool with their fun marketing and iPhone apps, but have you ever thought about how you’re going to reach someone? Will you call an 800 number with a 14 digit extension to get to them? Do you have their cell phone? Are they responsive? Is their reputation on the line with other local Orlando Realtors to close your transaction on time?

Local lenders and local Realtors work together all the time and after a while, reputations are established. I recommend relying on your local Realtor to give recommendations on who is a good Orlando loan officer. Here’s some things to keep in mind about why a lender is almost as important as the offer you make on a property.

  1. In this market with multiple offers, the listing agent will want to be able to easily get in touch with the lender for updates.
  2. Local lenders understand the Florida real estate contract. Not all contracts are the same and you want a local lender that knows the important deadlines that have been set for your loan approval.
  3. A lender’s reputation to communicate and close can be the difference in you getting the house or not. As an example: I was able to secure my buyer’s dream home because the lender had a great reputation, even though my buyer’s offer was $5K less.

If you have a question about which Orlando loan officers are great to work with, reach out to me here and I’ll be happy to guide you!

Need help in the Orlando real estate market? I’m a top Orlando (and surrounding areas) Realtor and am ready to guide you whether buying or selling. Reach out to me today!