What bank am I supposed to get a mortgage from?

Question

If I'm investing out of state. Does that mean I go to a bank close to where I want to invest or in the town I live in?

David Acosta · Answer

Hey @Darrell Birton, if you're looking to get a residential loan, then your best bet will be to source it through someone local to the desired market. If it's a commercial loan, you'll have the ability to source it through a mortgage broker who can be out of state (in your hometown, perhaps) as well.  Best of luck moving forward!

Chris Mason · Answer

You want to get preapproved by a loan originator local to the real estate being purchased.