Conventional Lending Out of State

[Leonard La Rocca III]

Wondering what the process looks like for getting a conventional loan for an out-of-state deal. For example, if one is looking to buy in PA but lives in NJ, is the typical process to inquire with banks local to the property in PA or is it normal for NJ banks to approve out-of-state?

[Derek Brickley]

The company yes, the loan officer no.  Yes BofA is all over the country but if you go to your local branch it's pretty likely that loan officer and/or office wouldn't be licensed to operate in another state.  I'm not for sure though never been there