Loan Information Needed on Out of State Investing

[Anne Christensen]

Hello,

I am most likely going to be investing out of state but I have selected which state just yet.  I'm considering several states.  Is it best to obtain a loan from a local lender or a lender in my own state, where I will NOT be investing?  I am assuming I should only apply for one loan approval since pulling my credit score/history will lower my credit number.  Any advice appreciated. 

[Robin Simon]

Quote from @Anne Christensen:

Hello,

I am most likely going to be investing out of state but I have selected which state just yet.  I'm considering several states.  Is it best to obtain a loan from a local lender or a lender in my own state, where I will NOT be investing?  I am assuming I should only apply for one loan approval since pulling my credit score/history will lower my credit number.  Any advice appreciated. 

 Best bet is likely (not absolute - everyone's situation is different) is to look at a national lender or broker that has options in lots of states - its a great development versus 20 odd years ago, with technology, internet, places like this - can have access to many more options than before (local broker or lender thats it)