working with a lender for out of state investments

[Anthony Bielecki]

Hello,

I'm gearing up to make my first investment purchase - a multifamily home out of state. I've heard that smaller lending institutions, such as local Savings & Loans or Mutual Savings Banks, often offer the most competitive mortgage rates. Should I be looking for these in my area, the area of the property, or both? 

Any comments are greatly appreciated. Thanks for your time! :)