You are moving right along to being a home owner, finding a lender is just as important as the search for an Associate Broker / REALTOR®. You want a lender that you are comfortable with, as they are going to learn all about your financial business. It is always a good idea to ask family and friends for recommendations; as well as checking with who you currently bank with. I recommend working with a local lender. Some of the reasons why I recommend our local lenders are:
- they are familiar with our local and state rules and regulations
- they are easily accessible
- often times they have fewer fees and are more competitive
- you can meet with them face-to-face
- you create a relationship with them
- they can usually expedite the lending process
- they are familiar with our local fees
- they have knowledge our our current market conditions
Once you choose a lender, you need to get pre-qualifed. By being pre-qualified you are able to search for homes that are known to be within your price range; and a pre-qual letter can make a written offer stronger.
Here is a list of a few of local lenders:
First National Bank
Theresa Murray
575.443.5273
theresa.murray@fnb4u.com
www.fnbmortgageloans.com
Bank' 34
Lee Ann Bain
575.443.2522
leeann.b@bank34online.com
Pioneer Bank
Debra VanWinkle
575.437.9075
dvwinkle@pioneerbnk.com
Otero Credit Federal Credit Union
Norma Esquero
Gabriel Bigas
575.434.8500
nesquero@oterofcu.org
BBVA Compass Bank
Lisa Howard
575.434.8711
lisa.howard@BBVAcompass.com
First Savings
Linda Rardin
575.437.0095
lindarardin@firstsavingsbanks.com
First American
Reney Marrujo
575.439.9800
While we have a great working relationship with these lenders, they are not affiliated with Affinity Real Estate, LLC or it’s agents. Selection of any lender from this list or elsewhere is at the discretion of the customer. Additional companies may be found in the local telephone directory and/or from the references of other customers/resources.
Coming Soon . . .
Step 4 of 9 : Knowing Your Needs and Wants
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* This blog is written and maintained by Michele Sims.
** The views expressed on these pages are mine alone and not those of my brokerage.
*** This information is demed reliable, but not gauranteed
**** Statitical data comes from Otero County Association of REALTORS®
© 2011 Michele Sims. All rights reserved.
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