Online lenders vs local lenders for conventional loans

[Kyle P.]

Hey all,

I am looking to buy and move into a 2nd property (my first SFH will be turned into a rental). I am looking at some local brokers/banks and can get around 4% for a 30 yr conventional 5% downpayment. I am seeing online sites like Quicken or Box Loans advertising around 3.875% (the APR is lower than local rates too). Should I go with the online loans for the cheaper rate, or is there something I am missing? Any advice would be appreciated.