Pre-Approval Advice Needed

[Elin Trinh]

Hi BP Fam - 

I want to get pre-approved to buy an investment property out of state.  I contacted my local credit union and they suggested that I find a lender in the area that I am interested in investing.  I am interested in a few places.  Can I get preapproved and then go to a local bank/credit union to get the loan?  How would you go about getting pre-approved?  Should I just google a large lending company?

Thank you in advance for your help!!

[Jinhee Hann]

@Elin Trinh

You should use a National lender who can lend in all 50 states. Banks. Not local credit unions. What’s important is finding a realtor who’s super local. But lending is very general. Unless you’re purchasing a really unique property or a funky deal, use your trusted loan officer from a national bank who can lend anywhere. It’s really all the same.