Tucson AZ Local Banks and Credit Unions

[Ashley Vellon]

Has anyone had luck using a local bank or credit union in Tucson, AZ to refinance a complicated loan, rather than going through Freddie or Fannie?  

Thanks!

Ashley

[Patrick Allen]

Local community banks have a greater capacity to be flexible in their lending criteria, but only exercise that flexibility to the extent the know & trust the borrower. As such, it's generally best to approach those sorts of lenders in advance, perhaps even putting some money on deposit with the bank in the form of opening checking accounts and otherwise building a relationship with them now on the promise of future business. Just because they might reject you as a new account holder doesn't mean they wouldn't be more open to taking on greater levels of risk after years of doing business with you.

Here is a tool to help you find local community banks around town if you'd like. Several great options; I went with National Bank of Arizona for my business banking, largely because I already had contacts with their SBA & Commercial loan originators from prior networking events.