Lenders out of state: does it matter? what are the pros/cons?

[Erin Attwood]

This may seem like a naive/juvenile question to someone of experience, and I'm new so here it goes.

What positive/negative sides are there to having a lender who isn't local to the area I'm looking to purchase?
Does it matter at all??

Thanks in advance!

[Bradley Buxton]

@Erin Attwood

Some local lenders know the market better and might give you more favorable terms. There is also the local knowledge of a market like here in Lake Tahoe where lending can be trickier so an offer with a local lender might get chosen because they have a reputation to get a deal done vs a national lender that can have more red tape and a slower process.