If you plan to use your new Outer Banks property as collateral for your loan then there are a few advanages to using a local lender.  For example, lenders here are familiar with issues relating to the flood zones. They also are familiary with the nuances of lending on vacation rental property.

Many Outer Banks lenders are either part of a national or regional company so they have competitive rates.   Finding a loan product that matches your particular financial need should also not be a problem.  These companies offer a wide variety of loan programs.

Below is the contact information on a few local lenders our clients have been happy using over the years.

Margaret Wells - OBX Bank Mortgage

Office: (252) 449-1311

Cell: (252) 202-8334
Margaret has been a lender on the Outer Banks over 20 years and is one of the most knowledgeable lenders around. She is very good at getting things accomplished in a timely fashion.  mwells@obxbank.com

Wendy Erwin -Wells Fargo Home Mortgage

Office (252) 480-0587

Cell: (252) 489-9276
Wendy has been fixture with the Wachovia/Wells Fargo bank on the Outer Bank for many years and her commitment to customer service and knowledge of the local market has recently her the position of Branch Manager. Wendy has tremendous knowledge base of the mortgage industry and can quickly pinpoint a program that will work best for you. wendy.c.erwin@wellsfargo.com

Hunter Nelson - Towne Bank of Currituck

Office: (252) 441-6628 
Hunter has been in the banking business on the Outer Banks for many years. Our clients find that he is a good source for Lot/Construction/Permanent loans. Towne Bank has some unique in house products for buyers with different situations. Hunter.Nelson@townebank.net