If you plan to use your new Outer Banks property as collateral for your loan then there are a few advantages to using a local lender. Outer Banks Lenders here are familiar with issues relating to the flood zones and the nuances of lending on vacation rental property. For example, many vacation homes are sold furnished. Will the lender from out of town put a value on that furniture?
Furthermore, 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.
David Joyner – Townebank Mortgage
David has helped many Scott Team Realty clients and is good at over coming issues that arise with mortgages. David is a the manager of the Kitty Hawk branch and has a hands on approach to getting loans processed. David.Joyner@townebankmortgage.com.
Leif Rasmussen TD Bank
Leif has been in the lending business on the Outer Banks for many years. He has competitive rates and will respond to calls and emails on the weekend.
Daniel Evans Churchhill Mortgage
Scott Team Realty clients have had numerous good experiences with Daniel Evans.
Hunter Nelson – Caliber Home Loans
Hunter has been in the Outer Banks banking industry his entire career. He is easy to work with and has a great team behind him.
Shane Cook Guaranteed Rate
Shane has recently helped Scott Team Realty clients when other lenders gave up. Shane knows the market and his firm has good rates.
OTHER LOCAL Lenders:
PNC Bank, (252)255-2100
Southern Bank & Trust, (252) 449-4499