Yes, Your Lender Matters

New home buyers often come to us with a pre-approval from a large or even local bank or credit union. While it is great that they took the step getting pre-approved, their choice of lenders can make or break any offers. In short, the lender matters, and it really matters to the listing agent and the seller.


Buying a home is a major financial decision and one of the most significant investments many of us will make in our lives. Both buyer and seller have an interest in ensuring that the home buying process is as smooth and stress-free as possible. One of the most crucial steps in the home buying process is getting pre-approved with a local reputable lender. Pre-approval is essential because it gives homebuyers a clear idea of how much they can afford to spend on a home and helps them narrow down their search to homes that fit their budget.

Getting pre-approved with a local reputable lender also provides homebuyers with a competitive edge in a tight housing market. In today’s market, where homes are selling quickly (yes, homes are still selling quickly) sellers, and listing agents want to know the lender. Many local lenders have a reputation for getting the job done, without hassle, and on time. Many big banks, or credit unions have the opposite reputation. It assures the seller that you are a serious buyer and have already taken the necessary steps to secure financing with a lender that knows what the hell they are doing. This can be especially important in a bidding war situation, where multiple offers may be on the table.

Finally, pre-approval with a local reputable lender can save homebuyers time and money. With pre-approval, buyers can shop for homes with confidence, knowing exactly how much they can afford. They can avoid falling in love with a home that is outside their budget and instead focus on finding the perfect home within their price range. In addition, pre-approval can sometimes lead to more favorable loan terms, such as lower interest rates, which can save buyers thousands of dollars over the life of their loan.

In conclusion, getting pre-approved with a local reputable lender is an essential step in the home buying process. It provides homebuyers with a clear idea of their budget, a competitive edge in a tight housing market, and can save them time and money. Working with a local lender with a strong reputation in the community can also provide additional benefits, such as personalized service and knowledge of the local market. By taking the time to get pre-approved, homebuyers can set themselves up for success and make the home buying process a positive experience.

Below are a few of the lenders we recommend to our clients:

Nancy Spiro 
Mitzi Verlinde of Cross Country Mortgage
(206) 953-8018
Darci Kivalu of Academy Mortgage
(206) 773-5727