Spring has sprung! Baseball players have reported for spring training. Local farmers are harvesting their crop…and the Triangle real estate market is heating up!
The Triangle is in the middle of one of the biggest housing booms in years. Many REALTORS® have said the area can be a buyer’s or seller’s market, depending on location. With new construction projects going up all over the Triangle and new listings popping up all the time, it’s all many REALTORS® can do to keep up with the high demand. According to The News & Observer, “more than 1.3 million people live in the Raleigh-Cary metro area, up 2.5% in the year ending last June 30.” The demand has created bidding wars and multiple offers on nearly every listing and that is why it’s imperative to have a good local lender, like FM Lending, in your corner.
Given the choice between buying locally grown produce versus produce shipped from the West Coast, most, if not all people would choose local, with convenience and price being equal. The same goes for your lending decision.
Local mortgage bankers have the same rates and fees as large national lenders, but ultimately provide a better product and service than their larger counterparts. By working with a local lender, you are not only supporting the local economy, you can rest easy knowing your mortgage consultant is down the street and easily accessible.
Russ Cole, of Fonville Morisey Chapel Hill, knows this all too well. “My experience is local lenders provide higher quality customer service, have more control to resolve issues and have a quicker turnaround. Large banks have little control over key resources to provide on-time closings.”
Christy Kimbro, of the Carolina Real Estate Coalition, agrees. “I much prefer working with local lenders, like FM Lending, for the single reason of being better able to maintain a hands on approach regarding every aspect of my buyer’s transaction. They are also likely to have a clear understanding of all the nuances of the local community that may have a bearing on the fluidity of the loan process and the transaction itself. The impersonal approach that is often a prerequisite for larger lenders and on-line lenders sets the tone for the transaction from the very beginning. Buyers want and need a strong sense of urgency from their lender and it’s hard to get that from someone that may be hundreds or even thousands of miles away in a different time zone.“
FM Lending originates processes, appraises, underwrites, and closes your loan all within the Triangle and is well known for excellent customer service, easy access to key decision makers and on-time closings. If personalized service, superior local product and competitive prices are important to you, please stop by your local FM Lending market. Play ball!
About FM Lending.
FM Lending Services is a full service mortgage banker specializing in residential purchase and refinance loans in North Carolina since 1992. FM Lending Services offers a wide range of mortgage products and is consistently awarded the highest rankings by the North Carolina Housing Finance Agency and USDA. We have built a strong reputation in the Carolina’s for service, on time closings and professionalism. We pride ourselves on serving the lending needs of real estate professionals and their clients and many of our originators consistently rank in the TOP 1% of Mortgage Originators in the country*. It’s our mission to create an extraordinary customer experience through the efforts of our knowledgeable and caring mortgage professionals where relationships are valued and the focus is on treating every client with white glove service. We’ll work closely with you throughout the financing process, helping provide valuable information so you can make informed decisions.
FM Lending Services (Prosperity Home Mortgage, LLC dba FM Lending Services), *Ranked by Loan Originator Magazine