You’ve decided that it’s time to take the leap and buy a home. In addition to patience, persistence and a keen eye, you’re going to need a strong team on your side. Your first choice will be your mortgage lender to get mortgage pre-approval before entering the market; and for this, your best bet is to stay local. While you may assume larger institutions could have more to offer, local mortgage lenders boast rewarding benefits that are beneficial to first time home buyers.

Personalized Attention

While big banks may just look at your mortgage as a number, to you it’s so much more. It’s your home. It’s the place you’ll unwind from work, entertain friends and family and build a life in. Local lenders get that. They will sit down with you in person and answer any questions you might have, explain the process to you in a way you can understand and work to make sure your needs are addressed. Local lenders put the time and effort into helping you find the right mortgage.

Experience in Local Market

Working with a lender that understands the demographic, economic and market conditions of the area where you are buying your home is essential to ensure that you set yourself up for success. Your lender can get you started in the right direction and be a trusted partner when you need a local perspective that other institutions can’t provide.

Strong Relations in the Community

The same way you will want to work with a local lender for your mortgage, keeping other services such as your closing attorney, local will help you as well. They will provide you with invaluable insights and chances are your lender will know them. Having a good working relation among all parties involved will make the homebuying process much smoother as a lot of the work that is going on during this time will be between your lender and your other representatives.

Faster Response Time

While many first time home buyers put a great deal of effort into the home search and working out an appropriate offer, the truth is the real fun begins when the offer is accepted. There are a lot of moving pieces and things to take care of in a relatively short period of time. You are going to want the peace of mind of knowing you are working with a lender who is responsive and helps you work your way through the process. Large institutions simply do not have the time to work with you the way a local lender will. For first time homebuyers in particular, this is one of the most important reasons to stay local.


When you’re trying to make one of the most important purchases of your life, the last thing you need is to be inundated under a waive of conditions, contingencies, fees, penalties and hurdles to jump through. Smaller, local institutions are here to work with you and for you, keeping your bigger picture in mind throughout the process.

When you’re ready to start your journey towards homeownership, know that you can trust in the experience and expertise of the mortgage specialists at Mechanics Cooperative Bank to help you get into the house of your dreams. Speak with one today to learn about our continued commitment and how we have been helping homebuyers for decades.