Not all mortgage lenders are the same, and the type you choose can affect your rate, your timeline, and your overall experience.
Banks and credit unions
Traditional banks and credit unions often offer competitive rates and the convenience of an existing relationship, though underwriting can sometimes move more slowly than with a specialized lender.
Mortgage brokers
A broker doesn’t lend directly but shops your loan across multiple lenders to find competitive terms – useful if your situation is a little outside the box, such as self-employment income or a non-warrantable condo.
Direct/online lenders
These lenders often move quickly and offer a streamlined digital process, which can be a good fit for straightforward, well-documented loans.
Portfolio lenders
Portfolio lenders keep loans in-house rather than selling them, giving them more flexibility for unique properties – like non-warrantable condos, which come up often in coastal markets.
Not sure which lender fits your situation? Call Dockside Realty at 850.225.9785 or email christine@docksiderealtyinc.com and we’ll connect you with a trusted local option.