Do out of state lenders slow down 30A closings?

Not necessarily, but they can. The biggest factor is not where the lender is located. It is whether they understand the unique aspects of the 30A market, including vacation homes, luxury properties, flood insurance requirements, condos, and investment purchases.

Many out of state lenders close transactions smoothly when they have experience with coastal real estate. Problems typically arise when a lender is unfamiliar with the additional requirements that often come with 30A properties.

This is where Luke Andrews provides tremendous value. As a South Walton native and Director of New Development at Spears Group, Luke helps clients identify potential financing challenges early and connect with lenders who have a proven track record in our market. His local expertise helps keep transactions moving efficiently and reduces the risk of delays.

The bottom line is that an experienced lender from out of state can perform just as well as a local lender. What matters most is choosing a lender who understands the 30A market and working with a knowledgeable advisor like Luke Andrews to guide the process.