I have found in Arizona, it is much better to use a local lender. They can move faster and provide more personalized service. I have also used local lenders on my personal transactions and I had good experiences with all of them.or example, most big banks want a 45 day closing period, whereas a local lender can usually have a file ready to close within 21-30 days. Those terms, in your offer to purchase, may be the difference between your offer being accepted over someone else's.