The Best Mortgage Lenders in Sheridan, IN
Compare verified mortgage lenders serving Sheridan, Indiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Sheridan
Featured Mortgage Lenders
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a top-rated lender serving Sheridan and the broader Indianapolis metro area, known for its competitive rates and exceptional customer service. With over two decades of experience, they offer a wide range of loan products and have a strong local presence in Hamilton County. Their high rating and substantial review count reflect consistent customer satisfaction, quick loan processing, and personalized support for first-time homebuyers and refinancers alike.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a highly reputable national lender with a strong local office in Indianapolis, providing reliable mortgage services to Sheridan residents. They are praised for their digital tools, competitive rates, and efficient closing processes. With nearly 25 years in business, they have built a track record of transparency and customer care, earning high marks for their expertise in various loan types and commitment to making home financing accessible.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage stands out for its community-focused approach and fast loan approvals, serving Sheridan and surrounding areas from their Carmel office. Founded in 2008, they have grown into a trusted lender with an emphasis on customer satisfaction and local engagement. Their competitive rates, diverse loan options, and responsive service have garnered positive reviews, making them a preferred choice for homebuyers seeking a seamless mortgage experience in Central Indiana.
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Frequently Asked Questions
Common questions about mortgage lending in Sheridan, IN
What are the current mortgage rates like for homes in Sheridan, IN?
Mortgage rates in Sheridan typically align with national averages but can be influenced by local market conditions. As of late 2023, rates for a 30-year fixed mortgage in the area generally range from 6.5% to 7.5%, though this varies by lender and borrower qualifications. It's wise to compare rates from local Indiana lenders who understand Sheridan's specific market dynamics.
Are there any first-time homebuyer programs available specifically in Sheridan?
Yes, Sheridan homebuyers can access Indiana's statewide programs like the Indiana Housing and Community Development Authority's (IHCDA) Next Home program, which offers down payment assistance and competitive interest rates. Some local lenders may also offer special programs for first-time buyers in Hamilton and Boone counties, which can include Sheridan residents. These programs are particularly valuable given Sheridan's growing housing market.
How does Sheridan's location between Indianapolis and Lafayette affect mortgage lending?
Sheridan's proximity to both Indianapolis and Lafayette creates a unique lending environment where some lenders may consider employment in either metropolitan area when qualifying borrowers. This can be advantageous for commuters, as lenders may view stable employment in these larger job markets favorably. However, property valuations in Sheridan are based on local market conditions rather than nearby cities.
What types of properties are most common in Sheridan's mortgage market?
Sheridan's mortgage market primarily consists of single-family homes, with many properties featuring larger lots typical of small-town Indiana. You'll find a mix of historic homes in the downtown area and newer construction in developing subdivisions. Rural properties on the outskirts of town may require different loan considerations, particularly if they include additional acreage or agricultural features.
Are there any local property tax considerations I should know about when getting a mortgage in Sheridan?
Yes, Sheridan falls within Boone and Hamilton counties, both of which have property tax rates that can impact your overall mortgage payment. Boone County typically has slightly lower tax rates than Hamilton County, so the specific location of your property within Sheridan matters. Your lender should help you estimate these taxes accurately, as they significantly affect your total monthly payment calculation.
Why Choose a Mortgage Lender in Sheridan?
Local Market Knowledge
Lenders who understand Sheridan's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Indiana.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Sheridan and get competitive rates on your home loan.