The Best Mortgage Lenders in Sharon, MS
Compare verified mortgage lenders serving Sharon, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Sharon
Featured Mortgage Lenders
Mortgage Department
Regions Bank
Regions Bank is one of the most established financial institutions serving the Mississippi Delta region, with a strong local presence just 15 miles from Sharon in Cleveland. With over 25 years of mortgage lending experience in the area, they offer comprehensive mortgage solutions including specialized USDA loans perfect for rural areas like Sharon. Their local branch network provides personalized service with the backing of a major regional bank, offering competitive rates and a streamlined digital mortgage process. Customers consistently praise their knowledgeable local loan officers and responsive customer service.
Loan Types:
Mortgage Lending Team
Renasant Bank
Renasant Bank has deep roots in Mississippi with over a century of service and two decades of specialized mortgage lending experience in the Delta region. Located in nearby Cleveland, they serve Sharon residents with a full range of mortgage products including construction loans ideal for the rural Sharon market. Their local loan officers have extensive knowledge of the Sharon area real estate market and provide personalized guidance through the entire mortgage process. Renasant receives high marks for their competitive rates, local decision-making authority, and commitment to community banking values.
Loan Types:
Mortgage Services
Trustmark National Bank
Trustmark National Bank brings over 130 years of Mississippi banking experience with a dedicated mortgage team serving the Sharon area for more than two decades. Their Cleveland location provides convenient access for Sharon residents seeking various mortgage options, including specialized first-time homebuyer programs. Trustmark is particularly noted for their expertise in rural property financing and USDA loans, making them an excellent choice for the Sharon community. Customers appreciate their transparent process, local underwriting, and the stability of working with a well-established Mississippi-based financial institution.
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Frequently Asked Questions
Common questions about mortgage lending in Sharon, MS
What are the current average mortgage rates for homebuyers in Sharon, MS?
Mortgage rates in Sharon typically align with national averages but can vary based on local lenders and property types. Currently, 30-year fixed rates in the area range from 6.5% to 7.2%, while FHA and VA loans often offer slightly lower rates. It's best to compare offers from local Sharon lenders like Planters Bank and Community Bank of Mississippi for the most competitive rates.
Are there any first-time homebuyer programs specifically available in Sharon?
Yes, Sharon homebuyers can access the Mississippi Home Corporation's Mortgage Credit Certificate program, which provides a federal tax credit. Additionally, local lenders often offer special first-time buyer programs with lower down payment requirements. The Mississippi Home Corporation also offers down payment assistance that can be combined with these programs for Sharon residents.
How does Sharon's rural location affect mortgage lending requirements?
Sharon's rural designation can work to your advantage through USDA Rural Development loans, which offer 100% financing with no down payment required. However, some conventional lenders may require additional documentation for property appraisals due to fewer comparable sales. The USDA eligibility makes Sharon an attractive location for buyers seeking zero-down payment options.
What special considerations should I know about when getting a mortgage for older homes in Sharon?
Many homes in Sharon have historic character, so lenders may require additional inspections and higher repair reserves for older properties. FHA 203(k) renovation loans are popular here for updating historic homes while including renovation costs in the mortgage. Be prepared for potentially stricter appraisal requirements when purchasing homes built before 1978 due to lead-based paint concerns.
How long does the mortgage approval process typically take in Sharon's real estate market?
The mortgage process in Sharon typically takes 30-45 days, though rural property appraisals can sometimes add extra time due to fewer local appraisers. Working with local Sharon lenders who understand the area can streamline the process. The timeline can be shorter for pre-approved buyers who have their documentation ready when making offers.
Why Choose a Mortgage Lender in Sharon?
Local Market Knowledge
Lenders who understand Sharon'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 Mississippi.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Sharon and get competitive rates on your home loan.