The Best Mortgage Lenders in Sherard, MS
Compare verified mortgage lenders serving Sherard, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Sherard
Featured Mortgage Lenders
Mortgage Department
Trustmark National Bank
Trustmark National Bank is one of the most established financial institutions serving the Mississippi Delta region, including Sherard. With deep roots in Mississippi dating back over 130 years, Trustmark offers comprehensive mortgage services through their local Cleveland branch. They are particularly strong in USDA rural development loans, which are ideal for the Sherard area, and have extensive experience with first-time homebuyer programs. Their local loan officers understand the specific needs of Bolivar County residents and provide personalized service with competitive rates.
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Mortgage Team
Churchill Mortgage
Churchill Mortgage has built an exceptional reputation throughout the Mississippi Delta with their commitment to transparent lending practices and educational approach. Serving Sherard and surrounding communities from their Indianola location, they specialize in helping rural homebuyers navigate USDA loans and other government-backed programs. Their high customer satisfaction ratings stem from thorough communication throughout the loan process and competitive rate offerings. They are particularly noted for their expertise in helping agricultural and rural workers secure financing.
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Loan Officers
The Mortgage Company
The Mortgage Company has been serving the entire Mississippi Delta region for over two decades, with particular expertise in rural communities like Sherard. As an independent mortgage broker, they offer access to multiple lending sources and can often secure more competitive rates than single-source lenders. Their team has extensive experience with the unique property types and lending challenges in the Delta region. They are highly rated for their responsive customer service and ability to close loans efficiently, even in complex rural real estate situations.
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Frequently Asked Questions
Common questions about mortgage lending in Sherard, MS
What are the current average mortgage rates for homebuyers in Sherard, MS?
Mortgage rates in Sherard typically align with national averages but can be slightly lower due to Mississippi's affordable housing market. As of recent data, 30-year fixed rates hover around 6.5-7%, while 15-year fixed rates are approximately 5.75-6.25%. Local lenders like Planters Bank and Trust or regional credit unions often offer competitive rates specifically for Coahoma County residents.
Are there any first-time homebuyer programs specifically available in Sherard?
Yes, Sherard homebuyers can access the Mississippi Home Corporation's Mortgage Credit Certificate program, which provides a federal tax credit. Additionally, the MHC Down Payment Assistance program offers up to $6,000 in forgivable loans for qualifying buyers in Coahoma County. Local lenders can also guide you through USDA Rural Development loans, which are particularly relevant for Sherard's rural character.
How does Sherard's rural location affect my mortgage options?
Sherard's designation as a rural community makes many properties eligible for USDA loans, which require no down payment and offer competitive rates. This is particularly advantageous given the area's agricultural surroundings and lower population density. Many lenders in nearby Clarksdale have specific expertise with rural property financing in the Mississippi Delta region.
What special considerations should I know about when getting a mortgage for older homes in Sherard?
Many Sherard homes were built decades ago, so lenders may require additional inspections and potentially escrow for repairs. FHA 203(k) renovation loans can be particularly useful for updating these historic Delta properties. It's important to work with appraisers familiar with Coahoma County's older housing stock to ensure proper valuation.
Are there local property tax considerations that affect mortgage lending in Sherard?
Coahoma County property taxes are relatively low compared to national averages, which can improve your debt-to-income ratio qualification. However, properties in Sherard may be subject to additional drainage district assessments common in the Mississippi Delta. Your lender should help you account for these when calculating your total monthly housing payment.
Why Choose a Mortgage Lender in Sherard?
Local Market Knowledge
Lenders who understand Sherard'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 Sherard and get competitive rates on your home loan.