The Best Mortgage Lenders in Sharon, ND
Compare verified mortgage lenders serving Sharon, North Dakota. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Sharon
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender with a strong local presence in North Dakota, serving Sharon and surrounding areas. Known for exceptional customer service, competitive rates, and a wide range of loan options, they have built a reputation for personalized guidance and efficient processing. Their long-standing experience and high customer satisfaction scores make them a reliable choice for homebuyers in the region.
Loan Types:
Movement Mortgage
Movement Mortgage
Movement Mortgage is highly regarded for its streamlined online processes and dedicated local loan officers serving Sharon and nearby communities. They offer competitive rates, flexible loan programs, and a commitment to community involvement, resulting in strong customer reviews for responsiveness and support throughout the mortgage journey.
Loan Types:
Guaranteed Rate
Guaranteed Rate
Guaranteed Rate combines innovative technology with local expertise to serve Sharon and the broader North Dakota area. They are praised for competitive pricing, a wide array of loan options, and efficient service, backed by numerous positive reviews highlighting their professionalism and ease of use for both purchase and refinance transactions.
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Frequently Asked Questions
Common questions about mortgage lending in Sharon, ND
Are there any special mortgage programs for first-time homebuyers in Sharon, ND?
Yes, the North Dakota Housing Finance Agency (NDHFA) offers several programs, like the FirstHome program with competitive interest rates and down payment assistance, which are accessible to Sharon residents. These programs are particularly valuable in Sharon's market, where they can help bridge the gap for buyers with moderate incomes looking at the area's more affordable housing stock.
How do property taxes in Steele County affect my monthly mortgage payment in Sharon?
Steele County, which includes Sharon, has relatively low property tax rates compared to national averages, which helps keep escrow payments manageable. Your lender will estimate these taxes for your escrow account based on the assessed value of the Sharon property, and it's wise to verify the exact rate with the Steele County Treasurer's Office for accurate budgeting.
What is the typical down payment needed for a home in Sharon's real estate market?
While 20% down is standard to avoid private mortgage insurance (PMI), many lenders in the region offer conventional loans with as little as 3-5% down, especially given Sharon's lower median home prices. For the area's more affordable homes, local agricultural or community banks may also have flexible portfolio loan options with favorable terms for qualified buyers.
Are USDA rural development home loans available for properties in Sharon, ND?
Absolutely. Sharon is classified as a rural area by the USDA, making 100% financing through a USDA Section 502 Guaranteed Loan a viable option for eligible low-to-moderate income borrowers. This is a popular program in the area, as it requires no down payment for qualifying homes and borrowers, which is ideal for the town's setting.
How does Sharon's location and economy impact mortgage lending and appraisals?
Sharon's stable, agriculture-based economy and small population mean appraisals rely heavily on comparable sales from Sharon itself and nearby towns like Hope or Finley, which can sometimes limit comps. Lenders familiar with the region understand this dynamic and will work with appraisers who have local knowledge to ensure a fair valuation based on the unique, rural property market.
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 North Dakota.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Sharon and get competitive rates on your home loan.