The Best Mortgage Lenders in Sharon, OK
Compare verified mortgage lenders serving Sharon, Oklahoma. 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 Corporation is a top-rated lender renowned for its competitive rates, exceptional customer service, and comprehensive loan options. With over 28 years in the industry, they have a strong regional presence in Oklahoma, including service to rural areas like Sharon. They are highly praised for their reliability, fast closing times, and community-focused approach, making them a trusted choice for homebuyers.
Loan Types:
New American Funding
New American Funding
New American Funding is a highly-regarded mortgage lender known for its customer-centric approach and innovative lending solutions. Founded in 2003, they offer competitive rates and a wide array of loan products, with a strong track record of serving Oklahoma communities, including Sharon. Their dedication to personalized service and financial education has earned them high customer satisfaction ratings and a reputation for reliability.
Loan Types:
Movement Mortgage
Movement Mortgage
Movement Mortgage is a reputable lender celebrated for its efficient processing and strong customer support. With 16 years of experience, they provide diverse loan options and have a significant footprint in Oklahoma, ensuring accessibility for residents in Sharon and nearby regions. Their commitment to transparency and community engagement makes them a dependable option for mortgages, with consistently high reviews for service quality.
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Frequently Asked Questions
Common questions about mortgage lending in Sharon, OK
What are the current mortgage rates like in Sharon, OK, and are they different from the national average?
Mortgage rates in Sharon typically align closely with national averages, but local lenders may offer competitive rates due to the lower cost of living and property values in this rural area. It's always wise to compare offers from local community banks and credit unions in Woodward County, as they sometimes have special promotions or more personalized underwriting that can result in favorable terms.
Are there any down payment assistance programs specifically for homebuyers in Sharon or Woodward County?
Yes, the Oklahoma Housing Finance Agency (OHFA) offers several down payment assistance and first-time homebuyer programs that are available to eligible buyers in Sharon. These include grants and second mortgages with favorable terms. Additionally, some local lenders may have their own assistance programs or knowledge of county-specific initiatives aimed at promoting homeownership in rural communities.
How does the appraisal process work for a home in a small, rural town like Sharon, and are there challenges?
Appraising property in Sharon can be challenging due to fewer comparable home sales ("comps") in the immediate area. Appraisers often need to look at sales in nearby towns like Woodward or Shattuck, which may require adjustments. It's important to work with a lender experienced in rural Oklahoma properties to ensure the appraisal accurately reflects the home's value based on local market conditions.
What types of properties are most common for mortgages in Sharon, and does this affect loan options?
Mortgages in Sharon are most commonly used for single-family homes on larger lots, often with acreage, and manufactured homes placed on owned land. For traditional site-built homes, conventional, FHA, and USDA loans are all viable. For manufactured homes, specific programs like FHA Title II or VA loans for manufactured homes are crucial, and not all lenders offer them, so finding a lender familiar with these property types is key.
Is a USDA Rural Development loan a good option for buying a home in Sharon, Oklahoma?
Absolutely. Sharon is classified as a rural area by the USDA, making it eligible for USDA Rural Development loans, which offer 100% financing (no down payment) for qualified buyers with moderate incomes. This is one of the most advantageous programs for the area, as it directly supports homeownership in rural communities and is often more accessible here than in suburban or urban locations.
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 Oklahoma.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Sharon and get competitive rates on your home loan.