The Best Mortgage Lenders in Sharon, TN
Compare verified mortgage lenders serving Sharon, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Sharon
Featured Mortgage Lenders
First Horizon Bank Mortgage Services
First Horizon Bank
First Horizon Bank is one of Tennessee's largest and most established regional banks with deep roots across West Tennessee. They maintain a strong physical presence throughout the region and have specialized mortgage advisors familiar with rural and small-town markets like Sharon. Their comprehensive loan programs include USDA loans which are particularly valuable for rural areas, and they offer competitive rates with personalized service through local banking centers.
Loan Types:
Regions Mortgage
Regions Bank
Regions Bank has extensive coverage throughout Tennessee with multiple branches serving Weakley County and surrounding areas. Their mortgage division receives consistently high marks for customer service and streamlined application processes. They offer specialized programs for first-time homebuyers and have expertise in rural property financing, making them an excellent choice for Sharon residents seeking both competitive rates and local understanding.
Loan Types:
Churchill Mortgage
Churchill Mortgage Corporation
Churchill Mortgage is a Tennessee-based mortgage lender with an outstanding reputation statewide and national recognition. They specialize in personalized service and have extensive experience serving rural Tennessee communities. With some of the highest customer satisfaction ratings in the industry, they offer comprehensive guidance through the entire mortgage process and have particular expertise with USDA rural development loans that benefit Sharon area homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Sharon, TN
Are there any first-time homebuyer programs specifically for Sharon, TN, that can help with down payments?
While Sharon itself does not have a city-specific program, Tennessee Housing Development Agency (THDA) programs like the Great Choice Plus loan are widely used here. This program offers competitive interest rates and down payment assistance in the form of a second mortgage, which is particularly helpful given the more modest incomes common in the area. A local lender familiar with THDA can guide you through the eligibility and application process.
How do property taxes in Weakley County affect my monthly mortgage payment in Sharon?
Weakley County has relatively low property tax rates compared to national averages, which is a benefit for Sharon homeowners. For a typical home in Sharon, annual property taxes often range from $600 to $1,200, which keeps the escrow portion of your mortgage payment manageable. It's wise to get an exact estimate during your home search, as rates can vary slightly.
What type of mortgage is most common for buying a home in Sharon's rural market?
Given the rural setting and generally lower home prices, conventional loans and USDA Rural Development loans are very popular in Sharon. USDA loans are especially relevant as most properties in and around Sharon qualify for their 0% down payment feature, making homeownership accessible for moderate-income buyers without substantial savings.
How does the appraisal process work for older or unique homes in Sharon?
Appraising older homes, common in Sharon's historic areas, requires an appraiser with local expertise in valuing properties with unique characteristics or on larger rural lots. It's important to work with a lender who uses appraisers familiar with Weakley County to ensure they use appropriate comparable sales and understand the value of land and outbuildings.
Are local community banks or credit unions in Sharon a good option for mortgages compared to big national banks?
Yes, local institutions like First State Bank of Sharon or credit unions serving Weakley County can be excellent choices. They often have deep knowledge of the local real estate market, may offer more personalized underwriting for unique properties, and can sometimes provide competitive rates and terms for residents with strong local banking relationships.
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 Tennessee.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Sharon and get competitive rates on your home loan.