The Best Mortgage Lenders in Sherman, TX
Compare verified mortgage lenders serving Sherman, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Sherman
Featured Mortgage Lenders
Texans Credit Union Mortgage Department
Texans Credit Union
Texans Credit Union stands out as one of North Texas' most respected mortgage lenders with a strong presence in Sherman and Grayson County. As a member-owned financial cooperative, they offer highly competitive rates and personalized service. Their mortgage team specializes in first-time homebuyer programs and offers comprehensive guidance through the entire process. With deep roots in the North Texas community since 1953, they understand local market conditions and provide exceptional customer service with numerous five-star reviews praising their responsiveness and competitive rates.
Loan Types:
Cornerstone Home Lending - Sherman Office
Cornerstone Home Lending Inc.
Cornerstone Home Lending maintains a physical office in Sherman and has built an outstanding reputation for mortgage lending throughout North Texas. As a direct lender with in-house underwriting, they offer faster closings and more personalized service. Their Sherman-based loan officers have extensive knowledge of the local real estate market and maintain strong relationships with local real estate agents. Customers consistently praise their transparent communication, competitive rates, and ability to handle complex loan scenarios. The company has received multiple industry awards for customer satisfaction and service excellence.
Loan Types:
Fairway Independent Mortgage - McKinney Office
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage consistently ranks among the top mortgage lenders in Texas with a strong presence serving the Sherman market from their nearby McKinney office. They are renowned for their competitive rates, innovative technology platform, and exceptional customer service. Their loan officers specialize in creating customized mortgage solutions and have extensive experience with various loan programs. Fairway has received numerous national awards and maintains an A+ BBB rating. Customers frequently mention their streamlined process, responsive communication, and ability to close loans quickly in their glowing reviews.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Sherman, TX
What are the current mortgage rates like in Sherman, TX, and how do they compare to the national average?
Mortgage rates in Sherman typically align closely with national averages, but local lenders may offer competitive rates due to the stable North Texas market. As of recent trends, rates in Sherman can be slightly more favorable than in larger metropolitan areas like Dallas-Fort Worth, but it's always wise to compare offers from multiple local credit unions, community banks, and national lenders.
Are there any down payment assistance programs specifically for Sherman homebuyers?
Yes, Sherman homebuyers can access the Texas Department of Housing and Community Affairs (TDHCA) programs like the My First Texas Home loan, which offers down payment assistance and competitive rates. Additionally, the Grayson County Housing Authority may offer local grants or counseling, and some lenders in Sherman have special programs for teachers, healthcare workers, or first responders serving the community.
How does the appraisal process work in Sherman given its mix of historic homes and new developments?
Appraisals in Sherman require appraisers familiar with the local nuances, such as the value of well-maintained historic homes in the Heritage District versus newer subdivisions in the west. They will compare similar properties in specific Sherman neighborhoods, considering factors like proximity to Austin College or Texoma Medical Center, which can influence value differently than in rural parts of Grayson County.
What should I know about property taxes when getting a mortgage in Sherman, TX?
Sherman has a Grayson County property tax rate that is competitive within North Texas but is a significant part of your monthly mortgage payment via escrow. It's crucial to factor this into your budget, as rates can vary slightly within the city limits versus the ETJ. Your lender will help estimate these, but you can also check the Grayson Central Appraisal District website for specific projections.
Are there any local mortgage lenders in Sherman that specialize in rural or agricultural properties on the outskirts of the city?
Absolutely. Several local community banks and credit unions in Sherman, such as Austin Bank or American National Bank, have expertise in financing properties that may include acreage in the surrounding areas of Grayson County. They understand USDA Rural Development loans, which can be applicable for eligible properties just outside Sherman city limits, offering 100% financing options.
Why Choose a Mortgage Lender in Sherman?
Local Market Knowledge
Lenders who understand Sherman'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 Texas.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Sherman and get competitive rates on your home loan.