Sharon & Crescent United Credit Union Mortgage Rates, Fees & Info

Sharon, MA

LEI: 549300E2EE7WCBVR5I65

Tax ID: 04-2391206

5 stars - out of 5 stars, based on 28 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Sharon & Crescent United Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Sharon & Crescent United Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Providence, Worcester, Barnstable Town, and Vineyard Haven among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Sharon & Crescent United Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Sharon & Crescent United Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.29% 3/20/23
    30 Year Conventional Refi 6.22% 3/20/23
    30 Year Cash-out Refi 6.18% 3/20/23
    15 Year Conventional Purchase 5.68% 3/20/23
    15 Year Conventional Refi 5.84% 3/20/23
    15 Year Cash-out Refi 5.84% 3/20/23
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    767

    Origination Dollar Volume (All Markets)

    $178,495,000
    Show all (6) awards

    Relative Rate

    Sharon & Crescent United Credit Union's average 30 year fixed mortgage rate was 2.9%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.25%.

    Relative Fees (Closing Costs)

    Sharon & Crescent United Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $2,088.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 473 $114,965,000 $243,055 $1,212 2.93%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 262 $55,690,000 $212,557 $1,205 2.99%
    WORCESTER, MA-CT (FHA|USDA|VA) 17 $3,165,000 $186,176 $1,336 3.30%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 14 $2,810,000 $200,714 $1,496 2.91%
    Vineyard Haven, MA (FHA|USDA|VA) 1 $1,865,000 $1,865,000 $5,281 2.75%
    Sharon & Crescent United Credit Union's top markets include Boston, Providence, Worcester, Barnstable Town, and Vineyard Haven among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Sharon & Crescent United Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SOMERSET
    Similarity Rank: 87
    Homestar Mortgage, Inc.
    Similarity Rank: 156
    FALL RIVER MUNICIPAL CREDIT UNION
    Similarity Rank: 396
    OCEAN STATE CREDIT UNION
    Similarity Rank: 405
    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 474
    Rhode Island Credit Union
    Similarity Rank: 524
    Sharon & Crescent United Credit Union
    Similarity Rank: 540
    WAVE FEDERAL CREDIT UNION
    Similarity Rank: 596
    WESTERLY COMMUNITY
    Similarity Rank: 618
    Middlesex Savings Bank
    Similarity Rank: 672

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 767 $178,495,000 $232,718 $1,223 2.96%

    For 2021, Sharon & Crescent United Credit Union's most frequently originated type of loan was Conventional, with 767 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 428 $116,670,000 $272,593 $1,393 2.81%
    Refi 175 $38,265,000 $218,657 $1,343 2.76%
    Home Improvement 91 $4,955,000 $54,451 $204 3.68%
    Home Purchase 37 $16,045,000 $433,649 $2,345 3.18%
    Other 36 $2,560,000 $71,111 $236 3.66%

    For 2021, Sharon & Crescent United Credit Union's most frequently cited loan purpose was Cash Out Refi, with 428 originations. The 2nd most popular reason was Refi, with 175 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 296 $97,350,000 $328,885 $2,088 2.90%
    Other 155 $27,005,000 $174,226 $188 2.73%
    15 Year 105 $25,215,000 $240,143 $1,502 2.96%
    20 Year 100 $20,720,000 $207,200 $1,248 3.17%
    10 Year 80 $6,810,000 $85,125 $107 3.22%
    5 Year 30 $1,330,000 $44,333 $60 3.28%
    3 Year 1 $65,000 $65,000 $40 2.75%

    For 2021, Sharon & Crescent United Credit Union's most frequently cited loan duration was 30 Year, with 296 originations. The 2nd most popular length was Other, with 155 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 748 $169,260,000 $226,283
    $1k-2k 3 $405,000 $135,000
    $2k-3k 2 $500,000 $250,000
    $3k-4k 1 $325,000 $325,000
    $4k-5k 1 $405,000 $405,000

    Sharon & Crescent United Credit Union's average total fees were $2,088, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 748 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 258 $62,410,000 $241,899
    2.5-3% 257 $71,285,000 $277,374
    3-4% 237 $43,975,000 $185,549
    4-5% 11 $625,000 $56,818
    5-6% 2 $130,000 $65,000
    6-7% 2 $70,000 $35,000

    During 2021, Sharon & Crescent United Credit Union's average interest rate for loans was 2.90%, while their most frequently originated rate bucket for loans was <2.5%, with 258 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 310 $86,200,000 $278,065 $1,697 2.83%
    $100k-200k 195 $29,825,000 $152,949 $828 2.83%
    $100,000 or less 167 $7,875,000 $47,156 $129 3.41%
    $400k-600k 74 $35,640,000 $481,622 $2,322 2.81%
    $600k-1MM 14 $10,330,000 $737,857 $3,022 2.66%
    $1MM+ 7 $8,625,000 $1,232,143 $4,775 3.25%

    2021 saw Sharon & Crescent United Credit Union place emphasis on $200k-400k loans with 310 originations, totaling $86,200,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 209 $55,185,000 $264,043 $1,233 2.93%
    $100k-150k 208 $45,910,000 $220,721 $1,234 2.93%
    $50k-75k 130 $20,410,000 $157,000 $1,138 2.99%
    $75k-100k 118 $22,130,000 $187,542 $1,129 3.02%
    $250k+ 60 $24,230,000 $403,833 $1,766 2.82%
    $50k or less 29 $2,835,000 $97,759 $834 3.08%

    Sharon & Crescent United Credit Union lent most frequently to those with incomes in the $150k-250k range, with 209 originations. The second most popular income band? $100k-150k, with 208 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 228 $55,660,000 $244,123 $1,256 2.86%
    30-36% 127 $28,815,000 $226,890 $1,290 2.99%
    <20% 92 $19,120,000 $207,826 $1,160 2.77%
    41% 34 $7,500,000 $220,588 $1,331 2.98%
    36% 30 $6,520,000 $217,333 $1,145 2.95%
    37% 29 $7,515,000 $259,138 $1,444 3.06%
    43% 26 $8,150,000 $313,462 $1,344 3.14%
    40% 24 $4,700,000 $195,833 $1,067 3.07%
    38% 23 $4,795,000 $208,478 $929 3.03%
    39% 21 $3,765,000 $179,286 $1,044 3.11%
    42% 20 $4,240,000 $212,000 $1,218 2.91%
    44% 20 $5,320,000 $266,000 $1,443 2.96%
    48% 18 $4,750,000 $263,889 $1,478 2.93%
    47% 17 $2,865,000 $168,529 $1,051 3.17%
    46% 14 $2,160,000 $154,286 $796 3.16%
    45% 14 $2,380,000 $170,000 $1,460 2.99%
    49% 12 $2,220,000 $185,000 $824 3.14%
    50-60% 5 $535,000 $107,000 $649 3.35%
    >60% 2 $90,000 $45,000 $0 2.88%

    Sharon & Crescent United Credit Union lent most frequently to those with DTI ratios of 20-30%, with 228 originations. The next most common DTI ratio? 30-36%, with 127 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 564 $125,660,000 $222,801 $1,195 2.95%
    Not provided 132 $29,430,000 $222,955 $1,242 2.91%
    Black 29 $7,365,000 $253,966 $1,464 3.06%
    Not applicable 9 $7,075,000 $786,111 $0 3.75%
    Asian 22 $5,440,000 $247,273 $1,288 2.95%
    Asian Indian 5 $1,625,000 $325,000 $1,795 2.78%
    American Indian 5 $1,295,000 $259,000 $1,382 2.85%
    Other Asian 1 $605,000 $605,000 $2,610 2.50%

    Approval Rates

    Total approvals of all applications
    94.34%

    Sharon & Crescent United Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.75%

    Sharon & Crescent United Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 767 $178,495,000 $232,718

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    767 $178,495,000 $232,718

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 152 $24,730,000 $162,697 $932 2.86%
    40-60% 223 $56,465,000 $253,206 $1,511 2.77%
    60-80% 197 $71,355,000 $362,208 $1,742 2.83%
    80-100% 33 $14,255,000 $431,970 $2,503 3.03%
    Under 20% 158 $8,200,000 $51,899 $212 3.44%