Sharon & Crescent United Credit Union Mortgage Rates, Fees & InfoSharon, MA
Tax ID: 04-2391206
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
Review & OverviewSharon & 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.
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|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.|
Origination Dollar Volume (All Markets)$178,495,000
Sharon & Crescent United Credit Union's average 30 year fixed mortgage rate was
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.
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%|
Their top states include:
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.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2021, Sharon & Crescent United Credit Union's most frequently originated type of loan was Conventional, with 767 originations.
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.
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|
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.
|Loan Rate||Originations||Total Value||Average Loan|
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.
2021 saw Sharon & Crescent United Credit Union place emphasis on $200k-400k loans with 310 originations, totaling $86,200,000 in origination value.
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
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.
Approval RatesTotal approvals of all applications
Sharon & Crescent United Credit Union has an average approval rate.
Pick RateApprovals leading to origination
Sharon & Crescent United Credit Union has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|