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

Sharon, MA

LEI: 549300E2EE7WCBVR5I65

Tax ID: 04-2391206

5 stars - Updated: 4/5/25 - out of 5 stars, based on 17 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • 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 Home Purchase and Refi loans. Sharon & Crescent United Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Providence, Barnstable Town, Vineyard Haven, and Worcester among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Sharon & Crescent United Credit Union has an 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 6.51% 4/5/25
    30 Year Conventional Refi 6.51% 4/5/25
    30 Year Cash-out Refi 6.31% 4/5/25
    15 Year Conventional Purchase 6.25% 4/5/25
    15 Year Conventional Refi 6.80% 4/5/25
    15 Year Cash-out Refi 6.80% 4/5/25
    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.

    Sharon & Crescent United Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Sharon & Crescent United Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    293

    Origination Dollar Volume (All Markets)

    $76,185,000

    Awards

    Sharon & Crescent United Credit Union 30 Year Conventional Loans gold Sharon & Crescent United Credit Union 30 Year Conventional Loans bronze Sharon & Crescent United Credit Union 30 Year Conventional Loans silver Sharon & Crescent United Credit Union 30 Year Conventional Loans gold
    Show all (4) awards

    Relative Rate

    Sharon & Crescent United Credit Union's average 30 year fixed mortgage rate was 6.2%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.35%.

    Relative Fees (Closing Costs)

    Sharon & Crescent United Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,446.

    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 $8,356.

    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) 173 $52,425,000 $303,035 $1,014 6.94%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 109 $19,545,000 $179,312 $396 7.08%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 5 $1,775,000 $355,000 $2,344 6.35%
    Outside of Metro Areas 1 $1,175,000 $1,175,000 $4,593 6.00%
    Vineyard Haven, MA (FHA|USDA|VA) 1 $805,000 $805,000 $3,824 5.75%
    WORCESTER, MA-CT (FHA|USDA|VA) 3 $425,000 $141,667 $0 6.83%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.75%
    Sharon & Crescent United Credit Union's top markets include Boston, Providence, Barnstable Town, Vineyard Haven, and Worcester 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.

    OCEAN STATE CREDIT UNION
    Similarity Rank: 63
    SOMERSET
    Similarity Rank: 72
    Piscataqua Savings Bank
    Similarity Rank: 100
    FALL RIVER MUNICIPAL CREDIT UNION
    Similarity Rank: 108
    Southern Mass Credit Union
    Similarity Rank: 112
    Centreville Bank
    Similarity Rank: 120
    St. Mary's Credit Union
    Similarity Rank: 220
    The Washington Trust Company, of Westerly
    Similarity Rank: 240
    Sharon & Crescent United Credit Union
    Similarity Rank: 245
    UniBank for Savings
    Similarity Rank: 300

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 293 $76,185,000 $260,017 $827 6.98%

    For 2024, Sharon & Crescent United Credit Union's most frequently originated type of loan was Conventional, with 293 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 100 $7,310,000 $73,100 $95 7.05%
    Home Purchase 63 $34,245,000 $543,571 $3,082 6.48%
    Other 57 $3,875,000 $67,982 $102 7.42%
    Cash Out Refi 49 $12,915,000 $263,571 $654 7.13%
    Refi 24 $17,840,000 $743,333 $1,581 6.63%

    For 2024, Sharon & Crescent United Credit Union's most frequently cited loan purpose was Home Improvement, with 100 originations. The 2nd most popular reason was Home Purchase, with 63 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 71 $4,885,000 $68,803 $77 7.03%
    30 Year 66 $39,450,000 $597,727 $3,446 6.20%
    15 Year 52 $18,100,000 $348,077 $163 7.03%
    Other 51 $9,285,000 $182,059 $143 7.53%
    20 Year 36 $3,680,000 $102,222 $168 7.58%
    5 Year 16 $750,000 $46,875 $55 6.66%
    3 Year 1 $35,000 $35,000 $0 6.50%

    For 2024, Sharon & Crescent United Credit Union's most frequently cited loan duration was 10 Year, with 71 originations. The 2nd most popular length was 30 Year, with 66 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 264 $53,640,000 $203,182

    Sharon & Crescent United Credit Union's average total fees were $3,446, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 264 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 165 $53,445,000 $323,909
    7-8% 88 $9,600,000 $109,091
    Over 8% 20 $1,650,000 $82,500
    5-6% 16 $11,230,000 $701,875
    <2.5% 3 $145,000 $48,333
    4-5% 1 $115,000 $115,000

    During 2024, Sharon & Crescent United Credit Union's average interest rate for loans was 6.20%, while their most frequently originated rate bucket for loans was 6-7%, with 165 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 144 $7,340,000 $50,972 $95 7.14%
    $100k-200k 49 $6,275,000 $128,061 $225 7.40%
    $200k-400k 43 $11,305,000 $262,907 $1,086 6.77%
    $600k-1MM 25 $18,415,000 $736,600 $4,030 6.37%
    $400k-600k 20 $9,880,000 $494,000 $2,861 6.36%
    $1MM+ 12 $22,970,000 $1,914,167 $5,238 6.33%

    2024 saw Sharon & Crescent United Credit Union place emphasis on $100,000 or less loans with 144 originations, totaling $7,340,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 90 $19,230,000 $213,667 $842 6.92%
    $100k-150k 79 $10,305,000 $130,443 $470 7.13%
    $250k+ 44 $23,640,000 $537,273 $2,262 6.64%
    $75k-100k 38 $4,220,000 $111,053 $413 7.35%
    $50k-75k 24 $1,540,000 $64,167 $125 7.14%
    $50k or less 9 $1,755,000 $195,000 $14 6.03%

    Sharon & Crescent United Credit Union lent most frequently to those with incomes in the $150k-250k range, with 90 originations. The second most popular income band? $100k-150k, with 79 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 65 $11,515,000 $177,154 $651 6.95%
    30-36% 46 $10,090,000 $219,348 $1,125 6.75%
    43% 19 $1,895,000 $99,737 $150 7.32%
    41% 17 $3,395,000 $199,706 $1,011 7.06%
    42% 16 $2,670,000 $166,875 $368 7.36%
    44% 13 $3,855,000 $296,538 $1,463 6.84%
    40% 13 $1,225,000 $94,231 $338 7.48%
    45% 11 $3,465,000 $315,000 $1,469 7.11%
    <20% 10 $1,670,000 $167,000 $407 6.86%
    37% 10 $1,260,000 $126,000 $460 7.23%
    38% 10 $1,000,000 $100,000 $392 6.04%
    47% 9 $3,485,000 $387,222 $1,750 6.90%
    46% 9 $3,735,000 $415,000 $1,067 7.54%
    48% 8 $1,600,000 $200,000 $763 6.98%
    39% 8 $4,400,000 $550,000 $2,065 6.83%
    36% 8 $1,590,000 $198,750 $631 6.95%
    49% 7 $2,715,000 $387,857 $1,324 7.04%
    50-60% 2 $50,000 $25,000 $0 7.00%
    >60% 1 $1,055,000 $1,055,000 $0 6.75%

    Sharon & Crescent United Credit Union lent most frequently to those with DTI ratios of 20-30%, with 65 originations. The next most common DTI ratio? 30-36%, with 46 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 219 $48,155,000 $219,886 $649 7.00%
    Not provided 22 $10,510,000 $477,727 $1,218 6.99%
    Asian 13 $7,955,000 $611,923 $3,253 6.40%
    Asian Indian 9 $4,935,000 $548,333 $2,995 6.36%
    Black 26 $3,820,000 $146,923 $585 7.32%
    Not applicable 1 $635,000 $635,000 $0 6.75%
    Other Asian 1 $105,000 $105,000 $0 7.00%
    Filipino 1 $55,000 $55,000 $0 6.50%
    American Indian 1 $15,000 $15,000 $0 6.50%

    Approval Rates

    Total approvals of all applications
    84.97%

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

    Pick Rate

    Approvals leading to origination
    79.52%

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

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 2 $420,000 $210,000
    NA 291 $75,765,000 $260,361

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    293 $76,185,000 $260,017

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 58 $11,180,000 $192,759 $687 7.25%
    40-60% 19 $6,755,000 $355,526 $1,703 6.54%
    60-80% 42 $33,320,000 $793,333 $3,305 6.57%
    80-100% 16 $10,930,000 $683,125 $3,758 6.30%
    Under 20% 153 $8,985,000 $58,725 $86 7.13%