Sharon & Crescent United Credit Union Mortgage Rates, Fees & Info
Sharon, MALEI: 549300E2EE7WCBVR5I65
Tax ID: 04-2391206
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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.
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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
767Origination Dollar Volume (All Markets)
$178,495,000Relative 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% |
Their top states include:
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.
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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
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
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
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
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
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
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.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.34%
Sharon & Crescent United Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination84.75%
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 |