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

Sharon, MA

LEI: 549300E2EE7WCBVR5I65

Tax ID: 04-2391206

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 Home Purchase loans. Sharon & Crescent United Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Providence, Barnstable Town, and Worcester 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 average approval rate when compared to the average across all lenders. They have an 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 6.33% 4/18/24
    30 Year Conventional Refi 6.12% 4/18/24
    30 Year Cash-out Refi 6.34% 4/18/24
    15 Year Conventional Purchase 5.62% 4/18/24
    15 Year Conventional Refi 5.43% 4/18/24
    15 Year Cash-out Refi 5.43% 4/18/24
    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

    276

    Origination Dollar Volume (All Markets)

    $42,200,000
    Show all (5) awards

    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) 156 $23,240,000 $148,974 $1,075 4.47%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 104 $13,000,000 $125,000 $956 4.41%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 9 $3,125,000 $347,222 $2,982 4.32%
    Outside of Metro Areas 1 $1,955,000 $1,955,000 $0 5.50%
    WORCESTER, MA-CT (FHA|USDA|VA) 6 $880,000 $146,667 $1,289 4.38%
    Sharon & Crescent United Credit Union's top markets include Boston, Providence, Barnstable Town, 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.

    Westport Federal Credit Union
    Similarity Rank: 23
    Notre Dame Community Federal Credit Union
    Similarity Rank: 38
    PAWTUCKET
    Similarity Rank: 60
    Bank of Easton
    Similarity Rank: 66
    Charter Oak Federal Credit Union
    Similarity Rank: 66
    SOMERSET
    Similarity Rank: 99
    MERRIMACK VALLEY
    Similarity Rank: 110
    Middlesex Federal Savings, F.A.
    Similarity Rank: 111
    Triangle Credit Union
    Similarity Rank: 147
    First Ipswich Bank
    Similarity Rank: 164

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 276 $42,200,000 $152,899 $1,098 4.45%

    For 2018, Sharon & Crescent United Credit Union's most frequently originated type of loan was Conventional, with 276 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 84 $3,840,000 $45,714 $107 4.66%
    Cash Out Refi 83 $16,025,000 $193,072 $1,411 4.27%
    Home Purchase 47 $16,805,000 $357,553 $3,174 4.46%
    Other 40 $2,260,000 $56,500 $179 4.58%
    Refi 22 $3,270,000 $148,636 $1,275 4.02%

    For 2018, Sharon & Crescent United Credit Union's most frequently cited loan purpose was Home Improvement, with 84 originations. The 2nd most popular reason was Cash Out Refi, with 83 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 81 $23,615,000 $291,543 $2,617 4.38%
    10 Year 73 $4,325,000 $59,247 $83 4.50%
    15 Year 47 $7,735,000 $164,574 $1,170 4.41%
    20 Year 34 $3,190,000 $93,824 $651 4.90%
    Other 22 $2,820,000 $128,182 $312 4.09%
    5 Year 19 $515,000 $27,105 $77 4.20%

    For 2018, Sharon & Crescent United Credit Union's most frequently cited loan duration was 30 Year, with 81 originations. The 2nd most popular length was 10 Year, with 73 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 213 $20,605,000 $96,737
    $1k-2k 39 $10,415,000 $267,051
    $2k-3k 15 $6,535,000 $435,667
    $3k-4k 2 $1,200,000 $600,000
    $4k-5k 1 $265,000 $265,000
    $5k+ 1 $385,000 $385,000

    Sharon & Crescent United Credit Union's average total fees were $2,617, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 213 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 171 $25,755,000 $150,614
    3-4% 75 $12,285,000 $163,800
    5-6% 27 $4,035,000 $149,444
    6-7% 2 $100,000 $50,000
    Over 8% 1 $25,000 $25,000

    During 2018, Sharon & Crescent United Credit Union's average interest rate for loans was 4.38%, while their most frequently originated rate bucket for loans was 4-5%, with 171 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 137 $5,885,000 $42,956 $108 4.55%
    $200k-400k 69 $18,675,000 $270,652 $2,373 4.34%
    $100k-200k 52 $7,570,000 $145,577 $1,018 4.36%
    $400k-600k 16 $7,400,000 $462,500 $4,245 4.29%
    $1MM+ 1 $1,955,000 $1,955,000 $0 5.50%
    $600k-1MM 1 $715,000 $715,000 $4,126 3.88%

    2018 saw Sharon & Crescent United Credit Union place emphasis on $100,000 or less loans with 137 originations, totaling $5,885,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 71 $9,595,000 $135,141 $969 4.43%
    $150k-250k 67 $12,315,000 $183,806 $1,315 4.31%
    $75k-100k 56 $7,140,000 $127,500 $982 4.46%
    $50k-75k 44 $4,930,000 $112,045 $998 4.49%
    $250k+ 20 $4,450,000 $222,500 $1,853 4.40%
    $50k or less 10 $560,000 $56,000 $317 4.75%

    Sharon & Crescent United Credit Union lent most frequently to those with incomes in the $100k-150k range, with 71 originations. The second most popular income band? $150k-250k, with 67 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 74 $9,550,000 $129,054 $1,056 4.36%
    30-36% 52 $6,710,000 $129,038 $943 4.51%
    <20% 25 $5,085,000 $203,400 $1,661 4.18%
    40% 15 $2,745,000 $183,000 $1,627 4.27%
    41% 14 $2,380,000 $170,000 $1,311 4.70%
    36% 12 $1,600,000 $133,333 $880 4.43%
    42% 11 $1,625,000 $147,727 $946 4.31%
    38% 11 $1,625,000 $147,727 $1,048 4.34%
    39% 11 $2,195,000 $199,545 $1,633 4.32%
    43% 10 $1,850,000 $185,000 $1,192 4.36%
    44% 6 $940,000 $156,667 $1,061 4.67%
    37% 6 $1,150,000 $191,667 $1,417 4.77%
    48% 5 $495,000 $99,000 $429 4.68%
    46% 5 $505,000 $101,000 $801 4.63%
    50-60% 4 $170,000 $42,500 $43 4.88%
    47% 3 $155,000 $51,667 $233 4.79%
    45% 3 $145,000 $48,333 $167 4.71%
    49% 3 $335,000 $111,667 $485 4.13%
    >60% 1 $145,000 $145,000 $40 4.75%

    Sharon & Crescent United Credit Union lent most frequently to those with DTI ratios of 20-30%, with 74 originations. The next most common DTI ratio? 30-36%, with 52 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 236 $34,500,000 $146,186 $1,103 4.42%
    Not provided 22 $3,110,000 $141,364 $1,096 4.41%
    Not applicable 5 $2,795,000 $559,000 $0 5.55%
    Asian 7 $1,105,000 $157,857 $1,115 4.38%
    Black 4 $550,000 $137,500 $1,372 4.84%
    Asian Indian 1 $115,000 $115,000 $0 4.25%
    Korean 1 $25,000 $25,000 $0 4.50%

    Approval Rates

    Total approvals of all applications
    85.19%

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

    Pick Rate

    Approvals leading to origination
    92.03%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 276 $42,200,000 $152,899

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $665,000 $221,667
    Single Family (1-4 Units):Site-Built 273 $41,535,000 $152,143

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 45 $6,045,000 $134,333 $791 4.32%
    40-60% 34 $7,570,000 $222,647 $1,657 4.35%
    60-80% 49 $16,305,000 $332,755 $2,730 4.28%
    80-100% 22 $7,090,000 $322,273 $3,178 4.44%
    Under 20% 124 $5,150,000 $41,532 $104 4.58%