Sharonview Federal Credit Union Mortgage Rates, Fees & Info
Indian Land, SCLEI: 549300KRHOMDHAKS8L29
Tax ID: 56-6048692
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Mortgage Data
Review & Overview
Sharonview Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Home Purchase, and Refi loans. Sharonview Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Charlotte, Greenville, New York, Wilmington, and Spartanburg among others. We have data for 72 markets. (Some data included below & more in-depth data is available with an active subscription.)Sharonview Federal 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. Sharonview Federal 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.30% | 12/16/24 |
| 30 Year Conventional Purchase | 6.55% | 12/16/24 |
| 30 Year Conventional Refi | 6.53% | 12/16/24 |
| 30 Year Cash-out Refi | 6.80% | 12/16/24 |
| 15 Year Conventional Purchase | 7.25% | 12/16/24 |
| 15 Year Conventional Refi | 6.08% | 12/16/24 |
| 15 Year Cash-out Refi | 6.08% | 12/16/24 |
| 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. | ||
Sharonview Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,075Origination Dollar Volume (All Markets)
$221,985,000Awards
SHARONVIEW FEDERAL CREDIT UNION - 2019
SHARONVIEW FEDERAL CREDIT UNION is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 562 | $122,850,000 | $218,594 | $2,300 | 4.13% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 105 | $16,975,000 | $161,667 | $2,216 | 4.27% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 43 | $14,755,000 | $343,140 | $2,861 | 3.94% |
| WILMINGTON, NC (FHA|USDA|VA) | 30 | $7,330,000 | $244,333 | $2,690 | 3.93% |
| SPARTANBURG, SC (FHA|USDA|VA) | 46 | $6,220,000 | $135,217 | $2,079 | 4.14% |
| Shelby, NC (FHA|USDA|VA) | 37 | $4,485,000 | $121,216 | $1,968 | 4.13% |
| FLORENCE, SC (FHA|USDA|VA) | 25 | $3,665,000 | $146,600 | $2,521 | 3.99% |
| Outside of Metro Areas | 26 | $3,590,000 | $138,077 | $2,237 | 4.09% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 11 | $3,285,000 | $298,636 | $3,555 | 4.07% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 17 | $2,775,000 | $163,235 | $2,748 | 4.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 16 | $2,420,000 | $151,250 | $2,675 | 4.11% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 20 | $2,260,000 | $113,000 | $1,786 | 4.36% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $1,700,000 | $425,000 | $2,893 | 4.59% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 6 | $1,530,000 | $255,000 | $3,923 | 4.43% |
| Heber, UT (FHA|USDA|VA) | 1 | $1,435,000 | $1,435,000 | $5,116 | 3.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $1,380,000 | $690,000 | $4,170 | 4.06% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $3,504 | 4.03% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $1,180,000 | $590,000 | $4,316 | 2.63% |
| Lumberton, NC (FHA|USDA|VA) | 10 | $1,170,000 | $117,000 | $2,328 | 4.30% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 7 | $1,165,000 | $166,429 | $2,067 | 4.25% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $1,070,000 | $267,500 | $3,572 | 3.78% |
| Gaffney, SC (FHA|USDA|VA) | 9 | $1,015,000 | $112,778 | $1,823 | 3.82% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $7,324 | 3.38% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $4,332 | 4.04% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $3,184 | 4.71% |
| ASHEVILLE, NC (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $2,741 | 3.72% |
| Albemarle, NC (FHA|USDA|VA) | 6 | $750,000 | $125,000 | $1,922 | 4.54% |
| Cullowhee, NC (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $3,051 | 3.56% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $5,741 | 4.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $1,675 | 4.25% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $3,180 | 3.88% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $1,801 | 4.21% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $2,514 | 5.62% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $1,456 | 3.92% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $461 | 5.71% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $4,872 | 4.25% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $2,090 | 3.50% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $12,554 | 3.63% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $4,840 | 4.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $4,800 | 4.38% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $4,803 | 3.69% |
| Forest City, NC (FHA|USDA|VA) | 5 | $405,000 | $81,000 | $2,020 | 4.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,630 | 3.63% |
| North Wilkesboro, NC (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $3,418 | 3.94% |
| Seneca, SC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,352 | 4.25% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,904 | 3.63% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,936 | 4.13% |
| SUMTER, SC (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,344 | 3.31% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,381 | 3.88% |
| DALTON, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,449 | 3.75% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,528 | 4.50% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,063 | 3.88% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,993 | 3.13% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,295 | 3.50% |
| Wilson, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,295 | 3.75% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,295 | 3.75% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,295 | 4.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,360 | 4.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,175 | 4.00% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $754 | 3.88% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,893 | 3.63% |
| Greenwood, SC (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $1,402 | 3.93% |
| Brevard, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $536 | 5.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,132 | 5.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,404 | 3.88% |
| Kinston, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,903 | 3.63% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,343 | 4.13% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,945 | 3.63% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $685 | 4.00% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $715 | 3.63% |
| Laurinburg, NC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $202 | 7.74% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $182 | 5.49% |
Their top states include:
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,075 | $221,985,000 | $206,498 | $2,408 | 4.12% |
For 2019, Sharonview Federal Credit Union's most frequently originated type of loan was Conventional, with 1,075 originations.
Loan Reason
For 2019, Sharonview Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 387 originations. The 2nd most popular reason was Home Purchase, with 349 originations.
Loan Duration/Length
For 2019, Sharonview Federal Credit Union's most frequently cited loan duration was 30 Year, with 624 originations. The 2nd most popular length was 15 Year, with 258 originations.
Origination Fees/Closing Costs
Sharonview Federal Credit Union's average total fees were $2,950, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 550 originations.
Interest Rates
During 2019, Sharonview Federal Credit Union's average interest rate for loans was 4.21%, while their most frequently originated rate bucket for loans was 3-4%, with 566 originations.
Loan Sizing
2019 saw Sharonview Federal Credit Union place emphasis on $100k-200k loans with 390 originations, totaling $57,390,000 in origination value.
Applicant Income
Sharonview Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 251 originations. The second most popular income band? $50k-75k, with 239 originations.
Applicant Debt to Income Ratio
Sharonview Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 237 originations. The next most common DTI ratio? 30-36%, with 201 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.21%
Sharonview Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination64.09%
Sharonview Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,075 | $221,985,000 | $206,498 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 7 | $495,000 | $70,714 |
| Single Family (1-4 Units):Site-Built | 1,068 | $221,490,000 | $207,388 |