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 Home Purchase and Cash Out Refi loans. Sharonview Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Charlotte, Greenville, Shelby, Spartanburg, and Florence among others. We have data for 73 markets. (Some data included below & more in-depth data is available with an active subscription.)Sharonview Federal Credit Union has a below 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% | 4/28/24 |
| 30 Year Conventional Purchase | 6.55% | 4/28/24 |
| 30 Year Conventional Refi | 6.53% | 4/28/24 |
| 30 Year Cash-out Refi | 6.80% | 4/28/24 |
| 15 Year Conventional Purchase | 7.25% | 4/28/24 |
| 15 Year Conventional Refi | 6.08% | 4/28/24 |
| 15 Year Cash-out Refi | 6.08% | 4/28/24 |
| 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
1,389Origination Dollar Volume (All Markets)
$220,795,000Awards
SHARONVIEW FEDERAL CREDIT UNION - 2022
SHARONVIEW FEDERAL CREDIT UNION is a 2022 , due to their low .
For 2022, 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) | 656 | $109,430,000 | $166,814 | $3,381 | 4.93% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 172 | $21,040,000 | $122,326 | $3,222 | 4.95% |
| Shelby, NC (FHA|USDA|VA) | 82 | $8,350,000 | $101,829 | $3,256 | 5.09% |
| SPARTANBURG, SC (FHA|USDA|VA) | 63 | $8,155,000 | $129,444 | $3,549 | 4.92% |
| FLORENCE, SC (FHA|USDA|VA) | 50 | $7,900,000 | $158,000 | $4,340 | 4.71% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 29 | $6,545,000 | $225,690 | $5,497 | 5.13% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 26 | $5,600,000 | $215,385 | $4,355 | 4.64% |
| Outside of Metro Areas | 39 | $5,565,000 | $142,692 | $3,976 | 4.64% |
| WILMINGTON, NC (FHA|USDA|VA) | 29 | $4,485,000 | $154,655 | $4,436 | 4.82% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 17 | $4,065,000 | $239,118 | $4,235 | 4.18% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 28 | $3,690,000 | $131,786 | $4,381 | 5.63% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 28 | $3,260,000 | $116,429 | $3,266 | 5.01% |
| COLUMBIA, SC (FHA|USDA|VA) | 14 | $2,540,000 | $181,429 | $3,342 | 4.68% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 11 | $2,285,000 | $207,727 | $3,404 | 4.36% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 12 | $2,140,000 | $178,333 | $3,284 | 4.99% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 10 | $2,110,000 | $211,000 | $3,760 | 4.74% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $1,480,000 | $740,000 | $6,587 | 3.25% |
| Albemarle, NC (FHA|USDA|VA) | 9 | $1,315,000 | $146,111 | $3,460 | 5.13% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $1,285,000 | $1,285,000 | $6,076 | 4.25% |
| Lumberton, NC (FHA|USDA|VA) | 10 | $1,190,000 | $119,000 | $3,046 | 4.99% |
| ASHEVILLE, NC (FHA|USDA|VA) | 5 | $1,135,000 | $227,000 | $4,726 | 4.17% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 9 | $1,075,000 | $119,444 | $4,052 | 5.33% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $965,000 | $965,000 | $7,444 | 4.00% |
| Brevard, NC (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $7,472 | 5.21% |
| Gaffney, SC (FHA|USDA|VA) | 9 | $875,000 | $97,222 | $1,810 | 5.36% |
| Seneca, SC (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $6,010 | 5.00% |
| Boone, NC (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $4,490 | 2.99% |
| Morehead City, NC (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $2,998 | 3.75% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $9,705 | 5.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $1,295 | 5.19% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $4,354 | 6.62% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $3,376 | 4.75% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $6,314 | 5.75% |
| Union, SC (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $4,800 | 6.42% |
| Forest City, NC (FHA|USDA|VA) | 5 | $425,000 | $85,000 | $0 | 4.70% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $3,723 | 4.58% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $4,434 | 4.81% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $1,880 | 6.13% |
| Sanford, NC (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,859 | 3.81% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $12,312 | 4.38% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,097 | 4.31% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $0 | 6.17% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,604 | 5.75% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,738 | 4.88% |
| Heber, UT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,609 | 3.63% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,224 | 4.69% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $1,920 | 2.13% |
| North Wilkesboro, NC (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,653 | 3.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $4,051 | 5.29% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,401 | 6.13% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $2,818 | 4.75% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,875 | 2.88% |
| WHEELING, WV-OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,106 | 4.25% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,023 | 3.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,662 | 4.75% |
| Bennettsville, SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,068 | 4.88% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,386 | 4.88% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,483 | 5.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,295 | 3.50% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $1,878 | 5.75% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.75% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,406 | 4.13% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,295 | 2.13% |
| Thomasville, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,098 | 4.38% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,920 | 3.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.75% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.75% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.75% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.50% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.50% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 3.50% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against SHARONVIEW FEDERAL 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 |
|---|---|---|---|---|---|
| HELOC | 795 | $70,545,000 | $88,736 | n/a | 5.52% |
| Conventional | 594 | $150,250,000 | $252,946 | $3,642 | 4.11% |
For 2022, Sharonview Federal Credit Union's most frequently originated type of loan was HELOC, with 795 originations. Their 2nd most popular type was Conventional, with 594 originations.
Loan Reason
For 2022, Sharonview Federal Credit Union's most frequently cited loan purpose was Other, with 406 originations. The 2nd most popular reason was Home Improvement, with 314 originations.
Loan Duration/Length
For 2022, Sharonview Federal Credit Union's most frequently cited loan duration was 30 Year, with 1,138 originations. The 2nd most popular length was 20 Year, with 124 originations.
Origination Fees/Closing Costs
Sharonview Federal Credit Union's average total fees were $3,820, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 302 originations.
Interest Rates
During 2022, Sharonview Federal Credit Union's average interest rate for loans was 5.15%, while their most frequently originated rate bucket for loans was 3-4%, with 355 originations.
Loan Sizing
2022 saw Sharonview Federal Credit Union place emphasis on $100,000 or less loans with 622 originations, totaling $36,290,000 in origination value.
Applicant Income
Sharonview Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 318 originations. The second most popular income band? $50k-75k, with 284 originations.
Applicant Debt to Income Ratio
Sharonview Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 266 originations. The next most common DTI ratio? 30-36%, with 252 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications67.44%
Sharonview Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination69.91%
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 | 1,389 | $220,795,000 | $158,960 |