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Buying a Home

Purchasing a home, especially your first, is an emotional and financial journey. That's why choosing a trusted local partner like Sharon Credit Union can make the difference. Our experienced staff will help you find the best financing option at the best rate possible. We know that every home and every buyer is unique, so let us get to know your story. We'll be with you every step of the way until you find that perfect home and for all the years you enjoy it.

Sharon Credit Union offers first mortgages on 1-4 family, owner-occupied properties, condominiums, and vacation homes located within Massachusetts or Rhode Island. 

First-Time Home Buyer Credit

To assist first-time buyers or those who have not owned property for three years realize their dream of owning a home, Sharon Credit Union offers a $500 discount towards closing costs on our Fixed Rate and Adjustable Rate Mortgages. The $500 credit is not available on our No Points/No Closing Costs mortgages.

Fixed Rate Mortgages

Features & Benefits:

Adjustable Rate Mortgages (ARM)

Features & Benefits:

No Points, No Closing Costs

This option lowers the amount of your funds required at closing. Costs that you will save on under this program include: credit report, appraisal, flood certificate, tax service, lender’s title insurance, most recording and legal fees associated with the closing.

You will be responsible for certain closing costs, if applicable, such as prepaid interest, initial deposits for escrow, private mortgage insurance, trust review, owner’s title insurance, power of attorney, discharge fees (if greater than 1), subordination and homestead fees. An upfront credit and appraisal fee is required and will be credited at the closing. If an application is denied or withdrawn, the fees are not refundable. A minimum loan amount of $150,000 is required.

Mortgage Pre-Qualification

A mortgage pre-qualification is the first step in the mortgage process. It is not an approval or guarantee of credit. Our mortgage pre-qualification calculator provides you with an approximate mortgage amount you may qualify for based on the information you provide (but not verified).

If you would like to receive a mortgage pre-qualification letter from Sharon Credit Union, simply click on the button below, complete and print the calculator information and email it to: mbrservice@sharoncu.com with your contact information. You can also stop in at one of our branch locations for assistance or reach out to our member service call center at 781-784-7725 or toll free at 1-877-661-3300.

Mortgage Pre-Qualification

 

Smart Start Pre-Approval

Be prepared and get a pre-approved mortgage before looking for your home. It is a full mortgage application leading to a commitment, subject to property appraisal and other requirements once you find the right property. You will have greater confidence and negotiating power with this pre-approval letter in hand.

Features & Benefits:

  • Available for all our first mortgage products
  • Down payment options starting as low as 5%
  • Greater negotiating power
  • Reduces processing time when a property is chosen
  • $200 processing fee is credited towards the closing costs when you finance with Sharon Credit Union.

For more information please contact our Mortgage Consultants or call our member service call center at 781-784-7725 or toll free at 1-877-661-3300. Apply online to get your application started.

 

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