Shea Mortgage Rates, Fees & Info
Walnut, CALEI: 254900R9A6TW85BTVS20
Tax ID: 95-4523866
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Mortgage Data
Review & Overview
Shea Mortgage is a smaller mortgage company specializing in loans. Shea Mortgage has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Phoenix, Denver, San Diego, Salinas, and Houston among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)Shea Mortgage 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. Shea Mortgage 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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
30 Year Conventional Purchase | 6.49% | 3/28/23 |
30 Year FHA Purchase | 7.08% | 3/28/23 |
30 Year VA Purchase | 6.00% | 3/28/23 |
15 Year Conventional Purchase | 6.11% | 3/28/23 |
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
940Origination Dollar Volume (All Markets)
$447,550,000Relative Rate
Shea Mortgage's average 30 year fixed mortgage rate was
5.13%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.37%.
Relative Fees (Closing Costs)
Shea Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,471.
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 |
---|---|---|---|---|---|
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 256 | $110,140,000 | $430,234 | $3,846 | 5.09% |
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 147 | $82,115,000 | $558,605 | $3,659 | 4.89% |
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 90 | $56,530,000 | $628,111 | $7,297 | 4.95% |
SALINAS, CA (FHA|USDA|VA) | 34 | $22,610,000 | $665,000 | $4,507 | 5.23% |
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 50 | $20,200,000 | $404,000 | $4,650 | 5.31% |
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 33 | $19,175,000 | $581,061 | $4,946 | 4.86% |
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 49 | $18,785,000 | $383,367 | $5,200 | 5.02% |
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 24 | $16,130,000 | $672,083 | $7,184 | 4.70% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 40 | $15,620,000 | $390,500 | $4,563 | 5.05% |
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 37 | $12,405,000 | $335,270 | $3,418 | 5.16% |
STOCKTON, CA (FHA|USDA|VA) | 19 | $12,395,000 | $652,368 | $4,521 | 4.55% |
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 25 | $11,465,000 | $458,600 | $4,134 | 5.21% |
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 37 | $11,305,000 | $305,541 | $2,267 | 5.84% |
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 16 | $11,210,000 | $700,625 | $5,663 | 5.10% |
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 24 | $9,110,000 | $379,583 | $3,757 | 5.35% |
WINCHESTER, VA-WV (FHA|USDA|VA) | 17 | $7,055,000 | $415,000 | $1,962 | 4.22% |
OCALA, FL (FHA|USDA|VA) | 26 | $6,370,000 | $245,000 | $6,283 | 5.57% |
BOISE CITY, ID (FHA|USDA|VA) | 11 | $3,545,000 | $322,273 | $1,589 | 5.64% |
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $1,240,000 | $310,000 | $5,978 | 4.06% |
Stephenville, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $700 | 6.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Shea Mortgage based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 210
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Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 818 | $381,900,000 | $466,870 | $3,813 | 5.12% |
VA | 89 | $49,525,000 | $556,461 | $7,498 | 4.65% |
FHA | 33 | $16,125,000 | $488,636 | $11,238 | 4.90% |
For 2022, Shea Mortgage's most frequently originated type of loan was Conventional, with 818 originations. Their 2nd most popular type was VA, with 89 originations.
Loan Reason
Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Home Purchase | 940 | $447,550,000 | $476,117 | $4,422 | 5.07% |
For 2022, Shea Mortgage's most frequently cited loan purpose was Home Purchase, with 940 originations.
Loan Duration/Length
For 2022, Shea Mortgage's most frequently cited loan duration was 30 Year, with 885 originations. The 2nd most popular length was 15 Year, with 43 originations.
Origination Fees/Closing Costs
Shea Mortgage's average total fees were $4,471, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 507 originations.
Interest Rates
During 2022, Shea Mortgage's average interest rate for loans was 5.13%, while their most frequently originated rate bucket for loans was 5-6%, with 326 originations.
Loan Sizing
2022 saw Shea Mortgage place emphasis on $400k-600k loans with 314 originations, totaling $156,470,000 in origination value.
Applicant Income
Shea Mortgage lent most frequently to those with incomes in the $150k-250k range, with 340 originations. The second most popular income band? $100k-150k, with 280 originations.
Applicant Debt to Income Ratio
Shea Mortgage lent most frequently to those with DTI ratios of 20-30%, with 158 originations. The next most common DTI ratio? 30-36%, with 155 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.45%
Shea Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination-21.60%
Shea Mortgage 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 | 940 | $447,550,000 | $476,117 |