Shea Mortgage Rates, Fees & Info

Walnut, CA

LEI: 254900R9A6TW85BTVS20

Tax ID: 95-4523866

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Shea Mortgage is a smaller mortgage company specializing in Home Purchase loans. Shea Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Phoenix, Denver, San Diego, Los Angeles, and San Francisco among others. We have data for 24 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% 4/22/24
    30 Year FHA Purchase 7.08% 4/22/24
    30 Year VA Purchase 6.00% 4/22/24
    15 Year Conventional Purchase 6.11% 4/22/24
    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.

    Shea Mortgage Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Shea Mortgage. 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

    1,540

    Origination Dollar Volume (All Markets)

    $582,600,000
    Show all (21) 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
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 418 $123,580,000 $295,646 $3,885 4.73%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 217 $98,405,000 $453,479 $3,351 4.60%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 177 $87,515,000 $494,435 $6,733 4.48%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 109 $52,015,000 $477,202 $3,295 4.57%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 107 $50,985,000 $476,495 $3,181 4.56%
    GREELEY, CO (FHA|USDA|VA) 54 $21,310,000 $394,630 $1,236 4.69%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 49 $20,695,000 $422,347 $2,936 4.58%
    VALLEJO, CA (FHA|USDA|VA) 50 $14,450,000 $289,000 $4,990 4.78%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 45 $13,835,000 $307,444 $4,803 4.72%
    STOCKTON, CA (FHA|USDA|VA) 21 $10,955,000 $521,667 $862 4.23%
    WINCHESTER, VA-WV (FHA|USDA|VA) 34 $10,820,000 $318,235 $2,555 4.60%
    SALINAS, CA (FHA|USDA|VA) 20 $10,770,000 $538,500 $2,586 4.44%
    OCALA, FL (FHA|USDA|VA) 52 $10,090,000 $194,038 $3,708 4.86%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 40 $10,020,000 $250,500 $2,538 4.60%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 27 $8,635,000 $319,815 $4,873 4.80%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 25 $7,955,000 $318,200 $1,835 4.71%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 21 $6,845,000 $325,952 $3,347 4.73%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 11 $6,445,000 $585,909 $2,117 4.35%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 29 $6,395,000 $220,517 $3,211 4.71%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 19 $5,425,000 $285,526 $5,587 4.78%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 7 $2,595,000 $370,714 $1,809 4.84%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 6 $2,500,000 $416,667 $1,880 4.71%
    MODESTO, CA (FHA|USDA|VA) 1 $225,000 $225,000 $3,845 4.88%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $135,000 $135,000 $2,946 5.00%
    Shea Mortgage's top markets include Phoenix, Denver, San Diego, Los Angeles, and San Francisco among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)

    • 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.

    COASTHILLS
    Similarity Rank: 48
    MYPOINT Credit Union
    Similarity Rank: 55
    McCoy Federal Credit Union
    Similarity Rank: 60
    SESLOC
    Similarity Rank: 70
    Montecito Bank & Trust
    Similarity Rank: 126
    FRONTWAVE
    Similarity Rank: 176
    CBC Federal Credit Union
    Similarity Rank: 189
    LBS FINANCIAL
    Similarity Rank: 210
    Cabrillo Credit Union
    Similarity Rank: 248
    Whitley Mortgage Associates, Inc.
    Similarity Rank: 258

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,289 $467,195,000 $362,448 $2,967 4.67%
    VA 163 $76,925,000 $471,933 $7,867 4.42%
    FHA 88 $38,480,000 $437,273 $8,797 4.58%

    For 2018, Shea Mortgage's most frequently originated type of loan was Conventional, with 1,289 originations. Their 2nd most popular type was VA, with 163 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,533 $580,765,000 $378,842 $3,823 4.64%
    Refi 7 $1,835,000 $262,143 $1,405 4.52%

    For 2018, Shea Mortgage's most frequently cited loan purpose was Home Purchase, with 1,533 originations. The 2nd most popular reason was Refi, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,457 $563,155,000 $386,517 $3,864 4.66%
    15 Year 70 $16,530,000 $236,143 $2,922 4.23%
    20 Year 9 $2,535,000 $281,667 $2,518 4.65%
    10 Year 4 $380,000 $95,000 $3,410 4.25%

    For 2018, Shea Mortgage's most frequently cited loan duration was 30 Year, with 1,457 originations. The 2nd most popular length was 15 Year, with 70 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 872 $347,460,000 $398,463
    $1k-2k 459 $145,705,000 $317,440
    $2k-3k 92 $35,740,000 $388,478
    $5k+ 48 $23,570,000 $491,042
    $3k-4k 45 $19,585,000 $435,222
    $4k-5k 21 $9,245,000 $440,238

    Shea Mortgage's average total fees were $3,864, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 872 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,263 $479,265,000 $379,466
    5-6% 172 $60,030,000 $349,012
    3-4% 101 $42,105,000 $416,881
    6-7% 2 $630,000 $315,000
    2.5-3% 1 $205,000 $205,000
    7-8% 1 $365,000 $365,000

    During 2018, Shea Mortgage's average interest rate for loans was 4.66%, while their most frequently originated rate bucket for loans was 4-5%, with 1,263 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 688 $207,770,000 $301,991 $3,445 4.69%
    $400k-600k 477 $229,515,000 $481,164 $3,823 4.61%
    $100k-200k 172 $25,740,000 $149,651 $3,229 4.66%
    $600k-1MM 169 $114,985,000 $680,385 $6,151 4.51%
    $100,000 or less 32 $2,340,000 $73,125 $2,428 4.69%
    $1MM+ 2 $2,250,000 $1,125,000 $3,206 4.44%

    2018 saw Shea Mortgage place emphasis on $200k-400k loans with 688 originations, totaling $207,770,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 509 $197,235,000 $387,495 $3,732 4.66%
    $150k-250k 431 $200,485,000 $465,162 $4,316 4.62%
    $75k-100k 227 $66,635,000 $293,546 $3,731 4.62%
    $50k-75k 188 $44,040,000 $234,255 $3,143 4.67%
    $250k+ 136 $64,320,000 $472,941 $3,672 4.62%
    $50k or less 49 $9,885,000 $201,735 $3,544 4.67%

    Shea Mortgage lent most frequently to those with incomes in the $100k-150k range, with 509 originations. The second most popular income band? $150k-250k, with 431 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 270 $102,310,000 $378,926 $3,168 4.63%
    20-30% 264 $91,980,000 $348,409 $3,269 4.60%
    50-60% 89 $42,465,000 $477,135 $8,123 4.49%
    <20% 86 $22,910,000 $266,395 $3,164 4.64%
    47% 73 $26,905,000 $368,562 $3,288 4.72%
    46% 69 $24,305,000 $352,246 $3,924 4.79%
    44% 67 $26,335,000 $393,060 $4,082 4.72%
    49% 65 $23,445,000 $360,692 $3,439 4.72%
    40% 62 $23,930,000 $385,968 $3,673 4.58%
    42% 60 $25,780,000 $429,667 $3,085 4.64%
    45% 60 $21,210,000 $353,500 $3,449 4.71%
    41% 56 $23,490,000 $419,464 $3,942 4.66%
    39% 55 $20,815,000 $378,455 $3,832 4.62%
    37% 53 $23,555,000 $444,434 $3,150 4.70%
    48% 51 $20,115,000 $394,412 $4,029 4.66%
    36% 47 $17,635,000 $375,213 $3,132 4.75%
    43% 45 $15,775,000 $350,556 $4,233 4.64%
    38% 40 $15,340,000 $383,500 $3,873 4.57%
    >60% 26 $13,460,000 $517,692 $9,015 4.54%

    Shea Mortgage lent most frequently to those with DTI ratios of 30-36%, with 270 originations. The next most common DTI ratio? 20-30%, with 264 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,187 $424,385,000 $357,527 $3,706 4.66%
    Asian 200 $95,320,000 $476,600 $3,753 4.52%
    Black 68 $29,000,000 $426,471 $4,630 4.62%
    Not provided 68 $26,400,000 $388,235 $4,238 4.68%
    Native Hawaiian or Islander 10 $5,070,000 $507,000 $9,012 4.41%
    American Indian 7 $2,425,000 $346,429 $3,951 4.68%

    Approval Rates

    Total approvals of all applications
    95.14%

    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
    44.48%

    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 1,540 $582,600,000 $378,312

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,540 $582,600,000 $378,312

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 180 $35,350,000 $196,389 $2,819 4.56%
    40-60% 285 $89,145,000 $312,789 $3,296 4.59%
    60-80% 535 $225,205,000 $420,944 $3,310 4.67%
    80-100% 472 $210,870,000 $446,758 $4,226 4.68%
    Over 100% 35 $18,885,000 $539,571 $16,426 4.41%
    Under 20% 33 $3,145,000 $95,303 $2,571 4.67%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Shea Mortgage Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%