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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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 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, San Francisco, and Los Angeles among others. We have data for 23 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% 4/18/24
    30 Year FHA Purchase 7.08% 4/18/24
    30 Year VA Purchase 6.00% 4/18/24
    15 Year Conventional Purchase 6.11% 4/18/24
    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

    1,377

    Origination Dollar Volume (All Markets)

    $546,715,000
    Show all (22) 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) 458 $151,780,000 $331,397 $2,597 4.19%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 159 $77,975,000 $490,409 $2,304 4.06%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 134 $68,690,000 $512,612 $6,119 3.86%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 107 $60,215,000 $562,757 $2,069 4.10%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 75 $38,535,000 $513,800 $2,921 3.99%
    SALINAS, CA (FHA|USDA|VA) 30 $18,050,000 $601,667 $2,052 4.08%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 35 $11,705,000 $334,429 $724 4.09%
    OCALA, FL (FHA|USDA|VA) 56 $11,350,000 $202,679 $4,547 4.33%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 35 $11,135,000 $318,143 $2,067 4.32%
    GREELEY, CO (FHA|USDA|VA) 24 $10,780,000 $449,167 $849 4.30%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 38 $10,240,000 $269,474 $1,560 4.27%
    STOCKTON, CA (FHA|USDA|VA) 19 $10,015,000 $527,105 $994 4.00%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 30 $9,840,000 $328,000 $3,722 4.20%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 19 $9,365,000 $492,895 $3,475 3.95%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 29 $9,235,000 $318,448 $4,448 4.04%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 41 $9,235,000 $225,244 $3,103 4.39%
    VALLEJO, CA (FHA|USDA|VA) 27 $7,995,000 $296,111 $2,949 4.20%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 24 $7,430,000 $309,583 $3,216 4.13%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 12 $5,020,000 $418,333 $4,374 4.03%
    WINCHESTER, VA-WV (FHA|USDA|VA) 15 $4,365,000 $291,000 $345 4.32%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 8 $3,370,000 $421,250 $980 3.81%
    Breckenridge, CO (FHA|USDA|VA) 1 $335,000 $335,000 $760 3.75%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $55,000 $55,000 $1,848 3.50%
    Shea Mortgage's top markets include Phoenix, Denver, San Diego, San Francisco, and Los Angeles 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.

    SESLOC
    Similarity Rank: 128
    MYPOINT Credit Union
    Similarity Rank: 147
    Christian Community Credit Union
    Similarity Rank: 220
    COASTHILLS
    Similarity Rank: 252
    ARAPAHOE CREDIT UNION
    Similarity Rank: 256
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 290
    McCoy Federal Credit Union
    Similarity Rank: 342
    SAFEAMERICA CREDIT UNION
    Similarity Rank: 368
    AAXY L.L.C.
    Similarity Rank: 368
    The District Federal Credit Union
    Similarity Rank: 372

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,156 $449,630,000 $388,953 $1,991 4.18%
    VA 156 $70,120,000 $449,487 $7,083 3.84%
    FHA 65 $26,965,000 $414,846 $8,867 3.89%

    For 2019, Shea Mortgage's most frequently originated type of loan was Conventional, with 1,156 originations. Their 2nd most popular type was VA, with 156 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,352 $538,080,000 $397,988 $2,899 4.13%
    Refi 25 $8,635,000 $345,400 $2,645 3.78%

    For 2019, Shea Mortgage's most frequently cited loan purpose was Home Purchase, with 1,352 originations. The 2nd most popular reason was Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,290 $523,130,000 $405,527 $2,950 4.16%
    15 Year 82 $22,120,000 $269,756 $2,095 3.63%
    20 Year 4 $1,210,000 $302,500 $1,867 4.28%
    10 Year 1 $255,000 $255,000 $521 3.13%

    For 2019, Shea Mortgage's most frequently cited loan duration was 30 Year, with 1,290 originations. The 2nd most popular length was 15 Year, with 82 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,100 $444,100,000 $403,727
    $1k-2k 190 $64,880,000 $341,474
    $2k-3k 35 $13,845,000 $395,571
    $5k+ 24 $13,520,000 $563,333
    $3k-4k 18 $7,150,000 $397,222
    $4k-5k 10 $3,220,000 $322,000

    Shea Mortgage's average total fees were $2,950, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,100 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 730 $296,080,000 $405,589
    4-5% 593 $229,665,000 $387,293
    5-6% 43 $16,115,000 $374,767
    2.5-3% 9 $4,195,000 $466,111
    6-7% 1 $375,000 $375,000
    7-8% 1 $285,000 $285,000

    During 2019, Shea Mortgage's average interest rate for loans was 4.16%, while their most frequently originated rate bucket for loans was 3-4%, with 730 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 576 $176,610,000 $306,615 $2,508 4.17%
    $400k-600k 444 $215,580,000 $485,541 $3,340 4.06%
    $600k-1MM 173 $120,625,000 $697,254 $3,638 4.09%
    $100k-200k 154 $22,910,000 $148,766 $2,312 4.20%
    $100,000 or less 22 $1,700,000 $77,273 $1,469 4.20%
    $1MM+ 8 $9,290,000 $1,161,250 $5,089 3.88%

    2019 saw Shea Mortgage place emphasis on $200k-400k loans with 576 originations, totaling $176,610,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 456 $177,370,000 $388,969 $3,203 4.15%
    $150k-250k 388 $182,950,000 $471,521 $2,788 4.11%
    $75k-100k 203 $63,325,000 $311,946 $3,139 4.13%
    $250k+ 160 $84,040,000 $525,250 $2,352 4.07%
    $50k-75k 134 $32,320,000 $241,194 $2,541 4.14%
    $50k or less 36 $6,710,000 $186,389 $2,513 4.20%

    Shea Mortgage lent most frequently to those with incomes in the $100k-150k range, with 456 originations. The second most popular income band? $150k-250k, with 388 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 270 $98,750,000 $365,741 $2,093 4.12%
    30-36% 206 $86,320,000 $419,029 $2,805 4.09%
    <20% 101 $30,925,000 $306,188 $1,867 4.03%
    50-60% 82 $35,240,000 $429,756 $7,993 3.90%
    48% 64 $26,440,000 $413,125 $3,374 4.06%
    49% 63 $22,445,000 $356,270 $2,356 4.28%
    43% 59 $24,385,000 $413,305 $2,300 4.17%
    42% 56 $27,760,000 $495,714 $3,295 4.10%
    40% 54 $23,700,000 $438,889 $2,343 4.22%
    44% 53 $20,505,000 $386,887 $3,630 4.25%
    39% 52 $22,510,000 $432,885 $2,254 4.13%
    47% 52 $19,400,000 $373,077 $2,985 4.23%
    46% 49 $18,555,000 $378,673 $3,392 4.26%
    41% 46 $22,360,000 $486,087 $2,608 4.13%
    38% 40 $15,020,000 $375,500 $2,003 4.14%
    37% 40 $16,360,000 $409,000 $2,511 4.21%
    45% 38 $13,060,000 $343,684 $2,728 4.14%
    36% 35 $14,665,000 $419,000 $1,988 4.08%
    >60% 17 $8,315,000 $489,118 $4,792 4.21%

    Shea Mortgage lent most frequently to those with DTI ratios of 20-30%, with 270 originations. The next most common DTI ratio? 30-36%, with 206 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,037 $389,355,000 $375,463 $2,789 4.16%
    Asian 196 $99,120,000 $505,714 $2,453 3.98%
    Not provided 78 $31,840,000 $408,205 $3,290 3.98%
    Black 54 $21,140,000 $391,481 $5,292 4.26%
    American Indian 7 $3,235,000 $462,143 $3,461 4.23%
    Native Hawaiian or Islander 5 $2,025,000 $405,000 $9,139 3.85%

    Approval Rates

    Total approvals of all applications
    96.63%

    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
    50.54%

    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 1,377 $546,715,000 $397,033

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,377 $546,715,000 $397,033

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 156 $31,980,000 $205,000 $1,706 4.09%
    40-60% 209 $67,815,000 $324,474 $2,086 4.05%
    60-80% 469 $205,545,000 $438,262 $2,247 4.16%
    80-100% 476 $218,250,000 $458,508 $3,318 4.16%
    Over 100% 41 $20,085,000 $489,878 $14,850 3.80%
    Under 20% 26 $3,040,000 $116,923 $1,562 4.16%