Shelter Home Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 5493005WWQ2221ORBN75

Tax ID: 81-4970104

5 stars - Updated: 7/11/24 - out of 5 stars, based on 24 reviews

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

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Mortgage Data

Review & Overview

Shelter Home Mortgage is a smaller mortgage company specializing in Home Purchase loans. Shelter Home Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Atlanta, Gainesville, Orlando, Jefferson, and Savannah among others. We have data for 40 markets. (Some data included below & more in-depth data is available with an active subscription.)

Shelter Home 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. Shelter Home Mortgage is typically an average 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 relatively high 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 6.71% 7/11/24
30 Year Conventional Refi 6.94% 7/11/24
30 Year Cash-out Refi 7.11% 7/11/24
30 Year FHA Purchase 7.40% 7/11/24
30 Year FHA Refi 8.01% 7/11/24
30 Year VA Purchase 6.51% 7/11/24
30 Year USDA Purchase 6.27% 7/11/24
15 Year Conventional Purchase 5.94% 7/11/24
15 Year Conventional Refi 6.01% 7/11/24
15 Year Cash-out Refi 6.01% 7/11/24
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.

Shelter Home Mortgage Mortgage Calculator






Your Estimates

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

This is not an official calculator from Shelter Home 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

560

Origination Dollar Volume (All Markets)

$196,820,000

Awards

SHELTER HOME MORTGAGE 30 Year Conventional Loans silver SHELTER HOME MORTGAGE 30 Year Conventional Loans bronze
Show all (2) awards

Relative Rate

Shelter Home Mortgage's average 30 year fixed mortgage rate was 6.62%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.14%.

Relative Fees (Closing Costs)

Shelter Home Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $7,825.

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 $9,089.

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
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 457 $165,735,000 $362,659 $7,666 6.60%
GAINESVILLE, GA (FHA|USDA|VA) 15 $5,395,000 $359,667 $6,490 6.59%
Outside of Metro Areas 12 $3,690,000 $307,500 $8,683 7.21%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 8 $2,800,000 $350,000 $11,463 5.73%
Jefferson, GA (FHA|USDA|VA) 8 $2,410,000 $301,250 $5,959 6.46%
SAVANNAH, GA (FHA|USDA|VA) 5 $1,625,000 $325,000 $6,480 6.55%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $1,455,000 $291,000 $8,331 6.32%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $1,405,000 $281,000 $5,050 6.63%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $1,135,000 $378,333 $10,854 6.66%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $850,000 $425,000 $18,156 5.94%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 3 $735,000 $245,000 $7,408 6.83%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $585,000 $195,000 $8,256 6.33%
KNOXVILLE, TN (FHA|USDA|VA) 2 $560,000 $280,000 $7,178 6.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $530,000 $265,000 $7,963 7.38%
Sevierville, TN (FHA|USDA|VA) 1 $525,000 $525,000 $0 10.13%
OCALA, FL (FHA|USDA|VA) 2 $500,000 $250,000 $6,947 7.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $455,000 $455,000 $8,887 6.38%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $435,000 $435,000 $17,105 6.63%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $435,000 $435,000 $9,675 5.88%
Fitzgerald, GA (FHA|USDA|VA) 1 $415,000 $415,000 $20,770 7.25%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $385,000 $385,000 $30,821 5.05%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $370,000 $185,000 $5,579 7.18%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $345,000 $345,000 $7,077 6.38%
MOBILE, AL (FHA|USDA|VA) 1 $335,000 $335,000 $4,274 7.25%
WARNER ROBINS, GA (FHA|USDA|VA) 2 $330,000 $165,000 $6,857 6.19%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $315,000 $315,000 $4,356 6.63%
Cedartown, GA (FHA|USDA|VA) 1 $315,000 $315,000 $6,012 6.63%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $305,000 $305,000 $9,561 6.25%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $300,000 $150,000 $8,140 6.81%
VALDOSTA, GA (FHA|USDA|VA) 1 $245,000 $245,000 $6,272 6.13%
Cornelia, GA (FHA|USDA|VA) 1 $235,000 $235,000 $3,881 7.13%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $225,000 $225,000 $3,990 6.88%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 6.13%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $215,000 $215,000 $6,014 6.38%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $205,000 $205,000 $6,994 5.99%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $195,000 $195,000 $0 7.99%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $195,000 $195,000 $5,334 6.50%
ROME, GA (FHA|USDA|VA) 1 $185,000 $185,000 $5,612 6.13%
MONTGOMERY, AL (FHA|USDA|VA) 1 $125,000 $125,000 $2,434 6.99%
DECATUR, AL (FHA|USDA|VA) 1 $95,000 $95,000 $5,564 6.88%
Shelter Home Mortgage's top markets include Atlanta, Gainesville, Orlando, Jefferson, and Savannah among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against SHELTER HOME MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SCIENT Federal Credit Union
    Similarity Rank: 110
    First Farmers and Merchants Bank
    Similarity Rank: 130
    US COMMUNITY
    Similarity Rank: 472
    LGE COMMUNITY
    Similarity Rank: 546
    TENNESSEE TRUST MORTGAGE, INC
    Similarity Rank: 736
    THE TENNESSEE CREDIT UNION
    Similarity Rank: 848
    CORNERSTONE FINANCIAL CREDIT UNION
    Similarity Rank: 864
    AMERICAN HOME MORTGAGE, INC.
    Similarity Rank: 900
    East West Bank
    Similarity Rank: 925

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 482 $169,330,000 $351,307 $6,799 6.60%
    FHA 62 $21,170,000 $341,452 $13,788 6.62%
    VA 16 $6,320,000 $395,000 $11,403 6.62%

    For 2023, Shelter Home Mortgage's most frequently originated type of loan was Conventional, with 482 originations. Their 2nd most popular type was FHA, with 62 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 546 $192,080,000 $351,795 $7,762 6.59%
    Cash Out Refi 8 $2,930,000 $366,250 $8,529 7.31%
    Refi 6 $1,810,000 $301,667 $4,615 6.73%

    For 2023, Shelter Home Mortgage's most frequently cited loan purpose was Home Purchase, with 546 originations. The 2nd most popular reason was Cash Out Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 538 $190,380,000 $353,866 $7,825 6.62%
    15 Year 21 $6,005,000 $285,952 $5,588 6.10%
    20 Year 1 $435,000 $435,000 $9,675 5.88%

    For 2023, Shelter Home Mortgage's most frequently cited loan duration was 30 Year, with 538 originations. The 2nd most popular length was 15 Year, with 21 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 121 $53,935,000 $445,744
    $2k-3k 114 $32,120,000 $281,754
    $3k-4k 108 $36,920,000 $341,852
    $4k-5k 99 $34,575,000 $349,242
    $1k-2k 86 $29,350,000 $341,279
    $<1k 10 $3,740,000 $374,000

    Shelter Home Mortgage's average total fees were $7,825, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 121 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 344 $118,600,000 $344,767
    5-6% 102 $36,020,000 $353,137
    7-8% 99 $35,835,000 $361,970
    Over 8% 11 $4,845,000 $440,455
    4-5% 3 $975,000 $325,000
    3-4% 1 $545,000 $545,000

    During 2023, Shelter Home Mortgage's average interest rate for loans was 6.62%, while their most frequently originated rate bucket for loans was 6-7%, with 344 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 315 $91,995,000 $292,048 $7,055 6.58%
    $400k-600k 143 $68,065,000 $475,979 $9,106 6.57%
    $100k-200k 58 $9,140,000 $157,586 $5,584 6.69%
    $600k-1MM 35 $24,085,000 $688,143 $11,242 6.65%
    $100,000 or less 7 $575,000 $82,143 $4,122 6.78%
    $1MM+ 2 $2,960,000 $1,480,000 $23,042 8.06%

    2023 saw Shelter Home Mortgage place emphasis on $200k-400k loans with 315 originations, totaling $91,995,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 155 $53,695,000 $346,419 $7,976 6.57%
    $150k-250k 126 $55,630,000 $441,508 $8,657 6.65%
    $75k-100k 108 $30,950,000 $286,574 $7,057 6.62%
    $50k-75k 90 $21,340,000 $237,111 $6,609 6.35%
    $250k+ 60 $31,580,000 $526,333 $8,753 6.76%
    $50k or less 19 $2,965,000 $156,053 $6,320 6.70%

    Shelter Home Mortgage lent most frequently to those with incomes in the $100k-150k range, with 155 originations. The second most popular income band? $150k-250k, with 126 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 97 $34,295,000 $353,557 $6,562 6.56%
    30-36% 85 $28,535,000 $335,706 $6,551 6.66%
    50-60% 34 $12,460,000 $366,471 $12,820 6.48%
    49% 29 $9,135,000 $315,000 $8,063 6.57%
    41% 29 $9,805,000 $338,103 $7,438 6.74%
    37% 28 $10,840,000 $387,143 $7,981 6.41%
    <20% 27 $10,245,000 $379,444 $6,918 6.49%
    44% 25 $8,595,000 $343,800 $8,295 6.62%
    40% 23 $8,865,000 $385,435 $7,436 6.69%
    48% 23 $7,545,000 $328,043 $8,309 6.65%
    45% 22 $6,740,000 $306,364 $6,866 6.56%
    39% 22 $7,750,000 $352,273 $7,571 6.65%
    46% 22 $8,210,000 $373,182 $8,596 6.67%
    43% 20 $7,640,000 $382,000 $9,080 6.65%
    36% 19 $6,785,000 $357,105 $7,061 6.47%
    38% 18 $6,030,000 $335,000 $8,303 6.41%
    42% 17 $6,025,000 $354,412 $8,088 6.73%
    47% 17 $6,465,000 $380,294 $8,131 6.39%
    >60% 1 $195,000 $195,000 $8,207 7.75%

    Shelter Home Mortgage lent most frequently to those with DTI ratios of 20-30%, with 97 originations. The next most common DTI ratio? 30-36%, with 85 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 352 $125,700,000 $357,102 $7,133 6.62%
    Not provided 87 $30,885,000 $355,000 $8,091 6.50%
    Black 88 $29,180,000 $331,591 $10,042 6.59%
    Asian 17 $5,855,000 $344,412 $6,523 6.45%
    Asian Indian 5 $1,945,000 $389,000 $8,027 6.77%
    Other Asian 2 $710,000 $355,000 $6,609 6.81%
    American Indian 3 $555,000 $185,000 $7,361 6.58%
    Korean 2 $540,000 $270,000 $6,003 6.06%
    Not applicable 1 $525,000 $525,000 $0 10.13%
    Filipino 1 $405,000 $405,000 $9,760 5.99%
    Other Pacific Islander 1 $345,000 $345,000 $12,523 7.25%
    Chinese 1 $175,000 $175,000 $0 6.99%

    Approval Rates

    Total approvals of all applications
    97.95%

    Shelter Home 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
    55.89%

    Shelter Home 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 560 $196,820,000 $351,464

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    560 $196,820,000 $351,464

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 23 $4,155,000 $180,652 $4,985 6.51%
    40-60% 50 $14,400,000 $288,000 $5,717 6.53%
    60-80% 133 $49,995,000 $375,902 $7,131 6.74%
    80-100% 350 $126,930,000 $362,657 $8,374 6.56%
    Over 100% 3 $1,075,000 $358,333 $13,965 7.08%
    Under 20% 1 $265,000 $265,000 $5,579 6.88%