Shelter Home Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 5493005WWQ2221ORBN75

Tax ID: 81-4970104

4.2 stars - out of 5 stars, based on 43 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include Atlanta, Gainesville, Nashville, Charlotte, and Raleigh among others. Shelter Home Mortgage has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Shelter Home Mortgage is typically an average fee lendor.


Originations

1,846

Origination Dollar Volume (All Markets)

$590,880,000

Relative Rate

Shelter Home Mortgage 's average 30 year fixed rate mortgage of loans were 3.23%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.08%.

Relative Fees

Shelter Home Mortgage 's average total fees for a 30 year fixed rate mortgage are $5,310.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1,605 $518,805,000 $323,243 $5,117 3.18%
GAINESVILLE, GA (FHA|USDA|VA) 27 $10,085,000 $373,519 $5,646 3.09%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 24 $8,410,000 $350,417 $5,637 3.38%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 31 $8,155,000 $263,065 $4,974 3.20%
Outside of Metro Areas 24 $6,810,000 $283,750 $5,323 3.14%
RALEIGH-CARY, NC (FHA|USDA|VA) 15 $5,005,000 $333,667 $5,065 3.07%
Jefferson, GA (FHA|USDA|VA) 15 $4,395,000 $293,000 $6,080 3.22%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 13 $3,885,000 $298,846 $4,913 3.25%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $1,605,000 $535,000 $6,412 3.08%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $1,550,000 $775,000 $7,214 3.19%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 5 $1,465,000 $293,000 $5,614 2.77%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $1,225,000 $408,333 $4,911 3.29%
Cornelia, GA (FHA|USDA|VA) 5 $1,205,000 $241,000 $5,395 3.13%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $1,135,000 $378,333 $4,927 3.04%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $1,115,000 $223,000 $5,631 3.17%
SAVANNAH, GA (FHA|USDA|VA) 3 $1,085,000 $361,667 $4,932 3.16%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 6 $1,070,000 $178,333 $4,275 3.44%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $1,050,000 $525,000 $7,714 2.93%
BRUNSWICK, GA (FHA|USDA|VA) 3 $795,000 $265,000 $4,535 3.16%
Seneca, SC (FHA|USDA|VA) 2 $780,000 $390,000 $4,877 2.75%
Wilson, NC (FHA|USDA|VA) 1 $725,000 $725,000 $8,997 2.75%
Lewisburg, TN (FHA|USDA|VA) 3 $705,000 $235,000 $4,673 3.16%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $680,000 $340,000 $6,652 3.19%
ROME, GA (FHA|USDA|VA) 3 $675,000 $225,000 $5,682 3.21%
FAYETTEVILLE, NC (FHA|USDA|VA) 2 $590,000 $295,000 $4,312 3.13%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $550,000 $275,000 $11,168 3.19%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $520,000 $260,000 $5,307 2.93%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $520,000 $260,000 $5,938 3.13%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $500,000 $250,000 $6,496 3.25%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $460,000 $230,000 $5,026 3.06%
Sanford, NC (FHA|USDA|VA) 2 $410,000 $205,000 $7,743 3.31%
WARNER ROBINS, GA (FHA|USDA|VA) 2 $400,000 $200,000 $6,694 2.99%
Dayton, TN (FHA|USDA|VA) 1 $385,000 $385,000 $7,845 3.13%
Toccoa, GA (FHA|USDA|VA) 2 $370,000 $185,000 $4,277 3.12%
Albemarle, NC (FHA|USDA|VA) 1 $335,000 $335,000 $12,534 3.50%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $325,000 $325,000 $7,574 2.88%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $315,000 $315,000 $9,858 2.50%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 3 $265,000 $88,333 $3,062 4.75%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $255,000 $255,000 $6,947 2.99%
PANAMA CITY, FL (FHA|USDA|VA) 1 $255,000 $255,000 $7,548 3.25%
Tullahoma-Manchester, TN (FHA|USDA|VA) 2 $220,000 $110,000 $3,160 3.56%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $205,000 $205,000 $2,858 3.38%
Calhoun, GA (FHA|USDA|VA) 1 $185,000 $185,000 $7,966 4.25%
COLUMBIA, SC (FHA|USDA|VA) 1 $185,000 $185,000 $3,209 3.25%
SPARTANBURG, SC (FHA|USDA|VA) 1 $185,000 $185,000 $8,639 2.99%
OCALA, FL (FHA|USDA|VA) 1 $165,000 $165,000 $8,265 2.99%
DOTHAN, AL (FHA|USDA|VA) 1 $165,000 $165,000 $2,632 3.38%
Shelby, NC (FHA|USDA|VA) 1 $155,000 $155,000 $5,710 3.63%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $145,000 $145,000 $3,170 2.63%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $115,000 $115,000 $5,570 2.88%
Cookeville, TN (FHA|USDA|VA) 1 $115,000 $115,000 $4,063 3.25%
DALTON, GA (FHA|USDA|VA) 1 $85,000 $85,000 $4,118 4.38%
Statesboro, GA (FHA|USDA|VA) 1 $85,000 $85,000 $2,962 3.50%

Shelter Home Mortgage 's top markets include Atlanta, Gainesville, Nashville, Charlotte, and Raleigh among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,665 $537,985,000 $323,114 $4,725 3.18%
FHA 135 $36,725,000 $272,037 $9,421 3.21%
VA 46 $16,170,000 $351,522 $8,572 3.18%

For the 2021 period, Shelter Home Mortgage 's most frequently originated loan type of loans were Conventional, with 1,665 originations. Their 2nd most popular type is FHA, with 135 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,357 $450,765,000 $332,178 $5,438 3.21%
Refi 322 $93,070,000 $289,037 $4,208 2.94%
Cash Out Refi 167 $47,045,000 $281,707 $4,786 3.36%

For the 2021, Shelter Home Mortgage 's most frequently cited loan purpose of loans were Home Purchase, with 1,357 originations. The 2nd most popular reason of loans were Refi, with 322 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,660 $540,390,000 $325,536 $5,310 3.23%
15 Year 123 $32,045,000 $260,528 $3,831 2.58%
20 Year 37 $10,615,000 $286,892 $3,739 2.98%
Other 18 $6,040,000 $335,556 $4,251 3.14%
10 Year 8 $1,790,000 $223,750 $4,103 2.42%

For the 2021, Shelter Home Mortgage 's most frequently cited loan length of loans were 30 Year, with 1,660 originations. The 2nd most popular length of loans were 15 Year, with 123 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 627 $191,485,000 $305,399
$1k-2k 460 $135,690,000 $294,978
$2k-3k 344 $108,420,000 $315,174
$3k-4k 311 $103,385,000 $332,428
$5k+ 104 $51,900,000 $499,038

$5,310 of loans were Shelter Home Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 627 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 1,026 $325,290,000 $317,047
2.5-3% 674 $225,230,000 $334,169
<2.5% 85 $24,325,000 $286,176
4-5% 57 $13,815,000 $242,368
5-6% 3 $1,305,000 $435,000
6-7% 1 $915,000 $915,000

During 2021, Shelter Home Mortgage 's average interest rate of loans were 3.23%, while their most frequently originated rate bucket of loans were 3-4%, with 1,026 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,025 $297,275,000 $290,024 $5,161 3.17%
$100k-200k 352 $56,750,000 $161,222 $4,086 3.23%
$400k-600k 349 $166,735,000 $477,751 $5,734 3.15%
$600k-1MM 74 $54,340,000 $734,324 $8,037 3.04%
$100,000 or less 35 $2,825,000 $80,714 $3,305 3.44%
$1MM+ 11 $12,955,000 $1,177,727 $8,573 3.43%

2021 saw Shelter Home Mortgage place emphasis on $200k-400k loans with 1,025 originations, totaling $297,275,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 471 $152,875,000 $324,575 $5,115 3.20%
$50k-75k 393 $93,455,000 $237,799 $5,005 3.20%
$150k-250k 354 $143,600,000 $405,650 $5,310 3.15%
$75k-100k 330 $94,400,000 $286,061 $5,002 3.19%
$50k or less 157 $27,755,000 $176,783 $4,608 3.18%
$250k+ 138 $78,190,000 $566,594 $6,470 3.07%

Shelter Home Mortgage lent most frequently to those with incomes in the $100k-150k range, with 471 originations. The second most popular income band? $50k-75k, with 393 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 470 $152,100,000 $323,617 $4,701 3.14%
30-36% 349 $114,145,000 $327,063 $5,169 3.22%
<20% 194 $62,170,000 $320,464 $4,658 2.98%
44% 79 $22,495,000 $284,747 $5,467 3.22%
39% 66 $20,700,000 $313,636 $5,128 3.29%
43% 65 $20,285,000 $312,077 $5,314 3.26%
42% 64 $18,790,000 $293,594 $5,341 3.24%
37% 62 $22,260,000 $359,032 $4,938 3.22%
41% 60 $20,030,000 $333,833 $5,330 3.22%
40% 59 $21,365,000 $362,119 $5,112 3.22%
38% 56 $18,450,000 $329,464 $5,380 3.16%
36% 56 $16,960,000 $302,857 $5,463 3.37%
49% 53 $16,625,000 $313,679 $5,807 3.21%
47% 48 $13,800,000 $287,500 $5,444 3.23%
50-60% 47 $14,635,000 $311,383 $8,298 3.17%
46% 45 $14,315,000 $318,111 $5,757 3.18%
45% 37 $11,775,000 $318,243 $5,201 3.17%
48% 35 $9,775,000 $279,286 $6,048 3.32%

Shelter Home Mortgage lent most frequently to those with DTI ratios of 20-30%, with 470 originations. The next most common DTI ratio? 30-36%, with 349 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,297 $423,825,000 $326,773 $4,977 3.15%
Black 260 $74,610,000 $286,962 $6,031 3.28%
Not provided 160 $51,920,000 $324,500 $5,440 3.29%
Asian 116 $36,990,000 $318,879 $4,838 3.12%
American Indian 12 $3,200,000 $266,667 $5,584 3.21%
Native Hawaiian 1 $335,000 $335,000 $12,534 3.50%

Approval Rates

Total approvals of all applications
96.90%

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
68.95%

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 1,846 $590,880,000 $320,087

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,846 $590,880,000 $320,087

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 57 $10,305,000 $180,789 $3,549 2.93%
40-60% 178 $48,040,000 $269,888 $4,057 3.00%
60-80% 629 $212,485,000 $337,814 $4,959 3.20%
80-100% 967 $315,775,000 $326,551 $5,516 3.22%
Over 100% 11 $3,975,000 $361,364 $13,092 3.24%
Under 20% 4 $300,000 $75,000 $3,012 2.72%