Shelter Home Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 5493005WWQ2221ORBN75

Tax ID: 81-4970104

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
  • 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

    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. They have a low ratio of USDA loans. Their top markets by origination volume include: Atlanta, Gainesville, Athens, Jefferson, and Charlotte among others. We have data for 16 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 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 6.71% 4/21/24
    30 Year Conventional Refi 6.94% 4/21/24
    30 Year Cash-out Refi 7.11% 4/21/24
    30 Year FHA Purchase 7.40% 4/21/24
    30 Year FHA Refi 8.01% 4/21/24
    30 Year VA Purchase 6.51% 4/21/24
    30 Year USDA Purchase 6.27% 4/21/24
    15 Year Conventional Purchase 5.94% 4/21/24
    15 Year Conventional Refi 6.01% 4/21/24
    15 Year Cash-out Refi 6.01% 4/21/24
    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

    1,181

    Origination Dollar Volume (All Markets)

    $303,705,000

    Awards

    SHELTER HOME MORTGAGE 30 Year Conventional Loans bronze
    Show all (1) 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
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1,100 $286,890,000 $260,809 $5,059 4.81%
    GAINESVILLE, GA (FHA|USDA|VA) 20 $4,980,000 $249,000 $4,807 4.81%
    Outside of Metro Areas 23 $4,305,000 $187,174 $4,383 4.85%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 16 $3,270,000 $204,375 $5,446 4.66%
    Jefferson, GA (FHA|USDA|VA) 7 $1,095,000 $156,429 $3,955 4.93%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 4 $860,000 $215,000 $4,774 4.91%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $580,000 $290,000 $4,873 4.64%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $425,000 $425,000 $4,289 4.88%
    Toccoa, GA (FHA|USDA|VA) 1 $335,000 $335,000 $3,753 4.63%
    SAVANNAH, GA (FHA|USDA|VA) 1 $215,000 $215,000 $6,498 4.25%
    ROME, GA (FHA|USDA|VA) 1 $195,000 $195,000 $8,229 4.88%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $155,000 $155,000 $3,028 4.50%
    Calhoun, GA (FHA|USDA|VA) 1 $125,000 $125,000 $5,521 5.25%
    Americus, GA (FHA|USDA|VA) 1 $105,000 $105,000 $4,350 4.88%
    Statesboro, GA (FHA|USDA|VA) 1 $95,000 $95,000 $3,172 5.38%
    VALDOSTA, GA (FHA|USDA|VA) 1 $75,000 $75,000 $4,128 5.25%
    Shelter Home Mortgage's top markets include Atlanta, Gainesville, Athens, Jefferson, and Charlotte among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • South Carolina (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.

    Whitley Mortgage Associates, Inc.
    Similarity Rank: 258
    First American Bank and Trust Company
    Similarity Rank: 360
    Belmont Savings Bank, SSB
    Similarity Rank: 390
    KELLEY MORTGAGE, LLC
    Similarity Rank: 412
    US COMMUNITY
    Similarity Rank: 555
    First National Bank of Griffin
    Similarity Rank: 592
    NewDominion Bank
    Similarity Rank: 602
    Southeast Financial Credit Union
    Similarity Rank: 742
    THE TENNESSEE CREDIT UNION
    Similarity Rank: 750
    Hamilton State Bank
    Similarity Rank: 1194

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 992 $262,640,000 $264,758 $4,556 4.79%
    FHA 142 $28,490,000 $200,634 $7,679 4.95%
    VA 44 $12,100,000 $275,000 $7,327 4.77%
    USDA 3 $475,000 $158,333 $5,254 4.96%

    For 2018, Shelter Home Mortgage's most frequently originated type of loan was Conventional, with 992 originations. Their 2nd most popular type was FHA, with 142 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,102 $285,710,000 $259,265 $5,064 4.80%
    Cash Out Refi 56 $12,410,000 $221,607 $4,590 4.93%
    Refi 21 $5,395,000 $256,905 $5,196 4.78%
    Other 2 $190,000 $95,000 $695 8.00%

    For 2018, Shelter Home Mortgage's most frequently cited loan purpose was Home Purchase, with 1,102 originations. The 2nd most popular reason was Cash Out Refi, with 56 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,136 $292,930,000 $257,861 $5,045 4.83%
    15 Year 34 $8,410,000 $247,353 $4,982 4.21%
    20 Year 11 $2,365,000 $215,000 $4,306 4.61%

    For 2018, Shelter Home Mortgage's most frequently cited loan duration was 30 Year, with 1,136 originations. The 2nd most popular length was 15 Year, with 34 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 384 $96,610,000 $251,589
    $2k-3k 325 $71,235,000 $219,185
    $1k-2k 223 $52,285,000 $234,462
    $3k-4k 140 $39,620,000 $283,000
    $4k-5k 67 $23,455,000 $350,075
    $5k+ 42 $20,500,000 $488,095

    Shelter Home Mortgage's average total fees were $5,045, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 384 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 910 $241,130,000 $264,978
    5-6% 231 $50,865,000 $220,195
    3-4% 24 $6,800,000 $283,333
    6-7% 12 $3,990,000 $332,500
    7-8% 4 $920,000 $230,000

    During 2018, Shelter Home Mortgage's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 4-5%, with 910 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 584 $163,300,000 $279,623 $5,206 4.76%
    $100k-200k 416 $65,350,000 $157,091 $4,486 4.86%
    $400k-600k 116 $53,180,000 $458,448 $6,255 4.75%
    $100,000 or less 42 $3,190,000 $75,952 $3,748 5.19%
    $600k-1MM 20 $15,240,000 $762,000 $6,453 4.64%
    $1MM+ 3 $3,445,000 $1,148,333 $9,795 4.88%

    2018 saw Shelter Home Mortgage place emphasis on $200k-400k loans with 584 originations, totaling $163,300,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 280 $56,670,000 $202,393 $4,776 4.79%
    $100k-150k 263 $72,375,000 $275,190 $5,137 4.82%
    $75k-100k 237 $56,085,000 $236,646 $4,978 4.82%
    $150k-250k 187 $68,585,000 $366,765 $5,577 4.78%
    $50k or less 155 $22,655,000 $146,161 $4,660 4.82%
    $250k+ 59 $27,335,000 $463,305 $5,337 4.85%

    Shelter Home Mortgage lent most frequently to those with incomes in the $50k-75k range, with 280 originations. The second most popular income band? $100k-150k, with 263 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 281 $75,465,000 $268,559 $4,799 4.71%
    30-36% 202 $53,590,000 $265,297 $4,833 4.79%
    <20% 75 $20,195,000 $269,267 $4,376 4.77%
    48% 50 $11,510,000 $230,200 $4,854 4.86%
    50-60% 49 $10,815,000 $220,714 $7,100 4.87%
    39% 47 $12,195,000 $259,468 $5,087 4.87%
    41% 47 $12,435,000 $264,574 $4,654 4.81%
    47% 46 $10,160,000 $220,870 $5,489 4.76%
    49% 45 $11,425,000 $253,889 $5,110 4.89%
    37% 43 $10,425,000 $242,442 $4,732 4.89%
    44% 42 $9,510,000 $226,429 $5,254 4.87%
    45% 40 $11,260,000 $281,500 $5,457 4.87%
    46% 40 $8,420,000 $210,500 $4,870 4.80%
    36% 38 $9,320,000 $245,263 $4,875 4.89%
    40% 37 $11,225,000 $303,378 $5,897 4.78%
    42% 35 $9,325,000 $266,429 $4,665 4.95%
    43% 34 $8,340,000 $245,294 $5,588 5.04%
    38% 30 $8,090,000 $269,667 $5,678 4.79%

    Shelter Home Mortgage lent most frequently to those with DTI ratios of 20-30%, with 281 originations. The next most common DTI ratio? 30-36%, with 202 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 914 $240,520,000 $263,151 $4,917 4.78%
    Black 164 $35,310,000 $215,305 $5,536 4.94%
    Asian 78 $20,310,000 $260,385 $4,857 4.85%
    Not provided 20 $6,430,000 $321,500 $6,868 4.88%
    Native Hawaiian or Islander 3 $755,000 $251,667 $6,066 4.49%
    American Indian 2 $380,000 $190,000 $5,784 4.38%

    Approval Rates

    Total approvals of all applications
    97.40%

    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
    73.24%

    Shelter Home Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,181 $303,705,000 $257,159

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $200,000 $100,000
    Single Family (1-4 Units):Site-Built 1,179 $303,505,000 $257,426

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $4,230,000 $235,000 $4,096 4.62%
    40-60% 71 $14,955,000 $210,634 $4,320 4.73%
    60-80% 373 $103,895,000 $278,539 $4,760 4.81%
    80-100% 710 $178,260,000 $251,070 $5,227 4.82%
    Over 100% 7 $2,115,000 $302,143 $11,140 4.66%
    Under 20% 2 $250,000 $125,000 $1,353 6.38%