Shamrock Home Loans Mortgage Rates, Fees & Info

EAST PROVIDENCE, RI

LEI: 549300E3A68XVBMBX690

Tax ID: 05-0447801

3.8 stars - Updated: 7/11/24 - out of 5 stars, based on 30 reviews

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

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Mortgage Data

Review & Overview

Shamrock Home Loans is a smaller mortgage company specializing in Home Purchase loans. Shamrock Home Loans has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA 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: Providence, Boston, Worcester, Barnstable Town, and New York among others. We have data for 73 markets. (Some data included below & more in-depth data is available with an active subscription.)

Shamrock Home Loans 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. Shamrock Home Loans is typically a high 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 6.68% 7/11/24
30 Year Conventional Refi 6.67% 7/11/24
30 Year Cash-out Refi 6.82% 7/11/24
30 Year FHA Purchase 7.44% 7/11/24
30 Year FHA Refi 7.50% 7/11/24
30 Year VA Purchase 6.51% 7/11/24
30 Year VA Refi 6.15% 7/11/24
30 Year USDA Purchase 6.86% 7/11/24
15 Year Conventional Purchase 4.24% 7/11/24
15 Year Conventional Refi 6.15% 7/11/24
15 Year Cash-out Refi 6.15% 7/11/24
15 Year FHA Purchase 5.68% 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.

Shamrock Home Loans Mortgage Calculator






Your Estimates

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

This is not an official calculator from Shamrock Home Loans. 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

887

Origination Dollar Volume (All Markets)

$324,935,000

Awards

Shamrock Home Loans FHA Loans bronze
Show all (1) awards

Relative Rate

Shamrock Home Loans's average 30 year fixed mortgage rate was 6.68%.

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

This yields a difference of 0.2%.

Relative Fees (Closing Costs)

Shamrock Home Loans's average total fees/closing costs for a 30 year fixed rate mortgage were $9,653.

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
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 432 $168,230,000 $389,421 $10,004 6.74%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 151 $64,905,000 $429,834 $10,269 6.59%
WORCESTER, MA-CT (FHA|USDA|VA) 74 $24,450,000 $330,405 $8,759 6.75%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 30 $12,690,000 $423,000 $9,379 6.70%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 13 $5,405,000 $415,769 $8,767 6.36%
Outside of Metro Areas 19 $3,205,000 $168,684 $7,419 6.60%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 7 $3,095,000 $442,143 $5,974 6.27%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 8 $3,000,000 $375,000 $10,438 6.86%
Crossville, TN (FHA|USDA|VA) 12 $2,460,000 $205,000 $9,390 6.41%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 8 $2,150,000 $268,750 $12,462 6.31%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $1,815,000 $363,000 $8,540 7.07%
FAYETTEVILLE, NC (FHA|USDA|VA) 8 $1,800,000 $225,000 $7,505 6.44%
SPRINGFIELD, MA (FHA|USDA|VA) 6 $1,700,000 $283,333 $6,889 6.50%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 7 $1,605,000 $229,286 $7,424 7.05%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 5 $1,585,000 $317,000 $9,629 6.40%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 5 $1,515,000 $303,000 $10,103 7.15%
RALEIGH-CARY, NC (FHA|USDA|VA) 5 $1,495,000 $299,000 $11,243 6.35%
WARNER ROBINS, GA (FHA|USDA|VA) 4 $1,410,000 $352,500 $6,548 6.88%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $1,315,000 $438,333 $10,695 6.33%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $895,000 $298,333 $9,970 6.63%
WINSTON-SALEM, NC (FHA|USDA|VA) 5 $805,000 $161,000 $6,756 5.55%
Keene, NH (FHA|USDA|VA) 2 $790,000 $395,000 $10,977 6.38%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 4 $780,000 $195,000 $11,387 6.31%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $775,000 $258,333 $5,012 6.58%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $775,000 $258,333 $6,370 5.79%
FRESNO, CA (FHA|USDA|VA) 1 $725,000 $725,000 $4,537 7.25%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $690,000 $345,000 $9,477 6.50%
Cookeville, TN (FHA|USDA|VA) 3 $625,000 $208,333 $4,941 7.96%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $595,000 $595,000 $17,971 7.13%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $590,000 $295,000 $10,151 7.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $570,000 $285,000 $5,554 7.13%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $545,000 $181,667 $3,567 6.67%
Dayton, TN (FHA|USDA|VA) 1 $495,000 $495,000 $12,201 7.63%
Sault Ste. Marie, MI (FHA|USDA|VA) 2 $480,000 $240,000 $9,528 5.56%
ROCKY MOUNT, NC (FHA|USDA|VA) 2 $470,000 $235,000 $12,474 6.63%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $465,000 $465,000 $14,572 6.63%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 3 $445,000 $148,333 $5,578 6.46%
RICHMOND, VA (FHA|USDA|VA) 2 $440,000 $220,000 $7,237 6.38%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $440,000 $220,000 $8,698 8.75%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $435,000 $435,000 $12,879 7.25%
GLENS FALLS, NY (FHA|USDA|VA) 1 $425,000 $425,000 $11,020 7.50%
ASHEVILLE, NC (FHA|USDA|VA) 2 $400,000 $200,000 $9,155 6.63%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $390,000 $195,000 $4,980 6.50%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $385,000 $385,000 $4,271 6.99%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $375,000 $375,000 $10,639 5.88%
ALBANY, GA (FHA|USDA|VA) 2 $350,000 $175,000 $4,892 6.69%
BURLINGTON, NC (FHA|USDA|VA) 2 $330,000 $165,000 $8,427 6.56%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $305,000 $305,000 $4,768 7.49%
SAVANNAH, GA (FHA|USDA|VA) 1 $285,000 $285,000 $7,676 6.75%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $285,000 $285,000 $10,064 6.25%
Sanford, NC (FHA|USDA|VA) 1 $275,000 $275,000 $10,444 6.75%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $265,000 $265,000 $2,728 5.99%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $265,000 $265,000 $10,171 7.50%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $265,000 $265,000 $4,619 6.25%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $255,000 $255,000 $2,674 6.50%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $255,000 $255,000 $11,075 7.13%
Mount Airy, NC (FHA|USDA|VA) 1 $235,000 $235,000 $9,271 6.63%
LAFAYETTE, LA (FHA|USDA|VA) 1 $235,000 $235,000 $9,192 7.75%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $235,000 $235,000 $10,579 6.50%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $235,000 $235,000 $8,068 6.63%
BANGOR, ME (FHA|USDA|VA) 1 $225,000 $225,000 $1,632 7.13%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $225,000 $225,000 $4,498 5.99%
Shelby, NC (FHA|USDA|VA) 1 $225,000 $225,000 $2,497 6.63%
Gaffney, SC (FHA|USDA|VA) 1 $215,000 $215,000 $10,753 5.75%
WILMINGTON, NC (FHA|USDA|VA) 1 $185,000 $185,000 $10,693 6.25%
KNOXVILLE, TN (FHA|USDA|VA) 1 $175,000 $175,000 $9,902 6.75%
GOLDSBORO, NC (FHA|USDA|VA) 1 $175,000 $175,000 $7,268 6.25%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $165,000 $165,000 $4,687 5.88%
Torrington, CT (FHA|USDA|VA) 1 $165,000 $165,000 $10,660 5.88%
FLORENCE, SC (FHA|USDA|VA) 1 $155,000 $155,000 $3,477 6.00%
Paris, TN (FHA|USDA|VA) 1 $115,000 $115,000 $5,945 5.75%
Lumberton, NC (FHA|USDA|VA) 1 $105,000 $105,000 $4,342 6.25%
Henderson, NC (FHA|USDA|VA) 1 $95,000 $95,000 $7,176 6.63%
Shamrock Home Loans's top markets include Providence, Boston, Worcester, Barnstable Town, and New York among others.

Their top states include:
  • Rhode Island (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Similar Lenders

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

    Florence Bank
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 511 $186,575,000 $365,117 $7,046 6.77%
    FHA 306 $109,420,000 $357,582 $13,831 6.60%
    VA 65 $27,785,000 $427,462 $9,070 6.27%
    USDA 4 $930,000 $232,500 $7,446 6.41%
    FHA 1 $225,000 $225,000 $0 7.78%

    For 2023, Shamrock Home Loans's most frequently originated type of loan was Conventional, with 511 originations. Their 2nd most popular type was FHA, with 306 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 815 $302,505,000 $371,172 $9,491 6.68%
    Cash Out Refi 56 $14,120,000 $252,143 $8,859 6.54%
    Refi 16 $8,310,000 $519,375 $14,613 6.92%

    For 2023, Shamrock Home Loans's most frequently cited loan purpose was Home Purchase, with 815 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 868 $321,550,000 $370,449 $9,653 6.68%
    15 Year 11 $2,795,000 $254,091 $5,729 4.98%
    10 Year 5 $65,000 $13,000 $25 9.68%
    Other 2 $370,000 $185,000 $8,992 7.26%
    20 Year 1 $155,000 $155,000 $6,072 6.50%

    For 2023, Shamrock Home Loans's most frequently cited loan duration was 30 Year, with 868 originations. The 2nd most popular length was 15 Year, with 11 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 287 $100,915,000 $351,620
    $5k+ 254 $111,760,000 $440,000
    $3k-4k 101 $32,265,000 $319,455
    $4k-5k 94 $30,930,000 $329,043
    $2k-3k 79 $21,785,000 $275,759
    $<1k 70 $26,660,000 $380,857

    Shamrock Home Loans's average total fees were $9,653, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 287 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 526 $188,070,000 $357,548
    7-8% 195 $74,985,000 $384,538
    5-6% 143 $53,075,000 $371,154
    Over 8% 18 $7,890,000 $438,333
    <2.5% 3 $65,000 $21,667
    4-5% 2 $850,000 $425,000

    During 2023, Shamrock Home Loans's average interest rate for loans was 6.68%, while their most frequently originated rate bucket for loans was 6-7%, with 526 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 460 $140,620,000 $305,696 $8,796 6.70%
    $400k-600k 231 $109,785,000 $475,260 $11,711 6.72%
    $100k-200k 103 $16,295,000 $158,204 $5,841 6.47%
    $600k-1MM 69 $47,765,000 $692,246 $13,278 6.72%
    $100,000 or less 17 $875,000 $51,471 $2,648 6.36%
    $1MM+ 7 $9,595,000 $1,370,714 $20,521 7.19%

    2023 saw Shamrock Home Loans place emphasis on $200k-400k loans with 460 originations, totaling $140,620,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 279 $107,685,000 $385,968 $10,039 6.81%
    $75k-100k 210 $66,570,000 $317,000 $9,766 6.59%
    $50k-75k 169 $41,215,000 $243,876 $8,093 6.42%
    $150k-250k 143 $69,055,000 $482,902 $10,174 6.83%
    $250k+ 51 $33,715,000 $661,078 $10,688 6.88%
    $50k or less 34 $5,490,000 $161,471 $6,259 6.42%

    Shamrock Home Loans lent most frequently to those with incomes in the $100k-150k range, with 279 originations. The second most popular income band? $75k-100k, with 210 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 174 $65,670,000 $377,414 $12,996 6.59%
    30-36% 96 $35,950,000 $374,479 $7,487 6.70%
    20-30% 75 $23,645,000 $315,267 $7,097 6.58%
    49% 63 $23,175,000 $367,857 $9,353 6.73%
    47% 53 $21,205,000 $400,094 $11,424 6.72%
    41% 46 $15,930,000 $346,304 $7,138 6.75%
    45% 44 $14,590,000 $331,591 $9,224 6.77%
    48% 43 $17,555,000 $408,256 $10,601 6.77%
    44% 41 $14,415,000 $351,585 $9,014 6.76%
    42% 40 $16,060,000 $401,500 $10,692 6.66%
    46% 35 $13,295,000 $379,857 $9,335 6.64%
    40% 34 $12,120,000 $356,471 $8,481 6.57%
    38% 32 $11,480,000 $358,750 $8,317 6.63%
    39% 30 $9,270,000 $309,000 $6,971 6.63%
    37% 23 $8,435,000 $366,739 $9,096 6.69%
    43% 23 $8,025,000 $348,913 $7,423 6.74%
    <20% 19 $9,245,000 $486,579 $9,184 6.82%
    36% 15 $4,435,000 $295,667 $8,512 6.87%
    >60% 1 $435,000 $435,000 $4,035 5.25%

    Shamrock Home Loans lent most frequently to those with DTI ratios of 50-60%, with 174 originations. The next most common DTI ratio? 30-36%, with 96 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 490 $182,060,000 $371,551 $8,984 6.70%
    Not provided 285 $103,805,000 $364,228 $9,916 6.64%
    Black 82 $27,670,000 $337,439 $11,536 6.53%
    Asian 16 $7,110,000 $444,375 $10,609 7.31%
    American Indian 7 $1,775,000 $253,571 $8,160 6.71%
    Asian Indian 4 $880,000 $220,000 $4,755 5.78%
    Chinese 1 $855,000 $855,000 $13,628 7.00%
    Native Hawaiian or Islander 1 $485,000 $485,000 $22,928 7.75%
    Other Pacific Islander 1 $295,000 $295,000 $9,248 6.88%

    Approval Rates

    Total approvals of all applications
    92.03%

    Shamrock Home Loans has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.12%

    Shamrock Home Loans has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 887 $324,935,000 $366,330

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    887 $324,935,000 $366,330

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $2,945,000 $173,235 $4,568 6.34%
    40-60% 57 $17,595,000 $308,684 $6,423 6.57%
    60-80% 189 $74,045,000 $391,772 $7,812 6.83%
    80-100% 598 $223,230,000 $373,294 $10,427 6.66%
    Over 100% 14 $6,530,000 $466,429 $20,010 6.59%
    Under 20% 12 $590,000 $49,167 $1,389 6.36%