Shamrock Home Loans Mortgage Rates, Fees & Info

EAST PROVIDENCE, RI

LEI: 549300E3A68XVBMBX690

Tax ID: 05-0447801

4.3 stars - out of 5 stars, based on 49 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Shamrock Home Loans is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Shamrock Home Loans 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 include Providence, Boston, Barnstable Town, Worcester, and Raleigh among others. Shamrock Home Loans 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. Shamrock Home Loans is typically an average fee lendor.


Originations

2,371

Origination Dollar Volume (All Markets)

$685,355,000

Awards

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

Relative Rate

Shamrock Home Loans 's average 30 year fixed rate mortgage of loans were 3.12%.

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

This yields a difference of -0.03%.

Relative Fees

Shamrock Home Loans 's average total fees for a 30 year fixed rate mortgage are $5,520.

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
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1,157 $320,085,000 $276,651 $5,381 3.04%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 276 $102,330,000 $370,761 $4,698 3.03%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 220 $73,750,000 $335,227 $5,226 2.98%
WORCESTER, MA-CT (FHA|USDA|VA) 196 $56,380,000 $287,653 $4,644 3.01%
RALEIGH-CARY, NC (FHA|USDA|VA) 55 $15,985,000 $290,636 $5,140 3.14%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 49 $13,955,000 $284,796 $5,473 3.32%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 26 $8,570,000 $329,615 $6,270 3.28%
SPRINGFIELD, MA (FHA|USDA|VA) 33 $7,535,000 $228,333 $4,448 2.98%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 26 $5,920,000 $227,692 $4,775 3.04%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 20 $5,490,000 $274,500 $7,107 3.02%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 19 $5,105,000 $268,684 $5,060 3.26%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 19 $4,775,000 $251,316 $5,501 3.05%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 14 $4,460,000 $318,571 $4,989 3.22%
Outside of Metro Areas 24 $4,150,000 $172,917 $5,637 3.28%
FAYETTEVILLE, NC (FHA|USDA|VA) 19 $3,645,000 $191,842 $5,832 3.22%
Key West, FL (FHA|USDA|VA) 7 $3,425,000 $489,286 $7,391 3.14%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 16 $3,240,000 $202,500 $6,344 3.21%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 9 $3,145,000 $349,444 $4,682 2.87%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 12 $2,960,000 $246,667 $6,060 3.34%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 10 $2,440,000 $244,000 $3,879 3.21%
WINSTON-SALEM, NC (FHA|USDA|VA) 10 $2,430,000 $243,000 $4,233 3.20%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 9 $2,015,000 $223,889 $6,117 3.68%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 7 $1,975,000 $282,143 $7,079 3.25%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,260,000 $315,000 $3,943 3.03%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 6 $1,120,000 $186,667 $5,262 3.33%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $1,020,000 $510,000 $11,681 2.81%
Lebanon, NH-VT (FHA|USDA|VA) 4 $980,000 $245,000 $3,616 3.06%
ASHEVILLE, NC (FHA|USDA|VA) 5 $975,000 $195,000 $4,772 3.13%
Laconia, NH (FHA|USDA|VA) 3 $915,000 $305,000 $4,515 3.08%
PORT ST. LUCIE, FL (FHA|USDA|VA) 4 $880,000 $220,000 $6,886 2.97%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 5 $855,000 $171,000 $3,797 3.30%
PITTSFIELD, MA (FHA|USDA|VA) 4 $840,000 $210,000 $2,983 3.06%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 2 $820,000 $410,000 $4,291 3.19%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $815,000 $271,667 $7,693 2.96%
RICHMOND, VA (FHA|USDA|VA) 3 $795,000 $265,000 $3,835 3.13%
MONROE, LA (FHA|USDA|VA) 5 $755,000 $151,000 $5,984 3.35%
WILMINGTON, NC (FHA|USDA|VA) 3 $735,000 $245,000 $1,936 2.67%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $735,000 $245,000 $6,214 3.54%
BURLINGTON, NC (FHA|USDA|VA) 4 $710,000 $177,500 $4,797 2.97%
Albemarle, NC (FHA|USDA|VA) 2 $710,000 $355,000 $6,750 3.56%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $700,000 $350,000 $4,101 2.94%
Lake City, FL (FHA|USDA|VA) 3 $695,000 $231,667 $5,476 3.46%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $690,000 $345,000 $2,597 2.75%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $680,000 $340,000 $1,673 2.75%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 3 $675,000 $225,000 $6,007 2.96%
GAINESVILLE, FL (FHA|USDA|VA) 3 $615,000 $205,000 $4,657 3.25%
COLUMBIA, SC (FHA|USDA|VA) 2 $580,000 $290,000 $3,776 3.38%
Sanford, NC (FHA|USDA|VA) 2 $570,000 $285,000 $5,054 3.13%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $560,000 $280,000 $6,527 3.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $555,000 $185,000 $3,971 3.21%
Roanoke Rapids, NC (FHA|USDA|VA) 2 $550,000 $275,000 $6,029 3.31%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2 $540,000 $270,000 $2,840 3.06%
ROCKY MOUNT, NC (FHA|USDA|VA) 2 $460,000 $230,000 $4,888 3.38%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $415,000 $415,000 $12,780 3.38%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $415,000 $415,000 $0 3.50%
SPRINGFIELD, IL (FHA|USDA|VA) 2 $410,000 $205,000 $4,699 3.00%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $410,000 $205,000 $3,330 3.25%
BANGOR, ME (FHA|USDA|VA) 2 $400,000 $200,000 $4,797 3.13%
Augusta-Waterville, ME (FHA|USDA|VA) 2 $400,000 $200,000 $6,230 3.50%
Cookeville, TN (FHA|USDA|VA) 2 $380,000 $190,000 $6,808 3.19%
Concord, NH (FHA|USDA|VA) 1 $365,000 $365,000 $3,843 3.13%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $345,000 $345,000 $4,283 2.75%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 2 $330,000 $165,000 $2,613 2.63%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 2 $330,000 $165,000 $2,212 2.56%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $320,000 $160,000 $3,595 3.25%
Torrington, CT (FHA|USDA|VA) 1 $315,000 $315,000 $6,756 2.50%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $285,000 $285,000 $11,212 3.38%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $275,000 $275,000 $7,907 2.75%
Shelby, NC (FHA|USDA|VA) 2 $270,000 $135,000 $5,935 3.06%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $245,000 $245,000 $4,638 2.88%
Laurinburg, NC (FHA|USDA|VA) 1 $235,000 $235,000 $7,712 3.75%
KNOXVILLE, TN (FHA|USDA|VA) 1 $215,000 $215,000 $2,396 2.88%
Crossville, TN (FHA|USDA|VA) 1 $215,000 $215,000 $8,390 2.75%
UTICA-ROME, NY (FHA|USDA|VA) 1 $195,000 $195,000 $7,141 3.00%
Paris, TN (FHA|USDA|VA) 1 $195,000 $195,000 $3,682 3.00%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 2 $180,000 $90,000 $3,315 3.38%
ROME, GA (FHA|USDA|VA) 1 $175,000 $175,000 $6,929 3.63%
GOLDSBORO, NC (FHA|USDA|VA) 2 $170,000 $85,000 $4,857 3.06%
NEW BERN, NC (FHA|USDA|VA) 1 $155,000 $155,000 $5,833 3.00%
SPARTANBURG, SC (FHA|USDA|VA) 1 $145,000 $145,000 $3,366 3.38%
Rockingham, NC (FHA|USDA|VA) 1 $145,000 $145,000 $5,538 3.00%
Danville, VA (FHA|USDA|VA) 1 $145,000 $145,000 $5,897 3.00%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $135,000 $135,000 $3,851 3.13%
KINGSTON, NY (FHA|USDA|VA) 1 $135,000 $135,000 $3,105 3.13%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.38%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $125,000 $125,000 $4,449 3.63%
Georgetown, SC (FHA|USDA|VA) 1 $105,000 $105,000 $6,083 3.13%
GREENVILLE, NC (FHA|USDA|VA) 1 $95,000 $95,000 $4,116 3.50%

Shamrock Home Loans 's top markets include Providence, Boston, Barnstable Town, Worcester, and Raleigh among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,697 $484,735,000 $285,642 $3,817 3.06%
FHA 551 $160,965,000 $292,132 $9,137 3.09%
VA 99 $34,515,000 $348,636 $6,313 2.85%
USDA 24 $5,140,000 $214,167 $6,106 2.99%

For the 2021 period, Shamrock Home Loans 's most frequently originated loan type of loans were Conventional, with 1,697 originations. Their 2nd most popular type is FHA, with 551 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,203 $370,555,000 $308,026 $6,250 3.11%
Refi 662 $173,830,000 $262,583 $3,900 2.88%
Cash Out Refi 506 $140,970,000 $278,597 $4,507 3.17%

For the 2021, Shamrock Home Loans 's most frequently cited loan purpose of loans were Home Purchase, with 1,203 originations. The 2nd most popular reason of loans were Refi, with 662 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 2,050 $611,500,000 $298,293 $5,520 3.12%
15 Year 187 $40,055,000 $214,198 $3,088 2.49%
20 Year 73 $19,465,000 $266,644 $3,727 2.88%
Other 49 $12,425,000 $253,571 $3,427 3.04%
10 Year 12 $1,910,000 $159,167 $3,069 2.53%

For the 2021, Shamrock Home Loans 's most frequently cited loan length of loans were 30 Year, with 2,050 originations. The 2nd most popular length of loans were 15 Year, with 187 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 1,582 $454,800,000 $287,484
$<1k 442 $134,780,000 $304,932
$3k-4k 147 $41,385,000 $281,531
$2k-3k 90 $21,410,000 $237,889
$5k+ 50 $18,700,000 $374,000

$5,520 of loans were Shamrock Home Loans 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,582 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 1,078 $310,740,000 $288,256
2.5-3% 1,019 $301,855,000 $296,227
<2.5% 235 $63,365,000 $269,638
4-5% 38 $9,070,000 $238,684
7-8% 1 $325,000 $325,000

During 2021, Shamrock Home Loans 's average interest rate of loans were 3.12%, while their most frequently originated rate bucket of loans were 3-4%, with 1,078 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,501 $430,875,000 $287,059 $5,427 3.07%
$100k-200k 459 $73,095,000 $159,248 $3,940 3.09%
$400k-600k 345 $161,585,000 $468,362 $6,096 3.01%
$100,000 or less 41 $2,565,000 $62,561 $2,515 2.64%
$600k-1MM 23 $15,015,000 $652,826 $7,467 3.33%
$1MM+ 2 $2,220,000 $1,110,000 $4,533 3.38%

2021 saw Shamrock Home Loans place emphasis on $200k-400k loans with 1,501 originations, totaling $430,875,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 708 $179,950,000 $254,167 $5,534 3.08%
$75k-100k 513 $150,905,000 $294,162 $5,395 3.08%
$100k-150k 512 $170,920,000 $333,828 $5,120 3.07%
$50k or less 356 $74,290,000 $208,680 $5,216 3.00%
$150k-250k 214 $80,410,000 $375,748 $4,371 3.06%
$250k+ 67 $28,615,000 $427,090 $3,587 2.95%

Shamrock Home Loans lent most frequently to those with incomes in the $50k-75k range, with 708 originations. The second most popular income band? $75k-100k, with 513 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 390 $113,200,000 $290,256 $4,387 3.03%
20-30% 323 $89,495,000 $277,074 $3,906 3.04%
50-60% 214 $65,820,000 $307,570 $8,879 3.10%
<20% 142 $38,860,000 $273,662 $4,441 2.73%
44% 136 $39,160,000 $287,941 $4,976 3.12%
41% 132 $39,110,000 $296,288 $5,309 3.08%
42% 114 $34,740,000 $304,737 $5,254 3.10%
49% 112 $31,530,000 $281,518 $6,149 3.11%
43% 97 $27,815,000 $286,753 $5,537 3.11%
40% 89 $25,835,000 $290,281 $4,333 3.07%
38% 84 $25,120,000 $299,048 $5,235 3.07%
39% 83 $24,045,000 $289,699 $5,134 3.11%
48% 78 $22,950,000 $294,231 $5,804 3.09%
37% 78 $22,640,000 $290,256 $4,800 3.12%
36% 78 $21,690,000 $278,077 $4,173 3.11%
47% 76 $21,320,000 $280,526 $6,269 3.09%
46% 73 $21,885,000 $299,795 $5,459 3.10%
45% 70 $19,410,000 $277,286 $4,924 3.12%
>60% 2 $730,000 $365,000 $8,829 2.75%

Shamrock Home Loans lent most frequently to those with DTI ratios of 30-36%, with 390 originations. The next most common DTI ratio? 20-30%, with 323 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,432 $413,510,000 $288,764 $5,107 3.05%
Not provided 713 $206,515,000 $289,642 $5,133 3.04%
Black 165 $44,975,000 $272,576 $6,520 3.20%
Asian 48 $16,370,000 $341,042 $5,121 3.09%
Asian Indian 3 $1,145,000 $381,667 $3,483 3.04%
Chinese 3 $955,000 $318,333 $4,711 2.83%
Native Hawaiian 2 $780,000 $390,000 $9,063 2.88%
American Indian 2 $600,000 $300,000 $8,358 2.81%
Other Asian 2 $300,000 $150,000 $1,584 3.06%
Vietnamese 1 $205,000 $205,000 $3,325 3.75%

Approval Rates

Total approvals of all applications
95.78%

Shamrock Home Loans 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
85.36%

Shamrock Home Loans has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 2,371 $685,355,000 $289,057

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
2,371 $685,355,000 $289,057

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 71 $11,905,000 $167,676 $3,063 2.84%
40-60% 287 $69,255,000 $241,307 $3,524 2.92%
60-80% 788 $228,030,000 $289,378 $3,934 3.12%
80-100% 1,114 $346,620,000 $311,149 $6,563 3.11%
Over 100% 20 $7,170,000 $358,500 $11,304 3.12%
Under 20% 16 $480,000 $30,000 $548 1.83%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Synergy One Lending, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
Synergy One Lending, Inc. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%