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

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

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Mortgage Data

  • SimulatedRates™
  • Review & 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 by origination volume include: Providence, Boston, Barnstable Town, Worcester, and Raleigh among others. We have data for 88 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 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 6.95% 11/26/22
    30 Year Conventional Refi 6.83% 11/26/22
    30 Year Cash-out Refi 7.04% 11/26/22
    30 Year FHA Purchase 7.79% 11/26/22
    30 Year FHA Refi 7.38% 11/26/22
    30 Year VA Purchase 6.74% 11/26/22
    30 Year VA Refi 6.33% 11/26/22
    30 Year USDA Purchase 7.13% 11/26/22
    30 Year USDA Refi 6.99% 11/26/22
    15 Year Conventional Purchase 6.15% 11/26/22
    15 Year Conventional Refi 6.18% 11/26/22
    15 Year Cash-out Refi 6.18% 11/26/22
    15 Year FHA Refi 5.90% 11/26/22
    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.


    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 mortgage rate was 3.12%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.03%.

    Relative Fees (Closing Costs)

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

    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 $4,750.

    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) 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.

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

    SOMERSET
    Similarity Rank: 87
    INFINITY Federal Credit Union
    Similarity Rank: 136
    Homestar Mortgage, Inc.
    Similarity Rank: 156
    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 167
    POLISH NATIONAL
    Similarity Rank: 192
    CASCO
    Similarity Rank: 226
    Freedom Credit Union
    Similarity Rank: 266
    Emory Alliance Credit Union
    Similarity Rank: 305
    GREATER SPRINGFIELD CREDIT UNION
    Similarity Rank: 336

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Shamrock Home Loans's most frequently originated type of loan was Conventional, with 1,697 originations. Their 2nd most popular type was FHA, with 551 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Shamrock Home Loans's most frequently cited loan purpose was Home Purchase, with 1,203 originations. The 2nd most popular reason was 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 2021, Shamrock Home Loans's most frequently cited loan duration was 30 Year, with 2,050 originations. The 2nd most popular length was 15 Year, with 187 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,582 $454,800,000 $287,484
    $<1k 442 $134,780,000 $304,932
    $2k-3k 90 $21,410,000 $237,889
    $3k-4k 79 $21,985,000 $278,291
    $4k-5k 68 $19,400,000 $285,294
    $5k+ 50 $18,700,000 $374,000

    Shamrock Home Loans's average total fees were $5,520, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.12%, while their most frequently originated rate bucket for loans was 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 or Islander 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
    94.76%

    Shamrock Home Loans has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.38%

    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%