Shamrock Home Loans Mortgage Rates, Fees & Info

EAST PROVIDENCE, RI

LEI: 549300E3A68XVBMBX690

Tax ID: 05-0447801

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
  • Complaints
  • 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

    Shamrock Home Loans is a smaller mortgage company specializing in Home Purchase and Refi 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. Their top markets by origination volume include: Providence, Boston, Barnstable Town, Worcester, and Springfield among others. We have data for 21 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 6.68% 4/21/24
    30 Year Conventional Refi 6.67% 4/21/24
    30 Year Cash-out Refi 6.82% 4/21/24
    30 Year FHA Purchase 7.44% 4/21/24
    30 Year FHA Refi 7.50% 4/21/24
    30 Year VA Purchase 6.51% 4/21/24
    30 Year VA Refi 6.15% 4/21/24
    30 Year USDA Purchase 6.86% 4/21/24
    15 Year Conventional Purchase 4.24% 4/21/24
    15 Year Conventional Refi 6.15% 4/21/24
    15 Year Cash-out Refi 6.15% 4/21/24
    15 Year FHA Purchase 5.68% 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.

    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

    1,213

    Origination Dollar Volume (All Markets)

    $313,105,000
    Show all (7) 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
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 775 $189,315,000 $244,277 $5,564 4.25%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 154 $50,600,000 $328,571 $5,215 4.13%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 101 $30,085,000 $297,871 $5,066 4.12%
    WORCESTER, MA-CT (FHA|USDA|VA) 115 $28,565,000 $248,391 $5,113 4.16%
    SPRINGFIELD, MA (FHA|USDA|VA) 28 $5,460,000 $195,000 $5,534 4.08%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 13 $2,575,000 $198,077 $4,836 4.20%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 9 $1,635,000 $181,667 $3,939 3.90%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 4 $1,070,000 $267,500 $4,482 4.56%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $575,000 $575,000 $3,603 4.38%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $455,000 $455,000 $4,930 4.00%
    Laconia, NH (FHA|USDA|VA) 1 $405,000 $405,000 $3,097 3.88%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $405,000 $405,000 $2,330 3.25%
    Outside of Metro Areas 1 $355,000 $355,000 $6,296 3.38%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $350,000 $175,000 $3,025 4.31%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $235,000 $235,000 $3,593 4.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $225,000 $225,000 $8,321 5.25%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $225,000 $225,000 $4,015 6.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $185,000 $185,000 $4,060 5.00%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $145,000 $145,000 $6,208 4.63%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $145,000 $145,000 $6,170 4.63%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $95,000 $95,000 $4,503 5.63%
    Shamrock Home Loans's top markets include Providence, Boston, Barnstable Town, Worcester, and Springfield among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • New Hampshire (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: 26
    POLISH NATIONAL
    Similarity Rank: 48
    SOUTHBRIDGE CREDIT UNION
    Similarity Rank: 80
    Florence Bank
    Similarity Rank: 96
    Rhode Island Credit Union
    Similarity Rank: 116
    CASCO
    Similarity Rank: 126
    HOLYOKE
    Similarity Rank: 132
    First Ipswich Bank
    Similarity Rank: 139
    Maine Savings Federal Credit Union
    Similarity Rank: 161
    LUSO
    Similarity Rank: 164

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 665 $172,955,000 $260,083 $3,828 4.20%
    FHA 489 $122,275,000 $250,051 $7,565 4.28%
    VA 51 $15,915,000 $312,059 $5,034 3.78%
    USDA 8 $1,960,000 $245,000 $5,862 4.00%

    For 2019, Shamrock Home Loans's most frequently originated type of loan was Conventional, with 665 originations. Their 2nd most popular type was FHA, with 489 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 762 $195,260,000 $256,247 $5,889 4.34%
    Refi 344 $91,110,000 $264,855 $4,518 3.88%
    Cash Out Refi 107 $26,735,000 $249,860 $4,735 4.31%

    For 2019, Shamrock Home Loans's most frequently cited loan purpose was Home Purchase, with 762 originations. The 2nd most popular reason was Refi, with 344 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,145 $296,485,000 $258,939 $5,529 4.24%
    15 Year 31 $7,065,000 $227,903 $2,927 3.54%
    20 Year 31 $7,695,000 $248,226 $3,363 3.89%
    Other 6 $1,860,000 $310,000 $3,942 4.04%

    For 2019, Shamrock Home Loans's most frequently cited loan duration was 30 Year, with 1,145 originations. The 2nd most popular length was 15 Year, with 31 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 831 $208,145,000 $250,475
    $<1k 306 $86,100,000 $281,373
    $2k-3k 35 $7,835,000 $223,857
    $3k-4k 22 $5,290,000 $240,455
    $5k+ 9 $3,405,000 $378,333
    $4k-5k 7 $1,775,000 $253,571

    Shamrock Home Loans's average total fees were $5,529, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 831 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 581 $160,355,000 $275,998
    4-5% 536 $133,110,000 $248,340
    5-6% 90 $18,070,000 $200,778
    2.5-3% 4 $1,100,000 $275,000
    6-7% 2 $470,000 $235,000

    During 2019, Shamrock Home Loans's average interest rate for loans was 4.24%, while their most frequently originated rate bucket for loans was 3-4%, with 581 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 790 $217,170,000 $274,899 $5,746 4.17%
    $100k-200k 315 $53,025,000 $168,333 $4,451 4.36%
    $400k-600k 89 $40,325,000 $453,090 $6,030 3.95%
    $100,000 or less 17 $1,345,000 $79,118 $3,475 4.73%
    $600k-1MM 2 $1,240,000 $620,000 $4,725 4.00%

    2019 saw Shamrock Home Loans place emphasis on $200k-400k loans with 790 originations, totaling $217,170,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 381 $89,545,000 $235,026 $5,845 4.30%
    $50k or less 297 $65,115,000 $219,242 $5,247 4.14%
    $75k-100k 248 $65,670,000 $264,798 $5,489 4.23%
    $100k-150k 185 $56,945,000 $307,811 $5,148 4.20%
    $150k-250k 86 $30,380,000 $353,256 $4,565 4.09%
    $250k+ 16 $5,450,000 $340,625 $3,534 3.95%

    Shamrock Home Loans lent most frequently to those with incomes in the $50k-75k range, with 381 originations. The second most popular income band? $50k or less, with 297 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 183 $45,445,000 $248,333 $8,060 4.44%
    <20% 165 $44,065,000 $267,061 $5,189 3.85%
    30-36% 145 $37,335,000 $257,483 $4,621 4.21%
    20-30% 105 $27,315,000 $260,143 $3,963 4.04%
    44% 69 $17,905,000 $259,493 $4,616 4.31%
    49% 64 $15,290,000 $238,906 $5,008 4.36%
    45% 54 $13,790,000 $255,370 $4,997 4.34%
    43% 53 $13,605,000 $256,698 $4,648 4.20%
    41% 47 $13,685,000 $291,170 $5,398 4.06%
    36% 41 $10,665,000 $260,122 $4,603 4.06%
    42% 40 $11,000,000 $275,000 $6,100 4.22%
    48% 40 $10,180,000 $254,500 $6,017 4.42%
    39% 38 $10,010,000 $263,421 $4,973 4.32%
    40% 36 $8,970,000 $249,167 $4,801 4.26%
    38% 36 $8,540,000 $237,222 $4,619 4.29%
    47% 35 $9,285,000 $265,286 $5,871 4.31%
    46% 34 $8,800,000 $258,824 $5,574 4.33%
    37% 27 $6,995,000 $259,074 $4,502 4.25%
    >60% 1 $225,000 $225,000 $2,000 3.63%

    Shamrock Home Loans lent most frequently to those with DTI ratios of 50-60%, with 183 originations. The next most common DTI ratio? <20%, with 165 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 725 $188,945,000 $260,614 $5,342 4.26%
    Not provided 435 $111,835,000 $257,092 $5,419 4.11%
    Black 41 $9,785,000 $238,659 $6,270 4.32%
    Asian 9 $1,895,000 $210,556 $5,127 4.44%
    Native Hawaiian or Islander 3 $645,000 $215,000 $5,074 5.17%

    Approval Rates

    Total approvals of all applications
    96.54%

    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
    78.07%

    Shamrock Home Loans has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,213 $313,105,000 $258,124

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,213 $313,105,000 $258,124

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $1,720,000 $122,857 $3,153 4.17%
    40-60% 46 $9,860,000 $214,348 $3,166 3.99%
    60-80% 251 $66,625,000 $265,438 $3,765 4.19%
    80-100% 885 $229,755,000 $259,610 $5,960 4.23%
    Over 100% 17 $5,145,000 $302,647 $8,125 4.02%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    SYNERGY ONE LENDING, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 37.5%
    SYNERGY ONE LENDING, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 25.0%
    SYNERGY ONE LENDING, INC. FHA mortgage Closing on a mortgage 3 37.5%