Shamrock Home Loans Mortgage Rates, Fees & Info
EAST PROVIDENCE, RILEI: 549300E3A68XVBMBX690
Tax ID: 05-0447801
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Mortgage Data
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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,371Origination Dollar Volume (All Markets)
$685,355,000Awards
Shamrock Home Loans - 2021
Shamrock Home Loans is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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% |
Their top states include:
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Product Mix
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
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
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
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
2021 saw Shamrock Home Loans place emphasis on $200k-400k loans with 1,501 originations, totaling $430,875,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications94.76%
Shamrock Home Loans has an average approval rate.
Pick Rate
Approvals leading to origination86.38%
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 |
LTV Distribution
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% |