Shelter Lending Services at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
97th0.0% deniedPricingmedian rate spread over APOR, weight 30%
60th0.19 ptsProcesswithdrawn + incomplete share, weight 15%
10th25.2%Closing coststotal loan costs ÷ loan amount, weight 10%
83rd1.06% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 159 | 102 | 3.8% | 5.6% | 6.75% | $41M |
| 2024 | 171 | 115 | 4.1% | 5.7% | 6.99% | $49M |
| 2025 | 151 | 113 | 0.0% | 0.0% | 6.63% | $55M |
What Shelter Lending Services lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 12 investment properties.
Who gets approved at Shelter Lending Services
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 29 | 19 | 0.0% |
| $100k – $150k | 36 | 30 | 0.0% |
| $150k – $250k | 30 | 25 | 0.0% |
| Over $250k | 44 | 33 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 40 | 29 | 0.0% |
| 35–44 | 39 | 32 | 0.0% |
| 45–54 | 21 | 15 | 0.0% |
| 55–64 | 27 | 22 | 0.0% |
Where Shelter Lending Services lends
2 states and 22 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Tennessee | 129 | 97 | 0.0% | 6.63% | #282 |
| South Carolina | 22 | 16 | 0.0% | 7.25% | #430 |
Frequently asked questions
Shelter Lending Services denied 0.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 97th percentile of small mortgage lenders.
The median interest rate on loans Shelter Lending Services originated in 2025 was 6.63%, and its median rate spread over the average prime offer rate was 0.19 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 80% of its applications were for home purchases, 20% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 94% conventional, 0% FHA, 6% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.