Self-help Federal Credit Union Mortgage Rates, Fees & Info
Durham, NCLEI: 549300UHEEV73TKCZY62
Tax ID: 26-3016612
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Self-help Federal Credit Union is a smaller credit union specializing in loans. Self-help Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Stockton, Sacramento, Modesto, and Bakersfield among others. We have data for 31 markets. (Some data included below & more in-depth data is available with an active subscription.)Self-help Federal Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. They typically have relatively high 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 | 8.35% | 3/19/23 |
| 30 Year Conventional Refi | 7.99% | 3/19/23 |
| 30 Year Cash-out Refi | 7.06% | 3/19/23 |
| 15 Year Conventional Purchase | 7.61% | 3/19/23 |
| 15 Year Conventional Refi | 6.38% | 3/19/23 |
| 15 Year Cash-out Refi | 6.38% | 3/19/23 |
| 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
878Origination Dollar Volume (All Markets)
$192,560,000Relative Rate
Self-help Federal Credit Union's average 30 year fixed mortgage rate was
4.84%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of 1.69%.
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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 492 | $89,210,000 | $181,321 | $0 | 4.93% |
| STOCKTON, CA (FHA|USDA|VA) | 42 | $13,630,000 | $324,524 | $0 | 4.57% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 35 | $11,125,000 | $317,857 | $0 | 4.61% |
| MODESTO, CA (FHA|USDA|VA) | 33 | $10,525,000 | $318,939 | $0 | 4.71% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 42 | $8,130,000 | $193,571 | $0 | 4.69% |
| MERCED, CA (FHA|USDA|VA) | 27 | $7,825,000 | $289,815 | $0 | 4.66% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 16 | $7,110,000 | $444,375 | $0 | 4.52% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 21 | $6,105,000 | $290,714 | $0 | 4.85% |
| VISALIA, CA (FHA|USDA|VA) | 31 | $5,935,000 | $191,452 | $0 | 4.88% |
| FRESNO, CA (FHA|USDA|VA) | 27 | $5,375,000 | $199,074 | $0 | 4.65% |
| YAKIMA, WA (FHA|USDA|VA) | 26 | $5,080,000 | $195,385 | $0 | 4.81% |
| VALLEJO, CA (FHA|USDA|VA) | 11 | $4,265,000 | $387,727 | $0 | 4.32% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 9 | $3,445,000 | $382,778 | $0 | 4.58% |
| MADERA, CA (FHA|USDA|VA) | 8 | $1,970,000 | $246,250 | $0 | 4.70% |
| YUBA CITY, CA (FHA|USDA|VA) | 6 | $1,770,000 | $295,000 | $0 | 4.94% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 11 | $1,495,000 | $135,909 | $0 | 4.60% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 3 | $1,395,000 | $465,000 | $0 | 4.38% |
| ROCKFORD, IL (FHA|USDA|VA) | 10 | $1,380,000 | $138,000 | $0 | 4.95% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 6 | $1,120,000 | $186,667 | $0 | 4.65% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 4 | $1,100,000 | $275,000 | $0 | 4.59% |
| CHICO, CA (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $0 | 4.81% |
| Clearlake, CA (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $0 | 4.63% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 4.25% |
| Outside of Metro Areas | 1 | $565,000 | $565,000 | $0 | 4.96% |
| RACINE, WI (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $0 | 4.88% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 4.75% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 5.88% |
| NAPA, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 4.63% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 4.75% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.63% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 5.63% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 878 | $192,560,000 | $219,317 | $0 | 4.82% |
For 2021, Self-help Federal Credit Union's most frequently originated type of loan was Conventional, with 878 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 861 | $189,465,000 | $220,052 | $0 | 4.83% |
| Refi | 9 | $1,245,000 | $138,333 | $0 | 4.51% |
| Other | 8 | $1,850,000 | $231,250 | $0 | 4.59% |
For 2021, Self-help Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 861 originations. The 2nd most popular reason was Refi, with 9 originations.
Loan Duration/Length
For 2021, Self-help Federal Credit Union's most frequently cited loan duration was 30 Year, with 853 originations. The 2nd most popular length was 15 Year, with 15 originations.
Origination Fees/Closing Costs
Self-help Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 347 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 657 | $148,115,000 | $225,441 |
| 5-6% | 144 | $29,840,000 | $207,222 |
| 3-4% | 46 | $9,270,000 | $201,522 |
| 6-7% | 30 | $5,260,000 | $175,333 |
| 2.5-3% | 1 | $75,000 | $75,000 |
During 2021, Self-help Federal Credit Union's average interest rate for loans was 4.84%, while their most frequently originated rate bucket for loans was 4-5%, with 657 originations.
Loan Sizing
2021 saw Self-help Federal Credit Union place emphasis on $200k-400k loans with 409 originations, totaling $108,105,000 in origination value.
Applicant Income
Self-help Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 361 originations. The second most popular income band? $50k or less, with 270 originations.
Applicant Debt to Income Ratio
Self-help Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 224 originations. The next most common DTI ratio? 20-30%, with 153 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.17%
Self-help Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination83.49%
Self-help Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 878 | $192,560,000 | $219,317 |