Self-help Federal Credit Union Mortgage Rates, Fees & Info
Durham, NCLEI: 549300UHEEV73TKCZY62
Tax ID: 26-3016612
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Self-help Federal Credit Union is a smaller credit union specializing in Home Purchase loans. Self-help Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Modesto, Stockton, Visalia, and Sacramento among others. We have data for 30 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.
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 | 8.53% | 11/17/24 |
| 30 Year Conventional Refi | 8.15% | 11/17/24 |
| 30 Year Cash-out Refi | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 7.88% | 11/17/24 |
| 15 Year Conventional Refi | 7.75% | 11/17/24 |
| 15 Year Cash-out Refi | 7.75% | 11/17/24 |
| 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. | ||
Self-help Federal Credit Union Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Self-help Federal Credit Union. 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
405Origination Dollar Volume (All Markets)
$94,955,000Relative Rate
Self-help Federal Credit Union's average 30 year fixed mortgage rate was
8.54%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 2.06%.
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) | 215 | $44,635,000 | $207,605 | $0 | 8.57% |
| MODESTO, CA (FHA|USDA|VA) | 16 | $5,560,000 | $347,500 | $0 | 8.42% |
| STOCKTON, CA (FHA|USDA|VA) | 16 | $5,510,000 | $344,375 | $0 | 8.45% |
| VISALIA, CA (FHA|USDA|VA) | 25 | $5,375,000 | $215,000 | $0 | 8.51% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 14 | $4,470,000 | $319,286 | $0 | 8.10% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 19 | $4,325,000 | $227,632 | $0 | 8.36% |
| FRESNO, CA (FHA|USDA|VA) | 17 | $4,005,000 | $235,588 | $0 | 8.57% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 7 | $2,615,000 | $373,571 | $0 | 8.75% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 14 | $2,490,000 | $177,857 | $0 | 8.10% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 8 | $2,140,000 | $267,500 | $0 | 8.97% |
| MERCED, CA (FHA|USDA|VA) | 5 | $1,485,000 | $297,000 | $0 | 8.90% |
| VALLEJO, CA (FHA|USDA|VA) | 4 | $1,440,000 | $360,000 | $0 | 8.16% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $1,250,000 | $312,500 | $0 | 7.94% |
| YAKIMA, WA (FHA|USDA|VA) | 6 | $1,180,000 | $196,667 | $0 | 8.58% |
| CHICO, CA (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $0 | 8.69% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $0 | 8.25% |
| Clearlake, CA (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $0 | 8.67% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 4 | $720,000 | $180,000 | $0 | 8.28% |
| Outside of Metro Areas | 2 | $610,000 | $305,000 | $0 | 7.94% |
| ROCKFORD, IL (FHA|USDA|VA) | 4 | $570,000 | $142,500 | $0 | 9.59% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 8.13% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 7.75% |
| MADERA, CA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $0 | 8.31% |
| Moses Lake, WA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 8.44% |
| RACINE, WI (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $0 | 9.59% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 8.88% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 9.75% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 9.13% |
| WALLA WALLA, WA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 8.19% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 8.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 405 | $94,955,000 | $234,457 | $0 | 8.53% |
For 2023, Self-help Federal Credit Union's most frequently originated type of loan was Conventional, with 405 originations.
Loan Reason
For 2023, Self-help Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 396 originations. The 2nd most popular reason was Refi, with 4 originations.
Loan Duration/Length
For 2023, Self-help Federal Credit Union's most frequently cited loan duration was 30 Year, with 400 originations. The 2nd most popular length was 10 Year, with 2 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 $2k-3k bucket, with 147 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 301 | $71,155,000 | $236,395 |
| 7-8% | 89 | $20,645,000 | $231,966 |
| 6-7% | 15 | $3,155,000 | $210,333 |
During 2023, Self-help Federal Credit Union's average interest rate for loans was 8.54%, while their most frequently originated rate bucket for loans was Over 8%, with 301 originations.
Loan Sizing
2023 saw Self-help Federal Credit Union place emphasis on $200k-400k loans with 246 originations, totaling $65,260,000 in origination value.
Applicant Income
Self-help Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 158 originations. The second most popular income band? $75k-100k, with 121 originations.
Applicant Debt to Income Ratio
Self-help Federal Credit Union lent most frequently to those with DTI ratios of 46%, with 53 originations. The next most common DTI ratio? 47%, with 52 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.50%
Self-help Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination83.21%
Self-help Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 405 | $94,955,000 | $234,457 |