Self-help Federal Credit Union Mortgage Rates, Fees & Info
Durham, NCLEI: 549300UHEEV73TKCZY62
Tax ID: 26-3016612
Latest/2022 | 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, Stockton, Sacramento, Visalia, and Fresno among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)Self-help Federal Credit Union 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. 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% | 12/4/23 |
| 30 Year Conventional Refi | 8.15% | 12/4/23 |
| 30 Year Cash-out Refi | 6.27% | 12/4/23 |
| 15 Year Conventional Purchase | 7.88% | 12/4/23 |
| 15 Year Conventional Refi | 7.75% | 12/4/23 |
| 15 Year Cash-out Refi | 7.75% | 12/4/23 |
| 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. | ||
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
564Origination Dollar Volume (All Markets)
$121,780,000Relative Rate
Self-help Federal Credit Union's average 30 year fixed mortgage rate was
6.69%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 1.93%.
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) | 366 | $68,950,000 | $188,388 | $0 | 6.76% |
| STOCKTON, CA (FHA|USDA|VA) | 23 | $7,055,000 | $306,739 | $0 | 6.48% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 21 | $6,805,000 | $324,048 | $0 | 6.13% |
| VISALIA, CA (FHA|USDA|VA) | 22 | $4,740,000 | $215,455 | $0 | 6.82% |
| FRESNO, CA (FHA|USDA|VA) | 19 | $4,605,000 | $242,368 | $0 | 6.38% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 16 | $3,680,000 | $230,000 | $0 | 5.98% |
| MERCED, CA (FHA|USDA|VA) | 11 | $3,405,000 | $309,545 | $0 | 6.39% |
| MODESTO, CA (FHA|USDA|VA) | 10 | $3,250,000 | $325,000 | $0 | 6.48% |
| YAKIMA, WA (FHA|USDA|VA) | 16 | $3,220,000 | $201,250 | $0 | 6.52% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 10 | $3,030,000 | $303,000 | $0 | 6.24% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 5 | $2,635,000 | $527,000 | $0 | 5.80% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 7 | $1,525,000 | $217,857 | $0 | 7.04% |
| MADERA, CA (FHA|USDA|VA) | 5 | $1,335,000 | $267,000 | $0 | 6.18% |
| YUBA CITY, CA (FHA|USDA|VA) | 5 | $1,055,000 | $211,000 | $0 | 6.28% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $0 | 6.96% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $0 | 7.06% |
| ROCKFORD, IL (FHA|USDA|VA) | 6 | $880,000 | $146,667 | $0 | 6.85% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $0 | 6.22% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 5 | $655,000 | $131,000 | $0 | 7.45% |
| Moses Lake, WA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $0 | 5.50% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 6.38% |
| NAPA, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 8.63% |
| CHICO, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 7.38% |
| Outside of Metro Areas | 1 | $215,000 | $215,000 | $0 | 8.38% |
| RACINE, WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 5.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.88% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 564 | $121,780,000 | $215,922 | $0 | 6.66% |
For 2022, Self-help Federal Credit Union's most frequently originated type of loan was Conventional, with 564 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 557 | $120,835,000 | $216,939 | $0 | 6.66% |
| Other | 4 | $610,000 | $152,500 | $0 | 6.46% |
| Refi | 3 | $335,000 | $111,667 | $0 | 6.28% |
For 2022, Self-help Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 557 originations. The 2nd most popular reason was Other, with 4 originations.
Loan Duration/Length
For 2022, Self-help Federal Credit Union's most frequently cited loan duration was 30 Year, with 547 originations. The 2nd most popular length was 15 Year, with 10 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 222 originations.
Interest Rates
During 2022, Self-help Federal Credit Union's average interest rate for loans was 6.69%, while their most frequently originated rate bucket for loans was 7-8%, with 161 originations.
Loan Sizing
2022 saw Self-help Federal Credit Union place emphasis on $200k-400k loans with 283 originations, totaling $73,525,000 in origination value.
Applicant Income
Self-help Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 254 originations. The second most popular income band? $75k-100k, with 129 originations.
Applicant Debt to Income Ratio
Self-help Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 133 originations. The next most common DTI ratio? 20-30%, with 73 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.92%
Self-help Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination85.11%
Self-help Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 564 | $121,780,000 | $215,922 |