Self-help Federal Credit Union Mortgage Rates, Fees & Info
Durham, NCLEI: 549300UHEEV73TKCZY62
Tax ID: 26-3016612
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 8.53% | 4/18/24 |
| 30 Year Conventional Refi | 8.15% | 4/18/24 |
| 30 Year Cash-out Refi | 6.27% | 4/18/24 |
| 15 Year Conventional Purchase | 7.88% | 4/18/24 |
| 15 Year Conventional Refi | 7.75% | 4/18/24 |
| 15 Year Cash-out Refi | 7.75% | 4/18/24 |
| 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
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This is not an official calculator from Self-help Federal Credit Union. It uses our SimulatedRate™
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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 |