Self-help Federal Credit Union Mortgage Rates, Fees & Info

Durham, NC

LEI: 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, Sacramento, Bakersfield, and Stockton among others. We have data for 25 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. Self-help Federal Credit Union is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) 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% 12/16/24
30 Year Conventional Refi 8.15% 12/16/24
30 Year Cash-out Refi 6.27% 12/16/24
15 Year Conventional Purchase 7.88% 12/16/24
15 Year Conventional Refi 7.75% 12/16/24
15 Year Cash-out Refi 7.75% 12/16/24
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

693

Origination Dollar Volume (All Markets)

$110,295,000

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) 420 $59,370,000 $141,357 $0 5.85%
MODESTO, CA (FHA|USDA|VA) 41 $8,645,000 $210,854 $7,711 5.35%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 36 $7,600,000 $211,111 $9,644 5.67%
BAKERSFIELD, CA (FHA|USDA|VA) 39 $4,925,000 $126,282 $5,654 5.65%
STOCKTON, CA (FHA|USDA|VA) 21 $4,865,000 $231,667 $0 5.49%
MERCED, CA (FHA|USDA|VA) 21 $4,545,000 $216,429 $4,445 5.71%
FRESNO, CA (FHA|USDA|VA) 26 $4,020,000 $154,615 $5,983 6.08%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 11 $2,875,000 $261,364 $5,655 5.26%
VISALIA, CA (FHA|USDA|VA) 21 $2,785,000 $132,619 $0 5.67%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 11 $2,085,000 $189,545 $0 5.61%
MADERA, CA (FHA|USDA|VA) 9 $1,425,000 $158,333 $0 5.76%
VALLEJO, CA (FHA|USDA|VA) 5 $1,325,000 $265,000 $0 5.63%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 8 $1,110,000 $138,750 $0 6.17%
YUBA CITY, CA (FHA|USDA|VA) 6 $1,040,000 $173,333 $8,643 5.71%
SALINAS, CA (FHA|USDA|VA) 3 $705,000 $235,000 $0 5.25%
Outside of Metro Areas 3 $595,000 $198,333 $0 5.04%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $565,000 $188,333 $0 5.63%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $395,000 $395,000 $0 6.63%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $345,000 $345,000 $0 3.88%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $335,000 $335,000 $0 7.38%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $270,000 $135,000 $0 5.44%
CHICO, CA (FHA|USDA|VA) 1 $145,000 $145,000 $6,988 4.50%
EL CENTRO, CA (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.63%
Red Bluff, CA (FHA|USDA|VA) 1 $115,000 $115,000 $5,492 5.75%
NAPA, CA (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.00%
Self-help Federal Credit Union's top markets include Chicago, Modesto, Sacramento, Bakersfield, and Stockton among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 693 $110,295,000 $159,156 $7,011 5.76%

    For 2018, Self-help Federal Credit Union's most frequently originated type of loan was Conventional, with 693 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 632 $101,990,000 $161,377 $7,515 5.84%
    Refi 41 $5,885,000 $143,537 $4,240 4.87%
    Other 20 $2,420,000 $121,000 $0 5.01%

    For 2018, Self-help Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 632 originations. The 2nd most popular reason was Refi, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 630 $102,490,000 $162,683 $6,802 5.84%
    15 Year 39 $4,405,000 $112,949 $14,642 5.00%
    20 Year 12 $1,750,000 $145,833 $0 4.90%
    10 Year 6 $720,000 $120,000 $0 5.13%
    Other 5 $775,000 $155,000 $4,240 5.08%
    5 Year 1 $155,000 $155,000 $0 6.73%

    For 2018, Self-help Federal Credit Union's most frequently cited loan duration was 30 Year, with 630 originations. The 2nd most popular length was 15 Year, with 39 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 149 $21,515,000 $144,396
    $2k-3k 53 $10,565,000 $199,340
    $5k+ 41 $9,765,000 $238,171
    $<1k 34 $2,700,000 $79,412
    $4k-5k 22 $3,340,000 $151,818
    $3k-4k 21 $3,805,000 $181,190

    Self-help Federal Credit Union's average total fees were $6,802, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 149 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 375 $60,665,000 $161,773
    6-7% 176 $27,180,000 $154,432
    4-5% 103 $16,425,000 $159,466
    7-8% 31 $5,115,000 $165,000
    3-4% 8 $910,000 $113,750

    During 2018, Self-help Federal Credit Union's average interest rate for loans was 5.84%, while their most frequently originated rate bucket for loans was 5-6%, with 375 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 436 $63,600,000 $145,872 $6,101 5.77%
    $200k-400k 149 $36,945,000 $247,953 $7,053 5.78%
    $100,000 or less 105 $8,535,000 $81,286 $4,624 5.72%
    $400k-600k 3 $1,215,000 $405,000 $14,642 5.00%

    2018 saw Self-help Federal Credit Union place emphasis on $100k-200k loans with 436 originations, totaling $63,600,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 300 $37,520,000 $125,067 $6,463 5.76%
    $50k-75k 282 $47,610,000 $168,830 $6,303 5.75%
    $75k-100k 87 $19,045,000 $218,908 $6,686 5.78%
    $100k-150k 18 $4,240,000 $235,556 $0 5.84%
    $150k-250k 3 $1,195,000 $398,333 $14,642 5.08%

    Self-help Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 300 originations. The second most popular income band? $50k-75k, with 282 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 194 $30,770,000 $158,608 $6,402 5.80%
    20-30% 131 $20,255,000 $154,618 $11,176 5.69%
    40% 71 $11,315,000 $159,366 $0 5.82%
    41% 57 $8,695,000 $152,544 $6,909 5.73%
    38% 52 $9,140,000 $175,769 $5,421 5.72%
    39% 49 $7,815,000 $159,490 $4,445 5.76%
    36% 45 $8,045,000 $178,778 $7,148 5.68%
    42% 39 $5,845,000 $149,872 $6,686 5.90%
    37% 36 $5,850,000 $162,500 $0 5.90%
    <20% 12 $1,520,000 $126,667 $0 4.97%
    43% 2 $220,000 $110,000 $0 5.50%
    44% 1 $85,000 $85,000 $0 5.75%

    Self-help Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 194 originations. The next most common DTI ratio? 20-30%, with 131 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 680 $108,450,000 $159,485 $7,011 5.77%
    Black 9 $985,000 $109,444 $0 4.76%
    Not applicable 3 $685,000 $228,333 $0 7.05%
    American Indian 1 $175,000 $175,000 $0 5.75%

    Approval Rates

    Total approvals of all applications
    81.60%

    Self-help Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    86.72%

    Self-help Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 693 $110,295,000 $159,156

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $85,000 $85,000
    Single Family (1-4 Units):Site-Built 692 $110,210,000 $159,263

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $1,110,000 $92,500 $4,624 4.66%
    40-60% 27 $3,615,000 $133,889 $0 5.04%
    60-80% 94 $15,080,000 $160,426 $5,421 5.20%
    80-100% 559 $90,415,000 $161,744 $7,567 5.92%
    Under 20% 1 $75,000 $75,000 $0 4.75%