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, Sacramento, Stockton, Modesto, and Fresno 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.
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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
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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
842Origination Dollar Volume (All Markets)
$152,880,000Top 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) | 449 | $68,725,000 | $153,062 | $0 | 5.43% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 56 | $13,220,000 | $236,071 | $6,044 | 5.29% |
| STOCKTON, CA (FHA|USDA|VA) | 37 | $9,355,000 | $252,838 | $7,140 | 5.10% |
| MODESTO, CA (FHA|USDA|VA) | 39 | $9,245,000 | $237,051 | $0 | 5.11% |
| FRESNO, CA (FHA|USDA|VA) | 48 | $8,910,000 | $185,625 | $6,830 | 5.24% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 51 | $8,195,000 | $160,686 | $5,700 | 5.27% |
| VISALIA, CA (FHA|USDA|VA) | 37 | $5,625,000 | $152,027 | $4,091 | 5.40% |
| MERCED, CA (FHA|USDA|VA) | 21 | $5,295,000 | $252,143 | $5,764 | 5.21% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 18 | $4,270,000 | $237,222 | $4,408 | 5.63% |
| VALLEJO, CA (FHA|USDA|VA) | 14 | $3,990,000 | $285,000 | $5,188 | 4.88% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 11 | $3,615,000 | $328,636 | $6,989 | 4.70% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 7 | $2,725,000 | $389,286 | $2,369 | 5.13% |
| MADERA, CA (FHA|USDA|VA) | 15 | $2,545,000 | $169,667 | $5,187 | 5.28% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 11 | $1,905,000 | $173,182 | $0 | 5.63% |
| YUBA CITY, CA (FHA|USDA|VA) | 7 | $1,245,000 | $177,857 | $0 | 5.75% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $0 | 4.38% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $5,958 | 5.56% |
| ROCKFORD, IL (FHA|USDA|VA) | 6 | $620,000 | $103,333 | $0 | 5.44% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 5.63% |
| Red Bluff, CA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 5.25% |
| NAPA, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 4.75% |
| Outside of Metro Areas | 2 | $280,000 | $140,000 | $0 | 5.06% |
| RACINE, WI (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 5.81% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 4.56% |
| REDDING, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 5.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 842 | $152,880,000 | $181,568 | $5,808 | 5.34% |
For 2019, Self-help Federal Credit Union's most frequently originated type of loan was Conventional, with 842 originations.
Loan Reason
For 2019, Self-help Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 779 originations. The 2nd most popular reason was Refi, with 38 originations.
Loan Duration/Length
For 2019, Self-help Federal Credit Union's most frequently cited loan duration was 30 Year, with 781 originations. The 2nd most popular length was 15 Year, with 38 originations.
Origination Fees/Closing Costs
Self-help Federal Credit Union's average total fees were $6,051, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 393 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 384 | $68,750,000 | $179,036 |
| 4-5% | 313 | $60,055,000 | $191,869 |
| 6-7% | 112 | $19,290,000 | $172,232 |
| 7-8% | 17 | $2,565,000 | $150,882 |
| 3-4% | 16 | $2,220,000 | $138,750 |
During 2019, Self-help Federal Credit Union's average interest rate for loans was 5.39%, while their most frequently originated rate bucket for loans was 5-6%, with 384 originations.
Loan Sizing
2019 saw Self-help Federal Credit Union place emphasis on $100k-200k loans with 486 originations, totaling $73,630,000 in origination value.
Applicant Income
Self-help Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 377 originations. The second most popular income band? $50k or less, with 295 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 141 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.63%
Self-help Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination87.77%
Self-help Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 842 | $152,880,000 | $181,568 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 1 | $405,000 | $405,000 |
| Single Family (1-4 Units):Site-Built | 841 | $152,475,000 | $181,302 |