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, Stockton, Sacramento, Modesto, and Merced 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 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 about average 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 8.53% 3/28/24
30 Year Conventional Refi 8.15% 3/28/24
30 Year Cash-out Refi 6.27% 3/28/24
15 Year Conventional Purchase 7.88% 3/28/24
15 Year Conventional Refi 7.75% 3/28/24
15 Year Cash-out Refi 7.75% 3/28/24
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

710

Origination Dollar Volume (All Markets)

$140,580,000

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) 357 $56,995,000 $159,650 $2,781 5.03%
STOCKTON, CA (FHA|USDA|VA) 36 $10,670,000 $296,389 $0 4.62%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 39 $10,595,000 $271,667 $0 4.79%
MODESTO, CA (FHA|USDA|VA) 33 $8,895,000 $269,545 $0 4.75%
MERCED, CA (FHA|USDA|VA) 36 $8,680,000 $241,111 $0 4.64%
BAKERSFIELD, CA (FHA|USDA|VA) 47 $8,465,000 $180,106 $0 4.92%
FRESNO, CA (FHA|USDA|VA) 41 $7,285,000 $177,683 $8,520 4.82%
VISALIA, CA (FHA|USDA|VA) 28 $5,130,000 $183,214 $0 5.30%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 17 $4,685,000 $275,588 $0 4.76%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 12 $4,020,000 $335,000 $0 4.44%
MADERA, CA (FHA|USDA|VA) 10 $1,870,000 $187,000 $0 4.68%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 4 $1,860,000 $465,000 $0 4.50%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 5 $1,655,000 $331,000 $0 4.20%
YUBA CITY, CA (FHA|USDA|VA) 6 $1,540,000 $256,667 $0 5.19%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 4 $1,490,000 $372,500 $0 4.56%
VALLEJO, CA (FHA|USDA|VA) 4 $1,470,000 $367,500 $0 5.09%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 7 $1,165,000 $166,429 $0 4.98%
Outside of Metro Areas 4 $870,000 $217,500 $0 4.75%
ROCKFORD, IL (FHA|USDA|VA) 5 $815,000 $163,000 $0 4.93%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 7 $755,000 $107,857 $3,048 5.30%
NAPA, CA (FHA|USDA|VA) 1 $605,000 $605,000 $0 3.50%
SALINAS, CA (FHA|USDA|VA) 1 $405,000 $405,000 $0 5.13%
CHICO, CA (FHA|USDA|VA) 3 $225,000 $75,000 $0 4.63%
Sonora, CA (FHA|USDA|VA) 1 $195,000 $195,000 $0 4.88%
Clearlake, CA (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.13%
RACINE, WI (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.75%
Self-help Federal Credit Union's top markets include Chicago, Stockton, Sacramento, Modesto, and Merced among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 710 $140,580,000 $198,000 $4,783 4.92%

    For 2020, Self-help Federal Credit Union's most frequently originated type of loan was Conventional, with 710 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 678 $134,960,000 $199,056 $4,783 4.95%
    Other 18 $2,420,000 $134,444 $0 4.41%
    Refi 14 $3,200,000 $228,571 $0 4.08%

    For 2020, Self-help Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 678 originations. The 2nd most popular reason was Other, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 679 $136,975,000 $201,730 $4,783 4.95%
    15 Year 14 $1,550,000 $110,714 $0 4.13%
    20 Year 13 $1,835,000 $141,154 $0 4.47%
    10 Year 3 $145,000 $48,333 $0 3.92%
    5 Year 1 $75,000 $75,000 $0 4.56%

    For 2020, Self-help Federal Credit Union's most frequently cited loan duration was 30 Year, with 679 originations. The 2nd most popular length was 15 Year, with 14 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 312 $47,910,000 $153,558
    $2k-3k 150 $34,110,000 $227,400
    $5k+ 117 $31,685,000 $270,812
    $3k-4k 51 $14,595,000 $286,176
    $<1k 45 $3,465,000 $77,000
    $4k-5k 34 $8,740,000 $257,059

    Self-help Federal Credit Union's average total fees were $4,783, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 312 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 458 $93,490,000 $204,127
    5-6% 179 $32,815,000 $183,324
    6-7% 36 $6,640,000 $184,444
    3-4% 35 $7,045,000 $201,286
    2.5-3% 1 $415,000 $415,000
    7-8% 1 $175,000 $175,000

    During 2020, Self-help Federal Credit Union's average interest rate for loans was 4.95%, while their most frequently originated rate bucket for loans was 4-5%, with 458 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 379 $59,245,000 $156,319 $2,915 4.98%
    $200k-400k 253 $66,235,000 $261,798 $8,520 4.85%
    $100,000 or less 54 $4,150,000 $76,852 $0 4.95%
    $400k-600k 23 $10,345,000 $449,783 $0 4.66%
    $600k-1MM 1 $605,000 $605,000 $0 3.50%

    2020 saw Self-help Federal Credit Union place emphasis on $100k-200k loans with 379 originations, totaling $59,245,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 286 $55,470,000 $193,951 $5,784 4.99%
    $50k or less 245 $35,445,000 $144,673 $2,781 4.88%
    $75k-100k 113 $27,655,000 $244,735 $0 4.86%
    $100k-150k 60 $19,780,000 $329,667 $0 4.85%
    $150k-250k 3 $1,065,000 $355,000 $0 5.46%
    $250k+ 2 $1,090,000 $545,000 $0 4.81%

    Self-help Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 286 originations. The second most popular income band? $50k or less, with 245 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 190 $39,150,000 $206,053 $2,781 4.96%
    20-30% 118 $22,850,000 $193,644 $0 4.85%
    39% 64 $13,790,000 $215,469 $8,520 4.94%
    41% 61 $11,145,000 $182,705 $0 4.96%
    40% 58 $10,580,000 $182,414 $0 4.88%
    37% 52 $11,000,000 $211,538 $3,048 4.94%
    38% 48 $9,540,000 $198,750 $0 4.95%
    42% 45 $8,705,000 $193,444 $0 4.95%
    36% 37 $7,525,000 $203,378 $0 4.96%
    <20% 22 $3,330,000 $151,364 $0 4.80%
    47% 4 $650,000 $162,500 $0 4.75%
    43% 3 $905,000 $301,667 $0 4.33%
    44% 2 $500,000 $250,000 $0 4.75%
    45% 2 $230,000 $115,000 $0 4.19%
    46% 2 $420,000 $210,000 $0 5.38%
    48% 1 $185,000 $185,000 $0 3.63%

    Self-help Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 190 originations. The next most common DTI ratio? 20-30%, with 118 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 703 $139,545,000 $198,499 $4,783 4.93%
    Black 6 $960,000 $160,000 $0 4.19%
    Not provided 1 $75,000 $75,000 $0 4.56%

    Approval Rates

    Total approvals of all applications
    83.56%

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

    Pick Rate

    Approvals leading to origination
    81.97%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 710 $140,580,000 $198,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $285,000 $285,000
    Single Family (1-4 Units):Site-Built 709 $140,295,000 $197,877

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $1,085,000 $98,636 $0 4.20%
    40-60% 18 $2,630,000 $146,111 $2,781 4.23%
    60-80% 79 $15,995,000 $202,468 $0 4.51%
    80-100% 602 $120,870,000 $200,781 $5,784 5.01%