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, 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 8.53% | 4/28/24 |
| 30 Year Conventional Refi | 8.15% | 4/28/24 |
| 30 Year Cash-out Refi | 6.27% | 4/28/24 |
| 15 Year Conventional Purchase | 7.88% | 4/28/24 |
| 15 Year Conventional Refi | 7.75% | 4/28/24 |
| 15 Year Cash-out Refi | 7.75% | 4/28/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
564Origination Dollar Volume (All Markets)
$121,780,000Top 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) | 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 |