Self-help Credit Union Mortgage Rates, Fees & Info
Durham, NCLEI: 549300W2VOHO3742H053
Tax ID: 56-1382971
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Mortgage Data
Review & Overview
Self-help Credit Union is a smaller credit union specializing in Home Purchase loans. Self-help Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Asheville, Raleigh, Orlando, Durham, and Charlotte among others. We have data for 35 markets. (Some data included below & more in-depth data is available with an active subscription.)Self-help Credit Union has an above average approval rate when compared to the average across all lenders. They have an above 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 | 8.37% | 10/29/24 |
| 30 Year Conventional Refi | 6.27% | 10/29/24 |
| 30 Year Cash-out Refi | 7.25% | 10/29/24 |
| 15 Year Conventional Purchase | 7.58% | 10/29/24 |
| 15 Year Conventional Refi | 6.24% | 10/29/24 |
| 15 Year Cash-out Refi | 6.24% | 10/29/24 |
| 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 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
114Origination Dollar Volume (All Markets)
$27,480,000Relative Rate
Self-help Credit Union's average 30 year fixed mortgage rate was
8.36%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 1.88%.
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 |
|---|---|---|---|---|---|
| ASHEVILLE, NC (FHA|USDA|VA) | 18 | $4,850,000 | $269,444 | $0 | 8.61% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 11 | $2,895,000 | $263,182 | $0 | 8.52% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 11 | $2,845,000 | $258,636 | $0 | 8.18% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 6 | $2,720,000 | $453,333 | $0 | 7.77% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 9 | $2,165,000 | $240,556 | $0 | 8.24% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 7.18% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 6 | $970,000 | $161,667 | $0 | 8.08% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 5 | $935,000 | $187,000 | $0 | 9.13% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $0 | 7.20% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $0 | 9.75% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $0 | 9.50% |
| Outside of Metro Areas | 5 | $565,000 | $113,000 | $0 | 6.88% |
| BURLINGTON, NC (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $0 | 9.04% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 7.41% |
| Henderson, NC (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $0 | 8.33% |
| Marion, NC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 7.69% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 9.81% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 9.13% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 8.38% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 8.13% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 7.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 8.38% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 8.75% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 9.13% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 10.25% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 8.25% |
| Danville, VA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 8.13% |
| Sanford, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 8.00% |
| Gaffney, SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 8.38% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 7.31% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 8.50% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.00% |
| Wilson, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 7.88% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.75% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 114 | $27,480,000 | $241,053 | $0 | 8.28% |
For 2023, Self-help Credit Union's most frequently originated type of loan was Conventional, with 114 originations.
Loan Reason
For 2023, Self-help Credit Union's most frequently cited loan purpose was Home Purchase, with 110 originations. The 2nd most popular reason was Cash Out Refi, with 2 originations.
Loan Duration/Length
For 2023, Self-help Credit Union's most frequently cited loan duration was 30 Year, with 106 originations. The 2nd most popular length was 10 Year, with 3 originations.
Origination Fees/Closing Costs
Self-help 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 46 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 74 | $16,920,000 | $228,649 |
| 7-8% | 25 | $7,305,000 | $292,200 |
| 6-7% | 10 | $2,900,000 | $290,000 |
| 4-5% | 3 | $155,000 | $51,667 |
| 5-6% | 2 | $200,000 | $100,000 |
During 2023, Self-help Credit Union's average interest rate for loans was 8.36%, while their most frequently originated rate bucket for loans was Over 8%, with 74 originations.
Loan Sizing
2023 saw Self-help Credit Union place emphasis on $200k-400k loans with 59 originations, totaling $15,035,000 in origination value.
Applicant Income
Self-help Credit Union lent most frequently to those with incomes in the $50k-75k range, with 48 originations. The second most popular income band? $75k-100k, with 26 originations.
Applicant Debt to Income Ratio
Self-help Credit Union lent most frequently to those with DTI ratios of 30-36%, with 17 originations. The next most common DTI ratio? 47%, with 11 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.63%
Self-help Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination93.86%
Self-help Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 114 | $27,480,000 | $241,053 |