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: Durham, North Port, Raleigh, Winston, and Orlando among others. We have data for 30 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 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 | 8.50% | 4/5/25 |
| 30 Year Conventional Refi | 6.72% | 4/5/25 |
| 30 Year Cash-out Refi | 8.31% | 4/5/25 |
| 30 Year USDA Purchase | 6.72% | 4/5/25 |
| 15 Year Conventional Purchase | 6.00% | 4/5/25 |
| 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
155Origination Dollar Volume (All Markets)
$36,015,000Relative Rate
Self-help Credit Union's average 30 year fixed mortgage rate was
8.33%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 1.78%.
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 |
|---|---|---|---|---|---|
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 20 | $4,620,000 | $231,000 | $0 | 8.38% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 14 | $4,390,000 | $313,571 | $0 | 8.93% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 14 | $4,010,000 | $286,429 | $0 | 8.83% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 14 | $2,710,000 | $193,571 | $0 | 8.17% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 8 | $1,930,000 | $241,250 | $0 | 8.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 11 | $1,775,000 | $161,364 | $0 | 7.91% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 8 | $1,740,000 | $217,500 | $0 | 7.06% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 8 | $1,640,000 | $205,000 | $0 | 8.73% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $1,240,000 | $310,000 | $0 | 8.31% |
| BURLINGTON, NC (FHA|USDA|VA) | 6 | $1,190,000 | $198,333 | $0 | 8.06% |
| ASHEVILLE, NC (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $0 | 7.84% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 4 | $1,100,000 | $275,000 | $0 | 9.19% |
| Wilson, NC (FHA|USDA|VA) | 5 | $1,045,000 | $209,000 | $0 | 7.58% |
| WILMINGTON, NC (FHA|USDA|VA) | 5 | $1,035,000 | $207,000 | $0 | 8.35% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $0 | 8.22% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $0 | 9.08% |
| Sanford, NC (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $0 | 8.79% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $0 | 7.96% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $0 | 8.21% |
| Henderson, NC (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 8.94% |
| GOLDSBORO, NC (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 8.94% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 6.63% |
| Forest City, NC (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 8.94% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 8.38% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 7.63% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 8.75% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 8.38% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 7.25% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 9.13% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 8.38% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 155 | $36,015,000 | $232,355 | $0 | 8.33% |
For 2024, Self-help Credit Union's most frequently originated type of loan was Conventional, with 155 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 152 | $35,600,000 | $234,211 | $0 | 8.32% |
| Cash Out Refi | 2 | $290,000 | $145,000 | $0 | 8.19% |
| Other | 1 | $125,000 | $125,000 | $0 | 8.63% |
For 2024, Self-help Credit Union's most frequently cited loan purpose was Home Purchase, with 152 originations. The 2nd most popular reason was Cash Out Refi, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 152 | $35,430,000 | $233,092 | $0 | 8.33% |
| 20 Year | 2 | $420,000 | $210,000 | $0 | 7.94% |
| 15 Year | 1 | $165,000 | $165,000 | $0 | 8.50% |
For 2024, Self-help Credit Union's most frequently cited loan duration was 30 Year, with 152 originations. The 2nd most popular length was 20 Year, with 2 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 71 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 103 | $25,045,000 | $243,155 |
| 7-8% | 35 | $7,815,000 | $223,286 |
| 6-7% | 14 | $2,790,000 | $199,286 |
| 5-6% | 3 | $365,000 | $121,667 |
During 2024, Self-help Credit Union's average interest rate for loans was 8.33%, while their most frequently originated rate bucket for loans was Over 8%, with 103 originations.
Loan Sizing
2024 saw Self-help Credit Union place emphasis on $200k-400k loans with 93 originations, totaling $25,415,000 in origination value.
Applicant Income
Self-help Credit Union lent most frequently to those with incomes in the $50k-75k range, with 61 originations. The second most popular income band? $50k or less, with 37 originations.
Applicant Debt to Income Ratio
Self-help Credit Union lent most frequently to those with DTI ratios of 30-36%, with 22 originations. The next most common DTI ratio? 48%, with 21 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.96%
Self-help Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination85.81%
Self-help Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 155 | $36,015,000 | $232,355 |