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: Charlotte, Raleigh, Durham, Asheville, and Winston among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)Self-help Credit Union has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. They typically have relatively high rates.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 8.37% | 4/28/24 |
| 30 Year Conventional Refi | 6.27% | 4/28/24 |
| 30 Year Cash-out Refi | 7.25% | 4/28/24 |
| 15 Year Conventional Purchase | 7.58% | 4/28/24 |
| 15 Year Conventional Refi | 6.24% | 4/28/24 |
| 15 Year Cash-out Refi | 6.24% | 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 Credit Union Mortgage Calculator
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This is not an official calculator from Self-help 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
343Origination Dollar Volume (All Markets)
$35,785,000Top 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 |
|---|---|---|---|---|---|
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 81 | $7,725,000 | $95,370 | $0 | 6.15% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 52 | $7,330,000 | $140,962 | $0 | 6.31% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 40 | $4,710,000 | $117,750 | $0 | 6.46% |
| ASHEVILLE, NC (FHA|USDA|VA) | 30 | $4,050,000 | $135,000 | $0 | 6.73% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 36 | $2,860,000 | $79,444 | $0 | 6.08% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 27 | $2,695,000 | $99,815 | $0 | 6.73% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 9 | $1,195,000 | $132,778 | $0 | 6.65% |
| BURLINGTON, NC (FHA|USDA|VA) | 6 | $680,000 | $113,333 | $0 | 6.13% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $0 | 5.66% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 8 | $640,000 | $80,000 | $0 | 5.94% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $0 | 6.29% |
| Wilson, NC (FHA|USDA|VA) | 9 | $515,000 | $57,222 | $0 | 6.32% |
| Outside of Metro Areas | 1 | $335,000 | $335,000 | $0 | 6.00% |
| GREENVILLE, NC (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 5.69% |
| GOLDSBORO, NC (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $0 | 5.19% |
| Laurinburg, NC (FHA|USDA|VA) | 5 | $185,000 | $37,000 | $0 | 4.88% |
| Forest City, NC (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 5.31% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 6.94% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 11 | $165,000 | $15,000 | $0 | 0.00% |
| Mount Airy, NC (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 6.56% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 6.13% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 6.31% |
| Brevard, NC (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 8.76% |
| Kinston, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.90% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.25% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 3.63% |
| Marion, NC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 12.50% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 343 | $35,785,000 | $104,329 | $0 | 6.34% |
For 2018, Self-help Credit Union's most frequently originated type of loan was Conventional, with 343 originations.
Loan Reason
For 2018, Self-help Credit Union's most frequently cited loan purpose was Home Purchase, with 316 originations. The 2nd most popular reason was Home Improvement, with 10 originations.
Loan Duration/Length
For 2018, Self-help Credit Union's most frequently cited loan duration was 30 Year, with 313 originations. The 2nd most popular length was Other, with 14 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 $<1k bucket, with 102 originations.
Interest Rates
During 2018, Self-help Credit Union's average interest rate for loans was 6.21%, while their most frequently originated rate bucket for loans was 5-6%, with 91 originations.
Loan Sizing
2018 saw Self-help Credit Union place emphasis on $100,000 or less loans with 162 originations, totaling $7,480,000 in origination value.
Applicant Income
Self-help Credit Union lent most frequently to those with incomes in the $50k or less range, with 232 originations. The second most popular income band? $50k-75k, with 81 originations.
Applicant Debt to Income Ratio
Self-help Credit Union lent most frequently to those with DTI ratios of 30-36%, with 74 originations. The next most common DTI ratio? 20-30%, with 69 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.71%
Self-help Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination90.96%
Self-help Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 343 | $35,785,000 | $104,329 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 46 | $4,610,000 | $100,217 |
| Single Family (1-4 Units):Site-Built | 297 | $31,175,000 | $104,966 |