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, Greensboro, and Asheville among others. We have data for 33 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 8.37% | 11/21/24 |
| 30 Year Conventional Refi | 6.27% | 11/21/24 |
| 30 Year Cash-out Refi | 7.25% | 11/21/24 |
| 15 Year Conventional Purchase | 7.58% | 11/21/24 |
| 15 Year Conventional Refi | 6.24% | 11/21/24 |
| 15 Year Cash-out Refi | 6.24% | 11/21/24 |
| 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
434Origination Dollar Volume (All Markets)
$50,330,000Top 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) | 109 | $10,315,000 | $94,633 | $0 | 3.35% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 67 | $9,985,000 | $149,030 | $0 | 5.02% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 49 | $7,005,000 | $142,959 | $0 | 5.17% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 36 | $4,780,000 | $132,778 | $0 | 4.72% |
| ASHEVILLE, NC (FHA|USDA|VA) | 29 | $4,375,000 | $150,862 | $0 | 4.83% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 43 | $3,795,000 | $88,256 | $0 | 4.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 12 | $2,130,000 | $177,500 | $0 | 5.64% |
| GREENVILLE, NC (FHA|USDA|VA) | 9 | $705,000 | $78,333 | $0 | 3.86% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 6 | $680,000 | $113,333 | $0 | 5.35% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 5 | $675,000 | $135,000 | $0 | 4.25% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 8 | $660,000 | $82,500 | $0 | 4.23% |
| WILMINGTON, NC (FHA|USDA|VA) | 6 | $640,000 | $106,667 | $0 | 6.27% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $0 | 5.25% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $0 | 5.47% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $0 | 5.79% |
| Outside of Metro Areas | 7 | $465,000 | $66,429 | $0 | 5.31% |
| BURLINGTON, NC (FHA|USDA|VA) | 4 | $440,000 | $110,000 | $0 | 5.91% |
| Brevard, NC (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $0 | 6.67% |
| Wilson, NC (FHA|USDA|VA) | 6 | $370,000 | $61,667 | $0 | 3.79% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $0 | 5.46% |
| Shelby, NC (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 4.94% |
| Forest City, NC (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 6.06% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.63% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 3.88% |
| Sanford, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 7.13% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.88% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.38% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 4 | $60,000 | $15,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $60,000 | $15,000 | $0 | 0.00% |
| Kinston, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.63% |
| Henderson, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.63% |
| Marion, NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.38% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $30,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 434 | $50,330,000 | $115,968 | $0 | 4.45% |
For 2019, Self-help Credit Union's most frequently originated type of loan was Conventional, with 434 originations.
Loan Reason
For 2019, Self-help Credit Union's most frequently cited loan purpose was Home Purchase, with 409 originations. The 2nd most popular reason was Refi, with 15 originations.
Loan Duration/Length
For 2019, Self-help Credit Union's most frequently cited loan duration was 30 Year, with 408 originations. The 2nd most popular length was 15 Year, with 11 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-2k bucket, with 228 originations.
Interest Rates
During 2019, Self-help Credit Union's average interest rate for loans was 4.36%, while their most frequently originated rate bucket for loans was 5-6%, with 123 originations.
Loan Sizing
2019 saw Self-help Credit Union place emphasis on $100k-200k loans with 219 originations, totaling $32,235,000 in origination value.
Applicant Income
Self-help Credit Union lent most frequently to those with incomes in the $50k or less range, with 278 originations. The second most popular income band? $50k-75k, with 121 originations.
Applicant Debt to Income Ratio
Self-help Credit Union lent most frequently to those with DTI ratios of <20%, with 107 originations. The next most common DTI ratio? 20-30%, with 89 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.41%
Self-help Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination88.02%
Self-help Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 7 | $225,000 | $32,143 |
| NA | 427 | $50,105,000 | $117,342 |