Self-help Credit Union Mortgage Rates, Fees & Info
Durham, NCLEI: 549300W2VOHO3742H053
Tax ID: 56-1382971
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
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
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Self-help Credit Union. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
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 |