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 30 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 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 | 8.37% | 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
282Origination Dollar Volume (All Markets)
$46,080,000Top 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) | 50 | $8,670,000 | $173,400 | $0 | 5.24% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 43 | $7,455,000 | $173,372 | $0 | 5.26% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 31 | $5,545,000 | $178,871 | $0 | 5.29% |
| ASHEVILLE, NC (FHA|USDA|VA) | 27 | $5,355,000 | $198,333 | $0 | 5.30% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 27 | $3,575,000 | $132,407 | $0 | 5.48% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 15 | $2,825,000 | $188,333 | $0 | 5.08% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 22 | $2,700,000 | $122,727 | $0 | 5.30% |
| BURLINGTON, NC (FHA|USDA|VA) | 9 | $1,535,000 | $170,556 | $0 | 5.01% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $1,075,000 | $215,000 | $0 | 4.75% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 5 | $895,000 | $179,000 | $0 | 6.13% |
| Outside of Metro Areas | 4 | $740,000 | $185,000 | $0 | 5.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 5 | $735,000 | $147,000 | $0 | 5.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 5 | $595,000 | $119,000 | $0 | 5.88% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $0 | 5.44% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $0 | 5.50% |
| SPARTANBURG, SC (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $0 | 5.44% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 5.25% |
| Wilson, NC (FHA|USDA|VA) | 4 | $330,000 | $82,500 | $0 | 5.31% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $0 | 5.58% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 6.25% |
| Sanford, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 5.50% |
| Shelby, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 5.00% |
| Brevard, NC (FHA|USDA|VA) | 4 | $180,000 | $45,000 | $0 | 5.53% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.13% |
| Kinston, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 5.25% |
| GREENVILLE, NC (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 4.94% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 5.13% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.25% |
| Forest City, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.00% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 282 | $46,080,000 | $163,404 | $0 | 5.30% |
For 2020, Self-help Credit Union's most frequently originated type of loan was Conventional, with 282 originations.
Loan Reason
For 2020, Self-help Credit Union's most frequently cited loan purpose was Home Purchase, with 264 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
For 2020, Self-help Credit Union's most frequently cited loan duration was 30 Year, with 258 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 175 originations.
Interest Rates
During 2020, Self-help Credit Union's average interest rate for loans was 5.29%, while their most frequently originated rate bucket for loans was 4-5%, with 109 originations.
Loan Sizing
2020 saw Self-help Credit Union place emphasis on $100k-200k loans with 177 originations, totaling $27,245,000 in origination value.
Applicant Income
Self-help Credit Union lent most frequently to those with incomes in the $50k or less range, with 146 originations. The second most popular income band? $50k-75k, with 97 originations.
Applicant Debt to Income Ratio
Self-help Credit Union lent most frequently to those with DTI ratios of 20-30%, with 73 originations. The next most common DTI ratio? 30-36%, with 68 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.60%
Self-help Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination80.14%
Self-help Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 282 | $46,080,000 | $163,404 |