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 and Other loans. Self-help Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Charlotte, Raleigh, Houston, Greensboro, and Asheville among others. We have data for 36 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% | 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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
250Origination Dollar Volume (All Markets)
$59,030,000Top 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) | 40 | $14,300,000 | $357,500 | $0 | 4.87% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 45 | $9,325,000 | $207,222 | $0 | 4.87% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $6,105,000 | $6,105,000 | $0 | 4.64% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 24 | $4,180,000 | $174,167 | $0 | 5.02% |
| ASHEVILLE, NC (FHA|USDA|VA) | 17 | $3,965,000 | $233,235 | $0 | 4.77% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 17 | $2,975,000 | $175,000 | $0 | 4.94% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 13 | $2,665,000 | $205,000 | $0 | 5.07% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 15 | $2,345,000 | $156,333 | $0 | 5.33% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 10 | $1,700,000 | $170,000 | $0 | 5.26% |
| BURLINGTON, NC (FHA|USDA|VA) | 9 | $1,545,000 | $171,667 | $0 | 4.90% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 7 | $1,325,000 | $189,286 | $0 | 4.86% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 5 | $775,000 | $155,000 | $0 | 4.85% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $0 | 5.94% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $0 | 4.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $0 | 5.08% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $0 | 4.63% |
| Wilson, NC (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $0 | 4.33% |
| Henderson, NC (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $0 | 5.83% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $0 | 5.42% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 5.00% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 4.81% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 4.81% |
| GREENVILLE, NC (FHA|USDA|VA) | 4 | $330,000 | $82,500 | $0 | 4.25% |
| Forest City, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 4.25% |
| Shelby, NC (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 3.94% |
| Outside of Metro Areas | 2 | $260,000 | $130,000 | $0 | 4.31% |
| Sanford, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.63% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.63% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 5.00% |
| North Wilkesboro, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 4.75% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 5.63% |
| Boone, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 6.50% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.88% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.13% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.00% |
| Kinston, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.88% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 250 | $59,030,000 | $236,120 | $0 | 4.95% |
For 2021, Self-help Credit Union's most frequently originated type of loan was Conventional, with 250 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 246 | $45,130,000 | $183,455 | $0 | 4.95% |
| Other | 4 | $13,900,000 | $3,475,000 | $0 | 4.99% |
For 2021, Self-help Credit Union's most frequently cited loan purpose was Home Purchase, with 246 originations. The 2nd most popular reason was Other, with 4 originations.
Loan Duration/Length
For 2021, Self-help Credit Union's most frequently cited loan duration was 30 Year, with 240 originations. The 2nd most popular length was 15 Year, with 5 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 139 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 145 | $39,265,000 | $270,793 |
| 5-6% | 57 | $11,045,000 | $193,772 |
| 3-4% | 25 | $5,045,000 | $201,800 |
| 6-7% | 22 | $3,620,000 | $164,545 |
| 2.5-3% | 1 | $55,000 | $55,000 |
During 2021, Self-help Credit Union's average interest rate for loans was 4.98%, while their most frequently originated rate bucket for loans was 4-5%, with 145 originations.
Loan Sizing
2021 saw Self-help Credit Union place emphasis on $100k-200k loans with 146 originations, totaling $23,260,000 in origination value.
Applicant Income
Self-help Credit Union lent most frequently to those with incomes in the $50k or less range, with 121 originations. The second most popular income band? $50k-75k, with 94 originations.
Applicant Debt to Income Ratio
Self-help Credit Union lent most frequently to those with DTI ratios of 30-36%, with 78 originations. The next most common DTI ratio? 20-30%, with 49 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.12%
Self-help Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination87.20%
Self-help Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 250 | $59,030,000 | $236,120 |