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: Raleigh, Durham, Charlotte, Asheville, and Winston among others. We have data for 32 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 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
160Origination Dollar Volume (All Markets)
$35,920,000Top 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 |
|---|---|---|---|---|---|
| RALEIGH-CARY, NC (FHA|USDA|VA) | 17 | $6,705,000 | $394,412 | $0 | 7.14% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 13 | $5,175,000 | $398,077 | $0 | 6.60% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 16 | $3,110,000 | $194,375 | $0 | 6.17% |
| ASHEVILLE, NC (FHA|USDA|VA) | 12 | $2,120,000 | $176,667 | $0 | 6.31% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 12 | $2,030,000 | $169,167 | $0 | 6.53% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 10 | $1,800,000 | $180,000 | $0 | 7.06% |
| BURLINGTON, NC (FHA|USDA|VA) | 9 | $1,645,000 | $182,778 | $0 | 6.90% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 9 | $1,635,000 | $181,667 | $0 | 6.67% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $1,615,000 | $538,333 | $0 | 5.99% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 7 | $1,595,000 | $227,857 | $0 | 6.59% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 7 | $1,255,000 | $179,286 | $0 | 7.18% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 5 | $805,000 | $161,000 | $0 | 7.09% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $0 | 7.54% |
| Wilson, NC (FHA|USDA|VA) | 5 | $575,000 | $115,000 | $0 | 5.55% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $0 | 5.41% |
| Marion, NC (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 6.94% |
| WILMINGTON, NC (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $0 | 7.42% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $0 | 7.42% |
| GOLDSBORO, NC (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 7.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 7.19% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 5.38% |
| Henderson, NC (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 6.94% |
| Outside of Metro Areas | 2 | $340,000 | $170,000 | $0 | 6.50% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 7.44% |
| Sanford, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 5.75% |
| OCALA, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 7.75% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 4.75% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 6.75% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 6.38% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.63% |
| Kinston, NC (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 6.50% |
| Laurinburg, NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.38% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 160 | $35,920,000 | $224,500 | $0 | 6.65% |
For 2022, Self-help Credit Union's most frequently originated type of loan was Conventional, with 160 originations.
Loan Reason
For 2022, Self-help Credit Union's most frequently cited loan purpose was Home Purchase, with 152 originations. The 2nd most popular reason was Other, with 5 originations.
Loan Duration/Length
For 2022, Self-help Credit Union's most frequently cited loan duration was 30 Year, with 144 originations. The 2nd most popular length was 15 Year, with 10 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 80 | $12,530,000 | $156,625 |
| $2k-3k | 57 | $12,855,000 | $225,526 |
| $<1k | 12 | $720,000 | $60,000 |
| $3k-4k | 6 | $2,010,000 | $335,000 |
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 80 originations.
Interest Rates
During 2022, Self-help Credit Union's average interest rate for loans was 6.74%, while their most frequently originated rate bucket for loans was 6-7%, with 51 originations.
Loan Sizing
2022 saw Self-help Credit Union place emphasis on $100k-200k loans with 88 originations, totaling $14,190,000 in origination value.
Applicant Income
Self-help Credit Union lent most frequently to those with incomes in the $50k-75k range, with 71 originations. The second most popular income band? $50k or less, with 59 originations.
Applicant Debt to Income Ratio
Self-help Credit Union lent most frequently to those with DTI ratios of 30-36%, with 37 originations. The next most common DTI ratio? 20-30%, with 30 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.03%
Self-help Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination89.38%
Self-help Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 160 | $35,920,000 | $224,500 |