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Self-Help mortgage borrower Denya Wilson on her porch
Dear valued member,

I’m excited to share that Self-Help Credit Union is expanding our mortgage lending! We’ve created new loan products to serve more borrowers, especially first generation homebuyers. 

Highlights of Self-Help's New Loan Products:

Equity Boost:

  • Minimum credit score 580
  • No PMI (private mortgage insurance)
  • 105% LTV to allow some closing costs to be financed into the loan.
  • Income limits:
    • 120% AMI if buyer is a first generation homebuyer.
    • ≤ 80% AMI for all other buyers; purchase price limits apply.
  • Can be combined with other down payment assistance programs, if available. 
  • Competitive rates based on LTV and credit.

Self-Help 100:

  • Minimum credit score 620
  • No PMI (private mortgage insurance)
  • 100% LTV (no down payment required)
  • No income or purchase price limits.
  • Competitive rates based on credit.
We continue to offer fast turnaround times, competitive rates and greater financing flexibility to all our borrowers. For example:
  • Student loan debt flexibility: In most cases, we can qualify borrowers based on a lower student loan payment (as low as $0) if they are on an Income Driven Repayment plan.
  • Up to 50% debt-to-income ratio allowed in some cases
  • We can accept alternative credit.
Even during a time of rising house prices, we are focused on boosting homeownership for first-time buyers and helping renters become owners sooner. With flexible underwriting guidelines and low down payment options, we have the tools to make it happen. 
Tina Webb-Bouttry headshot

I'm here and ready to help. Give me a call today!
With thanks,
Tina Webb-Bouttry signature
Tina M. Webb-Bouttry
(704) 409-5937
NMLS ID #1514439
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Self-Help | 301 West Main Street, DurhamNC 27701 | (919) 956-4400

For member services, please call 1-800-966-7353

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