SELF Loan Interest Rates
Interest rates are listed below for all phases of the SELF program. Applications are only being accepted for the current phase of the program, SELF 7.
Current Index and Margin Information
| SELF 7 | |||||
|---|---|---|---|---|---|
| Year | Term | Quarter | |||
| 1st | 2nd | 3rd | 4th | ||
| 2024 |
10 Year |
7.40% |
7.30% |
7.30% |
6.70% |
|
15 Year |
7.65% |
7.55% |
7.55% |
6.95% |
|
|
20 Year |
7.90% |
7.80% |
7.80% |
7.20% |
|
| SELF 2, 3, 4, 5, & 6 | |||||
|---|---|---|---|---|---|
| Year | Phase | Quarter | |||
| 1st | 2nd | 3rd | 4th | ||
| 2024 |
Phase 6 Phase 3, 4, & 5 Phase 2
|
7.65% 7.95% 6.0%
|
7.55% 7.85% 6.25% |
7.55% 7.85% 7.25% |
6.95% 7.55% 7.00% |
| 2023 | Phase 6 Phase 3, 4, & 5 Phase 2 |
6.0% 5.2% 4.0% |
6.0% 5.50% 4.25% |
7.5% 7.0% 5.25% |
7.9% 8.1% 6.0% |
|
The variable interest index for SELF III, IV, and V transitioned from LIBOR on October 1, 2023 to the three-month United States Dollar IBOR Consumer Cash Fallbacks (CME Term SOFR). |
|||||
| 2022 | Phase VI Phase III, IV & V Phase II |
2.2% 2.0% |
3.0% 2.5% 2.25% |
4.5% 4.0% 3.25% |
6.00% 5.10% 4.00% |
| 2021 | Phase III, IV & V Phase II |
2.2% 2.0% |
2.2% 2.0% |
2.2% 2.0% |
2.1% 2.0% |
| *2020 | Phase III, IV & V Phase II |
3.9% 3.5% |
3.5% 3.0% |
2.6% 2.25% |
2.3% 2.0% |
| *All interest rates were 0% from 3-13-20 through 9-30-20 due to COVID-19 | |||||
| 2019 | Phase III, IV & V Phase II |
4.6% 4.5% |
4.7% 4.5% |
4.5% 4.25% |
4.2% 4.0% |
| 2018 | Phase III, IV & V Phase II |
3.8% 3.25% |
3.9% 3.5% |
4.3% 4.0% |
4.3% 4.0% |
| 2017 | Phase III, IV & V Phase II |
3.5% 2.5% |
3.5% 2.5% |
3.6% 3.0% |
3.7% 3.0% |
| 2016 | Phase III, IV & V Phase II |
3.4% 2.25% |
3.4% 2.25% |
3.4% 2.25% |
3.4% 2.25% |
| 2015 | Phase III, IV & V Phase II |
3.2% 2.0% |
3.3% 2.0% |
3.3% 2.0% |
3.3% 2.0% |
| 2014 | Phase III, IV & V Phase II |
3.2% 2.0% |
3.2% 2.0% |
3.2% 2.0% |
3.2% 2.0% |
| 2013 | Phase III, IV & V Phase II |
3.3% 2.0% |
3.3% 2.0% |
3.3% 2.0% |
3.3% 2.0% |
| 2012 | Phase III, IV & V Phase II |
4.0% 2.0% |
4.0% 2.0% |
3.5% 2.0% |
3.4% 2.0% |
| 2011 | Phase III, IV & V Phase II |
3.8% 2.25% |
3.8% 2.25% |
3.8% 2.25% |
3.8% 2.25% |
| 2010 | Phase III, IV & V Phase II |
3.8% 2.25% |
3.8% 2.25% |
3.8% 2.25% |
3.8% 2.25% |
| 2009 | Phase III & IV Phase II |
5.7% 3.5% |
4.7% 3.9% |
4.3% 3.0% |
3.9% 2.5% |
| 2008 | Phase III & IV Phase II |
7.0% 5.5% |
6.0% 5.0% |
5.8% 5.0% |
5.9% 4.5% |
| 2007 | Phase III & IV Phase II |
7.7% 7.0% |
7.4% 7.0% |
7.4% 7.0% |
7.4% 6.5% |
| 2006 | Phase III & IV Phase II |
7.5% 6.0% |
7.9% 6.5% |
7.9% 6.75% |
8.1% 7.0% |
| 2005 | Phase III Phase II |
5.6% 4.0% |
6.1% 4.5% |
6.6% 5.0% |
7.1% 5.5% |
| 2004 | Phase III Phase II |
4.2% 3.0% |
4.4% 3.0% |
4.6% 3.0% |
5.1% 3.5% |
| 2003 | Phase III Phase II |
4.3% 4.5% |
4.3% 3.25% |
4.2% 3.0% |
4.1% 3.0% |
| 2002 | Phase III Phase II |
n/a 6.25% |
4.6% 5.0% |
4.6% 4.25% |
4.5% 4.25% |
| 2001 | Phase II | 8.25% | 7% | 6.25% | 6.25% |
| 2000 | Phase II | 6.5% | 7% | 7.75% | 8% |
| 1999 | Phase II | 5.25% | 5.25% | 5.75% | 6% |
| 1998 | Phase II | 6% | 6% | 5.75% | 5.75% |
| 1997 | Phase II | 5.75% | 6% | 6% | 6% |
| 1996 | Phase II | 6.75% | 6.25% | 6% | 6% |
| 1995 | Phase II | 6.5% | 6.5% | 7% | 6.75% |
| 1994 | Phase II | 4.75% | 4.5% | 5.5% | 6% |
| 1993 | Phase II | 4.75% | 4.5% | 4.5% | 4.5% |
| 1992 | Phase II | 6.75% | 5.75% | 5.5% | 5.25% |
| 1991 | Phase II | 8.75% | 7.75% | 7.5% | 7.25% |
| 1990 | Phase II | 9.5% | 9.5% | 9.5% | 9.25% |
| 1989 | Phase II | 9.75% | 10.5% | 10.25% | 9.5% |
| 1988 | Phase II | 8.25% | 9% | ||