Exchange Bank Mortgage Rates, Fees & Info
Santa Rosa, CALEI: 5493006Y2YCT81BVTL57
Tax ID: 94-0463800
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Mortgage Data
Review & Overview
Exchange Bank is a smaller bank specializing in Home Purchase loans. Exchange Bank has a high proportion of conventional loans. Exchange Bank has a low ratio of conventional loans. Their top markets by origination volume include: Santa Rosa, San Francisco, Fresno, Ukiah, and Sacramento among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Exchange Bank 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. Exchange Bank is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
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Originations
83Origination Dollar Volume (All Markets)
$82,765,000Relative Rate
Exchange Bank's average 30 year fixed mortgage rate was
6.13%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.36%.
Relative Fees (Closing Costs)
Exchange Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $11,152.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
Top 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 |
|---|---|---|---|---|---|
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 51 | $42,995,000 | $843,039 | $11,152 | 6.13% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 15 | $19,195,000 | $1,279,667 | $0 | 0.00% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $8,250,000 | $4,125,000 | $0 | 0.00% |
| Ukiah, CA (FHA|USDA|VA) | 3 | $3,265,000 | $1,088,333 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $3,220,000 | $805,000 | $0 | 0.00% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $1,605,000 | $1,605,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| NAPA, CA (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 0.00% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| REDDING, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 82 | $82,060,000 | $1,000,732 | $0 | 0.00% |
| Conventional | 1 | $705,000 | $705,000 | $11,152 | 6.13% |
For 2023, Exchange Bank's most frequently originated type of loan was Conventional, with 82 originations. Their 2nd most popular type was Conventional, with 1 originations.
Loan Reason
For 2023, Exchange Bank's most frequently cited loan purpose was Home Purchase, with 42 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 82 | $82,060,000 | $1,000,732 | $0 | 0.00% |
| 30 Year | 1 | $705,000 | $705,000 | $11,152 | 6.13% |
For 2023, Exchange Bank's most frequently cited loan duration was Other, with 82 originations. The 2nd most popular length was 30 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 1 | $705,000 | $705,000 |
Exchange Bank's average total fees were $11,152, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1 | $705,000 | $705,000 |
During 2023, Exchange Bank's average interest rate for loans was 6.13%, while their most frequently originated rate bucket for loans was 6-7%, with 1 originations.
Loan Sizing
2023 saw Exchange Bank place emphasis on $1MM+ loans with 30 originations, totaling $55,590,000 in origination value.
Applicant Income
Exchange Bank lent most frequently to those with incomes in the $250k+ range, with 26 originations. The second most popular income band? $150k-250k, with 17 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 82 | $82,060,000 | $1,000,732 | $0 | 0.00% |
| 30-36% | 1 | $705,000 | $705,000 | $11,152 | 6.13% |
Exchange Bank lent most frequently to those with DTI ratios of Exempt%, with 82 originations. The next most common DTI ratio? 30-36%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.27%
Exchange Bank has an average approval rate.
Pick Rate
Approvals leading to origination84.34%
Exchange Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 82 | $82,060,000 | $1,000,732 |
| NA | 1 | $705,000 | $705,000 |