Exchange Bank Mortgage Rates, Fees & Info

Santa Rosa, CA

LEI: 5493006Y2YCT81BVTL57

Tax ID: 94-0463800

4 stars - Updated: 12/9/24 - out of 5 stars, based on 9 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


Originations

83

Origination Dollar Volume (All Markets)

$82,765,000

Relative 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%
Exchange Bank's top markets include Santa Rosa, San Francisco, Fresno, Ukiah, and Sacramento among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Hawaii (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 42 $53,110,000 $1,264,524 $0 0.00%
    Cash Out Refi 18 $12,980,000 $721,111 $0 0.00%
    Refi 15 $10,775,000 $718,333 $0 0.00%
    Home Improvement 5 $2,735,000 $547,000 $11,152 6.13%
    Other 3 $3,165,000 $1,055,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 30 $55,590,000 $1,853,000 $0 0.00%
    $600k-1MM 22 $16,560,000 $752,727 $11,152 6.13%
    $400k-600k 14 $6,510,000 $465,000 $0 0.00%
    $200k-400k 12 $3,510,000 $292,500 $0 0.00%
    $100k-200k 5 $595,000 $119,000 $0 0.00%

    2023 saw Exchange Bank place emphasis on $1MM+ loans with 30 originations, totaling $55,590,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 26 $35,910,000 $1,381,154 $11,152 6.13%
    $150k-250k 17 $11,295,000 $664,412 $0 0.00%
    $100k-150k 10 $4,030,000 $403,000 $0 0.00%
    $75k-100k 4 $1,700,000 $425,000 $0 0.00%
    $50k or less 3 $455,000 $151,667 $0 0.00%
    $50k-75k 1 $105,000 $105,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 52 $46,690,000 $897,885 $11,152 6.13%
    Not applicable 15 $23,075,000 $1,538,333 $0 0.00%
    Asian 11 $10,985,000 $998,636 $0 0.00%
    Not provided 4 $1,510,000 $377,500 $0 0.00%
    Black 1 $505,000 $505,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.27%

    Exchange Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.34%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    83 $82,765,000 $997,169

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $705,000 $705,000 $11,152 6.13%