Excite Credit Union Mortgage Rates, Fees & Info

San Jose, CA

LEI: 549300DFCG6GF21KOW34

Tax ID: 94-1243656

5 stars - Updated: 9/25/23 - out of 5 stars, based on 13 reviews

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Excite Credit Union is a smaller credit union specializing in Home Purchase loans. Excite Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: San Jose, San Francisco, Wilmington, Sacramento, and Stockton among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Excite Credit Union 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. Excite Credit Union is typically a low 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 about average 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.35% 9/25/23
    30 Year Conventional Refi 6.34% 9/25/23
    30 Year Cash-out Refi 6.46% 9/25/23
    15 Year Conventional Refi 6.26% 9/25/23
    15 Year Cash-out Refi 6.26% 9/25/23
    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.

    Excite Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Excite Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    177

    Origination Dollar Volume (All Markets)

    $96,935,000

    Awards

    EXCITE Credit Union 30 Year Conventional Loans bronze EXCITE Credit Union 30 Year Conventional Loans silver EXCITE Credit Union 30 Year Conventional Loans bronze
    Show all (3) awards

    Relative Rate

    Excite Credit Union's average 30 year fixed mortgage rate was 3.4%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -1.36%.

    Relative Fees (Closing Costs)

    Excite Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,298.

    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 $4,750.

    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
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 42 $34,030,000 $810,238 $4,066 3.12%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 24 $23,900,000 $995,833 $5,882 2.88%
    WILMINGTON, NC (FHA|USDA|VA) 47 $10,955,000 $233,085 $3,296 3.81%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 14 $7,320,000 $522,857 $4,442 3.21%
    STOCKTON, CA (FHA|USDA|VA) 9 $4,715,000 $523,889 $4,865 3.51%
    RALEIGH-CARY, NC (FHA|USDA|VA) 10 $4,230,000 $423,000 $4,183 3.48%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 10 $2,590,000 $259,000 $3,792 3.78%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $2,345,000 $781,667 $8,156 3.13%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $1,090,000 $545,000 $5,311 3.75%
    MODESTO, CA (FHA|USDA|VA) 3 $875,000 $291,667 $3,380 3.88%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $805,000 $805,000 $7,824 2.38%
    SALINAS, CA (FHA|USDA|VA) 1 $805,000 $805,000 $6,258 5.00%
    Outside of Metro Areas 1 $675,000 $675,000 $5,358 3.50%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $615,000 $205,000 $3,509 4.21%
    VALLEJO, CA (FHA|USDA|VA) 1 $585,000 $585,000 $4,551 2.38%
    MERCED, CA (FHA|USDA|VA) 1 $385,000 $385,000 $5,054 4.63%
    FRESNO, CA (FHA|USDA|VA) 1 $285,000 $285,000 $3,965 2.38%
    Wilson, NC (FHA|USDA|VA) 1 $225,000 $225,000 $4,438 3.63%
    FAYETTEVILLE, NC (FHA|USDA|VA) 1 $195,000 $195,000 $3,235 2.38%
    BURLINGTON, NC (FHA|USDA|VA) 1 $155,000 $155,000 $3,628 4.50%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $155,000 $155,000 $3,437 3.88%
    Excite Credit Union's top markets include San Jose, San Francisco, Wilmington, Sacramento, and Stockton among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against EXCITE Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    ALL WESTERN MORTGAGE, INC.
    Similarity Rank: 930
    S&S Financial
    Similarity Rank: 1034
    CAROLINA TRUST FEDERAL CREDIT UNION
    Similarity Rank: 1050
    1ST NORTHERN CALIFORNIA
    Similarity Rank: 1067
    Mortgage Assurance Inc.
    Similarity Rank: 1092
    SAFEAMERICA CREDIT UNION
    Similarity Rank: 1158
    CAPITAL CENTER, L.L.C.
    Similarity Rank: 1612
    CommonWealth Central Credit Union
    Similarity Rank: 1836
    Southern Bank and Trust Company
    Similarity Rank: 2109
    Uwharrie Bank
    Similarity Rank: 2156

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 177 $96,935,000 $547,655 $4,262 3.41%

    For 2022, Excite Credit Union's most frequently originated type of loan was Conventional, with 177 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 84 $56,850,000 $676,786 $4,884 3.42%
    Cash Out Refi 35 $13,035,000 $372,429 $3,675 3.34%
    Refi 32 $15,760,000 $492,500 $3,319 3.11%
    Home Improvement 26 $11,290,000 $434,231 $4,168 3.85%

    For 2022, Excite Credit Union's most frequently cited loan purpose was Home Purchase, with 84 originations. The 2nd most popular reason was Cash Out Refi, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 173 $96,395,000 $557,197 $4,298 3.40%
    15 Year 4 $540,000 $135,000 $2,725 3.94%

    For 2022, Excite Credit Union's most frequently cited loan duration was 30 Year, with 173 originations. The 2nd most popular length was 15 Year, with 4 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 124 $71,310,000 $575,081
    $2k-3k 23 $6,825,000 $296,739
    $3k-4k 16 $10,440,000 $652,500
    $<1k 6 $2,080,000 $346,667
    $4k-5k 4 $2,920,000 $730,000

    Excite Credit Union's average total fees were $4,298, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 124 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 52 $37,400,000 $719,231
    4-5% 44 $16,770,000 $381,136
    3-4% 37 $16,715,000 $451,757
    2.5-3% 35 $23,365,000 $667,571
    5-6% 5 $1,215,000 $243,000
    6-7% 4 $1,470,000 $367,500

    During 2022, Excite Credit Union's average interest rate for loans was 3.40%, while their most frequently originated rate bucket for loans was <2.5%, with 52 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 48 $37,500,000 $781,250 $5,016 3.03%
    $200k-400k 47 $13,945,000 $296,702 $3,775 3.68%
    $400k-600k 30 $15,600,000 $520,000 $4,432 3.43%
    $100k-200k 24 $3,620,000 $150,833 $3,183 3.83%
    $1MM+ 17 $25,525,000 $1,501,471 $5,922 2.71%
    $100,000 or less 11 $745,000 $67,727 $2,452 4.06%

    2022 saw Excite Credit Union place emphasis on $600k-1MM loans with 48 originations, totaling $37,500,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 55 $48,945,000 $889,909 $5,052 3.15%
    $150k-250k 42 $24,020,000 $571,905 $4,287 3.28%
    $100k-150k 33 $11,905,000 $360,758 $4,169 3.64%
    $75k-100k 18 $6,410,000 $356,111 $3,881 3.72%
    $50k-75k 15 $3,185,000 $212,333 $3,348 3.61%
    $50k or less 13 $2,285,000 $175,769 $2,881 3.72%

    Excite Credit Union lent most frequently to those with incomes in the $250k+ range, with 55 originations. The second most popular income band? $150k-250k, with 42 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 33 $17,755,000 $538,030 $4,283 3.43%
    20-30% 30 $13,330,000 $444,333 $3,686 3.37%
    40% 14 $6,960,000 $497,143 $4,845 3.78%
    39% 14 $6,470,000 $462,143 $4,339 3.52%
    42% 11 $7,615,000 $692,273 $4,729 3.50%
    43% 10 $5,140,000 $514,000 $3,752 2.94%
    41% 8 $4,980,000 $622,500 $4,517 3.31%
    36% 8 $8,620,000 $1,077,500 $4,615 3.02%
    <20% 7 $3,275,000 $467,857 $3,974 3.11%
    37% 7 $2,775,000 $396,429 $3,507 3.32%
    44% 7 $3,765,000 $537,857 $3,682 3.93%
    47% 7 $4,175,000 $596,429 $5,573 3.29%
    45% 6 $4,500,000 $750,000 $4,568 2.92%
    46% 6 $2,690,000 $448,333 $4,285 3.75%
    48% 4 $1,980,000 $495,000 $4,269 3.13%
    49% 3 $2,225,000 $741,667 $5,075 4.42%
    50-60% 1 $555,000 $555,000 $5,094 4.50%
    38% 1 $125,000 $125,000 $3,104 2.88%

    Excite Credit Union lent most frequently to those with DTI ratios of 30-36%, with 33 originations. The next most common DTI ratio? 20-30%, with 30 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 61 $49,185,000 $806,311 $4,951 3.18%
    White 76 $29,370,000 $386,447 $3,795 3.60%
    Not provided 18 $13,060,000 $725,556 $4,724 3.11%
    Black 18 $2,890,000 $160,556 $3,262 3.60%
    Native Hawaiian or Islander 2 $1,070,000 $535,000 $5,126 3.19%
    American Indian 1 $805,000 $805,000 $6,258 5.00%
    Asian Indian 1 $555,000 $555,000 $4,241 4.25%

    Approval Rates

    Total approvals of all applications
    89.58%

    Excite Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    66.67%

    Excite Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 177 $96,935,000 $547,655

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    177 $96,935,000 $547,655

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 26 $8,370,000 $321,923 $2,983 3.63%
    40-60% 37 $18,355,000 $496,081 $4,175 3.29%
    60-80% 57 $31,275,000 $548,684 $4,332 3.62%
    80-100% 53 $37,955,000 $716,132 $4,967 3.18%
    Under 20% 4 $980,000 $245,000 $3,031 3.22%