Excite Credit Union Mortgage Rates, Fees & Info
San Jose, CALEI: 549300DFCG6GF21KOW34
Tax ID: 94-1243656
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Excite Credit Union is a smaller credit union specializing in Refi and Cash Out Refi loans. Excite Credit Union has a high proportion of conventional loans. Their top markets include San Jose, Wilmington, San Francisco, Sacramento, and Oxnard among others. Excite Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Excite Credit Union is typically an average fee lendor.Originations
257Origination Dollar Volume (All Markets)
$83,425,000Awards
EXCITE Credit Union - 2021
EXCITE Credit Union is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Excite Credit Union's average 30 year fixed rate mortgage of loans were
3%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.15%.
Relative Fees
Excite Credit Union's average total fees for a 30 year fixed rate
mortgage are $4,017.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 82 | $35,360,000 | $431,220 | $4,113 | 2.85% |
| WILMINGTON, NC (FHA|USDA|VA) | 96 | $17,280,000 | $180,000 | $3,290 | 3.04% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 16 | $10,230,000 | $639,375 | $4,440 | 2.77% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 8 | $4,430,000 | $553,750 | $5,404 | 2.75% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $2,845,000 | $948,333 | $7,474 | 2.54% |
| STOCKTON, CA (FHA|USDA|VA) | 6 | $2,520,000 | $420,000 | $4,518 | 3.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 11 | $2,105,000 | $191,364 | $3,323 | 3.03% |
| Outside of Metro Areas | 6 | $1,220,000 | $203,333 | $4,291 | 2.96% |
| SALINAS, CA (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $5,710 | 2.71% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $6,292 | 2.75% |
| MODESTO, CA (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $3,034 | 3.33% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $2,376 | 4.12% |
| VALLEJO, CA (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $2,855 | 2.79% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $3,298 | 2.88% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,440 | 2.63% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,987 | 2.94% |
| MERCED, CA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,192 | 2.81% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,579 | 3.25% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,083 | 2.75% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,158 | 3.00% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,581 | 2.75% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,135 | 3.75% |
Excite Credit Union's top markets include San Jose, Wilmington, San Francisco, Sacramento, and Oxnard among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 257 | $83,425,000 | $324,611 | $3,841 | 2.94% |
For the 2021 period, Excite Credit Union's most frequently originated loan type of loans were Conventional, with 257 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 112 | $33,910,000 | $302,768 | $3,517 | 2.87% |
| Cash Out Refi | 99 | $34,505,000 | $348,535 | $4,092 | 2.90% |
| Home Purchase | 36 | $12,830,000 | $356,389 | $4,471 | 3.07% |
| Home Improvement | 9 | $2,135,000 | $237,222 | $3,083 | 3.43% |
| Other | 1 | $45,000 | $45,000 | $0 | 5.99% |
For the 2021, Excite Credit Union's most frequently cited loan purpose of loans were Refi, with 112 originations. The 2nd most popular reason of loans were Cash Out Refi, with 99 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 193 | $69,765,000 | $361,477 | $4,017 | 3.00% |
| 15 Year | 43 | $8,215,000 | $191,047 | $3,138 | 2.73% |
| 20 Year | 21 | $5,445,000 | $259,286 | $3,651 | 2.88% |
For the 2021, Excite Credit Union's most frequently cited loan length of loans were 30 Year, with 193 originations. The 2nd most popular length of loans were 15 Year, with 43 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 134 | $39,180,000 | $292,388 |
| $2k-3k | 46 | $11,550,000 | $251,087 |
| $3k-4k | 33 | $15,995,000 | $484,697 |
| $<1k | 26 | $7,510,000 | $288,846 |
| $5k+ | 14 | $8,510,000 | $607,857 |
$4,017 of loans were Excite Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 134 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 133 | $48,025,000 | $361,090 |
| 3-4% | 81 | $21,525,000 | $265,741 |
| <2.5% | 39 | $13,255,000 | $339,872 |
| 4-5% | 2 | $470,000 | $235,000 |
| 5-6% | 2 | $150,000 | $75,000 |
During 2021, Excite Credit Union's average interest rate of loans were 3.00%, while their most frequently originated rate bucket of loans were 2.5-3%, with 133 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 89 | $25,945,000 | $291,517 | $3,966 | 2.89% |
| $100k-200k | 83 | $11,955,000 | $144,036 | $3,103 | 3.00% |
| $400k-600k | 37 | $17,775,000 | $480,405 | $4,507 | 2.97% |
| $600k-1MM | 22 | $16,370,000 | $744,091 | $5,461 | 2.85% |
| $100,000 or less | 19 | $1,455,000 | $76,579 | $2,702 | 3.11% |
| $1MM+ | 7 | $9,925,000 | $1,417,857 | $5,113 | 2.64% |
2021 saw Excite Credit Union place emphasis on $200k-400k loans with 89 originations, totaling $25,945,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 54 | $19,660,000 | $364,074 | $4,154 | 2.95% |
| $150k-250k | 52 | $21,760,000 | $418,462 | $4,608 | 2.88% |
| $75k-100k | 47 | $10,975,000 | $233,511 | $3,699 | 3.01% |
| $50k-75k | 44 | $8,390,000 | $190,682 | $3,300 | 3.01% |
| $50k or less | 33 | $4,645,000 | $140,758 | $3,143 | 2.93% |
| $250k+ | 20 | $16,230,000 | $811,500 | $4,492 | 2.74% |
Excite Credit Union lent most frequently to those with incomes in the $100k-150k range, with 54 originations. The second most popular income band? $150k-250k, with 52 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 71 | $20,695,000 | $291,479 | $3,622 | 2.97% |
| 30-36% | 48 | $16,270,000 | $338,958 | $3,937 | 2.94% |
| <20% | 29 | $6,725,000 | $231,897 | $3,285 | 2.79% |
| 42% | 18 | $5,090,000 | $282,778 | $3,883 | 3.10% |
| 36% | 11 | $4,805,000 | $436,818 | $3,825 | 3.04% |
| 43% | 10 | $5,710,000 | $571,000 | $5,906 | 2.66% |
| 39% | 10 | $4,880,000 | $488,000 | $3,574 | 2.93% |
| 40% | 9 | $2,285,000 | $253,889 | $3,649 | 3.00% |
| 37% | 9 | $3,035,000 | $337,222 | $4,682 | 2.88% |
| 44% | 7 | $1,915,000 | $273,571 | $3,272 | 3.27% |
| 41% | 7 | $1,925,000 | $275,000 | $4,800 | 3.07% |
| 38% | 6 | $1,170,000 | $195,000 | $3,717 | 3.06% |
| 49% | 5 | $835,000 | $167,000 | $3,394 | 2.68% |
| 47% | 4 | $2,850,000 | $712,500 | $3,554 | 2.91% |
| 45% | 4 | $2,710,000 | $677,500 | $5,607 | 3.06% |
| 48% | 2 | $660,000 | $330,000 | $6,492 | 2.69% |
| 46% | 2 | $520,000 | $260,000 | $3,027 | 3.06% |
| 50-60% | 2 | $450,000 | $225,000 | $3,067 | 2.69% |
Excite Credit Union lent most frequently to those with DTI ratios of 20-30%, with 71 originations. The next most common DTI ratio? 30-36%, with 48 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 182 | $52,720,000 | $289,670 | $3,821 | 2.96% |
| Not provided | 32 | $13,250,000 | $414,063 | $3,803 | 2.90% |
| Asian | 21 | $11,575,000 | $551,190 | $4,397 | 2.88% |
| Black | 22 | $5,880,000 | $267,273 | $3,554 | 2.90% |
Approval Rates
Total approvals of all applications80.77%
Excite Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination80.04%
Excite Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 257 | $83,425,000 | $324,611 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 257 | $83,425,000 | $324,611 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 55 | $14,485,000 | $263,364 | $3,429 | 2.82% |
| 40-60% | 75 | $24,215,000 | $322,867 | $3,781 | 2.90% |
| 60-80% | 77 | $29,335,000 | $380,974 | $4,269 | 3.00% |
| 80-100% | 30 | $12,130,000 | $404,333 | $4,333 | 3.05% |
| Under 20% | 19 | $3,145,000 | $165,526 | $2,824 | 3.11% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| EUSTIS MORTGAGE CORPORATION | FHA mortgage | Closing on a mortgage | 1 | 100.0% |
