Excite Credit Union Mortgage Rates, Fees & Info

San Jose, CA

LEI: 549300DFCG6GF21KOW34

Tax ID: 94-1243656

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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, Refi, and Cash Out Refi loans. Excite Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: San Jose, San Francisco, Wilmington, Santa Cruz, and Salinas among others. We have data for 18 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.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.35% 12/16/24
    30 Year Conventional Refi 6.34% 12/16/24
    30 Year Cash-out Refi 6.46% 12/16/24
    15 Year Conventional Refi 6.26% 12/16/24
    15 Year Cash-out Refi 6.26% 12/16/24
    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

    153

    Origination Dollar Volume (All Markets)

    $44,675,000

    Awards

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

    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) 69 $27,215,000 $394,420 $4,186 4.23%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 9 $4,505,000 $500,556 $4,887 3.87%
    WILMINGTON, NC (FHA|USDA|VA) 39 $4,055,000 $103,974 $3,570 4.79%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 4 $1,780,000 $445,000 $4,503 3.84%
    SALINAS, CA (FHA|USDA|VA) 3 $1,665,000 $555,000 $3,994 3.38%
    Outside of Metro Areas 4 $1,170,000 $292,500 $3,628 4.34%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 8 $1,160,000 $145,000 $3,242 3.61%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $1,055,000 $1,055,000 $9,196 3.88%
    STOCKTON, CA (FHA|USDA|VA) 4 $850,000 $212,500 $4,343 4.15%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $455,000 $455,000 $2,951 3.63%
    Washington, NC (FHA|USDA|VA) 1 $145,000 $145,000 $3,467 4.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $135,000 $45,000 $1,113 6.74%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $110,000 $55,000 $1,481 4.50%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $105,000 $105,000 $680 4.99%
    VALLEJO, CA (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.49%
    MODESTO, CA (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.49%
    Rockingham, NC (FHA|USDA|VA) 1 $65,000 $65,000 $3,142 4.63%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.99%
    Excite Credit Union's top markets include San Jose, San Francisco, Wilmington, Santa Cruz, and Salinas 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.

    SANTA CLARA COUNTY
    Similarity Rank: 20
    American Interbanc Mortgage
    Similarity Rank: 112
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 216
    1ST NORTHERN CALIFORNIA
    Similarity Rank: 544
    Coastal Carolina National Bank
    Similarity Rank: 756
    SAN FRANCISCO FEDERAL CREDIT UNION
    Similarity Rank: 810
    Constant Investments, Inc.
    Similarity Rank: 822
    Schools Financial Credit Union
    Similarity Rank: 910
    UNCLE Credit Union
    Similarity Rank: 924
    KEYPOINT
    Similarity Rank: 1035

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 153 $44,675,000 $291,993 $3,939 4.37%

    For 2018, Excite Credit Union's most frequently originated type of loan was Conventional, with 153 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 42 $16,150,000 $384,524 $4,375 4.03%
    Refi 32 $11,050,000 $345,313 $3,275 4.19%
    Home Improvement 31 $4,485,000 $144,677 $2,624 4.92%
    Cash Out Refi 29 $11,995,000 $413,621 $4,537 3.76%
    Other 18 $940,000 $52,222 $0 5.42%
    NA 1 $55,000 $55,000 $0 6.24%

    For 2018, Excite Credit Union's most frequently cited loan purpose was Home Purchase, with 42 originations. The 2nd most popular reason was Refi, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 85 $38,745,000 $455,824 $4,201 3.69%
    15 Year 38 $3,850,000 $101,316 $3,099 5.45%
    10 Year 23 $1,385,000 $60,217 $680 5.09%
    5 Year 4 $130,000 $32,500 $1,119 4.37%
    20 Year 3 $565,000 $188,333 $3,970 4.50%

    For 2018, Excite Credit Union's most frequently cited loan duration was 30 Year, with 85 originations. The 2nd most popular length was 15 Year, with 38 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 71 $7,495,000 $105,563
    $1k-2k 53 $23,775,000 $448,585
    $2k-3k 14 $6,180,000 $441,429
    $4k-5k 5 $3,785,000 $757,000
    $3k-4k 4 $2,160,000 $540,000
    $5k+ 4 $1,120,000 $280,000

    Excite Credit Union's average total fees were $4,201, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 71 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 62 $24,740,000 $399,032
    4-5% 41 $6,595,000 $160,854
    5-6% 23 $2,125,000 $92,391
    2.5-3% 16 $10,660,000 $666,250
    6-7% 8 $350,000 $43,750
    7-8% 3 $205,000 $68,333

    During 2018, Excite Credit Union's average interest rate for loans was 3.69%, while their most frequently originated rate bucket for loans was 3-4%, with 62 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 54 $2,840,000 $52,593 $2,289 5.21%
    $100k-200k 29 $4,225,000 $145,690 $3,263 4.33%
    $200k-400k 25 $7,135,000 $285,400 $4,072 3.96%
    $400k-600k 23 $11,825,000 $514,130 $4,541 3.73%
    $600k-1MM 17 $12,595,000 $740,882 $4,825 3.55%
    $1MM+ 5 $6,055,000 $1,211,000 $5,934 3.35%

    2018 saw Excite Credit Union place emphasis on $100,000 or less loans with 54 originations, totaling $2,840,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 37 $15,975,000 $431,757 $3,974 4.20%
    $100k-150k 35 $10,245,000 $292,714 $4,238 4.34%
    $75k-100k 27 $4,715,000 $174,630 $3,697 4.91%
    $250k+ 22 $10,780,000 $490,000 $4,363 3.74%
    $50k-75k 20 $1,850,000 $92,500 $3,159 4.38%
    $50k or less 10 $880,000 $88,000 $3,837 5.16%

    Excite Credit Union lent most frequently to those with incomes in the $150k-250k range, with 37 originations. The second most popular income band? $100k-150k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 27 $7,425,000 $275,000 $4,171 4.44%
    20-30% 26 $6,390,000 $245,769 $3,540 4.37%
    36% 13 $4,235,000 $325,769 $3,929 4.33%
    41% 8 $2,940,000 $367,500 $4,523 4.25%
    <20% 8 $900,000 $112,500 $2,249 4.56%
    38% 8 $1,770,000 $221,250 $4,822 3.83%
    42% 7 $3,505,000 $500,714 $3,740 3.89%
    39% 7 $2,575,000 $367,857 $5,802 4.58%
    37% 6 $1,380,000 $230,000 $3,824 4.12%
    49% 5 $1,195,000 $239,000 $3,804 4.85%
    40% 4 $3,460,000 $865,000 $5,545 3.78%
    46% 4 $1,540,000 $385,000 $3,811 4.47%
    47% 3 $185,000 $61,667 $0 5.24%
    43% 3 $555,000 $185,000 $4,459 4.99%
    44% 3 $905,000 $301,667 $2,735 4.99%
    50-60% 2 $100,000 $50,000 $0 6.12%
    45% 1 $35,000 $35,000 $0 5.49%
    48% 1 $165,000 $165,000 $0 5.74%

    Excite Credit Union lent most frequently to those with DTI ratios of 30-36%, with 27 originations. The next most common DTI ratio? 20-30%, with 26 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 103 $24,395,000 $236,845 $3,811 4.48%
    Asian 39 $17,595,000 $451,154 $4,061 3.99%
    Black 8 $1,840,000 $230,000 $4,827 4.68%
    Filipino 1 $635,000 $635,000 $4,718 3.50%
    American Indian 1 $165,000 $165,000 $0 5.49%
    Not provided 1 $45,000 $45,000 $0 4.99%

    Approval Rates

    Total approvals of all applications
    77.99%

    Excite Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.05%

    Excite Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 153 $44,675,000 $291,993

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 153 $44,675,000 $291,993

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 19 $3,975,000 $209,211 $3,618 4.63%
    40-60% 11 $5,295,000 $481,364 $3,973 3.92%
    60-80% 44 $20,650,000 $469,318 $4,406 3.74%
    80-100% 10 $4,670,000 $467,000 $4,184 3.51%
    Under 20% 47 $3,105,000 $66,064 $1,408 5.32%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    EUSTIS MORTGAGE CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%