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 Cash Out Refi and Refi loans. Excite Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: San Jose, Wilmington, Stockton, San Francisco, and Sacramento among others. We have data for 19 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% 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

    164

    Origination Dollar Volume (All Markets)

    $42,800,000
    Show all (5) 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) 53 $22,095,000 $416,887 $3,291 3.85%
    WILMINGTON, NC (FHA|USDA|VA) 53 $6,135,000 $115,755 $2,561 4.26%
    STOCKTON, CA (FHA|USDA|VA) 9 $3,745,000 $416,111 $3,978 3.85%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 8 $2,890,000 $361,250 $5,751 4.79%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 6 $1,730,000 $288,333 $2,069 3.48%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 12 $1,410,000 $117,500 $2,451 4.17%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 3 $1,145,000 $381,667 $3,179 3.58%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $960,000 $480,000 $3,392 3.63%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 2 $530,000 $265,000 $2,471 3.50%
    MADERA, CA (FHA|USDA|VA) 2 $410,000 $205,000 $4,158 3.63%
    MODESTO, CA (FHA|USDA|VA) 3 $405,000 $135,000 $2,233 4.08%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $305,000 $305,000 $3,993 3.50%
    MERCED, CA (FHA|USDA|VA) 3 $295,000 $98,333 $2,125 4.12%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $245,000 $245,000 $2,674 3.13%
    Clearlake, CA (FHA|USDA|VA) 1 $225,000 $225,000 $4,661 4.25%
    FRESNO, CA (FHA|USDA|VA) 1 $95,000 $95,000 $3,899 3.75%
    JACKSONVILLE, NC (FHA|USDA|VA) 2 $90,000 $45,000 $971 6.37%
    Outside of Metro Areas 1 $55,000 $55,000 $3,470 3.75%
    Sonora, CA (FHA|USDA|VA) 1 $35,000 $35,000 $150 5.49%
    Excite Credit Union's top markets include San Jose, Wilmington, Stockton, San Francisco, and Sacramento 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.

    CAROLINA TRUST FEDERAL CREDIT UNION
    Similarity Rank: 265
    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 318
    SAFEAMERICA CREDIT UNION
    Similarity Rank: 368
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 546
    Southern Bank and Trust Company
    Similarity Rank: 792
    CommonWealth Central Credit Union
    Similarity Rank: 840
    Ukrainian Federal Credit Union
    Similarity Rank: 864
    EXCITE Credit Union
    Similarity Rank: 931
    SACRAMENTO Credit Union
    Similarity Rank: 1020
    Schools Financial Credit Union
    Similarity Rank: 1020

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 164 $42,800,000 $260,976 $3,046 4.07%

    For 2019, Excite Credit Union's most frequently originated type of loan was Conventional, with 164 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 66 $23,460,000 $355,455 $3,454 3.48%
    Refi 31 $9,855,000 $317,903 $2,475 3.57%
    Home Purchase 25 $7,055,000 $282,200 $3,213 3.94%
    Other 23 $1,045,000 $45,435 $726 5.41%
    Home Improvement 19 $1,385,000 $72,895 $971 5.45%

    For 2019, Excite Credit Union's most frequently cited loan purpose was Cash Out Refi, with 66 originations. The 2nd most popular reason was Refi, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 86 $33,200,000 $386,047 $3,263 3.54%
    15 Year 44 $5,990,000 $136,136 $2,508 4.71%
    10 Year 16 $650,000 $40,625 $0 5.22%
    5 Year 10 $330,000 $33,000 $1,005 4.24%
    20 Year 8 $2,630,000 $328,750 $3,117 3.66%

    For 2019, Excite Credit Union's most frequently cited loan duration was 30 Year, with 86 originations. The 2nd most popular length was 15 Year, with 44 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 56 $14,760,000 $263,571
    $1k-2k 37 $10,875,000 $293,919
    $2k-3k 27 $11,885,000 $440,185
    $3k-4k 4 $1,800,000 $450,000
    $5k+ 3 $1,425,000 $475,000

    Excite Credit Union's average total fees were $3,263, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 56 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 117 $38,355,000 $327,821
    5-6% 18 $1,080,000 $60,000
    4-5% 14 $1,310,000 $93,571
    6-7% 8 $660,000 $82,500
    7-8% 4 $240,000 $60,000
    2.5-3% 3 $1,155,000 $385,000

    During 2019, Excite Credit Union's average interest rate for loans was 3.54%, while their most frequently originated rate bucket for loans was 3-4%, with 117 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 48 $2,170,000 $45,208 $1,854 5.09%
    $100k-200k 37 $5,125,000 $138,514 $2,669 3.85%
    $200k-400k 33 $9,805,000 $297,121 $3,181 3.62%
    $400k-600k 30 $14,830,000 $494,333 $3,556 3.50%
    $600k-1MM 16 $10,870,000 $679,375 $3,654 3.48%

    2019 saw Excite Credit Union place emphasis on $100,000 or less loans with 48 originations, totaling $2,170,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 42 $14,210,000 $338,333 $3,671 3.94%
    $150k-250k 40 $14,660,000 $366,500 $3,409 4.16%
    $50k-75k 28 $3,180,000 $113,571 $2,546 4.26%
    $50k or less 24 $2,170,000 $90,417 $2,328 3.91%
    $75k-100k 19 $2,685,000 $141,316 $2,477 4.38%
    $250k+ 11 $5,895,000 $535,909 $2,807 3.53%

    Excite Credit Union lent most frequently to those with incomes in the $100k-150k range, with 42 originations. The second most popular income band? $150k-250k, with 40 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 41 $12,595,000 $307,195 $2,929 3.95%
    30-36% 36 $9,250,000 $256,944 $2,772 3.72%
    39% 11 $4,105,000 $373,182 $3,841 3.39%
    40% 10 $2,610,000 $261,000 $3,195 4.30%
    36% 9 $3,585,000 $398,333 $2,718 3.71%
    42% 7 $1,225,000 $175,000 $4,620 4.82%
    45% 6 $1,140,000 $190,000 $3,227 4.43%
    48% 6 $850,000 $141,667 $2,410 5.31%
    46% 6 $910,000 $151,667 $3,177 4.12%
    <20% 5 $1,425,000 $285,000 $3,380 3.65%
    44% 5 $1,065,000 $213,000 $3,875 4.69%
    49% 5 $405,000 $81,000 $2,044 4.62%
    47% 4 $110,000 $27,500 $0 5.84%
    43% 4 $1,190,000 $297,500 $2,748 3.50%
    41% 3 $635,000 $211,667 $1,392 4.70%
    38% 3 $1,225,000 $408,333 $3,915 3.71%
    37% 2 $70,000 $35,000 $0 5.12%
    50-60% 1 $405,000 $405,000 $2,172 3.38%

    Excite Credit Union lent most frequently to those with DTI ratios of 20-30%, with 41 originations. The next most common DTI ratio? 30-36%, with 36 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 124 $29,920,000 $241,290 $3,045 4.10%
    Asian 23 $9,395,000 $408,478 $3,274 3.56%
    Black 12 $1,910,000 $159,167 $2,493 4.50%
    American Indian 1 $725,000 $725,000 $1,430 3.63%
    Vietnamese 1 $655,000 $655,000 $4,642 3.63%
    Not provided 2 $160,000 $80,000 $0 5.24%
    Native Hawaiian or Islander 1 $35,000 $35,000 $0 4.99%

    Approval Rates

    Total approvals of all applications
    77.02%

    Excite Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    68.29%

    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 164 $42,800,000 $260,976

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 164 $42,800,000 $260,976

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $4,940,000 $205,833 $2,675 4.10%
    40-60% 22 $7,710,000 $350,455 $3,216 3.55%
    60-80% 64 $23,810,000 $372,031 $3,310 3.61%
    80-100% 12 $3,790,000 $315,833 $2,741 3.50%
    Under 20% 42 $2,550,000 $60,714 $1,765 5.18%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    EAST WEST BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 25.0%
    EAST WEST BANK Conventional home mortgage Closing on a mortgage 3 37.5%
    EAST WEST BANK Conventional home mortgage Struggling to pay mortgage 1 12.5%
    EAST WEST BANK Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 12.5%
    EAST WEST BANK Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 12.5%