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 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, Wilmington, San Francisco, Myrtle Beach, and Stockton among others. We have data for 27 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 an 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

    373

    Origination Dollar Volume (All Markets)

    $116,105,000
    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) 161 $68,615,000 $426,180 $3,629 2.98%
    WILMINGTON, NC (FHA|USDA|VA) 103 $15,925,000 $154,612 $2,814 3.12%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 28 $12,320,000 $440,000 $4,499 2.81%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 22 $3,270,000 $148,636 $2,947 3.27%
    STOCKTON, CA (FHA|USDA|VA) 9 $2,965,000 $329,444 $2,736 3.01%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 7 $2,145,000 $306,429 $3,070 2.77%
    SALINAS, CA (FHA|USDA|VA) 2 $1,320,000 $660,000 $6,647 2.94%
    MODESTO, CA (FHA|USDA|VA) 8 $1,300,000 $162,500 $3,604 3.17%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $1,185,000 $395,000 $5,938 2.92%
    Outside of Metro Areas 4 $930,000 $232,500 $2,688 2.88%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 3 $855,000 $285,000 $3,681 2.67%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $585,000 $585,000 $8,913 3.00%
    MERCED, CA (FHA|USDA|VA) 2 $550,000 $275,000 $1,975 2.75%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $550,000 $275,000 $4,494 2.63%
    MADERA, CA (FHA|USDA|VA) 2 $540,000 $270,000 $4,638 2.88%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $480,000 $240,000 $7,436 2.88%
    FRESNO, CA (FHA|USDA|VA) 2 $460,000 $230,000 $5,139 3.13%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $425,000 $425,000 $5,485 3.50%
    JACKSONVILLE, NC (FHA|USDA|VA) 3 $355,000 $118,333 $1,260 5.33%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $235,000 $235,000 $3,554 3.13%
    Clearlake, CA (FHA|USDA|VA) 1 $215,000 $215,000 $1,800 2.75%
    CHICO, CA (FHA|USDA|VA) 1 $185,000 $185,000 $3,400 3.00%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,232 3.00%
    Sonora, CA (FHA|USDA|VA) 1 $175,000 $175,000 $2,973 3.00%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $125,000 $125,000 $1,232 2.88%
    VISALIA, CA (FHA|USDA|VA) 1 $105,000 $105,000 $2,361 2.50%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $105,000 $105,000 $2,184 3.00%
    Excite Credit Union's top markets include San Jose, Wilmington, San Francisco, Myrtle Beach, 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.

    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 330
    Southern Bank and Trust Company
    Similarity Rank: 1025
    1ST NORTHERN CALIFORNIA
    Similarity Rank: 1120
    BNB FINANCIAL INC.
    Similarity Rank: 1184
    CAROLINA TRUST FEDERAL CREDIT UNION
    Similarity Rank: 1248
    Allen Tate Mortgage Partners, LLC
    Similarity Rank: 1406
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 1904
    COMMUNITY FIRST CREDIT UNION
    Similarity Rank: 1972
    SACRAMENTO Credit Union
    Similarity Rank: 2256
    Corporate Investors Mortgage Group, Inc.
    Similarity Rank: 2310

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 373 $116,105,000 $311,273 $3,427 3.03%

    For 2020, Excite Credit Union's most frequently originated type of loan was Conventional, with 373 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 184 $58,760,000 $319,348 $2,833 2.81%
    Cash Out Refi 134 $44,950,000 $335,448 $4,645 2.86%
    Home Purchase 33 $11,105,000 $336,515 $3,941 3.17%
    Home Improvement 11 $665,000 $60,455 $298 5.76%
    Other 11 $625,000 $56,818 $99 5.76%

    For 2020, Excite Credit Union's most frequently cited loan purpose was Refi, with 184 originations. The 2nd most popular reason was Cash Out Refi, with 134 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 244 $90,080,000 $369,180 $3,913 2.94%
    15 Year 84 $17,050,000 $202,976 $2,379 3.14%
    20 Year 35 $8,475,000 $242,143 $3,534 2.84%
    5 Year 9 $345,000 $38,333 $113 4.93%
    10 Year 1 $155,000 $155,000 $0 5.49%

    For 2020, Excite Credit Union's most frequently cited loan duration was 30 Year, with 244 originations. The 2nd most popular length was 15 Year, with 84 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 129 $30,695,000 $237,946
    $1k-2k 115 $40,775,000 $354,565
    $2k-3k 48 $12,400,000 $258,333
    $3k-4k 37 $14,375,000 $388,514
    $5k+ 29 $12,685,000 $437,414
    $4k-5k 13 $4,705,000 $361,923

    Excite Credit Union's average total fees were $3,913, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 129 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 242 $87,350,000 $360,950
    <2.5% 66 $15,170,000 $229,848
    3-4% 45 $12,305,000 $273,444
    5-6% 11 $765,000 $69,545
    7-8% 4 $210,000 $52,500
    4-5% 3 $185,000 $61,667
    6-7% 2 $120,000 $60,000

    During 2020, Excite Credit Union's average interest rate for loans was 2.94%, while their most frequently originated rate bucket for loans was 2.5-3%, with 242 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 114 $17,150,000 $150,439 $2,931 2.93%
    $200k-400k 106 $30,130,000 $284,245 $3,597 2.86%
    $400k-600k 84 $40,120,000 $477,619 $4,224 2.88%
    $100,000 or less 34 $1,890,000 $55,588 $1,223 4.43%
    $600k-1MM 33 $23,325,000 $706,818 $4,703 2.93%
    $1MM+ 2 $3,490,000 $1,745,000 $5,404 2.88%

    2020 saw Excite Credit Union place emphasis on $100k-200k loans with 114 originations, totaling $17,150,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 88 $39,760,000 $451,818 $3,995 3.04%
    $100k-150k 85 $28,375,000 $333,824 $3,274 2.86%
    $50k-75k 72 $12,510,000 $173,750 $2,793 3.03%
    $75k-100k 63 $15,245,000 $241,984 $3,190 3.12%
    $50k or less 35 $5,385,000 $153,857 $3,097 3.13%
    $250k+ 30 $14,830,000 $494,333 $4,564 3.22%

    Excite Credit Union lent most frequently to those with incomes in the $150k-250k range, with 88 originations. The second most popular income band? $100k-150k, with 85 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 98 $29,620,000 $302,245 $3,424 2.97%
    30-36% 77 $29,995,000 $389,545 $4,086 2.88%
    <20% 43 $11,385,000 $264,767 $3,042 2.97%
    38% 17 $4,375,000 $257,353 $3,188 3.21%
    36% 14 $3,820,000 $272,857 $2,877 3.23%
    37% 14 $3,840,000 $274,286 $3,253 3.31%
    45% 13 $4,775,000 $367,308 $3,938 2.94%
    48% 13 $3,505,000 $269,615 $4,042 3.21%
    41% 13 $3,815,000 $293,462 $3,608 3.04%
    44% 12 $4,170,000 $347,500 $4,101 3.21%
    40% 10 $2,330,000 $233,000 $2,310 2.89%
    43% 9 $2,675,000 $297,222 $3,122 2.99%
    46% 7 $1,605,000 $229,286 $2,349 3.43%
    42% 6 $1,050,000 $175,000 $3,353 2.73%
    39% 6 $1,810,000 $301,667 $1,833 3.23%
    47% 5 $1,015,000 $203,000 $3,359 2.75%
    49% 5 $1,535,000 $307,000 $4,896 2.75%
    50-60% 5 $495,000 $99,000 $0 5.19%
    >60% 5 $3,585,000 $717,000 $2,506 2.93%

    Excite Credit Union lent most frequently to those with DTI ratios of 20-30%, with 98 originations. The next most common DTI ratio? 30-36%, with 77 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 284 $82,190,000 $289,401 $3,415 3.07%
    Asian 36 $17,520,000 $486,667 $3,764 2.90%
    Not provided 30 $10,710,000 $357,000 $3,340 2.97%
    Black 13 $1,825,000 $140,385 $2,877 2.90%
    Other Asian 2 $1,060,000 $530,000 $2,407 2.88%
    Chinese 2 $950,000 $475,000 $2,884 3.00%
    Filipino 2 $700,000 $350,000 $5,116 2.69%
    Vietnamese 1 $465,000 $465,000 $3,598 2.63%
    Native Hawaiian or Islander 1 $365,000 $365,000 $1,822 2.50%
    Other Pacific Islander 1 $185,000 $185,000 $6,227 3.00%
    American Indian 1 $135,000 $135,000 $2,154 2.88%

    Approval Rates

    Total approvals of all applications
    81.63%

    Excite Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    90.88%

    Excite Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 373 $116,105,000 $311,273

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 373 $116,105,000 $311,273

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 87 $26,365,000 $303,046 $3,459 2.88%
    40-60% 95 $30,255,000 $318,474 $3,286 2.84%
    60-80% 117 $45,155,000 $385,940 $4,000 2.89%
    80-100% 32 $9,010,000 $281,563 $4,300 3.08%
    Under 20% 42 $5,320,000 $126,667 $1,430 4.17%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    EUSTIS MORTGAGE CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%