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, Sacramento, and Oxnard among others. We have data for 22 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

    257

    Origination Dollar Volume (All Markets)

    $83,425,000

    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

    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) 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.

    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.

    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 624
    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 1134
    1ST NORTHERN CALIFORNIA
    Similarity Rank: 1164
    CAROLINA TRUST FEDERAL CREDIT UNION
    Similarity Rank: 1225
    CommonWealth Central Credit Union
    Similarity Rank: 1428
    Mortgage Assurance Inc.
    Similarity Rank: 1512
    CAPITAL CENTER, L.L.C.
    Similarity Rank: 1716
    SAN FRANCISCO FEDERAL CREDIT UNION
    Similarity Rank: 2191
    Uwharrie Bank
    Similarity Rank: 2303
    Southern Bank and Trust Company
    Similarity Rank: 2508

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 257 $83,425,000 $324,611 $3,841 2.94%

    For 2021, Excite Credit Union's most frequently originated type of loan was Conventional, with 257 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Excite Credit Union's most frequently cited loan purpose was Refi, with 112 originations. The 2nd most popular reason was 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 2021, Excite Credit Union's most frequently cited loan duration was 30 Year, with 193 originations. The 2nd most popular length was 15 Year, with 43 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 134 $39,180,000 $292,388
    $2k-3k 46 $11,550,000 $251,087
    $3k-4k 29 $13,575,000 $468,103
    $<1k 26 $7,510,000 $288,846
    $5k+ 14 $8,510,000 $607,857
    $4k-5k 4 $2,420,000 $605,000

    Excite Credit Union's average total fees were $4,017, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.00%, while their most frequently originated rate bucket for loans was 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 applications
    84.37%

    Excite Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    71.21%

    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%