Excite Credit Union Mortgage Lending & HMDA Data, 2012
In 2012, Excite Credit Union of San Jose, CA reported 274 mortgage applications totaling $59.5 million, up 106% from 2011. The average application was for $217,281, and applicants reported an average income of $93,456. 35% of its applications resulted in an originated loan and 28% were denied. Its largest markets were San Jose-Sunnyvale-Santa Clara, CA (60), Wilmington, NC (34) and Oakland-Fremont-Hayward, CA (9) (applications in parentheses).
| Mortgage Company & Address | Excite Credit Union 3315 Almaden Expy, Suite 55 San Jose, CA 95119 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 274 |
| Total Mortgage Loan Application Amount | $59,535,000 |
| Average Mortgage Loan Application Amount | $217,281 |
| Highest Mortgage Loan Application Amount | $575,000 |
| Average Applicant Income | $93,456 |
| Highest Applicant Income | $310,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Excite Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Santa Clara, California | 56 | $ 13,494,000 | $ 240,964 | $ 106,000 |
| New Hanover, North Carolina | 29 | $ 4,778,000 | $ 164,758 | $ 93,000 |
| Alameda, California | 8 | $ 2,328,000 | $ 291,000 | $ 137,000 |
| San Benito, California | 4 | $ 984,000 | $ 246,000 | $ 67,000 |
| Pender, North Carolina | 4 | $ 606,000 | $ 151,500 | $ 153,000 |
| Brunswick, North Carolina | 3 | $ 518,000 | $ 172,666 | $ 113,000 |
| Contra Costa, California | 2 | $ 279,000 | $ 139,500 | $ 99,000 |
| Merced, California | 2 | $ 150,000 | $ 75,000 | $ 54,000 |
| Los Angeles, California | 1 | $ 208,000 | $ 208,000 | $ 111,000 |
| Madera, California | 1 | $ 175,000 | $ 175,000 | $ 310,000 |
| Monterey, California | 1 | $ 224,000 | $ 224,000 | $ 65,000 |
| Orange, California | 1 | $ 260,000 | $ 260,000 | $ 229,000 |
| Riverside, California | 1 | $ 80,000 | $ 80,000 | $ 36,000 |
| San Joaquin, California | 1 | $ 125,000 | $ 125,000 | $ 85,000 |
| San Mateo, California | 1 | $ 247,000 | $ 247,000 | $ 140,000 |
| Ashe, North Carolina | 1 | $ 90,000 | $ 90,000 | $ 103,000 |
Mortgage Loan Application Detail Totals for Excite Credit Union in 2012
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Refinancing | 188 | $41,171,000 | $218,000 | $504,000 | $101,000 | $310,000 |
| Home Purchase | 83 | $18,268,000 | $220,000 | $575,000 | $77,000 | $243,000 |
| Home Improvement | 3 | $96,000 | $32,000 | $51,000 | $76,000 | $96,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 155 | $32,913,000 | $212,000 | $575,000 | $97,000 | $271,000 |
| Not Provided | 51 | $10,881,000 | $213,000 | $500,000 | $96,000 | $310,000 |
| Hispanic | 34 | $6,796,000 | $199,000 | $475,000 | $71,000 | $165,000 |
| Asian | 22 | $6,489,000 | $294,000 | $450,000 | $113,000 | $243,000 |
| Black or African American | 9 | $1,579,000 | $175,000 | $360,000 | $66,000 | $116,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $877,000 | $292,000 | $397,000 | $78,000 | $88,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 274 | $59,535,000 | $217,000 | $575,000 | $94,000 | $310,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 95 | $19,265,000 | $202,000 | $504,000 | $106,000 | $271,000 |
| Application Denied By Financial Institution | 76 | $15,133,000 | $199,000 | $475,000 | $71,000 | $188,000 |
| Application Withdrawn By Applicant | 68 | $16,848,000 | $247,000 | $575,000 | $107,000 | $310,000 |
| Application Approved But Not Accepted | 25 | $5,780,000 | $231,000 | $464,000 | $92,000 | $280,000 |
| File Closed For Incompleteness | 7 | $1,629,000 | $232,000 | $405,000 | $67,000 | $134,000 |
| Preapproval Approved but not Accepted | 2 | $579,000 | $289,000 | $417,000 | $54,000 | $74,000 |
| Preapproval Denied by Financial Institution | 1 | $301,000 | $301,000 | $301,000 | $71,000 | $71,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Credit History | 35 | $7,656,000 | $218,000 | $475,000 | $86,000 | $188,000 |
| Debt-To-Income Ratio | 21 | $4,379,000 | $208,000 | $435,000 | $48,000 | $111,000 |
| Collateral | 14 | $2,266,000 | $161,000 | $360,000 | $65,000 | $116,000 |
| Employment History | 3 | $597,000 | $199,000 | $417,000 | $90,000 | $155,000 |
| Other | 2 | $345,000 | $172,000 | $264,000 | $74,000 | $121,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Excite Credit Union's 2012 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Excite Credit Union's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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with aggregated HMDA statistics today.
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