What is Excite Credit Union?
Excite Credit Union is a financial institution that offers a wide range of services to its members. They offer checking and savings accounts, loans, mortgages, investments, and more. The credit union was founded in 1981 and is headquartered in Oakland, California. They have branches in California, Oregon, and Washington and are a member of the National Credit Union Administration (NCUA).
What Types of Mortgages Does Excite Credit Union Offer?
Excite Credit Union offers a variety of mortgage options, including fixed-rate and adjustable-rate mortgages (ARMs). Their fixed-rate mortgages come in 30-year, 20-year, 15-year, and 10-year terms and are available with a variety of down payment and closing cost options. Their ARMs are available in 3/1, 5/1, 7/1, and 10/1 terms.
What Are Excite Credit Union’s Mortgage Rates?
Excite Credit Union’s mortgage rates vary depending on the type of loan you choose, your credit score, and other factors. As of 2023, the average fixed-rate mortgage rate for a 30-year term is 3.74%, while the average adjustable-rate mortgage rate for a 3/1 ARM is 3.63%. These rates are subject to change and may vary depending on your individual circumstances.
What Fees Does Excite Credit Union Charge for Mortgages?
In addition to interest rates, Excite Credit Union also charges various fees on its mortgages. These include origination fees, appraisal fees, title insurance fees, and other miscellaneous fees. These fees vary depending on the type of mortgage you choose and the amount you borrow. Be sure to ask your loan officer for an estimate of all of the fees associated with your loan.
What Are the Advantages of Getting a Mortgage Through Excite Credit Union?
Getting a mortgage through Excite Credit Union can offer several advantages. They offer competitive rates and fees and can provide personalized service to their members. They also offer a variety of loan programs, including special programs for veterans and first-time homebuyers. Lastly, Excite Credit Union is a member of the NCUA, which means your deposits are insured up to $250,000.
How Do I Apply for a Mortgage at Excite Credit Union?
Applying for a mortgage at Excite Credit Union is easy. You can apply online, over the phone, or in person. When you apply, you will need to provide basic information such as your name, address, income, and Social Security number. You may also need to provide documents such as bank statements, W-2s, and other proof of income. Once your loan is approved, you can begin the process of closing on your loan.
What Documents Do I Need to Complete My Mortgage Application?
When you apply for a mortgage, you will need to provide the credit union with a variety of documents. These include proof of income, bank statements, W-2s, and other financial documents. You may also need to provide proof of homeowners insurance, a copy of the sales contract, and other documents. Be sure to ask your loan officer for a list of the documents you will need to provide.
Does Excite Credit Union Offer Any Special Programs?
Yes, Excite Credit Union offers a variety of special programs to help their members get the best mortgage rates. These include special programs for veterans, first-time homebuyers, and those with low-to-moderate incomes. They also offer a refinancing program for those who wish to lower their monthly payments or switch from an adjustable-rate mortgage to a fixed-rate mortgage.
How Do I Contact Excite Credit Union?
If you have any questions about Excite Credit Union’s mortgage rates, fees, or programs, you can contact them by phone at 1-800-EXCITE (1-800-392-4883) or online at www.excitecu.org. Excite Credit Union is open Monday through Friday from 8am to 6pm Pacific Time.
