El Dorado Savings Bank F.s.b. Mortgage Rates, Fees & Info

Placerville, CA

LEI: 549300KLBHBLTPBU7507

Tax ID: 94-1400676

5 stars - out of 5 stars, based on 19 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    El Dorado Savings Bank F.s.b. is a smaller bank specializing in loans. El Dorado Savings Bank F.s.b. has a high proportion of conventional loans. Their top markets by origination volume include: Sacramento, Truckee, Sonora, Gardnerville Ranchos, and Reno among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    El Dorado Savings Bank F.s.b. 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. El Dorado Savings Bank F.s.b. 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 5.41% 3/23/23
    30 Year Conventional Refi 5.51% 3/23/23
    15 Year Conventional Purchase 5.12% 3/23/23
    15 Year Conventional Refi 5.25% 3/23/23
    15 Year Cash-out Refi 5.25% 3/23/23
    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.


    Originations

    371

    Origination Dollar Volume (All Markets)

    $105,455,000
    Show all (9) awards

    Relative Rate

    El Dorado Savings Bank F.s.b.'s average 30 year fixed mortgage rate was 3.23%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -1.53%.

    Relative Fees (Closing Costs)

    El Dorado Savings Bank F.s.b.'s average total fees/closing costs for a 30 year fixed rate mortgage were $3,521.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 261 $76,535,000 $293,238 $3,137 3.03%
    Outside of Metro Areas 61 $13,935,000 $228,443 $3,055 3.02%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 19 $6,605,000 $347,632 $4,097 2.96%
    Sonora, CA (FHA|USDA|VA) 11 $2,945,000 $267,727 $3,214 3.30%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 10 $2,610,000 $261,000 $3,726 2.44%
    RENO, NV (FHA|USDA|VA) 6 $2,040,000 $340,000 $2,948 3.44%
    CARSON CITY, NV (FHA|USDA|VA) 3 $785,000 $261,667 $3,912 2.71%
    El Dorado Savings Bank F.s.b.'s top markets include Sacramento, Truckee, Sonora, Gardnerville Ranchos, and Reno among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against El Dorado Savings Bank F.S.B. 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: 567
    ALL WESTERN MORTGAGE, INC.
    Similarity Rank: 696
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 840
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 936
    GREATER NEVADA LLC
    Similarity Rank: 1035
    VICTORIA FINANCIAL CORP.
    Similarity Rank: 1452
    SUMMIT MORTGAGE BANKERS INC.
    Similarity Rank: 1792
    Provident Credit Union
    Similarity Rank: 2125
    Sierra Central Credit Union
    Similarity Rank: 2144
    San Mateo Credit Union
    Similarity Rank: 2380

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 371 $105,455,000 $284,245 $3,194 3.02%

    For 2022, El Dorado Savings Bank F.s.b.'s most frequently originated type of loan was Conventional, with 371 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 283 $81,965,000 $289,629 $3,160 2.85%
    Home Purchase 44 $14,980,000 $340,455 $4,292 3.79%
    Home Improvement 30 $5,210,000 $173,667 $2,383 3.45%
    Other 14 $3,300,000 $235,714 $2,166 3.15%

    For 2022, El Dorado Savings Bank F.s.b.'s most frequently cited loan purpose was Refi, with 283 originations. The 2nd most popular reason was Home Purchase, with 44 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 224 $74,090,000 $330,759 $3,521 3.23%
    15 Year 74 $15,260,000 $206,216 $2,627 2.71%
    10 Year 40 $7,930,000 $198,250 $2,632 2.72%
    20 Year 29 $7,565,000 $260,862 $3,002 2.69%
    5 Year 2 $280,000 $140,000 $2,028 1.88%
    Other 2 $330,000 $165,000 $2,813 2.69%

    For 2022, El Dorado Savings Bank F.s.b.'s most frequently cited loan duration was 30 Year, with 224 originations. The 2nd most popular length was 15 Year, with 74 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 217 $63,535,000 $292,788
    $1k-2k 43 $5,215,000 $121,279
    $2k-3k 43 $9,175,000 $213,372
    $3k-4k 40 $12,670,000 $316,750
    $5k+ 17 $10,225,000 $601,471
    $4k-5k 11 $4,635,000 $421,364

    El Dorado Savings Bank F.s.b.'s average total fees were $3,521, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 217 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 133 $44,395,000 $333,797
    <2.5% 117 $26,305,000 $224,829
    3-4% 63 $16,875,000 $267,857
    4-5% 48 $15,240,000 $317,500
    5-6% 8 $2,290,000 $286,250
    6-7% 2 $350,000 $175,000

    During 2022, El Dorado Savings Bank F.s.b.'s average interest rate for loans was 3.23%, 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 164 $46,340,000 $282,561 $3,298 3.04%
    $100k-200k 95 $14,205,000 $149,526 $2,421 2.92%
    $400k-600k 57 $27,415,000 $480,965 $4,108 3.02%
    $100,000 or less 33 $2,085,000 $63,182 $1,978 2.97%
    $600k-1MM 21 $14,405,000 $685,952 $5,317 3.40%
    $1MM+ 1 $1,005,000 $1,005,000 $3,201 3.38%

    2022 saw El Dorado Savings Bank F.s.b. place emphasis on $200k-400k loans with 164 originations, totaling $46,340,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 90 $26,050,000 $289,444 $3,477 2.87%
    $150k-250k 70 $25,230,000 $360,429 $3,581 3.10%
    $50k-75k 68 $15,160,000 $222,941 $2,898 2.90%
    $75k-100k 56 $14,990,000 $267,679 $3,032 3.18%
    $50k or less 51 $7,255,000 $142,255 $2,201 3.06%
    $250k+ 31 $15,045,000 $485,323 $4,100 3.24%

    El Dorado Savings Bank F.s.b. lent most frequently to those with incomes in the $100k-150k range, with 90 originations. The second most popular income band? $150k-250k, with 70 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 117 $33,195,000 $283,718 $3,266 2.88%
    <20% 72 $17,150,000 $238,194 $3,106 2.92%
    30-36% 59 $19,305,000 $327,203 $3,135 3.17%
    50-60% 26 $7,550,000 $290,385 $2,769 3.13%
    >60% 14 $2,810,000 $200,714 $2,083 2.63%
    40% 14 $5,130,000 $366,429 $3,568 3.01%
    36% 8 $2,550,000 $318,750 $5,214 3.27%
    37% 8 $2,000,000 $250,000 $3,186 3.34%
    38% 7 $2,025,000 $289,286 $3,058 3.46%
    44% 6 $1,920,000 $320,000 $4,233 3.00%
    39% 6 $1,010,000 $168,333 $2,080 3.23%
    42% 6 $1,800,000 $300,000 $2,767 2.92%
    43% 6 $1,800,000 $300,000 $2,941 3.06%
    49% 6 $2,170,000 $361,667 $3,695 3.25%
    41% 5 $1,455,000 $291,000 $4,218 3.30%
    45% 4 $1,310,000 $327,500 $2,263 3.19%
    48% 3 $1,205,000 $401,667 $5,032 3.88%
    47% 2 $640,000 $320,000 $5,457 3.25%
    46% 2 $430,000 $215,000 $2,112 4.44%

    El Dorado Savings Bank F.s.b. lent most frequently to those with DTI ratios of 20-30%, with 117 originations. The next most common DTI ratio? <20%, with 72 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 331 $93,765,000 $283,278 $3,245 3.05%
    Not provided 20 $4,990,000 $249,500 $2,825 2.62%
    Asian 13 $3,715,000 $285,769 $2,630 2.75%
    American Indian 2 $1,130,000 $565,000 $3,498 2.94%
    Black 1 $605,000 $605,000 $2,728 2.63%
    Vietnamese 1 $455,000 $455,000 $2,510 3.00%
    Japanese 1 $375,000 $375,000 $2,348 3.75%
    Asian Indian 1 $315,000 $315,000 $2,839 3.13%
    Chinese 1 $105,000 $105,000 $2,802 3.50%

    Approval Rates

    Total approvals of all applications
    88.47%

    El Dorado Savings Bank F.s.b. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.33%

    El Dorado Savings Bank F.s.b. has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 371 $105,455,000 $284,245

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    371 $105,455,000 $284,245

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 122 $26,320,000 $215,738 $2,755 2.80%
    40-60% 118 $41,040,000 $347,797 $3,492 3.08%
    60-80% 77 $31,655,000 $411,104 $4,106 3.14%
    80-100% 7 $2,395,000 $342,143 $4,045 4.02%
    Under 20% 47 $4,045,000 $86,064 $1,969 3.09%