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

Placerville, CA

LEI: 549300KLBHBLTPBU7507

Tax ID: 94-1400676

5 stars - Updated: 6/23/24 - out of 5 stars, based on 8 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

El Dorado Savings Bank F.s.b. is a smaller bank specializing in Home Purchase and Refi loans. El Dorado Savings Bank F.s.b. has a high proportion of conventional loans. Their top markets by origination volume include: Sacramento, Sonora, Reno, Gardnerville Ranchos, and Carson City among others. We have data for 6 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 relatively high 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 5.41% 6/23/24
30 Year Conventional Refi 5.51% 6/23/24
15 Year Conventional Purchase 5.12% 6/23/24
15 Year Conventional Refi 5.25% 6/23/24
15 Year Cash-out Refi 5.25% 6/23/24
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.

El Dorado Savings Bank F.s.b. Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from El Dorado Savings Bank F.s.b.. 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

68

Origination Dollar Volume (All Markets)

$23,020,000

Awards

El Dorado Savings Bank F.S.B. 30 Year Conventional Loans gold El Dorado Savings Bank F.S.B. 30 Year Conventional Loans gold El Dorado Savings Bank F.S.B. 30 Year Conventional Loans gold
Show all (3) awards

Relative Rate

El Dorado Savings Bank F.s.b.'s average 30 year fixed mortgage rate was 6.01%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.47%.

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 $3,709.

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 $9,089.

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) 45 $17,915,000 $398,111 $3,631 5.86%
Outside of Metro Areas 16 $3,590,000 $224,375 $2,636 5.77%
Sonora, CA (FHA|USDA|VA) 3 $805,000 $268,333 $4,823 5.58%
RENO, NV (FHA|USDA|VA) 2 $350,000 $175,000 $2,513 5.88%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $235,000 $235,000 $3,948 4.88%
CARSON CITY, NV (FHA|USDA|VA) 1 $125,000 $125,000 $3,238 5.75%
El Dorado Savings Bank F.s.b.'s top markets include Sacramento, Sonora, Reno, Gardnerville Ranchos, and Carson City 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.

    GREATER NEVADA LLC
    Similarity Rank: 36
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 68 $23,020,000 $338,529 $3,415 5.81%

    For 2023, El Dorado Savings Bank F.s.b.'s most frequently originated type of loan was Conventional, with 68 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 30 $12,490,000 $416,333 $4,068 5.85%
    Refi 29 $8,555,000 $295,000 $2,972 5.77%
    Home Improvement 8 $1,680,000 $210,000 $2,430 5.86%
    Other 1 $295,000 $295,000 $4,557 5.50%

    For 2023, El Dorado Savings Bank F.s.b.'s most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 47 $17,165,000 $365,213 $3,709 6.01%
    15 Year 10 $3,810,000 $381,000 $2,910 5.25%
    10 Year 5 $825,000 $165,000 $2,566 5.40%
    20 Year 4 $1,080,000 $270,000 $3,037 5.81%
    5 Year 2 $140,000 $70,000 $1,910 4.88%

    For 2023, El Dorado Savings Bank F.s.b.'s most frequently cited loan duration was 30 Year, with 47 originations. The 2nd most popular length was 15 Year, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 49 $17,295,000 $352,959
    $1k-2k 5 $785,000 $157,000
    $3k-4k 5 $1,545,000 $309,000
    $2k-3k 4 $940,000 $235,000
    $4k-5k 3 $1,285,000 $428,333
    $5k+ 2 $1,170,000 $585,000

    El Dorado Savings Bank F.s.b.'s average total fees were $3,709, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 49 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 46 $15,980,000 $347,391
    6-7% 16 $6,000,000 $375,000
    4-5% 6 $1,040,000 $173,333

    During 2023, El Dorado Savings Bank F.s.b.'s average interest rate for loans was 6.01%, while their most frequently originated rate bucket for loans was 5-6%, with 46 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 30 $8,560,000 $285,333 $3,236 5.78%
    $400k-600k 17 $8,005,000 $470,882 $4,102 5.99%
    $100k-200k 9 $1,265,000 $140,556 $2,451 5.76%
    $600k-1MM 7 $4,865,000 $695,000 $4,582 5.96%
    $100,000 or less 5 $325,000 $65,000 $2,256 5.25%

    2023 saw El Dorado Savings Bank F.s.b. place emphasis on $200k-400k loans with 30 originations, totaling $8,560,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 20 $5,830,000 $291,500 $3,056 5.63%
    $150k-250k 17 $7,145,000 $420,294 $3,876 5.88%
    $250k+ 11 $5,555,000 $505,000 $4,340 5.76%
    $75k-100k 10 $2,520,000 $252,000 $2,948 5.98%
    $50k-75k 5 $1,015,000 $203,000 $3,278 5.85%
    $50k or less 4 $620,000 $155,000 $1,855 6.09%

    El Dorado Savings Bank F.s.b. lent most frequently to those with incomes in the $100k-150k range, with 20 originations. The second most popular income band? $150k-250k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 18 $5,450,000 $302,778 $3,461 5.78%
    <20% 11 $3,415,000 $310,455 $4,126 5.63%
    30-36% 9 $2,645,000 $293,889 $3,229 5.69%
    50-60% 9 $3,065,000 $340,556 $3,249 6.03%
    37% 4 $1,390,000 $347,500 $4,008 5.63%
    38% 3 $1,275,000 $425,000 $3,156 6.00%
    40% 3 $915,000 $305,000 $2,746 5.92%
    46% 2 $530,000 $265,000 $2,232 6.00%
    43% 2 $760,000 $380,000 $3,247 5.88%
    45% 2 $1,460,000 $730,000 $3,349 6.00%
    >60% 1 $245,000 $245,000 $1,793 7.00%
    39% 1 $405,000 $405,000 $1,922 5.13%
    42% 1 $445,000 $445,000 $2,144 5.75%
    44% 1 $565,000 $565,000 $6,525 5.75%
    48% 1 $455,000 $455,000 $2,460 6.00%

    El Dorado Savings Bank F.s.b. lent most frequently to those with DTI ratios of 20-30%, with 18 originations. The next most common DTI ratio? <20%, with 11 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 57 $19,465,000 $341,491 $3,356 5.83%
    Asian 5 $1,805,000 $361,000 $4,140 5.33%
    Asian Indian 2 $710,000 $355,000 $4,312 5.88%
    American Indian 2 $680,000 $340,000 $2,941 6.50%
    Not provided 1 $305,000 $305,000 $2,660 5.50%
    Native Hawaiian 1 $55,000 $55,000 $3,068 5.75%

    Approval Rates

    Total approvals of all applications
    87.16%

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

    Pick Rate

    Approvals leading to origination
    69.12%

    El Dorado Savings Bank F.s.b. has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 68 $23,020,000 $338,529

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    68 $23,020,000 $338,529

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $3,830,000 $273,571 $3,453 5.80%
    40-60% 17 $6,495,000 $382,059 $3,098 5.83%
    60-80% 23 $9,245,000 $401,957 $3,755 5.86%
    80-100% 6 $2,650,000 $441,667 $4,460 5.90%
    Under 20% 8 $800,000 $100,000 $2,262 5.56%