El Dorado Savings Bank Mortgage Interest Rate and Cost Review

Is El Dorado Savings Bank a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by El Dorado Savings Bank to those of other lenders for a comparable set of borrowers. Here is our review of El Dorado Savings Bank nationally:

Review ItemEl Dorado Savings Bank
Interest Ratelower than other lenders (-0.29%)
Loan Related Closing Costssimilar to other lenders (-$188)
National Rate and Closing Cost Star Rating(5)

On average, El Dorado Savings Bank’s interest rates were lower than those of other lenders (-0.29%). On the other hand, its loan related closing costs were similar to those of other lenders, with a difference of -$188. Overall, combining interest rates and closing costs we estimate that El Dorado Savings Bank tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 5 out of 5 stars. This is a fantastic rating and places it among the top 5% of lenders nationwide.

We maintain our independence by not accepting any money from the mortgage lenders we review. To visit El Dorado Savings Bank, check out its website at: https://www.eldoradosavingsbank.com.

El Dorado Savings Bank’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders by city, click here. In particular, among the cities we track El Dorado Savings Bank was most active in:

  1. Stockton, CA
  2. Sacramento, CA
  3. Modesto, CA
  4. Reno, NV
  5. Mammoth Lakes, CA

In addition, El Dorado Savings Bank is our top ranked/best mortgage lender in terms of interest rate and closing costs in:

El Dorado Savings Bank’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, El Dorado Savings Bank originated Conforming and Jumbo mortgages for new home purchases and refinances. Its average interest rate and total loan related closing cost difference relative to other lenders by mortgages type is as follows.

New Purchase MortgagesConformingJumbo
Interest Rate Difference-0.08%-0.01%
Loan Related Closing Cost Difference-$99+$18
Cost Adjusted Rate Difference-0.09%-0.01%
National Star Rating(4)(3.5)
Refinance MortgagesConformingJumbo
Interest Rate Difference-0.33%-0.01%
Loan Related Closing Cost Difference-$205+$12
Cost Adjusted Rate Difference-0.36%-0.01%
Average Star Rating(5)(3.5)

As a summary, El Dorado Savings Bank is cheap for Conforming purchase mortgages. It is similar to other lenders for Jumbo purchase mortgages. For refinancing, El Dorado Savings Bank is cheap for Conforming mortgage refinance. It is similar to other lenders for Jumbo mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about El Dorado Savings Bank:

Registered name: El Dorado Savings Bank FSB
Registered city and state: PLACERVILLE, CA, 95667
Regulator: Office of the Comptroller of the Currency (OCC)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for El Dorado Savings Bank’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.