Bank in San Ramon Mortgage Interest Rate and Cost Review

Is Bank in San Ramon a cheap or expensive mortgage lender? We compare the interest rates and closing costs charged by Bank in San Ramon with other lenders for comparable mortgages. Nationally, here is what we find:

Interest Ratesimilar to average (+0.03%)
Loan Related Closing Costssimilar to average (-$208)
National Rate and Closing Cost Rating(3.5)
Websitehttps://www.bankofthewest.com

On average, Bank in San Ramon’s interest rates were similar to those of other lenders (+0.03%) for a comparable set of borrowers. Its average total loan related closing cost was similar to those of other lenders, with a difference of -$208. Overall, combining interest rates and closing costs we estimate that Bank in San Ramon tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 3.5 out of 5.0 stars.

Bank in San Ramon’s Rates by Area

Mortgage lenders often set different rates in different geographical markets. In particular, among the markets we track Bank in San Ramon was most active in:

  1. Los Angeles, CA
  2. San Francisco, CA
  3. Denver, CO
  4. San Jose, CA
  5. Stockton, CA

You can click through to check out Bank in San Ramon’s mortgage rate competitiveness by area. Or, for our data driven ranking of all the top mortgage lenders by area, click here.

Bank in San Ramon’s Rates by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Bank in San Ramon originated Conforming, FHA, Jumbo, USDA and VA mortgages for new home purchases. It also originated Conforming, FHA, Jumbo and VA mortgages for refinances. We breakdown its interest rate and total loan related closing cost difference relative to other lenders for comparable mortgages by type in the table below.

Purchase/Refinance:
New Purchase MortgagesConformingFHAJumboUSDAVA
Interest Rate Difference-0.04%-0.01%+0.04%-0.01%+0.00%
Loan Related Closing Cost Difference-$328-$40-$98+$8-$4
Cost Adjusted Rate Difference-0.05%-0.01%+0.03%-0.00%+0.00%
Star Rating(4.0)(3.5)(3.5)(3.5)(3.5)
Refinance MortgagesConformingFHAJumboVA
Interest Rate Difference+0.07%+0.00%+0.08%+0.00%
Loan Related Closing Cost Difference-$196-$92-$36-$35
Cost Adjusted Rate Difference+0.06%-0.00%+0.08%+0.00%
Star Rating(3.0)(3.5)(3.0)(3.5)

As a summary, Bank in San Ramon is cheap for Conforming purchase mortgages. It is similar to other lenders for FHA, Jumbo, USDA and VA purchase mortgages. For refinancing mortgages, Bank in San Ramon is similar to other lenders for FHA and VA mortgage refinance. It is more expensive than other lenders for Conforming and Jumbo mortgage refinance. Nevertheless, individual circumstances can matter, and we always recommend shopping among several lenders in your area before signing.

Other information about Bank in San Ramon:

Registered name: Bank Of The West
Registered city and state: SAN RAMON, CA, 94583
Regulator: Consumer Financial Protection Bureau (CFPB)
Top holder: BNP PARIBAS

* 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 Bank in San Ramon’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.