Fremont Bank Mortgage Rates, Fees & Info

Fremont, CA

LEI: 5493006F1N8E3EEF3W63

Tax ID: 94-1569025

5 stars - out of 5 stars, based on 120 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Fremont Bank is a mid-sized bank specializing in Refi and Cash Out Refi loans. Fremont Bank has a high proportion of conventional loans. Their top markets include San Francisco, San Jose, Los Angeles, Sacramento, and Stockton among others. Fremont Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Fremont Bank is typically a low fee lendor.


Originations

14,361

Origination Dollar Volume (All Markets)

$5,237,725,000

Employee count

934 Show all (27) awards

Relative Rate

Fremont Bank's average 30 year fixed rate mortgage of loans were 3.46%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.31%.

Relative Fees

Fremont Bank's average total fees for a 30 year fixed rate mortgage are $2,283.

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

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 7,311 $2,657,865,000 $363,543 $1,478 3.28%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1,633 $662,185,000 $405,502 $1,676 3.34%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1,262 $604,500,000 $479,002 $4,975 3.28%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 774 $216,310,000 $279,470 $1,349 3.16%
STOCKTON, CA (FHA|USDA|VA) 549 $141,755,000 $258,206 $868 3.28%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 265 $100,635,000 $379,755 $2,481 3.20%
SALINAS, CA (FHA|USDA|VA) 275 $97,875,000 $355,909 $1,373 3.30%
VALLEJO, CA (FHA|USDA|VA) 304 $95,640,000 $314,605 $1,170 3.17%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 221 $93,885,000 $424,819 $2,817 3.02%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 183 $79,475,000 $434,290 $3,293 3.24%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 221 $75,025,000 $339,480 $3,040 3.29%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 182 $74,500,000 $409,341 $1,732 3.25%
MODESTO, CA (FHA|USDA|VA) 210 $47,350,000 $225,476 $764 3.05%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 101 $45,235,000 $447,871 $4,233 3.29%
Outside of Metro Areas 163 $42,415,000 $260,215 $1,709 3.15%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 93 $33,855,000 $364,032 $2,260 3.09%
Truckee-Grass Valley, CA (FHA|USDA|VA) 78 $27,720,000 $355,385 $2,891 3.02%
NAPA, CA (FHA|USDA|VA) 72 $26,180,000 $363,611 $1,522 3.31%
FRESNO, CA (FHA|USDA|VA) 86 $21,760,000 $253,023 $2,646 2.95%
CHICO, CA (FHA|USDA|VA) 67 $13,955,000 $208,284 $880 3.05%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 36 $9,160,000 $254,444 $591 2.98%
MERCED, CA (FHA|USDA|VA) 38 $8,820,000 $232,105 $1,350 3.06%
RENO, NV (FHA|USDA|VA) 30 $8,810,000 $293,667 $544 3.03%
Sonora, CA (FHA|USDA|VA) 35 $8,005,000 $228,714 $1,414 3.02%
YUBA CITY, CA (FHA|USDA|VA) 24 $6,480,000 $270,000 $1,641 3.39%
REDDING, CA (FHA|USDA|VA) 27 $6,345,000 $235,000 $1,414 3.03%
BAKERSFIELD, CA (FHA|USDA|VA) 23 $5,305,000 $230,652 $1,663 3.00%
Ukiah, CA (FHA|USDA|VA) 18 $5,150,000 $286,111 $924 2.94%
MADERA, CA (FHA|USDA|VA) 17 $3,995,000 $235,000 $1,353 2.95%
VISALIA, CA (FHA|USDA|VA) 10 $3,640,000 $364,000 $1,029 2.94%
Clearlake, CA (FHA|USDA|VA) 11 $2,865,000 $260,455 $551 3.32%
Red Bluff, CA (FHA|USDA|VA) 9 $2,495,000 $277,222 $1,776 3.21%
Gardnerville Ranchos, NV (FHA|USDA|VA) 9 $1,975,000 $219,444 $498 3.15%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $1,935,000 $645,000 $495 4.50%
Eureka-Arcata, CA (FHA|USDA|VA) 7 $1,405,000 $200,714 $1,122 3.39%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 5 $1,255,000 $251,000 $1,633 2.95%
CARSON CITY, NV (FHA|USDA|VA) 4 $930,000 $232,500 $495 3.31%
Fernley, NV (FHA|USDA|VA) 2 $680,000 $340,000 $509 3.25%
Susanville, CA (FHA|USDA|VA) 3 $355,000 $118,333 $1,591 3.17%

Fremont Bank's top markets include San Francisco, San Jose, Los Angeles, Sacramento, and Stockton among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 14,361 $5,237,725,000 $364,719 $1,861 3.26%

For the 2021 period, Fremont Bank's most frequently originated loan type of loans were Conventional, with 14,361 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 7,835 $2,794,035,000 $356,609 $1,355 2.91%
Cash Out Refi 3,152 $1,275,830,000 $404,768 $2,114 3.07%
Other 1,386 $312,870,000 $225,736 $2,189 4.56%
Home Purchase 1,098 $675,630,000 $615,328 $5,348 3.38%
Home Improvement 890 $179,360,000 $201,528 $1,150 4.82%

For the 2021, Fremont Bank's most frequently cited loan purpose of loans were Refi, with 7,835 originations. The 2nd most popular reason of loans were Cash Out Refi, with 3,152 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 10,562 $4,220,850,000 $399,626 $2,283 3.46%
15 Year 2,555 $703,685,000 $275,415 $1,013 2.58%
10 Year 686 $147,040,000 $214,344 $578 2.30%
20 Year 279 $90,935,000 $325,932 $1,147 2.93%
Other 275 $72,035,000 $261,945 $0 4.70%
5 Year 4 $3,180,000 $795,000 $0 3.94%

For the 2021, Fremont Bank's most frequently cited loan length of loans were 30 Year, with 10,562 originations. The 2nd most popular length of loans were 15 Year, with 2,555 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 9,113 $3,261,875,000 $357,936
$1k-2k 628 $318,850,000 $507,723
$5k+ 513 $397,705,000 $775,253
$3k-4k 272 $143,290,000 $526,801
$2k-3k 233 $119,245,000 $511,781

$2,283 of loans were Fremont Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 9,113 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 5,609 $2,153,655,000 $383,964
3-4% 4,356 $1,935,110,000 $444,240
4-5% 2,372 $557,810,000 $235,164
<2.5% 1,768 $545,190,000 $308,365
5-6% 138 $24,790,000 $179,638
6-7% 79 $13,625,000 $172,468
7-8% 39 $7,545,000 $193,462

During 2021, Fremont Bank's average interest rate of loans were 3.46%, while their most frequently originated rate bucket of loans were 2.5-3%, with 5,609 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 5,836 $1,688,730,000 $289,364 $1,140 3.14%
$400k-600k 3,430 $1,660,650,000 $484,155 $2,110 3.15%
$100k-200k 2,938 $426,540,000 $145,180 $656 3.36%
$600k-1MM 1,223 $908,915,000 $743,185 $4,765 3.15%
$100,000 or less 600 $36,290,000 $60,483 $1,571 4.76%
$1MM+ 334 $516,600,000 $1,546,707 $8,528 3.30%

2021 saw Fremont Bank place emphasis on $200k-400k loans with 5,836 originations, totaling $1,688,730,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$150k-250k 3,912 $1,542,000,000 $394,172 $2,292 3.34%
$100k-150k 3,718 $1,220,450,000 $328,254 $1,606 3.21%
$250k+ 2,195 $1,276,655,000 $581,620 $3,655 3.47%
$75k-100k 2,103 $589,345,000 $280,240 $1,295 3.11%
$50k-75k 1,693 $394,705,000 $233,139 $1,078 3.12%
$50k or less 570 $97,430,000 $170,930 $863 3.17%

Fremont Bank lent most frequently to those with incomes in the $150k-250k range, with 3,912 originations. The second most popular income band? $100k-150k, with 3,718 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 3,390 $1,184,920,000 $349,534 $1,522 3.04%
30-36% 2,510 $963,470,000 $383,853 $1,831 3.21%
<20% 1,596 $529,910,000 $332,024 $1,318 2.96%
49% 669 $205,495,000 $307,167 $2,024 3.78%
42% 503 $217,755,000 $432,913 $3,040 3.33%
48% 499 $152,485,000 $305,581 $1,762 3.66%
44% 483 $183,305,000 $379,513 $2,298 3.33%
39% 470 $186,920,000 $397,702 $2,285 3.34%
41% 462 $171,290,000 $370,758 $2,575 3.39%
36% 458 $171,370,000 $374,170 $1,996 3.24%
40% 452 $182,160,000 $403,009 $2,528 3.28%
47% 441 $154,605,000 $350,578 $2,188 3.54%
37% 438 $170,260,000 $388,721 $2,247 3.23%
46% 433 $157,555,000 $363,868 $2,187 3.44%
38% 427 $174,955,000 $409,731 $2,004 3.36%
43% 426 $156,900,000 $368,310 $2,116 3.40%
45% 421 $153,025,000 $363,480 $2,226 3.38%
50-60% 228 $49,920,000 $218,947 $2,018 4.54%
>60% 18 $4,750,000 $263,889 $721 4.52%

Fremont Bank lent most frequently to those with DTI ratios of 20-30%, with 3,390 originations. The next most common DTI ratio? 30-36%, with 2,510 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 6,209 $2,327,645,000 $374,882 $2,276 3.26%
Not provided 5,065 $1,737,365,000 $343,014 $1,462 3.22%
Asian 2,677 $982,495,000 $367,013 $1,589 3.32%
Black 235 $85,195,000 $362,532 $2,618 3.35%
Not applicable 30 $57,550,000 $1,918,333 $0 3.74%
American Indian 75 $23,115,000 $308,200 $1,989 3.29%
Native Hawaiian 52 $16,660,000 $320,385 $1,632 3.12%
Filipino 6 $2,720,000 $453,333 $3,100 3.12%
Other Asian 2 $2,400,000 $1,200,000 $0 4.40%
Asian Indian 3 $1,205,000 $401,667 $620 3.32%
Chinese 5 $705,000 $141,000 $620 3.70%
1 $525,000 $525,000 $495 3.25%
Other Pacific Islander 1 $145,000 $145,000 $495 3.12%

Approval Rates

Total approvals of all applications
92.14%

Fremont Bank has an average approval rate.

Pick Rate

Approvals leading to origination
82.51%

Fremont Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 14,361 $5,237,725,000 $364,719

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
14,361 $5,237,725,000 $364,719

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 4,792 $1,529,370,000 $319,151 $1,126 3.13%
40-60% 3,749 $1,693,705,000 $451,775 $1,885 3.00%
60-80% 2,027 $1,203,325,000 $593,648 $3,754 3.14%
80-100% 345 $191,235,000 $554,304 $4,729 3.10%
Over 100% 1 $855,000 $855,000 $0 3.90%
Under 20% 3,447 $619,235,000 $179,645 $798 3.81%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Fremont Bank 3549 Castro Valley Boulevard Castro Valley, CA 94546 Full Service B&M $102,248
Fremont Bank 1480 East 14th Street San Leandro, CA 94577 Full Service B&M $720,480
Fremont Bank 160 West Santa Clara St - Suite 100 San Jose, CA 95113 Full Service B&M $224,468
Fremont Bank 1679 Industrial Parkway West Hayward, CA 94544 Full Service B&M $208,456
Fremont Bank 1735 N. Broadway Walnut Creek, CA 94596 Full Service B&M $417,099
Fremont Bank 1879 Holmes Street Livermore, CA 94550 Full Service B&M $197,786
Fremont Bank 200 Sand Creek Road - Suite F Brentwood, CA 94513 Full Service B&M $55,975
Fremont Bank 200 Townsend Street San Francisco, CA 94105 Full Service B&M $182,981
Fremont Bank 210 Railroad Avenue Danville, CA 94526 Full Service B&M $346,749
Fremont Bank 21001 San Ramon Valley Blvd,suite D3 San Ramon, CA 94583 Full Service B&M $70,096
Fremont Bank 25151 Clawiter Rd Hayward, CA 94545 Full Service Cyber Office $35,146
Fremont Bank 26356 Carmel Rancho Lane Carmel, CA 93923 Full Service B&M $69,195
Fremont Bank 32000 Alvarado Boulevard Union City, CA 94587 Full Service B&M $181,894
Fremont Bank 3866 Fallon Road Dublin, CA 94568 Full Service B&M $136,300
Fremont Bank 39005 Fremont Hub, Suite 341 Fremont, CA 94538 Full Service B&M $0
Fremont Bank 39005 Fremont Hub, Suite 341 Fremont, CA 94538 Full Service B&M $1,032,902
Fremont Bank 3909a Decoto Road Fremont, CA 94536 Full Service B&M $220,430
Fremont Bank 40031 Mission Boulevard Fremont, CA 94539 Full Service B&M $123,329
Fremont Bank 46635 Mission Boulevard Fremont, CA 94539 Full Service B&M $189,133
Fremont Bank 565 San Antonio Road, Suite 21 Mountain View, CA 94040 Full Service B&M $35,651
Fremont Bank 5829 Jarvis Avenue, Suite C Newark, CA 94560 Full Service B&M $61,229
Fremont Bank 6300 College Avenue, Suite 160 Oakland, CA 94618 Full Service B&M $63,083
Fremont Bank 6654 Koll Center Parkway, Suite 345 Pleasanton, CA 94566 Full Service B&M $330,802

For 2021, Fremont Bank had 23 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $159,895
Net interest income $155,895
Total noninterest income $114,026
Gross Fiduciary activities income $3,302
Service charges on deposit accounts $4,224
Trading account gains and fees $0
Additional Noninterest Income $106,500
Pre-tax net operating income $70,621
Securities gains (or losses, -) $-339
Income before extraordinary items $67,848
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $67,848
Minority interest net income $0
Net income $67,848
Sale, conversion, retirement of capital stock, net $0
Net operating income $68,176

Fremont Bank's gross interest income from loans was $159,895,000.
Fremont Bank's net interest income from loans was $155,895,000.
Fremont Bank's fee based income from loans was $4,224,000.
Fremont Bank's net income from loans was $67,848,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $4,000
Provision for credit losses $4,214
Total noninterest expense $195,086
Salaries and employee benefits $120,031
Premises and equipment expense $17,861
Additional noninterest expense $57,194
Applicable income taxes $2,434
Net charge-offs $-574
Cash dividends $38,021

Fremont Bank's interest expense for loans was $4,000,000.
Fremont Bank's payroll and benefits expense were $120,031,000.
Fremont Bank's property, plant and equipment expenses $17,861,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 0.0%
Construction & Land Development loans 3.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 0.0%
Commercial & industrial loans 0.0%
Personal loans 0.0%
Credit card loans 0.0%
Other individual loans 0.0%
Auto loans 0.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $5,071,527
Deposits held in domestic offices $5,071,527
Deposits by Individuals, partnerships, and corporations $5,013,484
Deposits by U.S. Government $1
Deposits by States and political subdivisions in the U.S. $57,712
Deposits by Commercial banks and other depository institutions in U.S. $330
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $893,757
Demand deposits $732,187
Nontransaction accounts $4,177,770
Money market deposit accounts (MMDAs) $1,477,397
Other savings deposits (excluding MMDAs) $2,599,799
Total time deposits $100,574
Total time and savings deposits $4,339,340
Noninterest-bearing deposits $2,443,596
Interest-bearing deposits $2,627,931
Retail deposits $5,047,422
IRAs and Keogh plan accounts $14,474
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $5,520,747
Cash & Balances due from depository institutions $663,464
Interest-bearing balances $629,143
Total securities $735,387
Federal funds sold & reverse repurchase $0
Net loans and leases $3,880,997
Loan and leases loss allowance $60,248
Trading account assets $0
Bank premises and fixed assets $63,174
Other real estate owned $0
Goodwill and other intangibles $20,507
All other assets $157,218

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $5,520,747
Total Liabilities $5,134,736
Total deposits $5,071,527
Interest-bearing deposits $2,627,931
Deposits held in domestic offices $5,071,527
% insured (estimated) $43
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $63,209

Issued Loan Types

Type Value (in 000's)
Net loans and leases $3,880,997
Loan and leases loss allowance $60,248
Total loans and leases (domestic) $3,941,245
All real estate loans $3,483,737
Real estate loans in domestic offices $3,483,737
Construction and development loans $108,417
Residential 1-4 family construction $18,061
Other construction, all land development and other land $90,356
Loans secured by nonfarm nonresidential properties $1,118,314
Nonfarm nonresidential secured by owner-occupied properties $407,643
Commercial real estate & other non-farm, non-residential $710,671
Multifamily residential real estate $241,261
1-4 family residential loans $2,015,745
Farmland loans $0
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $449,464
To non-U.S. addressees $0
Loans to individuals $2,605
Credit card loans $1,027
Related Plans $212
Consumer Auto Loans $1
Other loans to individuals $1,365
All other loans & leases $5,439
Loans to foreign governments and official institutions $0
Other loans $5,439
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $79,653
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $11,669
Non 1-4 family restructured loans & leases $4,809
Total loans and leases (foreign) $0

Fremont Bank had $3,880,997,000 of loans outstanding in 2021. $3,483,737,000 of loans were in real estate loans. $108,417,000 of loans were in development loans. $241,261,000 of loans were in multifamily mortgage loans. $2,015,745,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $1,027,000 of loans were in credit card loans. $1,000 of loans were in the auto loan category.

Small Business Loans

Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
Nonfarm, nonresidential loans - <$1MM 268 $121,304 $452,627
Nonfarm, nonresidential loans - $100-250k 11 $1,755 $159,545
Nonfarm, nonresidential loans - $250k-1MM 257 $119,549 $465,171
Commercial & Industrial, US addressed loans - <$1MM 2,490 $203,037 $81,541
Commercial & Industrial, US addressed loans - <$100k 1,372 $19,965 $14,552
Commercial & Industrial, US addressed loans - $100-250k 634 $52,090 $82,161
Commercial & Industrial, US addressed loans - $250k-1MM 484 $130,982 $270,624