Fremont Bank Mortgage Rates, Fees & Info

Fremont, CA

LEI: 5493006F1N8E3EEF3W63

Tax ID: 94-1569025

2020 Data | 2019 Data | 2018 Data


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Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Product Mix
  • Loan Reason
  • Top Markets
  • Typical Rates
  • Loan Sizes
  • Lien Type
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees
  • Dwelling Types

    • Bank Data *NEW*

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Oakland, San Jose, Los Angeles, San Francisco, and Anaheim among others. They have an above average approval rate for mortages when compared nationally -- and 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

    14,054

    Origination Dollar Volume (All Markets)

    $5,299,210,000

    Employee count

    1,022

    Relative Rate

    Fremont Bank's average 30 year fixed rate mortgage was 3.62%.

    The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

    This yields a difference of 0.26%.

    Relative Fees

    Fremont Bank's average total fees for a 30 year fixed rate mortgage are $2,670.

    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 $5,021.

    Product Mix

    Loan Type Originations Total Value Average Loan Average Fees Average Rate
    Conventional 14,040 $5,294,190,000 $377,079 $2,445 3.58%
    FHA 14 $5,020,000 $358,571 $9,644 3.21%

    For the 2020 period, Fremont Bank's most frequently originated loan type was Conventional, with 14,040 originations. Their 2nd most popular type is FHA, with 14 originations.

    Loan Reason

    Loan Reason Originations Total Value Average Loan Average Fees Average Rate
    Refi 7,645 $2,824,325,000 $369,434 $1,888 3.40%
    Cash Out Refi 3,704 $1,546,750,000 $417,589 $2,638 3.47%
    Home Purchase 1,316 $678,850,000 $515,843 $5,841 3.64%
    Other 796 $146,110,000 $183,555 $2,181 4.67%
    Home Improvement 593 $103,175,000 $173,988 $1,340 4.80%

    For the 2020, Fremont Bank's most frequently cited loan purpose was Refi, with 7,645 originations. The 2nd most popular reason was Cash Out Refi, with 3,704 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 12,026 $4,745,430,000 $394,598 $2,670 3.61%
    15 Year 1,385 $386,485,000 $279,051 $1,212 3.09%
    Other 274 $58,520,000 $213,577 $0 4.79%
    20 Year 270 $85,640,000 $317,185 $1,541 3.42%
    10 Year 98 $22,790,000 $232,551 $849 3.16%
    5 Year 1 $345,000 $345,000 $0 3.75%

    For the 2020, Fremont Bank's most frequently cited loan length was 30 Year, with 12,026 originations. The 2nd most popular length was 15 Year, with 1,385 originations.

    Origination Fees

    Origination Fee Originations Total Value Average Loan
    $<1k 7,963 $2,962,485,000 $372,031
    $1k-2k 1,204 $517,950,000 $430,191
    $5k+ 908 $566,320,000 $623,700
    $3k-4k 562 $252,470,000 $449,235
    $2k-3k 511 $230,765,000 $451,595

    $2,670 was Fremont Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 7,963 originations.

    Top Markets

    Market Originations Total Value Average Loan Average Fees Average Rate
    OAKLAND-BERKELEY-LIVERMORE, CA 5,428 $1,978,540,000 $364,506 $1,619 3.61%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA 1,467 $611,395,000 $416,766 $2,075 3.63%
    LOS ANGELES-LONG BEACH-GLENDALE, CA 1,267 $563,415,000 $444,684 $5,444 3.53%
    SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 958 $423,090,000 $441,639 $2,751 3.61%
    ANAHEIM-SANTA ANA-IRVINE, CA 726 $350,670,000 $483,017 $5,074 3.50%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA 714 $212,410,000 $297,493 $2,040 3.52%
    STOCKTON, CA 445 $122,525,000 $275,337 $1,273 3.57%
    SANTA ROSA-PETALUMA, CA 308 $112,980,000 $366,818 $3,067 3.47%
    SAN RAFAEL, CA 230 $101,490,000 $441,261 $3,100 3.59%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA 242 $98,400,000 $406,612 $3,583 3.55%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 275 $92,315,000 $335,691 $3,723 3.48%
    Outside of Metro Areas 320 $89,530,000 $279,781 $1,792 3.50%
    SALINAS, CA 203 $75,415,000 $371,502 $1,443 3.64%
    SANTA CRUZ-WATSONVILLE, CA 167 $72,205,000 $432,365 $2,328 3.52%
    VALLEJO, CA 247 $69,295,000 $280,547 $1,596 3.50%
    SANTA MARIA-SANTA BARBARA, CA 171 $67,315,000 $393,655 $3,555 3.40%
    OXNARD-THOUSAND OAKS-VENTURA, CA 124 $49,500,000 $399,194 $4,628 3.58%
    SAN LUIS OBISPO-PASO ROBLES, CA 124 $46,140,000 $372,097 $3,219 3.32%
    MODESTO, CA 186 $43,040,000 $231,398 $932 3.60%
    FRESNO, CA 123 $31,405,000 $255,325 $2,762 3.40%
    NAPA, CA 56 $22,870,000 $408,393 $1,611 3.69%
    CHICO, CA 76 $17,950,000 $236,184 $919 3.56%
    RENO, NV 40 $10,100,000 $252,500 $859 3.70%
    LAS VEGAS-HENDERSON-PARADISE, NV 37 $9,175,000 $247,973 $838 3.50%
    MERCED, CA 36 $9,100,000 $252,778 $1,603 3.75%
    YUBA CITY, CA 18 $4,140,000 $230,000 $2,143 3.51%
    REDDING, CA 16 $3,680,000 $230,000 $1,002 3.41%
    VISALIA, CA 15 $3,365,000 $224,333 $2,360 3.50%
    BAKERSFIELD, CA 14 $2,980,000 $212,857 $2,595 3.54%
    MADERA, CA 11 $2,455,000 $223,182 $3,011 3.25%
    HANFORD-CORCORAN, CA 5 $1,215,000 $243,000 $2,487 3.93%
    CARSON CITY, NV 3 $535,000 $178,333 $445 3.33%
    JACKSONVILLE, FL 1 $385,000 $385,000 $0 5.00%
    EL CENTRO, CA 1 $185,000 $185,000 $0 3.25%

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

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 8,891 $3,507,745,000 $394,528
    2.5-3% 2,650 $1,110,710,000 $419,136
    4-5% 1,794 $546,690,000 $304,732
    5-6% 597 $103,915,000 $174,062
    6-7% 65 $12,975,000 $199,615
    <2.5% 46 $15,120,000 $328,696
    7-8% 11 $2,055,000 $186,818

    During 2020, Fremont Bank's average interest rate was 3.62%, while their most frequently originated rate bucket was 3-4%, with 8,891 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 5,794 $1,722,680,000 $297,321 $1,590 3.48%
    $400k-600k 3,906 $1,889,040,000 $483,625 $2,781 3.41%
    $100k-200k 2,110 $312,130,000 $147,929 $899 3.85%
    $600k-1MM 1,463 $1,041,005,000 $711,555 $5,564 3.42%
    $100,000 or less 586 $34,170,000 $58,311 $0 4.91%
    $1MM+ 195 $300,185,000 $1,539,410 $8,535 4.00%

    2020 saw Fremont Bank place emphasis on $200k-400k loans with 5,794 originations, totaling $1,722,680,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 4,053 $1,667,395,000 $411,398 $2,770 3.62%
    $100k-150k 3,854 $1,389,090,000 $360,428 $2,383 3.55%
    $75k-100k 2,134 $644,470,000 $302,001 $1,877 3.48%
    $250k+ 1,866 $1,022,900,000 $548,178 $4,214 3.74%
    $50k-75k 1,511 $377,325,000 $249,719 $1,593 3.46%
    $50k or less 481 $82,545,000 $171,611 $1,137 3.52%

    Fremont Bank lent most frequently to those with incomes in the $150k-250k range, with 4,053 originations. The second most popular income band? $100k-150k, with 3,854 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 3,431 $1,273,505,000 $371,176 $2,092 3.43%
    30-36% 2,598 $985,600,000 $379,369 $2,426 3.54%
    <20% 1,426 $487,370,000 $341,774 $1,884 3.36%
    49% 583 $179,705,000 $308,242 $2,776 3.97%
    44% 511 $199,595,000 $390,597 $2,983 3.62%
    38% 503 $199,315,000 $396,252 $3,049 3.59%
    42% 483 $214,755,000 $444,627 $3,335 3.62%
    37% 467 $183,635,000 $393,223 $2,638 3.62%
    40% 457 $193,875,000 $424,234 $2,990 3.60%
    39% 451 $183,855,000 $407,661 $2,759 3.64%
    41% 447 $188,665,000 $422,069 $2,740 3.67%
    43% 443 $157,925,000 $356,490 $2,814 3.69%
    48% 436 $142,730,000 $327,362 $2,749 3.95%
    36% 412 $161,020,000 $390,825 $2,609 3.52%
    46% 411 $144,795,000 $352,299 $2,479 3.77%
    47% 405 $147,105,000 $363,222 $2,525 3.68%
    45% 400 $148,200,000 $370,500 $3,041 3.64%
    50-60% 122 $27,320,000 $223,934 $3,871 4.48%
    >60% 7 $2,265,000 $323,571 $5,429 4.09%

    Fremont Bank lent most frequently to those with DTI ratios of 20-30%, with 3,431 originations. The next most common DTI ratio? 30-36%, with 2,598 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 6,577 $2,560,695,000 $389,341 $3,112 3.53%
    Not provided 5,013 $1,766,935,000 $352,471 $1,679 3.62%
    Asian 2,050 $771,050,000 $376,122 $2,230 3.59%
    Not applicable 53 $72,565,000 $1,369,151 $0 4.05%
    Black 192 $67,520,000 $351,667 $2,730 3.53%
    Native Hawaiian 82 $31,490,000 $384,024 $2,043 3.57%
    American Indian 57 $19,155,000 $336,053 $1,697 3.53%
    Asian Indian 12 $4,130,000 $344,167 $2,258 3.58%
    Vietnamese 3 $1,945,000 $648,333 $1,924 3.63%
    Chinese 5 $1,465,000 $293,000 $1,336 3.25%
    Other Pacific Islander 4 $810,000 $202,500 $2,900 3.22%
    Filipino 3 $785,000 $261,667 $1,773 3.04%
    Other Asian 2 $480,000 $240,000 $495 3.38%
    Native Hawiian 1 $185,000 $185,000 $495 3.50%

    Approval Rates

    Total approvals of all applications
    91.75%

    Fremont Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.71%

    Fremont Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 14,054 $5,299,210,000 $377,061

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 53 $71,415,000 $1,347,453
    Single Family (1-4 Units):Manufactured 13 $2,685,000 $206,538
    Single Family (1-4 Units):Site-Built 13,988 $5,225,110,000 $373,542

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3,696 $1,189,100,000 $321,726 $1,540 3.51%
    40-60% 4,438 $1,915,650,000 $431,647 $2,297 3.35%
    60-80% 3,162 $1,588,630,000 $502,413 $3,656 3.48%
    80-100% 548 $251,770,000 $459,434 $4,506 3.42%
    Under 20% 2,210 $354,060,000 $160,208 $973 4.29%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Fremont Bank 1480 East 14th Street San Leandro, CA 94577 Full Service B&M $678,233
    Fremont Bank 1679 Industrial Parkway West Hayward, CA 94544 Full Service B&M $175,304
    Fremont Bank 1735 N. Broadway Walnut Creek, CA 94596 Full Service B&M $372,059
    Fremont Bank 1879 Holmes Street Livermore, CA 94550 Full Service B&M $172,612
    Fremont Bank 200 Sand Creek Road - Suite F Brentwood, CA 94513 Full Service B&M $45,633
    Fremont Bank 200 Townsend Street San Francisco, CA 94105 Full Service B&M $142,639
    Fremont Bank 210 Railroad Avenue Danville, CA 94526 Full Service B&M $282,216
    Fremont Bank 21001 San Ramon Valley Blvd,suite D3 San Ramon, CA 94583 Full Service B&M $62,089
    Fremont Bank 25151 Clawiter Rd Hayward, CA 94545 Full Service Cyber Office $23,644
    Fremont Bank 26356 Carmel Rancho Lane Carmel, CA 93923 Full Service B&M $59,746
    Fremont Bank 32000 Alvarado Boulevard Union City, CA 94587 Full Service B&M $161,961
    Fremont Bank 3549 Castro Valley Boulevard Castro Valley, CA 94546 Full Service B&M $94,031
    Fremont Bank 3866 Fallon Road Dublin, CA 94568 Full Service B&M $98,994
    Fremont Bank 39005 Fremont Hub, Suite 341 Fremont, CA 94538 Full Service B&M $11
    Fremont Bank 39005 Fremont Hub, Suite 341 Fremont, CA 94538 Full Service B&M $1,061,432
    Fremont Bank 3909a Decoto Road Fremont, CA 94536 Full Service B&M $197,342
    Fremont Bank 40031 Mission Boulevard Fremont, CA 94539 Full Service B&M $112,634
    Fremont Bank 46635 Mission Boulevard Fremont, CA 94539 Full Service B&M $195,836
    Fremont Bank 565 San Antonio Road, Suite 21 Mountain View, CA 94040 Full Service B&M $11,761
    Fremont Bank 5829 Jarvis Avenue, Suite C Newark, CA 94560 Full Service B&M $48,296
    Fremont Bank 6300 College Avenue, Suite 160 Oakland, CA 94618 Full Service B&M $59,172
    Fremont Bank 6654 Koll Center Parkway, Suite 345 Pleasanton, CA 94566 Full Service B&M $278,261
    Fremont Bank 160 West Santa Clara St - Suite 100 San Jose, CA 95113 Full Service B&M $228,934

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $169,270
    Net interest income $159,041
    Total noninterest income $104,854
    Gross Fiduciary activities income $2,609
    Service charges on deposit accounts $4,027
    Trading account gains and fees $0
    Additional Noninterest Income $98,218
    Pre-tax net operating income $70,670
    Securities gains (or losses, -) $284
    Income before extraordinary items $68,514
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $68,514
    Minority interest net income $0
    Net income $68,514
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $68,238

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $10,229
    Provision for credit losses $10,114
    Total noninterest expense $183,111
    Salaries and employee benefits $114,834
    Premises and equipment expense $16,355
    Additional noninterest expense $51,922
    Applicable income taxes $2,440
    Net charge-offs $2,082
    Cash dividends $48,985

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $4,598,742
    Deposits held in domestic offices $4,598,742
    Deposits by Individuals, partnerships, and corporations $4,496,278
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $102,231
    Deposits by Commercial banks and other depository institutions in U.S. $233
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $639,927
    Demand deposits $500,001
    Nontransaction accounts $3,958,815
    Money market deposit accounts (MMDAs) $1,353,710
    Other savings deposits (excluding MMDAs) $2,452,268
    Total time deposits $152,839
    Total time and savings deposits $4,098,741
    Noninterest-bearing deposits $2,165,749
    Interest-bearing deposits $2,432,993
    Retail deposits $4,534,358
    IRAs and Keogh plan accounts $15,693
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $5,041,516
    Cash & Balances due from depository institutions $483,482
    Interest-bearing balances $456,335
    Total securities $479,069
    Federal funds sold & reverse repurchase $0
    Net loans and leases $3,842,242
    Loan and leases loss allowance $55,460
    Trading account assets $0
    Bank premises and fixed assets $58,634
    Other real estate owned $0
    Goodwill and other intangibles $13,419
    All other assets $164,670

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $5,041,516
    Total Liabilities $4,677,733
    Total deposits $4,598,742
    Interest-bearing deposits $2,432,993
    Deposits held in domestic offices $4,598,742
    % insured (estimated) $43
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $5,844
    Subordinated debt $0
    All other liabilities $73,147

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $3,842,242
    Loan and leases loss allowance $55,460
    Total loans and leases (domestic) $3,897,702
    All real estate loans $3,292,248
    Real estate loans in domestic offices $3,292,248
    Construction and development loans $69,727
    Residential 1-4 family construction $27,353
    Other construction, all land development and other land $42,374
    Loans secured by nonfarm nonresidential properties $1,013,634
    Nonfarm nonresidential secured by owner-occupied properties $346,210
    Commercial real estate & other non-farm, non-residential $667,424
    Multifamily residential real estate $217,860
    1-4 family residential loans $1,991,027
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $595,320
    To non-U.S. addressees $0
    Loans to individuals $3,438
    Credit card loans $646
    Related Plans $508
    Consumer Auto Loans $8
    Other loans to individuals $2,276
    All other loans & leases $6,696
    Loans to foreign governments and official institutions $0
    Other loans $6,696
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $46,624
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $9,409
    Non 1-4 family restructured loans & leases $6,050
    Total loans and leases (foreign) $0

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 261 $125,770 $481,877
    Nonfarm, nonresidential loans - $100-250k 15 $2,258 $150,533
    Nonfarm, nonresidential loans - $250k-1MM 246 $123,512 $502,081
    Commercial & Industrial, US addressed loans - <$1MM 2,975 $291,294 $97,914
    Commercial & Industrial, US addressed loans - <$100k 1,810 $61,382 $33,913
    Commercial & Industrial, US addressed loans - $100-250k 591 $68,354 $115,658
    Commercial & Industrial, US addressed loans - $250k-1MM 574 $161,558 $281,460