Fremont Bank Mortgage Rates, Fees & InfoFremont, CA
Tax ID: 94-1569025
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewFremont Bank is a small bank specializing in Home Improvement, Cash Out Refi, and Home Purchase 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 by origination volume include: San Francisco, San Jose, Los Angeles, Sacramento, and Stockton among others. We have data for 39 markets. (Some data included below & more in-depth data is available with an active subscription.)
Fremont Bank 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. Fremont Bank is typically an average 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.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||7.55%||12/4/23|
|30 Year Conventional Purchase||6.12%||12/4/23|
|30 Year Conventional Refi||6.29%||12/4/23|
|30 Year Cash-out Refi||6.37%||12/4/23|
|30 Year FHA Purchase||7.31%||12/4/23|
|15 Year Conventional Purchase||5.85%||12/4/23|
|15 Year Conventional Refi||5.82%||12/4/23|
|15 Year Cash-out Refi||5.82%||12/4/23|
|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.|
Fremont Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$2,319,105,000
Fremont Bank - 2022
Fremont Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Fremont Bank's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.41%.
Relative Fees (Closing Costs)
Fremont Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,577.
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 $4,750.
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|
|San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA)||3,125||$1,186,415,000||$379,653||$3,637||5.03%|
|SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA)||895||$395,355,000||$441,737||$3,549||4.93%|
|Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA)||548||$286,000,000||$521,898||$9,501||4.93%|
|SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA)||358||$94,310,000||$263,436||$3,519||5.04%|
|STOCKTON, CA (FHA|USDA|VA)||221||$49,295,000||$223,054||$1,612||5.09%|
|SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA)||113||$49,115,000||$434,646||$6,125||5.30%|
|SALINAS, CA (FHA|USDA|VA)||106||$34,070,000||$321,415||$2,321||4.97%|
|SANTA ROSA-PETALUMA, CA (FHA|USDA|VA)||88||$32,400,000||$368,182||$5,735||4.89%|
|RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA)||96||$29,260,000||$304,792||$4,560||5.19%|
|VALLEJO, CA (FHA|USDA|VA)||88||$28,750,000||$326,705||$3,742||4.85%|
|SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA)||62||$23,620,000||$380,968||$2,238||5.11%|
|SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA)||42||$21,060,000||$501,429||$4,293||3.97%|
|NAPA, CA (FHA|USDA|VA)||34||$13,800,000||$405,882||$4,364||5.21%|
|OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA)||34||$13,760,000||$404,706||$6,113||4.89%|
|Outside of Metro Areas||38||$11,130,000||$292,895||$3,629||4.85%|
|MODESTO, CA (FHA|USDA|VA)||47||$7,965,000||$169,468||$1,110||5.25%|
|SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA)||20||$7,780,000||$389,000||$4,198||4.14%|
|Truckee-Grass Valley, CA (FHA|USDA|VA)||18||$6,090,000||$338,333||$2,671||4.51%|
|FRESNO, CA (FHA|USDA|VA)||17||$3,665,000||$215,588||$3,332||4.62%|
|BAKERSFIELD, CA (FHA|USDA|VA)||11||$2,505,000||$227,727||$4,676||4.67%|
|Sonora, CA (FHA|USDA|VA)||10||$2,440,000||$244,000||$1,494||4.69%|
|LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA)||12||$2,400,000||$200,000||$1,397||4.82%|
|Gardnerville Ranchos, NV (FHA|USDA|VA)||4||$2,330,000||$582,500||$550||4.34%|
|YUBA CITY, CA (FHA|USDA|VA)||11||$2,175,000||$197,727||$3,222||4.51%|
|CHICO, CA (FHA|USDA|VA)||9||$2,155,000||$239,444||$1,704||4.93%|
|Clearlake, CA (FHA|USDA|VA)||8||$1,500,000||$187,500||$592||4.03%|
|MADERA, CA (FHA|USDA|VA)||7||$1,445,000||$206,429||$3,179||4.70%|
|MERCED, CA (FHA|USDA|VA)||8||$1,220,000||$152,500||$5,213||5.48%|
|REDDING, CA (FHA|USDA|VA)||4||$1,160,000||$290,000||$3,091||4.59%|
|RENO, NV (FHA|USDA|VA)||4||$1,080,000||$270,000||$556||3.94%|
|JACKSONVILLE, FL (FHA|USDA|VA)||3||$895,000||$298,333||$0||4.50%|
|CARSON CITY, NV (FHA|USDA|VA)||2||$820,000||$410,000||$710||4.38%|
|Fernley, NV (FHA|USDA|VA)||3||$745,000||$248,333||$545||5.29%|
|Red Bluff, CA (FHA|USDA|VA)||2||$490,000||$245,000||$503||4.63%|
|Ukiah, CA (FHA|USDA|VA)||2||$470,000||$235,000||$4,687||3.56%|
|Crescent City, CA (FHA|USDA|VA)||2||$460,000||$230,000||$925||6.19%|
|VISALIA, CA (FHA|USDA|VA)||1||$455,000||$455,000||$5,283||3.13%|
|HANFORD-CORCORAN, CA (FHA|USDA|VA)||1||$345,000||$345,000||$835||4.63%|
|AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA)||1||$175,000||$175,000||$499||2.99%|
We use machine learning to identify the top lenders compared against Fremont Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Fremont Bank's most frequently originated type of loan was HELOC, with 3,940 originations. Their 2nd most popular type was Conventional, with 2,113 originations.
For 2022, Fremont Bank's most frequently cited loan purpose was Home Improvement, with 2,246 originations. The 2nd most popular reason was Cash Out Refi, with 1,246 originations.
For 2022, Fremont Bank's most frequently cited loan duration was 30 Year, with 4,924 originations. The 2nd most popular length was Other, with 589 originations.
Origination Fees/Closing Costs
Fremont Bank's average total fees were $5,577, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,089 originations.
During 2022, Fremont Bank's average interest rate for loans was 5.17%, while their most frequently originated rate bucket for loans was 4-5%, with 2,301 originations.
2022 saw Fremont Bank place emphasis on $200k-400k loans with 1,864 originations, totaling $520,370,000 in origination value.
Fremont Bank lent most frequently to those with incomes in the $150k-250k range, with 1,973 originations. The second most popular income band? $250k+, with 1,871 originations.
Applicant Debt to Income Ratio
Fremont Bank lent most frequently to those with DTI ratios of 30-36%, with 824 originations. The next most common DTI ratio? 20-30%, with 807 originations.
Approval RatesTotal approvals of all applications
Fremont Bank has an average approval rate.
Pick RateApprovals leading to origination
Fremont Bank has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
Occupancy Type Mix
|Dwelling Type||Originations||Total Value||Average Loan|