Fremont Bank Mortgage Rates, Fees & Info

Fremont, CA

LEI: 5493006F1N8E3EEF3W63

Tax ID: 94-1569025

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. 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