Fremont Bank Mortgage Rates, Fees & Info

Fremont, CA

LEI: 5493006F1N8E3EEF3W63

Tax ID: 94-1569025

4.7 stars - out of 5 stars, based on 78 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Fremont 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 7.55% 6/4/23
    30 Year Conventional Purchase 6.12% 6/4/23
    30 Year Conventional Refi 6.29% 6/4/23
    30 Year Cash-out Refi 6.37% 6/4/23
    30 Year FHA Purchase 7.31% 6/4/23
    15 Year Conventional Purchase 5.85% 6/4/23
    15 Year Conventional Refi 5.82% 6/4/23
    15 Year Cash-out Refi 5.82% 6/4/23
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Fremont Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    6,055

    Origination Dollar Volume (All Markets)

    $2,319,105,000
    Show all (27) awards

    Relative Rate

    Fremont Bank's average 30 year fixed mortgage rate was 5.17%.

    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.

    Top Markets

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

    Their top states include:
  • California (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)

    • Similar Lenders

    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.

    Monterey Credit Union
    Similarity Rank: 63
    Credence Funding Corporation
    Similarity Rank: 316
    Great Basin Federal Credit Union
    Similarity Rank: 348
    MERCO Credit Union
    Similarity Rank: 435
    ALOHA PACIFIC
    Similarity Rank: 536
    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 567
    Chaffey Federal Credit Union
    Similarity Rank: 644
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 660
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 763
    MYPOINT Credit Union
    Similarity Rank: 770

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 3,940 $1,025,710,000 $260,332 n/a 5.59%
    Conventional 2,113 $1,292,725,000 $611,796 $4,346 3.88%
    FHA 2 $670,000 $335,000 $10,605 3.87%

    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.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 2,246 $541,950,000 $241,296 $0 5.65%
    Cash Out Refi 1,246 $632,240,000 $507,416 $3,639 4.57%
    Other 1,047 $263,845,000 $252,001 $9,714 5.36%
    Home Purchase 848 $590,010,000 $695,767 $7,311 4.72%
    Refi 668 $291,060,000 $435,719 $2,446 3.33%

    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,924 $1,966,140,000 $399,297 $5,577 5.17%
    Other 589 $187,125,000 $317,699 $0 5.61%
    15 Year 264 $89,710,000 $339,811 $2,012 2.93%
    10 Year 235 $55,795,000 $237,426 $627 2.40%
    20 Year 41 $13,075,000 $318,902 $1,518 3.32%
    5 Year 2 $7,260,000 $3,630,000 $0 4.75%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,089 $557,285,000 $511,740
    $5k+ 273 $261,265,000 $957,015
    $1k-2k 120 $76,640,000 $638,667
    $2k-3k 56 $36,720,000 $655,714
    $4k-5k 52 $34,960,000 $672,308
    $3k-4k 39 $22,805,000 $584,744

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 2,301 $813,715,000 $353,635
    5-6% 993 $368,155,000 $370,750
    3-4% 931 $591,395,000 $635,226
    6-7% 890 $250,980,000 $282,000
    7-8% 314 $70,520,000 $224,586
    2.5-3% 256 $115,590,000 $451,523
    <2.5% 252 $86,540,000 $343,413
    Over 8% 118 $22,210,000 $188,220

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,864 $520,370,000 $279,168 $1,846 4.92%
    $100k-200k 1,370 $189,340,000 $138,204 $783 5.24%
    $400k-600k 1,131 $534,855,000 $472,905 $3,528 4.85%
    $100,000 or less 696 $42,150,000 $60,560 $0 5.81%
    $600k-1MM 625 $466,175,000 $745,880 $6,281 4.33%
    $1MM+ 369 $566,215,000 $1,534,458 $10,892 4.45%

    2022 saw Fremont Bank place emphasis on $200k-400k loans with 1,864 originations, totaling $520,370,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 1,973 $665,665,000 $337,387 $4,776 5.01%
    $250k+ 1,871 $1,090,065,000 $582,611 $7,417 5.12%
    $100k-150k 1,165 $292,895,000 $251,412 $2,642 4.91%
    $75k-100k 510 $101,190,000 $198,412 $2,172 4.87%
    $50k-75k 334 $59,100,000 $176,946 $1,519 4.64%
    $50k or less 105 $14,375,000 $136,905 $1,182 4.72%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 824 $340,540,000 $413,277 $4,683 4.70%
    20-30% 807 $285,285,000 $353,513 $2,938 4.58%
    49% 685 $170,265,000 $248,562 $2,411 5.46%
    48% 368 $111,860,000 $303,967 $1,952 5.33%
    47% 355 $122,675,000 $345,563 $6,239 5.30%
    42% 298 $180,210,000 $604,732 $8,562 4.92%
    <20% 273 $117,035,000 $428,700 $2,157 4.18%
    50-60% 257 $57,415,000 $223,405 $3,291 5.72%
    46% 241 $75,915,000 $315,000 $2,982 5.39%
    41% 236 $120,480,000 $510,508 $5,390 4.81%
    45% 228 $76,220,000 $334,298 $3,351 5.05%
    40% 219 $93,295,000 $426,005 $5,324 4.87%
    38% 211 $84,845,000 $402,109 $5,939 4.83%
    43% 210 $72,420,000 $344,857 $3,814 5.20%
    39% 209 $96,555,000 $461,986 $5,303 4.84%
    44% 209 $64,345,000 $307,871 $3,692 5.19%
    37% 188 $92,330,000 $491,117 $4,557 4.96%
    36% 188 $80,490,000 $428,138 $4,306 4.90%
    >60% 2 $240,000 $120,000 $0 5.88%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,466 $959,150,000 $388,950 $5,076 4.93%
    Asian 1,752 $675,690,000 $385,668 $3,590 5.09%
    Not provided 1,636 $580,240,000 $354,670 $3,761 4.92%
    Not applicable 34 $61,550,000 $1,810,294 $0 6.15%
    Black 103 $25,455,000 $247,136 $4,720 5.22%
    Native Hawaiian or Islander 28 $8,960,000 $320,000 $2,082 5.10%
    American Indian 36 $8,060,000 $223,889 $886 5.41%

    Approval Rates

    Total approvals of all applications
    88.01%

    Fremont Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.76%

    Fremont Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 6,055 $2,319,105,000 $383,007

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    6,055 $2,319,105,000 $383,007

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,714 $693,210,000 $404,440 $2,221 4.92%
    40-60% 664 $419,890,000 $632,364 $3,875 4.19%
    60-80% 682 $562,800,000 $825,220 $7,898 4.36%
    80-100% 141 $102,595,000 $727,624 $6,610 4.39%
    Under 20% 2,854 $540,610,000 $189,422 $984 5.40%