Fremont Bank Mortgage Rates, Fees & Info

Fremont, CA

LEI: 5493006F1N8E3EEF3W63

Tax ID: 94-1569025

3.6 stars - Updated: 4/17/25 - out of 5 stars, based on 44 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • 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 smaller bank specializing in Home Improvement, 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, Sacramento, Los Angeles, and Stockton among others. We have data for 29 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 a low 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) 7.87% 4/17/25
    30 Year Conventional Purchase 7.15% 4/17/25
    30 Year Conventional Refi 7.05% 4/17/25
    30 Year Cash-out Refi 7.14% 4/17/25
    30 Year FHA Purchase 6.72% 4/17/25
    15 Year Conventional Purchase 6.00% 4/17/25
    15 Year Conventional Refi 6.45% 4/17/25
    15 Year Cash-out Refi 6.45% 4/17/25
    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

    1,894

    Origination Dollar Volume (All Markets)

    $656,830,000
    Show all (5) awards

    Relative Rate

    Fremont Bank's average 30 year fixed mortgage rate was 8.96%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 2.41%.

    Relative Fees (Closing Costs)

    Fremont Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $2,490.

    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 $8,356.

    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) 1,224 $422,110,000 $344,861 $2,805 8.93%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 239 $92,755,000 $388,096 $2,121 9.03%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 94 $23,600,000 $251,064 $883 8.86%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 34 $20,640,000 $607,059 $1,783 9.10%
    STOCKTON, CA (FHA|USDA|VA) 74 $16,040,000 $216,757 $1,878 9.09%
    SALINAS, CA (FHA|USDA|VA) 36 $14,210,000 $394,722 $1,475 8.88%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 29 $13,525,000 $466,379 $5,604 8.71%
    VALLEJO, CA (FHA|USDA|VA) 40 $12,360,000 $309,000 $494 9.52%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 24 $7,860,000 $327,500 $1,893 9.01%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 9 $5,585,000 $620,556 $789 7.76%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 13 $3,705,000 $285,000 $1,083 10.07%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $3,580,000 $1,790,000 $4,585 7.38%
    Outside of Metro Areas 11 $3,575,000 $325,000 $713 8.59%
    NAPA, CA (FHA|USDA|VA) 12 $3,080,000 $256,667 $495 8.96%
    MODESTO, CA (FHA|USDA|VA) 13 $2,825,000 $217,308 $603 9.13%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 5 $2,645,000 $529,000 $705 7.53%
    MERCED, CA (FHA|USDA|VA) 4 $1,210,000 $302,500 $925 8.63%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $1,180,000 $590,000 $595 7.75%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 4 $980,000 $245,000 $0 10.38%
    REDDING, CA (FHA|USDA|VA) 2 $930,000 $465,000 $545 8.56%
    RENO, NV (FHA|USDA|VA) 3 $855,000 $285,000 $0 9.04%
    FRESNO, CA (FHA|USDA|VA) 3 $855,000 $285,000 $495 8.21%
    YUBA CITY, CA (FHA|USDA|VA) 4 $640,000 $160,000 $495 10.56%
    CHICO, CA (FHA|USDA|VA) 4 $590,000 $147,500 $710 8.38%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 3 $585,000 $195,000 $835 8.29%
    Ukiah, CA (FHA|USDA|VA) 1 $265,000 $265,000 $495 6.50%
    Sonora, CA (FHA|USDA|VA) 3 $265,000 $88,333 $0 9.79%
    Fernley, NV (FHA|USDA|VA) 1 $205,000 $205,000 $0 7.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $175,000 $175,000 $0 7.75%
    Fremont Bank's top markets include San Francisco, San Jose, Sacramento, Los Angeles, and Stockton among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Tennessee (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.

    Los Angeles Federal Credit Union
    Similarity Rank: 42
    VENTURA COUNTY
    Similarity Rank: 56
    MYPOINT Credit Union
    Similarity Rank: 81
    COASTHILLS
    Similarity Rank: 112
    Educational Employees Credit Union
    Similarity Rank: 120
    SESLOC
    Similarity Rank: 169
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 184
    MISSION
    Similarity Rank: 205
    Sierra Central Credit Union
    Similarity Rank: 210
    SOUTHLAND CREDIT UNION
    Similarity Rank: 216

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,506 $358,840,000 $238,274 n/a 9.46%
    Conventional 387 $296,845,000 $767,041 $2,285 6.99%
    FHA 1 $1,145,000 $1,145,000 $21,841 6.63%

    For 2024, Fremont Bank's most frequently originated type of loan was HELOC, with 1,506 originations. Their 2nd most popular type was Conventional, with 387 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 638 $132,910,000 $208,323 $718 9.53%
    Refi 600 $216,400,000 $360,667 $1,403 9.00%
    Other 315 $78,555,000 $249,381 $1,243 9.15%
    Home Purchase 273 $183,225,000 $671,154 $3,100 7.72%
    Cash Out Refi 68 $45,740,000 $672,647 $2,154 7.22%

    For 2024, Fremont Bank's most frequently cited loan purpose was Home Improvement, with 638 originations. The 2nd most popular reason was Refi, with 600 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,658 $556,210,000 $335,470 $2,490 8.96%
    Other 205 $78,295,000 $381,927 $0 9.25%
    20 Year 16 $2,840,000 $177,500 $379 7.14%
    15 Year 11 $13,675,000 $1,243,182 $1,168 6.55%
    10 Year 3 $1,475,000 $491,667 $495 6.92%
    5 Year 1 $4,335,000 $4,335,000 $0 6.75%

    For 2024, Fremont Bank's most frequently cited loan duration was 30 Year, with 1,658 originations. The 2nd most popular length was Other, with 205 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 245 $168,445,000 $687,531
    $5k+ 17 $19,695,000 $1,158,529
    $1k-2k 16 $24,740,000 $1,546,250
    $2k-3k 6 $4,020,000 $670,000
    $3k-4k 5 $1,975,000 $395,000
    $4k-5k 3 $2,225,000 $741,667

    Fremont Bank's average total fees were $2,490, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 245 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 1,512 $362,040,000 $239,444
    6-7% 222 $189,180,000 $852,162
    7-8% 154 $101,590,000 $659,675
    5-6% 6 $4,020,000 $670,000

    During 2024, Fremont Bank's average interest rate for loans was 8.96%, while their most frequently originated rate bucket for loans was Over 8%, with 1,512 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 598 $163,440,000 $273,311 $1,313 9.13%
    $100k-200k 447 $59,325,000 $132,718 $760 9.27%
    $400k-600k 377 $177,325,000 $470,358 $1,427 8.80%
    $100,000 or less 278 $17,040,000 $61,295 $0 9.51%
    $600k-1MM 98 $73,710,000 $752,143 $2,484 7.26%
    $1MM+ 96 $165,990,000 $1,729,063 $4,757 7.10%

    2024 saw Fremont Bank place emphasis on $200k-400k loans with 598 originations, totaling $163,440,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 677 $365,085,000 $539,269 $3,432 8.90%
    $150k-250k 629 $164,985,000 $262,297 $1,538 9.04%
    $100k-150k 315 $58,515,000 $185,762 $1,294 9.01%
    $75k-100k 136 $18,720,000 $137,647 $1,421 8.91%
    $50k-75k 79 $8,975,000 $113,608 $768 9.00%
    $50k or less 26 $2,570,000 $98,846 $1,007 8.83%

    Fremont Bank lent most frequently to those with incomes in the $250k+ range, with 677 originations. The second most popular income band? $150k-250k, with 629 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    49% 307 $76,065,000 $247,769 $2,259 9.27%
    20-30% 209 $76,855,000 $367,727 $1,561 8.59%
    30-36% 206 $66,130,000 $321,019 $2,477 8.77%
    48% 149 $40,115,000 $269,228 $566 9.44%
    47% 116 $37,210,000 $320,776 $1,196 9.13%
    46% 95 $28,315,000 $298,053 $693 9.37%
    44% 88 $30,590,000 $347,614 $1,201 8.80%
    <20% 80 $27,230,000 $340,375 $1,382 8.62%
    40% 79 $31,825,000 $402,848 $3,897 8.53%
    42% 73 $26,155,000 $358,288 $1,032 8.93%
    43% 70 $25,820,000 $368,857 $1,660 9.14%
    41% 67 $28,515,000 $425,597 $2,175 8.75%
    45% 64 $23,160,000 $361,875 $753 9.08%
    38% 59 $23,785,000 $403,136 $7,743 8.74%
    50-60% 59 $10,265,000 $173,983 $0 9.69%
    36% 53 $19,945,000 $376,321 $3,148 8.62%
    39% 53 $24,985,000 $471,415 $2,619 8.70%
    37% 49 $25,475,000 $519,898 $5,590 8.60%
    >60% 1 $65,000 $65,000 $0 9.00%

    Fremont Bank lent most frequently to those with DTI ratios of 49%, with 307 originations. The next most common DTI ratio? 20-30%, with 209 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 741 $247,745,000 $334,339 $1,935 8.90%
    Asian 540 $193,380,000 $358,111 $2,393 9.02%
    Not provided 539 $166,835,000 $309,527 $2,978 9.00%
    Not applicable 16 $33,070,000 $2,066,875 $0 7.08%
    Black 31 $6,425,000 $207,258 $2,485 9.31%
    American Indian 14 $5,450,000 $389,286 $3,451 8.96%
    Native Hawaiian or Islander 13 $3,925,000 $301,923 $545 8.88%

    Approval Rates

    Total approvals of all applications
    74.18%

    Fremont Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.63%

    Fremont Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,894 $656,830,000 $346,795

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,894 $656,830,000 $346,795

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 506 $194,860,000 $385,099 $1,178 9.16%
    40-60% 137 $95,225,000 $695,073 $2,795 7.80%
    60-80% 142 $142,040,000 $1,000,282 $3,529 7.13%
    80-100% 31 $23,345,000 $753,065 $2,090 6.97%
    Under 20% 1,078 $201,360,000 $186,790 $735 9.30%