Fremont Federal Credit Union Mortgage Rates, Fees & Info

Fremont, OH

LEI: 549300MXBLBJSY4S5R72

Tax ID: 34-4450599

Latest/2023 | 2022 Data | 2021 Data | 2020 Data |

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Mortgage Data

Review & Overview

Fremont Federal Credit Union is a smaller credit union specializing in Home Purchase loans. Fremont Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Fremont, Toledo, Tiffin, Findlay, and Sandusky among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Fremont Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

187

Origination Dollar Volume (All Markets)

$25,595,000

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
Fremont, OH (FHA|USDA|VA) 140 $18,670,000 $133,357 $0 0.00%
TOLEDO, OH (FHA|USDA|VA) 28 $4,380,000 $156,429 $0 0.00%
Tiffin, OH (FHA|USDA|VA) 9 $1,315,000 $146,111 $0 0.00%
Findlay, OH (FHA|USDA|VA) 3 $295,000 $98,333 $0 0.00%
Sandusky, OH (FHA|USDA|VA) 2 $250,000 $125,000 $0 0.00%
COLUMBUS, OH (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
Norwalk, OH (FHA|USDA|VA) 2 $210,000 $105,000 $0 0.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
Outside of Metro Areas 1 $115,000 $115,000 $0 0.00%
Fremont Federal Credit Union's top markets include Fremont, Toledo, Tiffin, Findlay, and Sandusky among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 187 $25,595,000 $136,872 $0 0.00%

    For 2023, Fremont Federal Credit Union's most frequently originated type of loan was Conventional, with 187 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 141 $20,075,000 $142,376 $0 0.00%
    Cash Out Refi 29 $3,405,000 $117,414 $0 0.00%
    Refi 17 $2,115,000 $124,412 $0 0.00%

    For 2023, Fremont Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 141 originations. The 2nd most popular reason was Cash Out Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 187 $25,595,000 $136,872 $0 0.00%

    For 2023, Fremont Federal Credit Union's most frequently cited loan duration was Other, with 187 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 85 $12,085,000 $142,176 $0 0.00%
    $100,000 or less 75 $5,085,000 $67,800 $0 0.00%
    $200k-400k 21 $5,435,000 $258,810 $0 0.00%
    $400k-600k 5 $2,325,000 $465,000 $0 0.00%
    $600k-1MM 1 $665,000 $665,000 $0 0.00%

    2023 saw Fremont Federal Credit Union place emphasis on $100k-200k loans with 85 originations, totaling $12,085,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 66 $8,400,000 $127,273 $0 0.00%
    $50k or less 54 $4,780,000 $88,519 $0 0.00%
    $100k-150k 35 $6,505,000 $185,857 $0 0.00%
    $75k-100k 22 $3,430,000 $155,909 $0 0.00%
    $150k-250k 9 $2,055,000 $228,333 $0 0.00%
    $250k+ 1 $425,000 $425,000 $0 0.00%

    Fremont Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 66 originations. The second most popular income band? $50k or less, with 54 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 187 $25,595,000 $136,872 $0 0.00%

    Fremont Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 187 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 173 $23,565,000 $136,214 $0 0.00%
    Black 6 $940,000 $156,667 $0 0.00%
    Not provided 5 $585,000 $117,000 $0 0.00%
    Asian 2 $460,000 $230,000 $0 0.00%
    American Indian 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.03%

    Fremont Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    94.65%

    Fremont Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 187 $25,595,000 $136,872

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    187 $25,595,000 $136,872