Fremont Federal Credit Union Mortgage Rates, Fees & Info
Fremont, OHLEI: 549300MXBLBJSY4S5R72
Tax ID: 34-4450599
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Fremont Federal Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Fremont Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Fremont, Toledo, Tiffin, Sandusky, and Cape Coral 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
351Origination Dollar Volume (All Markets)
$44,425,000Top 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) | 250 | $29,410,000 | $117,640 | $0 | 0.00% |
| TOLEDO, OH (FHA|USDA|VA) | 59 | $9,405,000 | $159,407 | $0 | 0.00% |
| Tiffin, OH (FHA|USDA|VA) | 21 | $2,275,000 | $108,333 | $0 | 0.00% |
| Sandusky, OH (FHA|USDA|VA) | 10 | $1,420,000 | $142,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 0.00% |
| Norwalk, OH (FHA|USDA|VA) | 5 | $595,000 | $119,000 | $0 | 0.00% |
| Findlay, OH (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 351 | $44,425,000 | $126,567 | $0 | 0.00% |
For 2021, Fremont Federal Credit Union's most frequently originated type of loan was Conventional, with 351 originations.
Loan Reason
For 2021, Fremont Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 158 originations. The 2nd most popular reason was Refi, with 139 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 351 | $44,425,000 | $126,567 | $0 | 0.00% |
For 2021, Fremont Federal Credit Union's most frequently cited loan duration was Other, with 351 originations.
Loan Sizing
2021 saw Fremont Federal Credit Union place emphasis on $100,000 or less loans with 153 originations, totaling $11,185,000 in origination value.
Applicant Income
Fremont Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 106 originations. The second most popular income band? $50k or less, with 105 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 351 | $44,425,000 | $126,567 | $0 | 0.00% |
Fremont Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 351 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.44%
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 origination98.29%
Fremont Federal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 351 | $44,425,000 | $126,567 |