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 loans. Fremont Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Fremont, Toledo, Sandusky, Tiffin, and Columbus among others. We have data for 11 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
209Origination Dollar Volume (All Markets)
$28,515,000Top 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) | 170 | $21,760,000 | $128,000 | $0 | 0.00% |
| TOLEDO, OH (FHA|USDA|VA) | 17 | $3,035,000 | $178,529 | $0 | 0.00% |
| Sandusky, OH (FHA|USDA|VA) | 5 | $895,000 | $179,000 | $0 | 0.00% |
| Tiffin, OH (FHA|USDA|VA) | 6 | $650,000 | $108,333 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $425,000 | $425,000 | $0 | 0.00% |
| Findlay, OH (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Defiance, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 209 | $28,515,000 | $136,435 | $0 | 0.00% |
For 2022, Fremont Federal Credit Union's most frequently originated type of loan was Conventional, with 209 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 149 | $21,035,000 | $141,174 | $0 | 0.00% |
| Cash Out Refi | 35 | $4,015,000 | $114,714 | $0 | 0.00% |
| Refi | 25 | $3,465,000 | $138,600 | $0 | 0.00% |
For 2022, Fremont Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 149 originations. The 2nd most popular reason was Cash Out Refi, with 35 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 209 | $28,515,000 | $136,435 | $0 | 0.00% |
For 2022, Fremont Federal Credit Union's most frequently cited loan duration was Other, with 209 originations.
Loan Sizing
2022 saw Fremont Federal Credit Union place emphasis on $100k-200k loans with 89 originations, totaling $12,065,000 in origination value.
Applicant Income
Fremont Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 69 originations. The second most popular income band? $50k-75k, with 51 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 209 | $28,515,000 | $136,435 | $0 | 0.00% |
Fremont Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 209 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.38%
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 origination93.30%
Fremont Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 209 | $28,515,000 | $136,435 |