Our No Mystery No Closing Cost2 Fixed Rate Mortgage products are easy to understand and even easier to pay. With a Fixed Rate Mortgage, you can lock in a low interest rate and know what your monthly principal and interest payment will be for the entire term of the loan.
In addition to the traditional Fixed Rate and Adjustable Rate Mortgage loans (ARMs), we offer a variety of other loan options, including No Closing Costs2 and Discount Points4.
You may choose to pay "discount points" for a reduced interest rate which could lower your monthly payment. One point costs 1% of your loan amount and paying it may reduce your interest rate by as much as 0.250%.
Need Extra Cash?
With a Cash-Out Refinance3 you can access your home's available equity to consolidate higher interest rate debt like credit cards or pay for home improvements or other expenses. Your Fremont Bank Relationship Loan Officer can walk you through all our loan programs to help you determine the best option to fit your needs.
Rates and terms valid as of 1/17/2020 8:56 AM
and subject to change without notice.
Loan data is for informational purposes only, and is based on owner occupied single-family homes only. The actual fees, costs and monthly payment on your specific loan transaction may be higher or lower than those quoted based on your information, which may be determined after you apply. This is not a credit decision or a commitment to lend. Loan interest rates are based on current market rates, are subject to pricing adjustments related to several factors including, but not limited to, property type and location, loan amount, loan type, loan-to-value, occupancy type, borrower credit history. Mortgage insurance may be required if loan-to-value (LTV) is higher than 80% which could increase the monthly payment and APR.
Adequate property insurance (which may include flood insurance) is required. Borrower responsible for insurance requirements and applicable state, county, city taxes which can be substantial. Additional loan programs may be available. Other restrictions may apply.
1 The annual percentage rate (APR), is the cost of credit over the term of the loan expressed as an annual rate. The APR above based on interest rate, loan origination fees and applicable closing costs and does not take into account other loan specific finance charges you may be required to pay. Actual rate will be determined after receipt of completed application and prior to execution of loan documents. Rate lock may not be available until final loan approval; fee may apply.
2 No Closing Cost loans are subject to terms and conditions of Fremont Bank's Application Fee Agreement, which lists the specific costs and fees the borrower will not pay. An application fee may be required after a loan application is submitted, which will be refunded as a credit on your Closing Disclosure statement. Application fee is non-refundable if your loan is denied, withdrawn or does not close for any reason. Borrower is responsible for paying all fees and charges imposed by brokers or an existing third party lender (for example, payoff demand statement fee and/or a reconveyance fee) as well as any prepayment penalty imposed by any third party lender or Fremont Bank. Loans with lower nominal interest rates may be available to borrower willing to pay points and fees.
3 Refinancing to lower your monthly payment may extend the number of monthly payments and/or the total amount paid when compared to your current situation. Other loan programs are also available. If you are a servicemember on active duty, prior to seeking a refinance of your existing mortgage loan, please consult with your legal advisor regarding the loss of any benefits you are entitled to under the Servicemembers Civil Relief Act or applicable state law.
4 Loans with points and/or fees (Closing Costs) may have a lower nominal interest rate than “No Closing Cost" loans. Discount points are a form of prepaid interest paid up front in exchange for a lower interest rate. The reduced interest rate will only save money over a long term; the longer a borrower plans to live in the home, the better the chance of reaching the "break-even" point. There are a variety of points and fee options, so please ask your loan officer about available programs to help you decide whether paying points is an option for you.
Loans available for properties located in CA and NV. Rates may not be available in all areas. Actual rates may vary. Loans subject to credit qualifications and underwriting requirements. Property type and other restrictions may apply. Other loan programs available. Call for details. Refers to programs A120 - 10 year, A25 - 15 year, A5 - 30 year.