Frontier Bank Mortgage Rates, Fees & Info

Omaha, NE

LEI: 254900HEPQK96AEXHS12

Tax ID: 47-0098167

5 stars - out of 5 stars, based on 22 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Frontier Bank is a smaller bank specializing in Home Purchase and Refi loans. Frontier Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Omaha, Lincoln, Norfolk, Phoenix, and Grand Island among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Frontier Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Frontier 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 about average 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
    30 Year Conventional Purchase 6.65% 3/31/23
    30 Year Conventional Refi 6.66% 3/31/23
    30 Year Cash-out Refi 6.88% 3/31/23
    30 Year VA Purchase 5.92% 3/31/23
    30 Year USDA Purchase 7.10% 3/31/23
    15 Year Conventional Purchase 6.23% 3/31/23
    15 Year Conventional Refi 6.23% 3/31/23
    15 Year Cash-out Refi 6.23% 3/31/23
    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.


    Originations

    483

    Origination Dollar Volume (All Markets)

    $185,975,000
    Show all (9) awards

    Relative Rate

    Frontier Bank's average 30 year fixed mortgage rate was 4.73%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.03%.

    Relative Fees (Closing Costs)

    Frontier Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $3,363.

    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 $4,750.

    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
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 156 $75,740,000 $485,513 $2,994 4.82%
    LINCOLN, NE (FHA|USDA|VA) 138 $64,390,000 $466,594 $2,398 4.60%
    Outside of Metro Areas 92 $13,110,000 $142,500 $1,410 4.97%
    Norfolk, NE (FHA|USDA|VA) 56 $10,190,000 $181,964 $2,336 5.42%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 6 $6,020,000 $1,003,333 $2,877 3.97%
    GRAND ISLAND, NE (FHA|USDA|VA) 1 $3,685,000 $3,685,000 $0 4.25%
    Columbus, NE (FHA|USDA|VA) 4 $1,980,000 $495,000 $3,706 5.47%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $1,605,000 $535,000 $0 3.98%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $1,485,000 $1,485,000 $6,422 5.50%
    SPRINGFIELD, MO (FHA|USDA|VA) 3 $785,000 $261,667 $0 5.00%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2 $710,000 $355,000 $3,770 4.60%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $645,000 $645,000 $10,335 3.75%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $505,000 $505,000 $0 3.99%
    BEND, OR (FHA|USDA|VA) 1 $485,000 $485,000 $3,982 4.75%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $475,000 $475,000 $2,056 3.13%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $445,000 $445,000 $5,457 3.99%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 2 $440,000 $220,000 $3,600 3.13%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $405,000 $405,000 $718 4.95%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $385,000 $385,000 $0 5.75%
    Kearney, NE (FHA|USDA|VA) 1 $385,000 $385,000 $2,428 5.49%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 2 $360,000 $180,000 $0 4.50%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $345,000 $345,000 $0 4.50%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $335,000 $335,000 $0 4.00%
    Brookings, SD (FHA|USDA|VA) 2 $280,000 $140,000 $1,937 5.58%
    Maryville, MO (FHA|USDA|VA) 1 $245,000 $245,000 $0 5.20%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $230,000 $115,000 $1,021 5.75%
    LAWRENCE, KS (FHA|USDA|VA) 1 $205,000 $205,000 $2,208 3.13%
    Spirit Lake, IA (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.25%
    Frontier Bank's top markets include Omaha, Lincoln, Norfolk, Phoenix, and Grand Island among others.

    Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Frontier Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    MUTUAL FIRST
    Similarity Rank: 242
    METRO CU
    Similarity Rank: 360
    Cobalt Credit Union
    Similarity Rank: 420
    U.S. HOME MORTGAGE, INC.
    Similarity Rank: 441
    KELLOGG MIDWEST FEDERAL CREDIT UNION
    Similarity Rank: 483
    Central National Bank
    Similarity Rank: 624
    Five Points Bank
    Similarity Rank: 624
    CENTRIS FEDERAL CREDIT UNION
    Similarity Rank: 855
    CORNHUSKER BANK
    Similarity Rank: 931
    Equitable Bank
    Similarity Rank: 1020

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 469 $182,685,000 $389,520 $2,349 4.85%
    VA 9 $2,615,000 $290,556 $5,446 3.22%
    USDA 5 $675,000 $135,000 $4,689 5.83%

    For 2022, Frontier Bank's most frequently originated type of loan was Conventional, with 469 originations. Their 2nd most popular type was VA, with 9 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 323 $130,565,000 $404,226 $3,138 4.88%
    Refi 99 $44,895,000 $453,485 $1,411 4.63%
    Cash Out Refi 23 $6,075,000 $264,130 $2,799 4.04%
    Home Improvement 19 $2,715,000 $142,895 $629 4.87%
    Other 19 $1,725,000 $90,789 $574 5.94%

    For 2022, Frontier Bank's most frequently cited loan purpose was Home Purchase, with 323 originations. The 2nd most popular reason was Refi, with 99 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 192 $60,160,000 $313,333 $3,363 4.73%
    Other 137 $37,195,000 $271,496 $1,018 5.07%
    5 Year 85 $29,405,000 $345,941 $240 4.80%
    1 Year 35 $11,335,000 $323,857 $2,202 5.01%
    15 Year 17 $4,905,000 $288,529 $3,441 4.18%
    3 Year 7 $1,935,000 $276,429 $1,404 4.59%
    10 Year 6 $40,420,000 $6,736,667 $328 4.54%
    20 Year 4 $620,000 $155,000 $2,228 4.50%

    For 2022, Frontier Bank's most frequently cited loan duration was 30 Year, with 192 originations. The 2nd most popular length was Other, with 137 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 280 $81,240,000 $290,143
    $1k-2k 36 $9,880,000 $274,444
    $4k-5k 9 $7,295,000 $810,556
    $5k+ 8 $3,790,000 $473,750
    $2k-3k 7 $2,025,000 $289,286
    $3k-4k 6 $2,180,000 $363,333

    Frontier Bank's average total fees were $3,363, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 280 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 151 $45,995,000 $304,603
    3-4% 130 $87,810,000 $675,462
    5-6% 121 $35,345,000 $292,107
    6-7% 51 $10,425,000 $204,412
    7-8% 14 $1,860,000 $132,857
    2.5-3% 8 $2,490,000 $311,250
    <2.5% 5 $1,905,000 $381,000
    Over 8% 3 $145,000 $48,333

    During 2022, Frontier Bank's average interest rate for loans was 4.73%, while their most frequently originated rate bucket for loans was 4-5%, with 151 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 169 $48,775,000 $288,609 $2,927 4.77%
    $100k-200k 125 $18,685,000 $149,480 $1,834 4.88%
    $100,000 or less 85 $4,265,000 $50,176 $831 5.40%
    $400k-600k 61 $28,195,000 $462,213 $3,500 4.49%
    $600k-1MM 23 $16,215,000 $705,000 $3,918 4.30%
    $1MM+ 20 $69,840,000 $3,492,000 $3,587 4.33%

    2022 saw Frontier Bank place emphasis on $200k-400k loans with 169 originations, totaling $48,775,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 81 $44,925,000 $554,630 $2,768 4.68%
    $100k-150k 79 $19,595,000 $248,038 $2,702 5.00%
    $150k-250k 76 $24,740,000 $325,526 $2,868 4.74%
    $50k-75k 50 $7,880,000 $157,600 $2,129 5.04%
    $75k-100k 45 $8,765,000 $194,778 $2,210 4.81%
    $50k or less 35 $3,585,000 $102,429 $1,623 5.18%

    Frontier Bank lent most frequently to those with incomes in the $250k+ range, with 81 originations. The second most popular income band? $100k-150k, with 79 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 111 $33,335,000 $300,315 $2,071 4.91%
    <20% 77 $26,565,000 $345,000 $1,947 4.71%
    30-36% 57 $17,025,000 $298,684 $2,767 4.86%
    36% 14 $4,010,000 $286,429 $4,497 5.19%
    43% 14 $3,990,000 $285,000 $3,909 4.94%
    40% 11 $2,755,000 $250,455 $4,129 4.99%
    37% 11 $3,095,000 $281,364 $1,460 4.52%
    42% 9 $3,225,000 $358,333 $2,426 4.41%
    38% 9 $2,405,000 $267,222 $4,116 5.99%
    48% 8 $2,590,000 $323,750 $2,320 4.25%
    39% 7 $1,355,000 $193,571 $1,775 4.61%
    45% 6 $1,620,000 $270,000 $2,545 5.67%
    46% 6 $1,680,000 $280,000 $2,729 5.33%
    41% 6 $1,680,000 $280,000 $2,582 4.89%
    44% 6 $1,320,000 $220,000 $2,509 5.20%
    49% 6 $1,480,000 $246,667 $2,472 4.42%
    >60% 4 $1,630,000 $407,500 $1,307 4.75%
    47% 4 $810,000 $202,500 $2,183 5.14%

    Frontier Bank lent most frequently to those with DTI ratios of 20-30%, with 111 originations. The next most common DTI ratio? <20%, with 77 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 314 $93,070,000 $296,401 $2,374 4.89%
    Not applicable 104 $69,130,000 $664,712 $0 4.73%
    Not provided 53 $20,295,000 $382,925 $2,870 4.65%
    Asian 8 $2,410,000 $301,250 $2,388 4.34%
    American Indian 2 $500,000 $250,000 $3,270 6.19%
    Black 1 $395,000 $395,000 $6,471 5.99%
    Asian Indian 1 $175,000 $175,000 $2,742 7.13%

    Approval Rates

    Total approvals of all applications
    95.20%

    Frontier Bank 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
    89.44%

    Frontier Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 483 $185,975,000 $385,041

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    483 $185,975,000 $385,041

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 42 $7,120,000 $169,524 $1,326 5.17%
    40-60% 77 $41,665,000 $541,104 $2,271 4.83%
    60-80% 207 $96,055,000 $464,034 $2,730 4.68%
    80-100% 117 $32,015,000 $273,632 $3,097 4.90%
    Over 100% 3 $1,435,000 $478,333 $1,408 4.62%
    Under 20% 37 $7,685,000 $207,703 $556 5.11%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Fairway Independent Mortgage Corporation Conventional home mortgage Improper use of your report 1 100.0%