Frontier Bank Mortgage Rates, Fees & Info
Omaha, NELEI: 254900HEPQK96AEXHS12
Tax ID: 47-0098167
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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.
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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
483Origination Dollar Volume (All Markets)
$185,975,000Relative 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% |
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.
Similarity Rank: 242
Similarity Rank: 360
Similarity Rank: 420
Similarity Rank: 441
Similarity Rank: 483
Similarity Rank: 624
Similarity Rank: 624
Similarity Rank: 855
Similarity Rank: 931
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
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
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
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
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
2022 saw Frontier Bank place emphasis on $200k-400k loans with 169 originations, totaling $48,775,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications95.20%
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 origination89.44%
Frontier Bank has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 483 | $185,975,000 | $385,041 |
LTV Distribution
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% |