Frontier Bank Mortgage Rates, Fees & Info

Omaha, NE

LEI: 254900HEPQK96AEXHS12

Tax ID: 47-0098167

5 stars - Updated: 4/16/24 - out of 5 stars, based on 18 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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 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 Pensacola among others. We have data for 20 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 an above 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 relatively high 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.65% 4/16/24
    30 Year Conventional Refi 6.66% 4/16/24
    30 Year Cash-out Refi 6.88% 4/16/24
    30 Year VA Purchase 5.92% 4/16/24
    30 Year USDA Purchase 7.10% 4/16/24
    15 Year Conventional Purchase 6.23% 4/16/24
    15 Year Conventional Refi 6.23% 4/16/24
    15 Year Cash-out Refi 6.23% 4/16/24
    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.

    Frontier Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Frontier Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    339

    Origination Dollar Volume (All Markets)

    $90,975,000

    Awards

    Frontier Bank 30 Year Conventional Loans bronze Frontier Bank 30 Year Conventional Loans silver Frontier Bank 30 Year Conventional Loans silver
    Show all (3) awards

    Relative Rate

    Frontier Bank's average 30 year fixed mortgage rate was 6.85%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of 0.37%.

    Relative Fees (Closing Costs)

    Frontier Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $3,378.

    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 $9,089.

    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) 119 $42,265,000 $355,168 $2,860 7.45%
    LINCOLN, NE (FHA|USDA|VA) 74 $21,570,000 $291,486 $1,843 7.51%
    Outside of Metro Areas 72 $8,930,000 $124,028 $1,808 7.57%
    Norfolk, NE (FHA|USDA|VA) 47 $7,765,000 $165,213 $2,279 8.10%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 5 $3,745,000 $749,000 $3,496 7.31%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $1,405,000 $1,405,000 $1,203 7.50%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $1,165,000 $1,165,000 $0 7.25%
    Columbus, NE (FHA|USDA|VA) 4 $750,000 $187,500 $2,111 7.78%
    SPRINGFIELD, MO (FHA|USDA|VA) 4 $630,000 $157,500 $0 7.81%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $535,000 $535,000 $6,502 5.99%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $465,000 $465,000 $0 7.25%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $440,000 $220,000 $0 5.88%
    Jackson, WY-ID (FHA|USDA|VA) 1 $405,000 $405,000 $2,495 8.50%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $265,000 $265,000 $2,918 6.99%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,565 6.63%
    Beatrice, NE (FHA|USDA|VA) 1 $145,000 $145,000 $1,425 6.13%
    St. Marys, GA (FHA|USDA|VA) 1 $145,000 $145,000 $3,116 6.88%
    GRAND ISLAND, NE (FHA|USDA|VA) 1 $115,000 $115,000 $0 8.25%
    Fremont, NE (FHA|USDA|VA) 1 $55,000 $55,000 $513 11.50%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $15,000 $15,000 $1,197 9.25%
    Frontier Bank's top markets include Omaha, Lincoln, Norfolk, Phoenix, and Pensacola among others.

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

    METRO CU
    Similarity Rank: 56
    U.S. HOME MORTGAGE, INC.
    Similarity Rank: 72
    South Metro Federal Credit Union
    Similarity Rank: 75
    Cobalt Credit Union
    Similarity Rank: 192
    LIBERTY FIRST
    Similarity Rank: 225
    FOUR POINTS
    Similarity Rank: 240
    CENTRIS FEDERAL CREDIT UNION
    Similarity Rank: 243
    Security First Bank
    Similarity Rank: 260
    First State Bank
    Similarity Rank: 396
    Exchange Bank
    Similarity Rank: 510

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 331 $89,495,000 $270,378 $2,200 7.60%
    USDA 7 $1,315,000 $187,857 $5,239 7.00%
    VA 1 $165,000 $165,000 $3,664 5.75%

    For 2023, Frontier Bank's most frequently originated type of loan was Conventional, with 331 originations. Their 2nd most popular type was USDA, with 7 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 222 $73,170,000 $329,595 $3,042 7.42%
    Refi 71 $12,235,000 $172,324 $1,244 7.79%
    Other 23 $1,375,000 $59,783 $992 8.67%
    Home Improvement 17 $3,185,000 $187,353 $1,341 7.69%
    Cash Out Refi 6 $1,010,000 $168,333 $2,974 6.98%

    For 2023, Frontier Bank's most frequently cited loan purpose was Home Purchase, with 222 originations. The 2nd most popular reason was Refi, with 71 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 104 $27,710,000 $266,442 $3,378 6.85%
    Other 100 $24,760,000 $247,600 $1,049 8.02%
    5 Year 75 $19,575,000 $261,000 $428 7.80%
    1 Year 50 $17,150,000 $343,000 $2,495 7.98%
    20 Year 5 $1,055,000 $211,000 $2,251 7.33%
    15 Year 2 $280,000 $140,000 $3,733 5.00%
    3 Year 2 $330,000 $165,000 $348 8.88%
    10 Year 1 $115,000 $115,000 $433 8.65%

    For 2023, Frontier Bank's most frequently cited loan duration was 30 Year, with 104 originations. The 2nd most popular length was Other, with 100 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 164 $43,850,000 $267,378
    $1k-2k 34 $8,290,000 $243,824
    $2k-3k 6 $2,960,000 $493,333
    $5k+ 6 $2,840,000 $473,333
    $4k-5k 3 $1,585,000 $528,333
    $3k-4k 2 $850,000 $425,000

    Frontier Bank's average total fees were $3,378, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 164 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 166 $44,970,000 $270,904
    Over 8% 84 $18,330,000 $218,214
    6-7% 72 $22,500,000 $312,500
    5-6% 14 $4,610,000 $329,286
    4-5% 2 $460,000 $230,000
    3-4% 1 $105,000 $105,000

    During 2023, Frontier Bank's average interest rate for loans was 6.85%, while their most frequently originated rate bucket for loans was 7-8%, with 166 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 98 $26,260,000 $267,959 $2,832 7.39%
    $100k-200k 93 $13,875,000 $149,194 $2,451 7.54%
    $100,000 or less 84 $4,440,000 $52,857 $851 8.09%
    $400k-600k 35 $16,085,000 $459,571 $2,807 7.19%
    $600k-1MM 17 $12,315,000 $724,412 $4,658 7.36%
    $1MM+ 12 $18,000,000 $1,500,000 $2,972 7.46%

    2023 saw Frontier Bank place emphasis on $200k-400k loans with 98 originations, totaling $26,260,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 50 $11,030,000 $220,600 $2,426 7.31%
    $250k+ 48 $28,930,000 $602,708 $2,925 7.44%
    $75k-100k 38 $5,690,000 $149,737 $2,350 7.60%
    $150k-250k 37 $10,965,000 $296,351 $2,542 7.37%
    $50k-75k 32 $4,180,000 $130,625 $1,867 7.71%
    $50k or less 32 $3,520,000 $110,000 $1,328 7.89%

    Frontier Bank lent most frequently to those with incomes in the $100k-150k range, with 50 originations. The second most popular income band? $250k+, with 48 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 61 $16,935,000 $277,623 $2,408 7.47%
    20-30% 50 $9,760,000 $195,200 $2,179 7.63%
    <20% 35 $8,965,000 $256,143 $1,554 7.49%
    37% 10 $2,890,000 $289,000 $2,071 7.69%
    42% 9 $3,605,000 $400,556 $3,536 6.91%
    41% 8 $2,220,000 $277,500 $3,034 7.09%
    40% 7 $1,865,000 $266,429 $2,394 8.09%
    38% 7 $3,035,000 $433,571 $3,152 7.20%
    49% 6 $1,370,000 $228,333 $2,298 7.35%
    39% 6 $2,020,000 $336,667 $2,734 7.30%
    >60% 5 $3,405,000 $681,000 $684 7.90%
    50-60% 5 $1,535,000 $307,000 $772 8.30%
    45% 4 $900,000 $225,000 $2,316 7.09%
    36% 3 $865,000 $288,333 $5,217 7.03%
    44% 3 $565,000 $188,333 $2,189 6.87%
    43% 3 $1,345,000 $448,333 $3,039 6.96%
    47% 2 $1,020,000 $510,000 $2,834 7.63%
    48% 1 $235,000 $235,000 $3,292 6.38%
    46% 1 $165,000 $165,000 $3,664 5.75%

    Frontier Bank lent most frequently to those with DTI ratios of 30-36%, with 61 originations. The next most common DTI ratio? 20-30%, with 50 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 218 $58,890,000 $270,138 $2,239 7.53%
    Not applicable 94 $24,530,000 $260,957 $0 7.76%
    Not provided 18 $5,320,000 $295,556 $2,597 7.25%
    American Indian 2 $1,020,000 $510,000 $3,516 8.13%
    Asian 4 $530,000 $132,500 $3,003 7.41%
    Vietnamese 2 $430,000 $215,000 $0 8.23%
    Black 1 $255,000 $255,000 $5,257 7.63%

    Approval Rates

    Total approvals of all applications
    92.75%

    Frontier Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.15%

    Frontier Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 339 $90,975,000 $268,363

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    339 $90,975,000 $268,363

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 36 $7,010,000 $194,722 $1,373 7.64%
    40-60% 56 $17,170,000 $306,607 $2,297 7.58%
    60-80% 132 $40,370,000 $305,833 $2,691 7.50%
    80-100% 76 $21,680,000 $285,263 $3,095 7.39%
    Over 100% 1 $305,000 $305,000 $2,369 7.40%
    Under 20% 37 $4,285,000 $115,811 $530 8.24%