Frontier Bank Mortgage Rates, Fees & Info

Omaha, NE

LEI: 254900HEPQK96AEXHS12

Tax ID: 47-0098167

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

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Bank Data

Review & Overview

Frontier Bank is a smaller bank specializing in Refi and 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, Denver, and Phoenix among others. We have data for 44 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.

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% 3/28/24
30 Year Conventional Refi 6.66% 3/28/24
30 Year Cash-out Refi 6.88% 3/28/24
30 Year VA Purchase 5.92% 3/28/24
30 Year USDA Purchase 7.10% 3/28/24
15 Year Conventional Purchase 6.23% 3/28/24
15 Year Conventional Refi 6.23% 3/28/24
15 Year Cash-out Refi 6.23% 3/28/24
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

1,005

Origination Dollar Volume (All Markets)

$258,545,000

Employee count

119

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) 333 $99,135,000 $297,703 $0 0.00%
LINCOLN, NE (FHA|USDA|VA) 361 $92,705,000 $256,801 $0 0.00%
Outside of Metro Areas 125 $17,525,000 $140,200 $0 0.00%
Norfolk, NE (FHA|USDA|VA) 90 $13,580,000 $150,889 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 19 $6,685,000 $351,842 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 10 $4,990,000 $499,000 $0 0.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $3,875,000 $1,291,667 $0 0.00%
Columbus, NE (FHA|USDA|VA) 8 $2,170,000 $271,250 $0 0.00%
Beatrice, NE (FHA|USDA|VA) 8 $1,340,000 $167,500 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $1,225,000 $1,225,000 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,160,000 $290,000 $0 0.00%
BOULDER, CO (FHA|USDA|VA) 3 $1,145,000 $381,667 $0 0.00%
FORT COLLINS, CO (FHA|USDA|VA) 3 $975,000 $325,000 $0 0.00%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $890,000 $445,000 $0 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $890,000 $445,000 $0 0.00%
SANTA FE, NM (FHA|USDA|VA) 1 $855,000 $855,000 $0 0.00%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $770,000 $385,000 $0 0.00%
Spirit Lake, IA (FHA|USDA|VA) 2 $620,000 $310,000 $0 0.00%
BEND, OR (FHA|USDA|VA) 2 $550,000 $275,000 $0 0.00%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $525,000 $525,000 $0 0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $515,000 $515,000 $0 0.00%
Centralia, WA (FHA|USDA|VA) 1 $515,000 $515,000 $0 0.00%
Kalispell, MT (FHA|USDA|VA) 1 $515,000 $515,000 $0 0.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $515,000 $515,000 $0 0.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $515,000 $515,000 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $485,000 $485,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $435,000 $435,000 $0 0.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
Hastings, NE (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
JOPLIN, MO (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 2 $200,000 $100,000 $0 0.00%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Maryville, MO (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
ST. GEORGE, UT (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
North Platte, NE (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Storm Lake, IA (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
MEDFORD, OR (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Brainerd, MN (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Fremont, NE (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Frontier Bank's top markets include Omaha, Lincoln, Norfolk, Denver, and Phoenix among others.

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

    U.S. HOME MORTGAGE, INC.
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    CREIGHTON FEDERAL CREDIT UNION
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    METRO CU
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    Central National Bank
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    CORNHUSKER BANK
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 972 $252,600,000 $259,877 $0 0.00%
    USDA 17 $2,105,000 $123,824 $0 0.00%
    VA 16 $3,840,000 $240,000 $0 0.00%

    For 2020, Frontier Bank's most frequently originated type of loan was Conventional, with 972 originations. Their 2nd most popular type was USDA, with 17 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 492 $142,200,000 $289,024 $0 0.00%
    Home Purchase 355 $80,905,000 $227,901 $0 0.00%
    Cash Out Refi 123 $31,415,000 $255,407 $0 0.00%
    Other 27 $3,525,000 $130,556 $0 0.00%
    Home Improvement 8 $500,000 $62,500 $0 0.00%

    For 2020, Frontier Bank's most frequently cited loan purpose was Refi, with 492 originations. The 2nd most popular reason was Home Purchase, with 355 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,005 $258,545,000 $257,259 $0 0.00%

    For 2020, Frontier Bank's most frequently cited loan duration was Other, with 1,005 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 372 $104,190,000 $280,081 $0 0.00%
    $100k-200k 327 $48,885,000 $149,495 $0 0.00%
    $100,000 or less 152 $9,840,000 $64,737 $0 0.00%
    $400k-600k 135 $64,255,000 $475,963 $0 0.00%
    $1MM+ 10 $24,890,000 $2,489,000 $0 0.00%
    $600k-1MM 9 $6,485,000 $720,556 $0 0.00%

    2020 saw Frontier Bank place emphasis on $200k-400k loans with 372 originations, totaling $104,190,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 208 $51,010,000 $245,240 $0 0.00%
    $150k-250k 170 $46,400,000 $272,941 $0 0.00%
    $250k+ 156 $59,460,000 $381,154 $0 0.00%
    $50k-75k 133 $21,865,000 $164,398 $0 0.00%
    $75k-100k 121 $25,135,000 $207,727 $0 0.00%
    $50k or less 95 $11,165,000 $117,526 $0 0.00%

    Frontier Bank lent most frequently to those with incomes in the $100k-150k range, with 208 originations. The second most popular income band? $150k-250k, with 170 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 1,005 $258,545,000 $257,259 $0 0.00%

    Frontier Bank lent most frequently to those with DTI ratios of Exempt%, with 1,005 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 751 $178,265,000 $237,370 $0 0.00%
    Not applicable 118 $43,110,000 $365,339 $0 0.00%
    Not provided 107 $31,505,000 $294,439 $0 0.00%
    Asian 15 $3,105,000 $207,000 $0 0.00%
    American Indian 6 $890,000 $148,333 $0 0.00%
    Native Hawaiian or Islander 3 $755,000 $251,667 $0 0.00%
    Chinese 2 $580,000 $290,000 $0 0.00%
    Black 3 $335,000 $111,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.92%

    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
    99.30%

    Frontier Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 1,005 $258,545,000 $257,259

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 21 $26,365,000 $1,255,476
    Single Family (1-4 Units):Site-Built 984 $232,180,000 $235,955

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Frontline Financial, LLC FHA mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Frontier Bank 1106 Benjamin Avenue, Suite 100 Norfolk, NE 68701 Full Service B&M $21,176
    Frontier Bank 1616 Harlan Street Falls City, NE 68355 Full Service B&M $108,636
    Frontier Bank 17002 Marcy Street, Suite 120 Omaha, NE 68118 Limited, Administrative $0
    Frontier Bank 17002 Marcy Street, Suite 120 Omaha, NE 68118 Full Service B&M $215,927
    Frontier Bank 217 North Main Stella, NE 68442 Full Service B&M $22,271
    Frontier Bank 222 Main Street Pender, NE 68047 Full Service B&M $116,570
    Frontier Bank 301 South Main Street Madison, NE 68748 Full Service B&M $74,925
    Frontier Bank 6940 O Street Lincoln, NE 68510 Full Service B&M $30,273
    Frontier Bank 8380 Glynoaks Drive Lincoln, NE 68506 Full Service B&M $157,491

    For 2020, Frontier Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $42,329
    Net interest income $31,456
    Total noninterest income $5,117
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $254
    Trading account gains and fees $0
    Additional Noninterest Income $4,863
    Pre-tax net operating income $16,110
    Securities gains (or losses, -) $611
    Income before extraordinary items $16,407
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $16,407
    Minority interest net income $0
    Net income $16,407
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $15,808

    Frontier Bank's gross interest income from loans was $42,329,000.
    Frontier Bank's net interest income from loans was $31,456,000.
    Frontier Bank's fee based income from loans was $254,000.
    Frontier Bank's net income from loans was $16,407,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $10,873
    Provision for credit losses $1,729
    Total noninterest expense $18,734
    Salaries and employee benefits $12,286
    Premises and equipment expense $1,931
    Additional noninterest expense $4,517
    Applicable income taxes $314
    Net charge-offs $91
    Cash dividends $4,408

    Frontier Bank's interest expense for loans was $10,873,000.
    Frontier Bank's payroll and benefits expense were $12,286,000.
    Frontier Bank's property, plant and equipment expenses $1,931,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $781,183
    Deposits held in domestic offices $781,183
    Deposits by Individuals, partnerships, and corporations $642,615
    Deposits by U.S. Government $10,039
    Deposits by States and political subdivisions in the U.S. $87,074
    Deposits by Commercial banks and other depository institutions in U.S. $41,455
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $264,297
    Demand deposits $160,960
    Nontransaction accounts $516,886
    Money market deposit accounts (MMDAs) $238,944
    Other savings deposits (excluding MMDAs) $43,699
    Total time deposits $234,243
    Total time and savings deposits $620,223
    Noninterest-bearing deposits $110,683
    Interest-bearing deposits $670,500
    Retail deposits $701,863
    IRAs and Keogh plan accounts $24,465
    Brokered deposits $30,733
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $989,887
    Cash & Balances due from depository institutions $38,157
    Interest-bearing balances $34,917
    Total securities $75,186
    Federal funds sold & reverse repurchase $0
    Net loans and leases $843,741
    Loan and leases loss allowance $9,875
    Trading account assets $0
    Bank premises and fixed assets $4,966
    Other real estate owned $78
    Goodwill and other intangibles $15,213
    All other assets $12,546

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $989,887
    Total Liabilities $881,159
    Total deposits $781,183
    Interest-bearing deposits $670,500
    Deposits held in domestic offices $781,183
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $94,729
    Subordinated debt $0
    All other liabilities $5,247

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $843,741
    Loan and leases loss allowance $9,875
    Total loans and leases (domestic) $853,616
    All real estate loans $643,821
    Real estate loans in domestic offices $643,821
    Construction and development loans $88,551
    Residential 1-4 family construction $31,823
    Other construction, all land development and other land $56,728
    Loans secured by nonfarm nonresidential properties $214,800
    Nonfarm nonresidential secured by owner-occupied properties $79,655
    Commercial real estate & other non-farm, non-residential $135,145
    Multifamily residential real estate $18,219
    1-4 family residential loans $188,609
    Farmland loans $133,642
    Loans held in foreign offices $0
    Farm loans $72,385
    Commercial and industrial loans $121,719
    To non-U.S. addressees $0
    Loans to individuals $12,372
    Credit card loans $0
    Related Plans $3,384
    Consumer Auto Loans $3,536
    Other loans to individuals $5,452
    All other loans & leases $3,319
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $351
    Non 1-4 family restructured loans & leases $351
    Total loans and leases (foreign) $0

    Frontier Bank had $843,741,000 of loans outstanding in 2020. $643,821,000 of loans were in real estate loans. $88,551,000 of loans were in development loans. $18,219,000 of loans were in multifamily mortgage loans. $188,609,000 of loans were in 1-4 family mortgage loans. $72,385,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,536,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 198 $50,281 $253,944
    Nonfarm, nonresidential loans - <$100k 52 $1,991 $38,288
    Nonfarm, nonresidential loans - $100-250k 42 $6,111 $145,500
    Nonfarm, nonresidential loans - $250k-1MM 104 $42,179 $405,567
    Commercial & Industrial, US addressed loans - <$1MM 883 $63,100 $71,461
    Commercial & Industrial, US addressed loans - <$100k 635 $12,823 $20,194
    Commercial & Industrial, US addressed loans - $100-250k 124 $12,076 $97,387
    Commercial & Industrial, US addressed loans - $250k-1MM 124 $38,201 $308,073
    Farmland loans - <$1MM 340 $48,403 $142,362
    Farmland loans - <$100k 119 $4,293 $36,076
    Farmland loans - $100-250k 114 $14,041 $123,167
    Farmland loans - $250k-1MM 107 $30,069 $281,019
    Agriculture operations loans - <$1MM 831 $23,036 $27,721
    Agriculture operations loans - <$100k 635 $6,321 $9,954
    Agriculture operations loans - $100-250k 124 $7,863 $63,411
    Agriculture operations loans - $250k-1MM 72 $8,852 $122,944