Frontier Community Bank Mortgage Rates, Fees & Info
Waynesboro, VALEI: 254900LGHYS85LQCAW88
Tax ID: 20-4840102
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Frontier Community Bank is a smaller bank specializing in Refi and Home Purchase loans. Frontier Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Staunton, Lynchburg, Charlottesville, Virginia Beach, and Danville among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Frontier Community 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.
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Originations
27Origination Dollar Volume (All Markets)
$12,755,000Top 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 |
|---|---|---|---|---|---|
| STAUNTON, VA (FHA|USDA|VA) | 13 | $5,325,000 | $409,615 | $0 | 0.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 9 | $4,065,000 | $451,667 | $0 | 0.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $1,870,000 | $935,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $0 | 0.00% |
| Danville, VA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $335,000 | $335,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 27 | $12,755,000 | $472,407 | $0 | 0.00% |
For 2023, Frontier Community Bank's most frequently originated type of loan was Conventional, with 27 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 15 | $8,455,000 | $563,667 | $0 | 0.00% |
| Home Purchase | 11 | $4,105,000 | $373,182 | $0 | 0.00% |
| Home Improvement | 1 | $195,000 | $195,000 | $0 | 0.00% |
For 2023, Frontier Community Bank's most frequently cited loan purpose was Refi, with 15 originations. The 2nd most popular reason was Home Purchase, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 27 | $12,755,000 | $472,407 | $0 | 0.00% |
For 2023, Frontier Community Bank's most frequently cited loan duration was Other, with 27 originations.
Loan Sizing
2023 saw Frontier Community Bank place emphasis on $200k-400k loans with 9 originations, totaling $2,635,000 in origination value.
Applicant Income
Frontier Community Bank lent most frequently to those with incomes in the $250k+ range, with 7 originations. The second most popular income band? $150k-250k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 27 | $12,755,000 | $472,407 | $0 | 0.00% |
Frontier Community Bank lent most frequently to those with DTI ratios of Exempt%, with 27 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 19 | $9,735,000 | $512,368 | $0 | 0.00% |
| Not applicable | 8 | $3,020,000 | $377,500 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Frontier Community 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 origination74.07%
Frontier Community Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 27 | $12,755,000 | $472,407 |