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 Home Purchase and Refi loans. Frontier Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Staunton, Charlottesville, Roanoke, Lynchburg, and Charleston among others. We have data for 8 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 an above average pick rate when compared to similar lenders.
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Originations
42Origination Dollar Volume (All Markets)
$11,360,000Top 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) | 26 | $4,720,000 | $181,538 | $0 | 0.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 6 | $2,970,000 | $495,000 | $0 | 0.00% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $1,905,000 | $1,905,000 | $0 | 0.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 5 | $595,000 | $119,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 42 | $11,360,000 | $270,476 | $0 | 0.00% |
For 2018, Frontier Community Bank's most frequently originated type of loan was Conventional, with 42 originations.
Loan Reason
For 2018, Frontier Community Bank's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 42 | $11,360,000 | $270,476 | $0 | 0.00% |
For 2018, Frontier Community Bank's most frequently cited loan duration was Other, with 42 originations.
Loan Sizing
2018 saw Frontier Community Bank place emphasis on $100,000 or less loans with 14 originations, totaling $780,000 in origination value.
Applicant Income
Frontier Community Bank lent most frequently to those with incomes in the $150k-250k range, with 9 originations. The second most popular income band? $250k+, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 42 | $11,360,000 | $270,476 | $0 | 0.00% |
Frontier Community Bank lent most frequently to those with DTI ratios of Exempt%, with 42 originations.
Ethnicity Mix
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 origination95.24%
Frontier Community 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 | 42 | $11,360,000 | $270,476 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Fairway Independent Mortgage Corporation | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 6.3% |
| Fairway Independent Mortgage Corporation | Conventional home mortgage | Closing on a mortgage | 3 | 18.8% |
| Fairway Independent Mortgage Corporation | Conventional home mortgage | Struggling to pay mortgage | 1 | 6.3% |
| Fairway Independent Mortgage Corporation | Conventional home mortgage | Trouble during payment process | 4 | 25.0% |
| Fairway Independent Mortgage Corporation | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 12.5% |
| Fairway Independent Mortgage Corporation | FHA mortgage | Closing on a mortgage | 1 | 6.3% |
| Fairway Independent Mortgage Corporation | FHA mortgage | Trouble during payment process | 1 | 6.3% |
| Fairway Independent Mortgage Corporation | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 6.3% |
| Fairway Independent Mortgage Corporation | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 6.3% |
| Fairway Independent Mortgage Corporation | VA mortgage | Trouble during payment process | 1 | 6.3% |