Frontier Community Bank Mortgage Rates, Fees & Info
Waynesboro, VALEI: 254900LGHYS85LQCAW88
Tax ID: 20-4840102
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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, Port St. Lucie, Charlottesville, Lynchburg, and Myrtle Beach 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 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
30Origination Dollar Volume (All Markets)
$8,650,000Top 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) | 19 | $4,975,000 | $261,842 | $0 | 0.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $1,655,000 | $1,655,000 | $0 | 0.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 5 | $1,095,000 | $219,000 | $0 | 0.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 30 | $8,650,000 | $288,333 | $0 | 0.00% |
For 2019, Frontier Community Bank's most frequently originated type of loan was Conventional, with 30 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 20 | $6,700,000 | $335,000 | $0 | 0.00% |
| Refi | 8 | $1,880,000 | $235,000 | $0 | 0.00% |
| Other | 2 | $70,000 | $35,000 | $0 | 0.00% |
For 2019, Frontier Community Bank's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 30 | $8,650,000 | $288,333 | $0 | 0.00% |
For 2019, Frontier Community Bank's most frequently cited loan duration was Other, with 30 originations.
Loan Sizing
2019 saw Frontier Community Bank place emphasis on $200k-400k loans with 10 originations, totaling $2,810,000 in origination value.
Applicant Income
Frontier Community Bank lent most frequently to those with incomes in the $250k+ range, with 14 originations. The second most popular income band? $75k-100k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 30 | $8,650,000 | $288,333 | $0 | 0.00% |
Frontier Community Bank lent most frequently to those with DTI ratios of Exempt%, with 30 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 26 | $7,660,000 | $294,615 | $0 | 0.00% |
| Not provided | 2 | $610,000 | $305,000 | $0 | 0.00% |
| Black | 2 | $380,000 | $190,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications84.44%
Frontier Community Bank has a below average approval rate.
Pick Rate
Approvals leading to origination73.33%
Frontier Community Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 30 | $8,650,000 | $288,333 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 30 | $8,650,000 | $288,333 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Fairway Independent Mortgage Corporation | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 6 | 28.6% |
| Fairway Independent Mortgage Corporation | Conventional home mortgage | Closing on a mortgage | 4 | 19.0% |
| Fairway Independent Mortgage Corporation | Conventional home mortgage | Struggling to pay mortgage | 1 | 4.8% |
| Fairway Independent Mortgage Corporation | Conventional home mortgage | Trouble during payment process | 4 | 19.0% |
| Fairway Independent Mortgage Corporation | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 14.3% |
| Fairway Independent Mortgage Corporation | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 9.5% |
| Fairway Independent Mortgage Corporation | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 4.8% |