Frontier Bank Mortgage Rates, Fees & Info
LAMAR, COLEI: 549300DO5YMN2M8SMI23
Tax ID: 84-0247537
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Mortgage Data
Review & Overview
Frontier Bank is a smaller bank specializing in Home Purchase loans. Frontier Bank has a high proportion of conventional loans. Their top two markets are Denver and Pueblo .Frontier 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
36Origination Dollar Volume (All Markets)
$5,790,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 33 | $4,725,000 | $143,182 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $865,000 | $865,000 | $0 | 0.00% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 36 | $5,790,000 | $160,833 | $0 | 0.00% |
For 2024, Frontier Bank's most frequently originated type of loan was Conventional, with 36 originations.
Loan Reason
For 2024, Frontier Bank's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Home Improvement, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 36 | $5,790,000 | $160,833 | $0 | 0.00% |
For 2024, Frontier Bank's most frequently cited loan duration was Other, with 36 originations.
Loan Sizing
2024 saw Frontier Bank place emphasis on $100,000 or less loans with 15 originations, totaling $725,000 in origination value.
Applicant Income
Frontier Bank lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $150k-250k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 36 | $5,790,000 | $160,833 | $0 | 0.00% |
Frontier Bank lent most frequently to those with DTI ratios of Exempt%, with 36 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.04%
Frontier Bank has an average approval rate.
Pick Rate
Approvals leading to origination72.22%
Frontier Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 36 | $5,790,000 | $160,833 |