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 markets by origination volume include: Pueblo, Colorado Springs, and Cheyenne among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)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
37Origination Dollar Volume (All Markets)
$7,455,000Top 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 | 29 | $4,905,000 | $169,138 | $0 | 0.00% |
| PUEBLO, CO (FHA|USDA|VA) | 5 | $1,585,000 | $317,000 | $0 | 0.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $0 | 0.00% |
| CHEYENNE, WY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 37 | $7,455,000 | $201,486 | $0 | 0.00% |
For 2023, Frontier Bank's most frequently originated type of loan was Conventional, with 37 originations.
Loan Reason
For 2023, Frontier Bank's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 37 | $7,455,000 | $201,486 | $0 | 0.00% |
For 2023, Frontier Bank's most frequently cited loan duration was Other, with 37 originations.
Loan Sizing
2023 saw Frontier Bank place emphasis on $100k-200k loans with 17 originations, totaling $2,265,000 in origination value.
Applicant Income
Frontier Bank lent most frequently to those with incomes in the $100k-150k range, with 10 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% | 37 | $7,455,000 | $201,486 | $0 | 0.00% |
Frontier Bank lent most frequently to those with DTI ratios of Exempt%, with 37 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications74.14%
Frontier Bank has a below average approval rate.
Pick Rate
Approvals leading to origination86.49%
Frontier Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 37 | $7,455,000 | $201,486 |