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 and Cash Out Refi loans. Frontier Bank has a high proportion of conventional loans. Their top markets by origination volume include: Pueblo, Cañon City, Garden City, and Glenwood Springs among others. We have data for 5 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
74Origination Dollar Volume (All Markets)
$8,360,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 51 | $5,235,000 | $102,647 | $0 | 0.00% |
| PUEBLO, CO (FHA|USDA|VA) | 18 | $2,700,000 | $150,000 | $0 | 0.00% |
| Cañon City, CO (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $0 | 0.00% |
| Garden City, KS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 74 | $8,360,000 | $112,973 | $0 | 0.00% |
For 2018, Frontier Bank's most frequently originated type of loan was Conventional, with 74 originations.
Loan Reason
For 2018, Frontier Bank's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Cash Out Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 74 | $8,360,000 | $112,973 | $0 | 0.00% |
For 2018, Frontier Bank's most frequently cited loan duration was Other, with 74 originations.
Loan Sizing
2018 saw Frontier Bank place emphasis on $100,000 or less loans with 41 originations, totaling $2,305,000 in origination value.
Applicant Income
Frontier Bank lent most frequently to those with incomes in the $50k or less range, with 18 originations. The second most popular income band? $100k-150k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 74 | $8,360,000 | $112,973 | $0 | 0.00% |
Frontier Bank lent most frequently to those with DTI ratios of Exempt%, with 74 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.33%
Frontier Bank has a below average approval rate.
Pick Rate
Approvals leading to origination68.92%
Frontier Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 74 | $8,360,000 | $112,973 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 11 | $855,000 | $77,727 |
| Single Family (1-4 Units):Site-Built | 63 | $7,505,000 | $119,127 |
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% |