Frontier Bank Mortgage Rates, Fees & Info

LAMAR, CO

LEI: 549300DO5YMN2M8SMI23

Tax ID: 84-0247537

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Mortgage Data

Review & Overview

Frontier Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. Frontier Bank has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Pueblo, Colorado Springs, and St. George 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

87

Origination Dollar Volume (All Markets)

$14,345,000

Top 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 63 $8,735,000 $138,651 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 6 $2,470,000 $411,667 $0 0.00%
PUEBLO, CO (FHA|USDA|VA) 15 $2,365,000 $157,667 $0 0.00%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $470,000 $235,000 $0 0.00%
ST. GEORGE, UT (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
Frontier Bank's top markets include Denver, Pueblo, Colorado Springs, and St. George among others.

Their top states include:
  • Colorado (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 87 $14,345,000 $164,885 $0 0.00%

    For 2019, Frontier Bank's most frequently originated type of loan was Conventional, with 87 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 38 $6,160,000 $162,105 $0 0.00%
    Cash Out Refi 28 $4,810,000 $171,786 $0 0.00%
    Refi 15 $2,925,000 $195,000 $0 0.00%
    Other 4 $230,000 $57,500 $0 0.00%
    Home Improvement 2 $220,000 $110,000 $0 0.00%

    For 2019, Frontier Bank's most frequently cited loan purpose was Home Purchase, with 38 originations. The 2nd most popular reason was Cash Out Refi, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 87 $14,345,000 $164,885 $0 0.00%

    For 2019, Frontier Bank's most frequently cited loan duration was Other, with 87 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 36 $2,310,000 $64,167 $0 0.00%
    $100k-200k 30 $4,410,000 $147,000 $0 0.00%
    $200k-400k 16 $4,580,000 $286,250 $0 0.00%
    $400k-600k 3 $1,525,000 $508,333 $0 0.00%
    $600k-1MM 2 $1,520,000 $760,000 $0 0.00%

    2019 saw Frontier Bank place emphasis on $100,000 or less loans with 36 originations, totaling $2,310,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 23 $1,815,000 $78,913 $0 0.00%
    $50k-75k 19 $2,575,000 $135,526 $0 0.00%
    $75k-100k 12 $1,760,000 $146,667 $0 0.00%
    $100k-150k 11 $2,245,000 $204,091 $0 0.00%
    $150k-250k 11 $1,945,000 $176,818 $0 0.00%
    $250k+ 6 $2,770,000 $461,667 $0 0.00%

    Frontier Bank lent most frequently to those with incomes in the $50k or less range, with 23 originations. The second most popular income band? $50k-75k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 87 $14,345,000 $164,885 $0 0.00%

    Frontier Bank lent most frequently to those with DTI ratios of Exempt%, with 87 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 80 $12,410,000 $155,125 $0 0.00%
    Not applicable 4 $1,190,000 $297,500 $0 0.00%
    Not provided 2 $650,000 $325,000 $0 0.00%
    American Indian 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.10%

    Frontier Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.76%

    Frontier Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 87 $14,345,000 $164,885

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $705,000 $705,000
    Single Family (1-4 Units):Manufactured 4 $190,000 $47,500
    Single Family (1-4 Units):Site-Built 82 $13,450,000 $164,024

    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%