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, 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
87Origination Dollar Volume (All Markets)
$14,345,000Top 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 | 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% |
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
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
2019 saw Frontier Bank place emphasis on $100,000 or less loans with 36 originations, totaling $2,310,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications87.10%
Frontier Bank has an average approval rate.
Pick Rate
Approvals leading to origination82.76%
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
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% |