Frontier Financial Mortgage Rates, Fees & Info

Chesterfield, MO

LEI: 549300MMQJ2MM37FDE66

Tax ID: 43-1830585

5 stars - out of 5 stars, based on 32 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Frontier Financial is a smaller mortgage company specializing in Home Purchase and Refi loans. Frontier Financial has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: St. Louis, Des Moines, Chicago, Fort Dodge, and Ames among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Frontier Financial has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Frontier Financial is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.70% 3/19/23
    30 Year Conventional Refi 6.60% 3/19/23
    30 Year Cash-out Refi 6.50% 3/19/23
    30 Year FHA Purchase 7.42% 3/19/23
    30 Year FHA Refi 7.23% 3/19/23
    30 Year VA Purchase 6.43% 3/19/23
    30 Year VA Refi 6.08% 3/19/23
    30 Year USDA Purchase 6.99% 3/19/23
    15 Year Conventional Purchase 6.10% 3/19/23
    15 Year Conventional Refi 6.03% 3/19/23
    15 Year Cash-out Refi 6.03% 3/19/23
    15 Year VA Refi 5.66% 3/19/23
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    1,051

    Origination Dollar Volume (All Markets)

    $230,895,000
    Show all (11) awards

    Relative Rate

    Frontier Financial's average 30 year fixed mortgage rate was 3.07%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.08%.

    Relative Fees (Closing Costs)

    Frontier Financial's average total fees/closing costs for a 30 year fixed rate mortgage were $3,472.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 628 $147,160,000 $234,331 $2,971 2.97%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 108 $21,580,000 $199,815 $3,350 3.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 85 $20,915,000 $246,059 $3,665 3.15%
    Outside of Metro Areas 76 $10,820,000 $142,368 $3,467 3.04%
    Fort Dodge, IA (FHA|USDA|VA) 78 $9,750,000 $125,000 $4,251 3.10%
    AMES, IA (FHA|USDA|VA) 30 $8,760,000 $292,000 $2,109 2.90%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 15 $3,545,000 $236,333 $6,128 3.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 9 $2,645,000 $293,889 $5,475 2.92%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $1,065,000 $1,065,000 $8,980 3.13%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $570,000 $285,000 $4,247 3.06%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 2 $480,000 $240,000 $2,408 3.13%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 2 $400,000 $200,000 $7,265 3.00%
    Farmington, MO (FHA|USDA|VA) 1 $395,000 $395,000 $2,846 2.75%
    LINCOLN, NE (FHA|USDA|VA) 1 $355,000 $355,000 $9,750 2.88%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $305,000 $305,000 $3,229 2.75%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $285,000 $285,000 $3,987 2.88%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $265,000 $265,000 $6,059 3.63%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $255,000 $255,000 $2,712 3.13%
    Oskaloosa, IA (FHA|USDA|VA) 1 $245,000 $245,000 $6,742 2.63%
    JEFFERSON CITY, MO (FHA|USDA|VA) 1 $225,000 $225,000 $2,802 2.88%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $205,000 $205,000 $3,040 3.63%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $165,000 $165,000 $2,300 3.00%
    Rolla, MO (FHA|USDA|VA) 1 $125,000 $125,000 $2,098 4.00%
    SPRINGFIELD, IL (FHA|USDA|VA) 1 $125,000 $125,000 $5,288 3.25%
    Carroll, IA (FHA|USDA|VA) 1 $95,000 $95,000 $5,255 3.13%
    Charleston-Mattoon, IL (FHA|USDA|VA) 1 $85,000 $85,000 $3,776 3.63%
    Ottumwa, IA (FHA|USDA|VA) 1 $75,000 $75,000 $3,342 2.63%
    Frontier Financial's top markets include St. Louis, Des Moines, Chicago, Fort Dodge, and Ames among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against FRONTIER FINANCIAL based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Savings Bank of Hegewisch
    Similarity Rank: 45
    Bank
    Similarity Rank: 82
    RESIDENTIAL MORTGAGE NETWORK, INC.
    Similarity Rank: 102
    Liberty Bank for Savings
    Similarity Rank: 153
    United Bank of Iowa
    Similarity Rank: 176
    VisionBank of Iowa
    Similarity Rank: 286
    Town & Country Bank
    Similarity Rank: 328
    Fidelity Bank
    Similarity Rank: 392

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 773 $180,875,000 $233,991 $2,482 3.02%
    FHA 208 $35,870,000 $172,452 $5,801 3.00%
    VA 45 $11,185,000 $248,556 $4,798 2.83%
    USDA 25 $2,965,000 $118,600 $3,918 3.09%

    For 2021, Frontier Financial's most frequently originated type of loan was Conventional, with 773 originations. Their 2nd most popular type was FHA, with 208 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 621 $129,705,000 $208,865 $4,106 3.06%
    Refi 428 $100,630,000 $235,117 $2,066 2.93%
    Cash Out Refi 2 $560,000 $280,000 $2,486 2.88%

    For 2021, Frontier Financial's most frequently cited loan purpose was Home Purchase, with 621 originations. The 2nd most popular reason was Refi, with 428 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 914 $200,380,000 $219,234 $3,472 3.07%
    15 Year 109 $24,495,000 $224,725 $1,900 2.54%
    20 Year 23 $5,045,000 $219,348 $1,964 2.85%
    Other 4 $830,000 $207,500 $2,564 3.00%
    10 Year 1 $145,000 $145,000 $2,614 2.25%

    For 2021, Frontier Financial's most frequently cited loan duration was 30 Year, with 914 originations. The 2nd most popular length was 15 Year, with 109 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 684 $148,820,000 $217,573
    $<1k 343 $77,285,000 $225,321
    $2k-3k 18 $3,340,000 $185,556
    $3k-4k 5 $1,265,000 $253,000
    $4k-5k 1 $185,000 $185,000

    Frontier Financial's average total fees were $3,472, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 684 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 473 $91,415,000 $193,266
    2.5-3% 457 $110,675,000 $242,177
    <2.5% 114 $27,560,000 $241,754
    4-5% 7 $1,245,000 $177,857

    During 2021, Frontier Financial's average interest rate for loans was 3.07%, while their most frequently originated rate bucket for loans was 3-4%, with 473 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 441 $67,135,000 $152,234 $3,092 3.01%
    $200k-400k 403 $110,185,000 $273,412 $3,622 2.97%
    $100,000 or less 122 $9,890,000 $81,066 $2,917 3.21%
    $400k-600k 74 $35,220,000 $475,946 $2,992 2.84%
    $600k-1MM 10 $7,400,000 $740,000 $2,956 2.94%
    $1MM+ 1 $1,065,000 $1,065,000 $8,980 3.13%

    2021 saw Frontier Financial place emphasis on $100k-200k loans with 441 originations, totaling $67,135,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 265 $47,185,000 $178,057 $3,463 3.07%
    $50k or less 244 $33,580,000 $137,623 $3,309 2.99%
    $100k-150k 194 $51,920,000 $267,629 $3,220 3.03%
    $75k-100k 183 $41,395,000 $226,202 $3,352 3.04%
    $150k-250k 125 $40,365,000 $322,920 $2,984 2.87%
    $250k+ 38 $16,060,000 $422,632 $2,497 2.80%

    Frontier Financial lent most frequently to those with incomes in the $50k-75k range, with 265 originations. The second most popular income band? $50k or less, with 244 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 235 $53,215,000 $226,447 $2,845 2.95%
    30-36% 192 $39,010,000 $203,177 $3,108 3.04%
    <20% 87 $19,195,000 $220,632 $2,402 2.92%
    42% 47 $10,325,000 $219,681 $2,982 3.00%
    44% 47 $11,745,000 $249,894 $3,725 3.10%
    45% 46 $9,050,000 $196,739 $3,824 3.07%
    43% 46 $11,090,000 $241,087 $3,500 3.11%
    36% 38 $8,050,000 $211,842 $3,071 3.03%
    39% 37 $8,655,000 $233,919 $3,333 3.10%
    40% 37 $7,055,000 $190,676 $3,043 3.00%
    41% 36 $7,880,000 $218,889 $3,928 2.91%
    47% 35 $8,165,000 $233,286 $4,050 3.13%
    48% 31 $6,575,000 $212,097 $4,092 3.16%
    49% 28 $7,130,000 $254,643 $6,539 2.98%
    38% 27 $5,595,000 $207,222 $3,415 2.90%
    37% 27 $6,765,000 $250,556 $3,448 3.00%
    46% 24 $5,030,000 $209,583 $3,012 3.18%
    50-60% 5 $675,000 $135,000 $3,081 3.33%

    Frontier Financial lent most frequently to those with DTI ratios of 20-30%, with 235 originations. The next most common DTI ratio? 30-36%, with 192 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 912 $203,390,000 $223,015 $3,202 3.00%
    Not provided 59 $11,065,000 $187,542 $4,093 3.02%
    Black 43 $8,895,000 $206,860 $4,327 3.09%
    Asian 29 $5,505,000 $189,828 $2,270 3.19%
    Not applicable 7 $1,895,000 $270,714 $3,298 3.00%
    Native Hawaiian or Islander 1 $145,000 $145,000 $2,095 2.75%

    Approval Rates

    Total approvals of all applications
    99.44%

    Frontier Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    98.86%

    Frontier Financial has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,051 $230,895,000 $219,691

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,051 $230,895,000 $219,691

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $3,080,000 $154,000 $1,792 2.78%
    40-60% 94 $20,340,000 $216,383 $2,135 2.85%
    60-80% 351 $87,735,000 $249,957 $2,293 3.00%
    80-100% 574 $117,040,000 $203,902 $4,016 3.04%
    Over 100% 9 $2,235,000 $248,333 $9,154 2.88%
    Under 20% 1 $75,000 $75,000 $1,778 3.75%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Fairway Independent Mortgage Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 11 22.9%
    Fairway Independent Mortgage Corporation Conventional home mortgage Closing on a mortgage 3 6.3%
    Fairway Independent Mortgage Corporation Conventional home mortgage Struggling to pay mortgage 3 6.3%
    Fairway Independent Mortgage Corporation Conventional home mortgage Trouble during payment process 11 22.9%
    Fairway Independent Mortgage Corporation FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 4.2%
    Fairway Independent Mortgage Corporation FHA mortgage Closing on a mortgage 3 6.3%
    Fairway Independent Mortgage Corporation FHA mortgage Struggling to pay mortgage 1 2.1%
    Fairway Independent Mortgage Corporation FHA mortgage Trouble during payment process 2 4.2%
    Fairway Independent Mortgage Corporation Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.1%
    Fairway Independent Mortgage Corporation Other type of mortgage Closing on a mortgage 3 6.3%
    Fairway Independent Mortgage Corporation Other type of mortgage Struggling to pay mortgage 1 2.1%
    Fairway Independent Mortgage Corporation Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.1%
    Fairway Independent Mortgage Corporation VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 4.2%
    Fairway Independent Mortgage Corporation VA mortgage Closing on a mortgage 1 2.1%
    Fairway Independent Mortgage Corporation VA mortgage Trouble during payment process 3 6.3%