Frontier Financial Mortgage Rates, Fees & InfoChesterfield, MO
Tax ID: 43-1830585
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewFrontier Financial is a smaller mortgage company specializing in Home Purchase 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, Fort Dodge, Chicago, and Ames among others. We have data for 26 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 a low 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.
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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.89%||9/25/23|
|30 Year Conventional Refi||6.84%||9/25/23|
|30 Year Cash-out Refi||7.15%||9/25/23|
|30 Year FHA Purchase||7.58%||9/25/23|
|30 Year FHA Refi||7.65%||9/25/23|
|30 Year VA Purchase||6.58%||9/25/23|
|30 Year VA Refi||6.24%||9/25/23|
|30 Year USDA Purchase||7.01%||9/25/23|
|15 Year Conventional Purchase||6.68%||9/25/23|
|15 Year Conventional Refi||6.46%||9/25/23|
|15 Year Cash-out Refi||6.46%||9/25/23|
|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.|
Frontier Financial Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Frontier Financial. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$105,975,000
FRONTIER FINANCIAL - 2022
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For 2022, less than of lenders were eligible for this award.
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Frontier Financial's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.35%.
Relative Fees (Closing Costs)
Frontier Financial's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,227.
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.
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)||244||$57,900,000||$237,295||$3,885||5.04%|
|DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA)||75||$15,585,000||$207,800||$4,551||5.02%|
|Outside of Metro Areas||55||$8,185,000||$148,818||$4,098||5.09%|
|Fort Dodge, IA (FHA|USDA|VA)||60||$7,670,000||$127,833||$4,135||5.13%|
|Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA)||26||$5,870,000||$225,769||$5,365||5.24%|
|AMES, IA (FHA|USDA|VA)||15||$3,745,000||$249,667||$3,712||4.70%|
|OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA)||6||$1,380,000||$230,000||$5,383||4.94%|
|Pella, IA (FHA|USDA|VA)||5||$1,175,000||$235,000||$3,555||5.60%|
|PUNTA GORDA, FL (FHA|USDA|VA)||1||$625,000||$625,000||$5,040||3.38%|
|COLUMBIA, MO (FHA|USDA|VA)||2||$570,000||$285,000||$1,673||5.62%|
|SPRINGFIELD, MO (FHA|USDA|VA)||2||$360,000||$180,000||$3,270||5.06%|
|HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA)||1||$325,000||$325,000||$4,363||4.38%|
|LINCOLN, NE (FHA|USDA|VA)||1||$285,000||$285,000||$18,580||5.88%|
|SIOUX CITY, IA-NE-SD (FHA|USDA|VA)||1||$285,000||$285,000||$5,901||6.50%|
|CAPE GIRARDEAU, MO-IL (FHA|USDA|VA)||1||$265,000||$265,000||$2,636||4.25%|
|Marshalltown, IA (FHA|USDA|VA)||2||$220,000||$110,000||$4,620||4.56%|
|IOWA CITY, IA (FHA|USDA|VA)||1||$195,000||$195,000||$4,357||4.25%|
|DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA)||1||$175,000||$175,000||$2,380||3.75%|
|Farmington, MO (FHA|USDA|VA)||1||$175,000||$175,000||$7,425||6.25%|
|KANSAS CITY, MO-KS (FHA|USDA|VA)||1||$175,000||$175,000||$2,196||6.13%|
|Galesburg, IL (FHA|USDA|VA)||1||$155,000||$155,000||$2,133||7.38%|
|Storm Lake, IA (FHA|USDA|VA)||1||$145,000||$145,000||$5,823||5.63%|
|Branson, MO (FHA|USDA|VA)||1||$145,000||$145,000||$6,449||6.88%|
|TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)||1||$135,000||$135,000||$3,993||4.25%|
|SPRINGFIELD, IL (FHA|USDA|VA)||1||$115,000||$115,000||$3,654||7.50%|
|Mexico, MO (FHA|USDA|VA)||1||$115,000||$115,000||$2,068||5.63%|
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.
Similarity Rank: 30
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Frontier Financial's most frequently originated type of loan was Conventional, with 330 originations. Their 2nd most popular type was FHA, with 121 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||1||$215,000||$215,000||$5,159||6.50%|
For 2022, Frontier Financial's most frequently cited loan purpose was Home Purchase, with 436 originations. The 2nd most popular reason was Refi, with 70 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Frontier Financial's most frequently cited loan duration was 30 Year, with 486 originations. The 2nd most popular length was 15 Year, with 16 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Frontier Financial's average total fees were $4,227, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 241 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, Frontier Financial's average interest rate for loans was 5.11%, while their most frequently originated rate bucket for loans was 5-6%, with 183 originations.
2022 saw Frontier Financial place emphasis on $100k-200k loans with 235 originations, totaling $35,045,000 in origination value.
Frontier Financial lent most frequently to those with incomes in the $50k-75k range, with 155 originations. The second most popular income band? $50k or less, with 111 originations.
Applicant Debt to Income Ratio
Frontier Financial lent most frequently to those with DTI ratios of 20-30%, with 103 originations. The next most common DTI ratio? 30-36%, with 98 originations.
Approval RatesTotal approvals of all applications
Frontier Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
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|
|Bank Name||Product||Issue||2022 CPFB Complaints||% of Total Issues|
|Fairway Independent Mortgage Corporation||Conventional home mortgage||Improper use of your report||1||100.0%|