Frontier Financial Mortgage Rates, Fees & Info
Chesterfield, MOLEI: 549300MMQJ2MM37FDE66
Tax ID: 43-1830585
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Mortgage Data
Review & Overview
Frontier 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. Frontier Financial has a low ratio of conventional loans. Their top markets by origination volume include: St. Louis, Des Moines, Fort Dodge, Austin, and Ames among others. We have data for 20 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 relatively high 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.89% | 10/29/24 |
| 30 Year Conventional Refi | 6.84% | 10/29/24 |
| 30 Year Cash-out Refi | 7.15% | 10/29/24 |
| 30 Year FHA Purchase | 7.58% | 10/29/24 |
| 30 Year FHA Refi | 7.65% | 10/29/24 |
| 30 Year VA Purchase | 6.58% | 10/29/24 |
| 30 Year VA Refi | 6.24% | 10/29/24 |
| 30 Year USDA Purchase | 7.01% | 10/29/24 |
| 15 Year Conventional Purchase | 6.68% | 10/29/24 |
| 15 Year Conventional Refi | 6.46% | 10/29/24 |
| 15 Year Cash-out Refi | 6.46% | 10/29/24 |
| 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
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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.
Originations
383Origination Dollar Volume (All Markets)
$78,165,000Awards
FRONTIER FINANCIAL - 2023
FRONTIER FINANCIAL is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Frontier Financial's average 30 year fixed mortgage rate was
6.8%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.32%.
Relative Fees (Closing Costs)
Frontier Financial's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,082.
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 $9,089.
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) | 158 | $37,550,000 | $237,658 | $4,904 | 6.85% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 70 | $15,240,000 | $217,714 | $5,493 | 6.71% |
| Fort Dodge, IA (FHA|USDA|VA) | 59 | $7,215,000 | $122,288 | $4,447 | 6.65% |
| Outside of Metro Areas | 41 | $5,425,000 | $132,317 | $4,494 | 6.78% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 11 | $3,915,000 | $355,909 | $10,670 | 7.44% |
| AMES, IA (FHA|USDA|VA) | 11 | $2,615,000 | $237,727 | $4,285 | 6.73% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 12 | $2,110,000 | $175,833 | $4,315 | 7.01% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $1,090,000 | $181,667 | $5,931 | 6.85% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $10,328 | 6.79% |
| Mason City, IA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,597 | 6.44% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,784 | 0.00% |
| Fairfield, IA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,113 | 7.50% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,783 | 7.25% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,601 | 6.88% |
| Pella, IA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,500 | 6.63% |
| Oskaloosa, IA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,788 | 6.63% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,058 | 0.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,774 | 6.75% |
| DANVILLE, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,969 | 7.13% |
| Marshalltown, IA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,035 | 7.13% |
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.
Similarity Rank: 26
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Similarity Rank: 192
Similarity Rank: 240
Product Mix
For 2023, Frontier Financial's most frequently originated type of loan was Conventional, with 232 originations. Their 2nd most popular type was FHA, with 123 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 368 | $75,410,000 | $204,918 | $5,167 | 6.80% |
| Refi | 15 | $2,755,000 | $183,667 | $3,193 | 6.83% |
For 2023, Frontier Financial's most frequently cited loan purpose was Home Purchase, with 368 originations. The 2nd most popular reason was Refi, with 15 originations.
Loan Duration/Length
For 2023, Frontier Financial's most frequently cited loan duration was 30 Year, with 380 originations. The 2nd most popular length was 15 Year, with 1 originations.
Origination Fees/Closing Costs
Frontier Financial's average total fees were $5,082, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 122 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 204 | $40,520,000 | $198,627 |
| 7-8% | 128 | $28,280,000 | $220,938 |
| 5-6% | 38 | $6,800,000 | $178,947 |
| Over 8% | 3 | $325,000 | $108,333 |
During 2023, Frontier Financial's average interest rate for loans was 6.80%, while their most frequently originated rate bucket for loans was 6-7%, with 204 originations.
Loan Sizing
2023 saw Frontier Financial place emphasis on $100k-200k loans with 175 originations, totaling $25,955,000 in origination value.
Applicant Income
Frontier Financial lent most frequently to those with incomes in the $50k-75k range, with 117 originations. The second most popular income band? $75k-100k, with 74 originations.
Applicant Debt to Income Ratio
Frontier Financial lent most frequently to those with DTI ratios of 20-30%, with 67 originations. The next most common DTI ratio? 30-36%, with 65 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.24%
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 origination98.69%
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 | 383 | $78,165,000 | $204,086 |