Frontier Financial Mortgage Rates, Fees & Info

Chesterfield, MO

LEI: 549300MMQJ2MM37FDE66

Tax ID: 43-1830585

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: St. Louis, Chicago, Houston, Springfield, and Moberly among others. We have data for 9 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.

    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 6.89% 4/21/24
    30 Year Conventional Refi 6.84% 4/21/24
    30 Year Cash-out Refi 7.15% 4/21/24
    30 Year FHA Purchase 7.58% 4/21/24
    30 Year FHA Refi 7.65% 4/21/24
    30 Year VA Purchase 6.58% 4/21/24
    30 Year VA Refi 6.24% 4/21/24
    30 Year USDA Purchase 7.01% 4/21/24
    15 Year Conventional Purchase 6.68% 4/21/24
    15 Year Conventional Refi 6.46% 4/21/24
    15 Year Cash-out Refi 6.46% 4/21/24
    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






    Your Estimates

    Estimated 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.


    Originations

    412

    Origination Dollar Volume (All Markets)

    $88,040,000

    Awards

    FRONTIER FINANCIAL 30 Year Conventional Loans bronze
    Show all (1) awards

    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) 369 $78,275,000 $212,127 $3,489 4.74%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 24 $6,520,000 $271,667 $4,868 4.81%
    Outside of Metro Areas 10 $1,210,000 $121,000 $3,064 4.80%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $1,090,000 $545,000 $9,382 4.75%
    SPRINGFIELD, IL (FHA|USDA|VA) 1 $265,000 $265,000 $2,709 4.88%
    Moberly, MO (FHA|USDA|VA) 2 $250,000 $125,000 $4,552 4.75%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $230,000 $115,000 $4,207 5.00%
    Farmington, MO (FHA|USDA|VA) 1 $125,000 $125,000 $1,719 4.88%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $75,000 $75,000 $2,197 5.38%
    Frontier Financial's top markets include St. Louis, Chicago, Houston, Springfield, and Moberly among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Iowa (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.

    UNITED
    Similarity Rank: 28
    Charter Bank
    Similarity Rank: 36
    Raccoon Valley Bank
    Similarity Rank: 96
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 100
    Liberty Bank for Savings
    Similarity Rank: 104
    Community Bank of Trenton
    Similarity Rank: 108
    LIBERTY FIRST
    Similarity Rank: 153
    Guthrie County State Bank
    Similarity Rank: 166
    Community Choice Credit Union
    Similarity Rank: 187
    First National Bank of Waterloo
    Similarity Rank: 200

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 268 $62,100,000 $231,716 $2,596 4.75%
    FHA 104 $17,350,000 $166,827 $5,613 4.79%
    VA 29 $7,135,000 $246,034 $5,334 4.59%
    USDA 10 $1,370,000 $137,000 $4,032 4.73%
    FHA 1 $85,000 $85,000 $0 4.90%

    For 2018, Frontier Financial's most frequently originated type of loan was Conventional, with 268 originations. Their 2nd most popular type was FHA, with 104 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 327 $67,095,000 $205,183 $3,879 4.77%
    Refi 55 $14,405,000 $261,909 $1,916 4.54%
    Cash Out Refi 21 $4,655,000 $221,667 $3,949 5.01%
    Home Improvement 9 $1,885,000 $209,444 $2,168 4.63%

    For 2018, Frontier Financial's most frequently cited loan purpose was Home Purchase, with 327 originations. The 2nd most popular reason was Refi, with 55 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 382 $82,780,000 $216,702 $3,692 4.77%
    15 Year 23 $4,215,000 $183,261 $2,292 4.36%
    20 Year 5 $875,000 $175,000 $1,804 4.58%
    10 Year 1 $85,000 $85,000 $2,368 4.38%
    Other 1 $85,000 $85,000 $0 4.90%

    For 2018, Frontier Financial's most frequently cited loan duration was 30 Year, with 382 originations. The 2nd most popular length was 15 Year, with 23 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 248 $48,810,000 $196,815
    $<1k 148 $35,150,000 $237,500
    $2k-3k 8 $1,710,000 $213,750
    $5k+ 3 $985,000 $328,333
    $3k-4k 2 $710,000 $355,000
    $4k-5k 2 $590,000 $295,000

    Frontier Financial's average total fees were $3,692, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 248 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 285 $60,985,000 $213,982
    5-6% 90 $13,520,000 $150,222
    3-4% 37 $13,535,000 $365,811

    During 2018, Frontier Financial's average interest rate for loans was 4.77%, while their most frequently originated rate bucket for loans was 4-5%, with 285 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 192 $29,080,000 $151,458 $3,681 4.82%
    $200k-400k 134 $36,190,000 $270,075 $3,749 4.65%
    $100,000 or less 51 $3,875,000 $75,980 $2,757 5.03%
    $400k-600k 25 $11,435,000 $457,400 $3,898 4.49%
    $600k-1MM 10 $7,460,000 $746,000 $3,004 3.96%

    2018 saw Frontier Financial place emphasis on $100k-200k loans with 192 originations, totaling $29,080,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 103 $16,095,000 $156,262 $3,809 4.71%
    $50k or less 86 $10,730,000 $124,767 $3,432 4.91%
    $100k-150k 79 $18,635,000 $235,886 $3,972 4.73%
    $75k-100k 68 $14,670,000 $215,735 $3,632 4.81%
    $150k-250k 52 $16,570,000 $318,654 $3,132 4.69%
    $250k+ 21 $10,885,000 $518,333 $2,708 4.35%

    Frontier Financial lent most frequently to those with incomes in the $50k-75k range, with 103 originations. The second most popular income band? $50k or less, with 86 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 85 $18,475,000 $217,353 $3,274 4.74%
    20-30% 80 $19,210,000 $240,125 $2,719 4.64%
    50-60% 31 $5,085,000 $164,032 $4,782 4.67%
    <20% 21 $5,415,000 $257,857 $2,759 4.52%
    41% 21 $5,095,000 $242,619 $3,953 4.84%
    47% 21 $4,965,000 $236,429 $5,051 4.78%
    40% 17 $2,785,000 $163,824 $4,138 4.96%
    37% 16 $4,050,000 $253,125 $5,001 4.85%
    49% 16 $2,850,000 $178,125 $3,459 4.78%
    43% 16 $2,710,000 $169,375 $3,825 4.90%
    38% 15 $3,215,000 $214,333 $3,902 4.80%
    45% 13 $2,655,000 $204,231 $4,003 4.87%
    42% 11 $1,915,000 $174,091 $4,249 4.97%
    46% 10 $1,920,000 $192,000 $3,646 4.99%
    39% 9 $2,035,000 $226,111 $3,169 4.81%
    36% 9 $1,895,000 $210,556 $2,495 4.61%
    44% 9 $1,435,000 $159,444 $3,927 4.86%
    48% 8 $1,450,000 $181,250 $3,403 4.88%

    Frontier Financial lent most frequently to those with DTI ratios of 30-36%, with 85 originations. The next most common DTI ratio? 20-30%, with 80 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 379 $81,235,000 $214,340 $3,503 4.74%
    Black 20 $3,510,000 $175,500 $4,847 4.90%
    Asian 9 $2,475,000 $275,000 $3,985 4.71%
    Not provided 3 $565,000 $188,333 $4,697 4.83%
    Asian Indian 1 $255,000 $255,000 $3,486 4.25%

    Approval Rates

    Total approvals of all applications
    98.34%

    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
    99.51%

    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 412 $88,040,000 $213,689

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $145,000 $145,000
    Single Family (1-4 Units):Site-Built 411 $87,895,000 $213,856

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $970,000 $97,000 $2,261 4.89%
    40-60% 19 $5,145,000 $270,789 $2,628 4.67%
    60-80% 100 $21,570,000 $215,700 $2,383 4.78%
    80-100% 277 $58,725,000 $212,004 $4,027 4.73%
    Over 100% 6 $1,630,000 $271,667 $8,375 4.77%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Fairway Independent Mortgage Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.3%
    Fairway Independent Mortgage Corporation Conventional home mortgage Closing on a mortgage 3 18.8%
    Fairway Independent Mortgage Corporation Conventional home mortgage Struggling to pay mortgage 1 6.3%
    Fairway Independent Mortgage Corporation Conventional home mortgage Trouble during payment process 4 25.0%
    Fairway Independent Mortgage Corporation FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 12.5%
    Fairway Independent Mortgage Corporation FHA mortgage Closing on a mortgage 1 6.3%
    Fairway Independent Mortgage Corporation FHA mortgage Trouble during payment process 1 6.3%
    Fairway Independent Mortgage Corporation Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.3%
    Fairway Independent Mortgage Corporation VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.3%
    Fairway Independent Mortgage Corporation VA mortgage Trouble during payment process 1 6.3%