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 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. 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, Fort Dodge, Des Moines, and Omaha among others. We have data for 23 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.89% | 11/21/24 |
| 30 Year Conventional Refi | 6.84% | 11/21/24 |
| 30 Year Cash-out Refi | 7.15% | 11/21/24 |
| 30 Year FHA Purchase | 7.58% | 11/21/24 |
| 30 Year FHA Refi | 7.65% | 11/21/24 |
| 30 Year VA Purchase | 6.58% | 11/21/24 |
| 30 Year VA Refi | 6.24% | 11/21/24 |
| 30 Year USDA Purchase | 7.01% | 11/21/24 |
| 15 Year Conventional Purchase | 6.68% | 11/21/24 |
| 15 Year Conventional Refi | 6.46% | 11/21/24 |
| 15 Year Cash-out Refi | 6.46% | 11/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
783Origination Dollar Volume (All Markets)
$157,815,000Awards
FRONTIER FINANCIAL - 2019
FRONTIER FINANCIAL is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 546 | $121,340,000 | $222,234 | $3,221 | 4.18% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 33 | $7,795,000 | $236,212 | $5,153 | 4.23% |
| Fort Dodge, IA (FHA|USDA|VA) | 57 | $6,015,000 | $105,526 | $3,729 | 4.23% |
| Outside of Metro Areas | 50 | $5,930,000 | $118,600 | $3,946 | 4.17% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 30 | $4,980,000 | $166,000 | $3,824 | 3.94% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 17 | $3,035,000 | $178,529 | $5,654 | 4.19% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 13 | $1,395,000 | $107,308 | $3,326 | 4.23% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $1,375,000 | $458,333 | $5,016 | 3.67% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $1,360,000 | $340,000 | $6,678 | 4.25% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 8 | $1,340,000 | $167,500 | $3,775 | 3.74% |
| Clinton, IA (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $3,486 | 3.93% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,257 | 4.88% |
| Muscatine, IA (FHA|USDA|VA) | 4 | $400,000 | $100,000 | $3,572 | 3.88% |
| AMES, IA (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $4,316 | 4.38% |
| Burlington, IA-IL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,125 | 3.88% |
| Oskaloosa, IA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,699 | 3.63% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,374 | 4.25% |
| Sterling, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,085 | 3.75% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,559 | 5.00% |
| Pella, IA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,618 | 4.00% |
| Branson, MO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,146 | 4.38% |
| Farmington, MO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,563 | 4.50% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $3,210 | 4.63% |
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.
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Product Mix
For 2019, Frontier Financial's most frequently originated type of loan was Conventional, with 479 originations. Their 2nd most popular type was FHA, with 234 originations.
Loan Reason
For 2019, Frontier Financial's most frequently cited loan purpose was Home Purchase, with 514 originations. The 2nd most popular reason was Refi, with 202 originations.
Loan Duration/Length
For 2019, Frontier Financial's most frequently cited loan duration was 30 Year, with 741 originations. The 2nd most popular length was 15 Year, with 31 originations.
Origination Fees/Closing Costs
Frontier Financial's average total fees were $3,570, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 479 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 395 | $88,665,000 | $224,468 |
| 4-5% | 338 | $61,770,000 | $182,751 |
| 5-6% | 48 | $6,910,000 | $143,958 |
| 2.5-3% | 1 | $315,000 | $315,000 |
| 6-7% | 1 | $155,000 | $155,000 |
During 2019, Frontier Financial's average interest rate for loans was 4.19%, while their most frequently originated rate bucket for loans was 3-4%, with 395 originations.
Loan Sizing
2019 saw Frontier Financial place emphasis on $100k-200k loans with 354 originations, totaling $52,450,000 in origination value.
Applicant Income
Frontier Financial lent most frequently to those with incomes in the $50k-75k range, with 201 originations. The second most popular income band? $50k or less, with 192 originations.
Applicant Debt to Income Ratio
Frontier Financial lent most frequently to those with DTI ratios of 20-30%, with 172 originations. The next most common DTI ratio? 30-36%, with 141 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.27%
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 origination96.81%
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 | 783 | $157,815,000 | $201,552 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 5 | $595,000 | $119,000 |
| Single Family (1-4 Units):Site-Built | 778 | $157,220,000 | $202,082 |
LTV Distribution
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% |