Frontier Financial Mortgage Rates, Fees & Info

Chesterfield, MO

LEI: 549300MMQJ2MM37FDE66

Tax ID: 43-1830585

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

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Mortgage Data

Review & Overview

Frontier Financial is a smaller mortgage company specializing in Refi and 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, Chicago, Fort Dodge, and Ames among others. We have data for 37 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% 3/28/24
30 Year Conventional Refi 6.84% 3/28/24
30 Year Cash-out Refi 7.15% 3/28/24
30 Year FHA Purchase 7.58% 3/28/24
30 Year FHA Refi 7.65% 3/28/24
30 Year VA Purchase 6.58% 3/28/24
30 Year VA Refi 6.24% 3/28/24
30 Year USDA Purchase 7.01% 3/28/24
15 Year Conventional Purchase 6.68% 3/28/24
15 Year Conventional Refi 6.46% 3/28/24
15 Year Cash-out Refi 6.46% 3/28/24
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

1,539

Origination Dollar Volume (All Markets)

$331,905,000
Show all (13) 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) 986 $229,500,000 $232,759 $2,546 3.05%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 145 $27,785,000 $191,621 $2,899 3.08%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 108 $27,140,000 $251,296 $3,269 3.23%
Outside of Metro Areas 79 $12,365,000 $156,519 $3,343 3.15%
Fort Dodge, IA (FHA|USDA|VA) 104 $12,230,000 $117,596 $3,720 3.17%
AMES, IA (FHA|USDA|VA) 49 $10,685,000 $218,061 $1,860 2.77%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 8 $1,380,000 $172,500 $4,560 3.39%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $1,145,000 $381,667 $6,791 3.04%
Clinton, IA (FHA|USDA|VA) 6 $1,030,000 $171,667 $3,706 3.48%
Pella, IA (FHA|USDA|VA) 6 $1,010,000 $168,333 $2,486 3.08%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 6 $770,000 $128,333 $3,115 3.77%
Oskaloosa, IA (FHA|USDA|VA) 5 $625,000 $125,000 $3,638 2.70%
LINCOLN, NE (FHA|USDA|VA) 2 $540,000 $270,000 $7,597 3.44%
CEDAR RAPIDS, IA (FHA|USDA|VA) 2 $530,000 $265,000 $4,463 3.13%
Muscatine, IA (FHA|USDA|VA) 4 $490,000 $122,500 $4,194 3.41%
SPRINGFIELD, IL (FHA|USDA|VA) 2 $400,000 $200,000 $3,248 2.94%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $385,000 $385,000 $2,315 3.13%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $345,000 $345,000 $2,511 2.63%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $325,000 $325,000 $4,069 3.38%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $305,000 $305,000 $4,005 3.63%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $295,000 $295,000 $5,279 2.63%
Marshalltown, IA (FHA|USDA|VA) 3 $295,000 $98,333 $3,421 3.21%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $265,000 $265,000 $3,598 2.75%
Fremont, NE (FHA|USDA|VA) 1 $245,000 $245,000 $6,679 3.63%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $225,000 $225,000 $7,968 3.38%
Sterling, IL (FHA|USDA|VA) 2 $190,000 $95,000 $4,071 3.63%
KANKAKEE, IL (FHA|USDA|VA) 1 $165,000 $165,000 $2,537 2.88%
Farmington, MO (FHA|USDA|VA) 1 $165,000 $165,000 $2,034 2.75%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $155,000 $155,000 $3,387 2.50%
Ottumwa, IA (FHA|USDA|VA) 1 $145,000 $145,000 $2,420 3.75%
Branson, MO (FHA|USDA|VA) 1 $135,000 $135,000 $1,313 3.50%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $135,000 $135,000 $5,657 3.88%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,104 2.88%
Mason City, IA (FHA|USDA|VA) 1 $125,000 $125,000 $3,557 4.13%
Quincy, IL-MO (FHA|USDA|VA) 1 $95,000 $95,000 $1,969 3.38%
PEORIA, IL (FHA|USDA|VA) 1 $95,000 $95,000 $2,675 4.25%
Storm Lake, IA (FHA|USDA|VA) 1 $65,000 $65,000 $1,182 3.75%
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)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,184 $271,190,000 $229,046 $2,151 3.06%
    FHA 249 $39,975,000 $160,542 $5,303 3.22%
    VA 60 $15,000,000 $250,000 $4,000 2.92%
    USDA 46 $5,740,000 $124,783 $3,944 3.12%

    For 2020, Frontier Financial's most frequently originated type of loan was Conventional, with 1,184 originations. Their 2nd most popular type was FHA, with 249 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 854 $201,990,000 $236,522 $1,947 3.01%
    Home Purchase 671 $126,025,000 $187,817 $3,860 3.16%
    Cash Out Refi 13 $3,785,000 $291,154 $2,610 3.81%
    Home Improvement 1 $105,000 $105,000 $1,672 2.75%

    For 2020, Frontier Financial's most frequently cited loan purpose was Refi, with 854 originations. The 2nd most popular reason was Home Purchase, with 671 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,312 $281,970,000 $214,916 $2,959 3.14%
    15 Year 154 $33,010,000 $214,351 $1,845 2.69%
    20 Year 43 $9,585,000 $222,907 $1,727 2.91%
    Other 20 $5,220,000 $261,000 $1,946 2.94%
    10 Year 10 $2,120,000 $212,000 $933 2.39%

    For 2020, Frontier Financial's most frequently cited loan duration was 30 Year, with 1,312 originations. The 2nd most popular length was 15 Year, with 154 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 929 $202,705,000 $218,197
    $<1k 553 $118,245,000 $213,825
    $2k-3k 42 $7,320,000 $174,286
    $3k-4k 10 $2,250,000 $225,000
    $4k-5k 3 $675,000 $225,000
    $5k+ 2 $710,000 $355,000

    Frontier Financial's average total fees were $2,959, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 929 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 743 $165,705,000 $223,022
    3-4% 630 $128,220,000 $203,524
    <2.5% 133 $32,565,000 $244,850
    4-5% 31 $5,195,000 $167,581
    5-6% 2 $220,000 $110,000

    During 2020, Frontier Financial's average interest rate for loans was 3.14%, while their most frequently originated rate bucket for loans was 2.5-3%, with 743 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 660 $100,140,000 $151,727 $2,824 3.12%
    $200k-400k 616 $165,410,000 $268,523 $2,716 3.00%
    $100,000 or less 156 $12,480,000 $80,000 $2,859 3.30%
    $400k-600k 95 $44,835,000 $471,947 $2,732 3.00%
    $600k-1MM 11 $8,035,000 $730,455 $3,917 3.32%
    $1MM+ 1 $1,005,000 $1,005,000 $3,022 3.13%

    2020 saw Frontier Financial place emphasis on $100k-200k loans with 660 originations, totaling $100,140,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 372 $65,020,000 $174,785 $3,019 3.11%
    $50k or less 346 $47,570,000 $137,486 $3,158 3.14%
    $100k-150k 312 $79,100,000 $253,526 $2,642 3.06%
    $75k-100k 268 $57,390,000 $214,142 $2,657 3.06%
    $150k-250k 193 $61,635,000 $319,352 $2,228 3.02%
    $250k+ 48 $21,190,000 $441,458 $2,213 3.07%

    Frontier Financial lent most frequently to those with incomes in the $50k-75k range, with 372 originations. The second most popular income band? $50k or less, with 346 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 402 $88,650,000 $220,522 $2,459 3.06%
    30-36% 278 $60,110,000 $216,223 $2,794 3.11%
    <20% 161 $37,475,000 $232,764 $1,940 2.94%
    42% 56 $11,480,000 $205,000 $2,893 3.10%
    43% 55 $11,305,000 $205,545 $3,340 3.17%
    44% 51 $10,655,000 $208,922 $3,347 3.08%
    39% 51 $10,565,000 $207,157 $3,053 3.18%
    41% 49 $9,635,000 $196,633 $3,033 3.02%
    38% 49 $10,995,000 $224,388 $2,709 3.19%
    40% 48 $11,260,000 $234,583 $2,842 3.12%
    36% 47 $9,165,000 $195,000 $2,647 3.20%
    49% 45 $9,405,000 $209,000 $4,079 3.14%
    37% 43 $8,755,000 $203,605 $2,815 3.15%
    47% 40 $7,850,000 $196,250 $3,268 2.92%
    48% 35 $7,325,000 $209,286 $3,144 3.30%
    46% 30 $5,630,000 $187,667 $2,934 3.09%
    45% 30 $6,430,000 $214,333 $3,411 3.12%
    50-60% 15 $2,965,000 $197,667 $5,333 3.43%
    >60% 2 $780,000 $390,000 $2,605 3.31%

    Frontier Financial lent most frequently to those with DTI ratios of 20-30%, with 402 originations. The next most common DTI ratio? 30-36%, with 278 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,393 $303,535,000 $217,900 $2,744 3.08%
    Asian 54 $11,060,000 $204,815 $2,192 3.20%
    Black 49 $9,965,000 $203,367 $4,162 3.18%
    Not provided 41 $6,915,000 $168,659 $3,253 2.76%
    Not applicable 1 $275,000 $275,000 $7,793 2.63%
    Native Hawaiian or Islander 1 $155,000 $155,000 $2,539 2.63%

    Approval Rates

    Total approvals of all applications
    99.87%

    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
    98.90%

    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 1,539 $331,905,000 $215,663

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,539 $331,905,000 $215,663

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $4,300,000 $179,167 $1,937 2.86%
    40-60% 144 $30,000,000 $208,333 $1,787 2.92%
    60-80% 591 $145,945,000 $246,946 $1,938 3.04%
    80-100% 769 $148,985,000 $193,739 $3,599 3.15%
    Over 100% 10 $2,620,000 $262,000 $7,119 3.10%
    Under 20% 1 $55,000 $55,000 $214 5.25%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Frontline Financial, LLC FHA mortgage Closing on a mortgage 1 100.0%