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. 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.

    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% 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






    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

    507

    Origination Dollar Volume (All Markets)

    $105,975,000
    Show all (6) 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) 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%
    Frontier Financial's top markets include St. Louis, Des Moines, Fort Dodge, Chicago, and Ames among others.

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

    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 59
    First Savings Bank of Hegewisch
    Similarity Rank: 64
    Liberty Bank for Savings
    Similarity Rank: 116
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 126
    I. H. MISSISSIPPI VALLEY CREDIT UNION
    Similarity Rank: 150
    MEMBERS1st Community Credit Union
    Similarity Rank: 161
    METRO CU
    Similarity Rank: 176
    FINANCIAL PLUS
    Similarity Rank: 198
    First National Bank of Waterloo
    Similarity Rank: 216
    CENTRIS FEDERAL CREDIT UNION
    Similarity Rank: 225

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 330 $74,340,000 $225,273 $3,268 5.08%
    FHA 121 $19,825,000 $163,843 $5,749 5.17%
    VA 40 $9,720,000 $243,000 $6,394 4.76%
    USDA 16 $2,090,000 $130,625 $4,601 5.02%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 436 $89,910,000 $206,216 $4,401 5.17%
    Refi 70 $15,850,000 $226,429 $2,584 4.46%
    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 Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 486 $102,000,000 $209,877 $4,227 5.11%
    15 Year 16 $3,030,000 $189,375 $2,465 4.09%
    20 Year 3 $825,000 $275,000 $1,597 3.17%
    Other 2 $120,000 $60,000 $3,045 5.94%

    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
    $1k-2k 241 $48,155,000 $199,813
    $<1k 122 $26,360,000 $216,066
    $2k-3k 84 $15,870,000 $188,929
    $3k-4k 35 $7,835,000 $223,857
    $5k+ 14 $5,320,000 $380,000
    $4k-5k 10 $2,290,000 $229,000

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 183 $38,525,000 $210,519
    3-4% 108 $23,250,000 $215,278
    4-5% 108 $21,070,000 $195,093
    6-7% 77 $15,465,000 $200,844
    7-8% 16 $3,670,000 $229,375
    2.5-3% 8 $2,490,000 $311,250

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 235 $35,045,000 $149,128 $3,897 5.08%
    $200k-400k 179 $49,705,000 $277,682 $4,493 5.10%
    $100,000 or less 60 $4,740,000 $79,000 $3,285 5.10%
    $400k-600k 26 $12,040,000 $463,077 $5,583 4.89%
    $600k-1MM 7 $4,445,000 $635,000 $6,087 4.34%

    2022 saw Frontier Financial place emphasis on $100k-200k loans with 235 originations, totaling $35,045,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 155 $26,855,000 $173,258 $4,378 5.19%
    $50k or less 111 $12,845,000 $115,721 $3,542 4.86%
    $100k-150k 93 $25,625,000 $275,538 $3,970 4.99%
    $75k-100k 87 $19,745,000 $226,954 $4,736 5.21%
    $150k-250k 42 $15,340,000 $365,238 $4,622 5.31%
    $250k+ 19 $5,565,000 $292,895 $3,005 4.55%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 103 $21,775,000 $211,408 $3,319 4.88%
    30-36% 98 $20,220,000 $206,327 $4,111 5.18%
    41% 30 $6,120,000 $204,000 $4,435 5.05%
    43% 26 $4,980,000 $191,538 $3,958 5.20%
    46% 25 $5,295,000 $211,800 $4,850 5.09%
    42% 21 $4,465,000 $212,619 $4,633 5.01%
    <20% 20 $4,210,000 $210,500 $3,369 4.89%
    36% 20 $3,970,000 $198,500 $3,205 4.72%
    38% 20 $4,310,000 $215,500 $4,438 5.04%
    39% 20 $3,570,000 $178,500 $4,532 5.39%
    40% 20 $3,890,000 $194,500 $3,991 5.23%
    49% 20 $4,190,000 $209,500 $5,108 5.47%
    37% 17 $3,915,000 $230,294 $3,687 4.74%
    47% 17 $3,785,000 $222,647 $5,034 5.52%
    48% 17 $4,355,000 $256,176 $5,698 4.90%
    44% 17 $3,515,000 $206,765 $3,938 4.79%
    45% 12 $2,790,000 $232,500 $6,712 5.54%
    50-60% 4 $620,000 $155,000 $5,008 5.41%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 416 $85,580,000 $205,721 $4,067 5.09%
    Not provided 57 $13,365,000 $234,474 $4,395 4.96%
    Black 18 $3,430,000 $190,556 $6,128 5.14%
    Asian 15 $3,425,000 $228,333 $3,315 4.78%
    American Indian 1 $175,000 $175,000 $2,196 6.13%

    Approval Rates

    Total approvals of all applications
    100.00%

    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
    99.80%

    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 507 $105,975,000 $209,024

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    507 $105,975,000 $209,024

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $1,010,000 $101,000 $2,394 5.40%
    40-60% 32 $6,040,000 $188,750 $2,695 4.43%
    60-80% 116 $29,830,000 $257,155 $3,475 5.00%
    80-100% 343 $67,295,000 $196,195 $4,407 5.15%
    Over 100% 6 $1,800,000 $300,000 $13,333 5.13%

    Complaints

    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%