Frontwave Mortgage Rates, Fees & Info

Oceanside, CA

LEI: 549300PEQH6YK4DH0490

Tax ID: 95-1820763

5 stars - Updated: 4/5/25 - out of 5 stars, based on 20 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Frontwave is a smaller mortgage company specializing in Cash Out Refi, Refi, and Home Purchase loans. Frontwave has a high proportion of conventional loans. Their top markets by origination volume include: San Diego, Riverside, Sacramento, Stockton, and Los Angeles among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

Frontwave has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Frontwave 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 6.15% 4/5/25
30 Year Conventional Refi 6.03% 4/5/25
30 Year Cash-out Refi 6.46% 4/5/25
30 Year VA Purchase 6.59% 4/5/25
30 Year VA Refi 6.22% 4/5/25
15 Year Conventional Purchase 6.18% 4/5/25
15 Year Conventional Refi 6.00% 4/5/25
15 Year Cash-out Refi 6.00% 4/5/25
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.

Frontwave Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Frontwave. 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

414

Origination Dollar Volume (All Markets)

$61,770,000

Relative Rate

Frontwave's average 30 year fixed mortgage rate was 6.08%.

The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

This yields a difference of -0.48%.

Relative Fees (Closing Costs)

Frontwave's average total fees/closing costs for a 30 year fixed rate mortgage were $4,457.

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 $8,356.

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
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 208 $36,920,000 $177,500 $1,048 7.92%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 197 $22,655,000 $115,000 $591 8.05%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $660,000 $330,000 $0 6.69%
STOCKTON, CA (FHA|USDA|VA) 1 $515,000 $515,000 $0 6.50%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $465,000 $155,000 $0 8.67%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $355,000 $355,000 $0 6.25%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $115,000 $115,000 $0 8.00%
Crescent City, CA (FHA|USDA|VA) 1 $85,000 $85,000 $0 8.50%
Frontwave's top markets include San Diego, Riverside, Sacramento, Stockton, and Los Angeles among others.

Their top states include:
  • California (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against FRONTWAVE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    CALIFORNIA CREDIT UNION
    Similarity Rank: 72
    MYPOINT Credit Union
    Similarity Rank: 81
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 184
    MISSION
    Similarity Rank: 205
    ALTURA
    Similarity Rank: 320
    F&A Federal Credit Union
    Similarity Rank: 658
    ARROWHEAD CENTRAL CREDIT UNION
    Similarity Rank: 702
    San Diego Funding
    Similarity Rank: 888

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 228 $25,110,000 $110,132 n/a 8.66%
    Conventional 178 $32,540,000 $182,809 $768 7.17%
    VA 8 $4,120,000 $515,000 $0 6.28%

    For 2024, Frontwave's most frequently originated type of loan was HELOC, with 228 originations. Their 2nd most popular type was Conventional, with 178 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 205 $20,155,000 $98,317 $212 7.88%
    Refi 123 $19,415,000 $157,846 $2,921 8.44%
    Home Improvement 30 $3,270,000 $109,000 $0 8.57%
    Home Purchase 28 $15,730,000 $561,786 $4,722 6.12%
    Other 28 $3,200,000 $114,286 $1,477 7.90%

    For 2024, Frontwave's most frequently cited loan purpose was Cash Out Refi, with 205 originations. The 2nd most popular reason was Refi, with 123 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 244 $27,480,000 $112,623 $0 8.65%
    15 Year 64 $6,180,000 $96,563 $368 7.25%
    30 Year 40 $22,630,000 $565,750 $4,457 6.08%
    10 Year 33 $2,435,000 $73,788 $233 6.88%
    20 Year 33 $3,045,000 $92,273 $0 7.80%

    For 2024, Frontwave's most frequently cited loan duration was Other, with 244 originations. The 2nd most popular length was 15 Year, with 64 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 181 $35,015,000 $193,453
    $1k-2k 1 $375,000 $375,000
    $4k-5k 1 $565,000 $565,000

    Frontwave's average total fees were $4,457, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 181 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 223 $24,745,000 $110,964
    7-8% 93 $11,025,000 $118,548
    6-7% 77 $13,555,000 $176,039
    5-6% 20 $12,370,000 $618,500
    <2.5% 1 $75,000 $75,000

    During 2024, Frontwave's average interest rate for loans was 6.08%, while their most frequently originated rate bucket for loans was Over 8%, with 223 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 199 $11,895,000 $59,774 $119 8.04%
    $100k-200k 136 $18,490,000 $135,956 $877 8.30%
    $200k-400k 52 $12,000,000 $230,769 $2,087 7.94%
    $600k-1MM 18 $13,970,000 $776,111 $5,449 5.78%
    $400k-600k 8 $4,280,000 $535,000 $7,669 6.34%
    $1MM+ 1 $1,135,000 $1,135,000 $0 6.63%

    2024 saw Frontwave place emphasis on $100,000 or less loans with 199 originations, totaling $11,895,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 127 $14,625,000 $115,157 $729 8.05%
    $150k-250k 124 $26,370,000 $212,661 $548 7.89%
    $75k-100k 65 $6,765,000 $104,077 $783 7.91%
    $50k-75k 45 $3,785,000 $84,111 $1,654 8.01%
    $250k+ 38 $8,510,000 $223,947 $0 8.28%
    $50k or less 14 $870,000 $62,143 $0 7.63%

    Frontwave lent most frequently to those with incomes in the $100k-150k range, with 127 originations. The second most popular income band? $150k-250k, with 124 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    49% 63 $7,945,000 $126,111 $733 8.42%
    20-30% 56 $7,200,000 $128,571 $1,705 7.98%
    30-36% 40 $5,500,000 $137,500 $0 7.83%
    47% 31 $5,695,000 $183,710 $0 8.13%
    48% 27 $5,025,000 $186,111 $0 7.96%
    46% 26 $4,410,000 $169,615 $0 8.04%
    45% 22 $4,260,000 $193,636 $1,063 7.84%
    37% 22 $2,040,000 $92,727 $0 7.98%
    40% 16 $2,640,000 $165,000 $3,835 7.30%
    39% 16 $1,620,000 $101,250 $0 7.99%
    42% 15 $1,835,000 $122,333 $0 7.94%
    44% 15 $3,575,000 $238,333 $2,795 7.82%
    38% 13 $1,585,000 $121,923 $880 7.61%
    50-60% 12 $2,070,000 $172,500 $0 7.83%
    43% 12 $2,240,000 $186,667 $0 7.88%
    36% 11 $895,000 $81,364 $0 7.98%
    41% 9 $1,365,000 $151,667 $4,441 8.06%
    <20% 6 $400,000 $66,667 $0 7.92%
    >60% 1 $625,000 $625,000 $0 6.00%

    Frontwave lent most frequently to those with DTI ratios of 49%, with 63 originations. The next most common DTI ratio? 20-30%, with 56 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 237 $27,665,000 $116,730 $892 7.95%
    Not provided 101 $17,095,000 $169,257 $899 8.00%
    Asian Indian 10 $6,600,000 $660,000 $0 6.48%
    Asian 32 $5,930,000 $185,313 $0 8.12%
    Black 18 $1,910,000 $106,111 $0 8.47%
    American Indian 10 $1,790,000 $179,000 $0 8.24%
    Native Hawaiian or Islander 2 $250,000 $125,000 $0 8.75%
    Chinese 1 $195,000 $195,000 $0 8.50%
    Filipino 1 $145,000 $145,000 $0 8.50%
    Guamanian 1 $115,000 $115,000 $0 8.75%
    Other Asian 1 $75,000 $75,000 $0 8.25%

    Approval Rates

    Total approvals of all applications
    76.86%

    Frontwave has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    73.19%

    Frontwave has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 414 $61,770,000 $149,203

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    414 $61,770,000 $149,203

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 70 $11,820,000 $168,857 $1,200 8.14%
    40-60% 12 $3,060,000 $255,000 $3,789 7.47%
    60-80% 10 $6,770,000 $677,000 $2,937 5.71%
    80-100% 18 $11,850,000 $658,333 $4,945 6.06%
    Over 100% 2 $980,000 $490,000 $0 6.13%
    Under 20% 302 $27,290,000 $90,364 $215 8.16%