Frontwave Mortgage Rates, Fees & Info

Oceanside, CA

LEI: 549300PEQH6YK4DH0490

Tax ID: 95-1820763

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

    Frontwave is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Frontwave has a high proportion of conventional loans. Their top markets by origination volume include: San Diego, Riverside, Los Angeles, and Oxnard among others. We have data for 4 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
    Home Equity Line of Credit (HELOC) 5.66% 4/18/24
    30 Year Conventional Purchase 5.81% 4/18/24
    30 Year Conventional Refi 5.53% 4/18/24
    30 Year Cash-out Refi 5.73% 4/18/24
    30 Year VA Purchase 5.60% 4/18/24
    30 Year VA Refi 6.27% 4/18/24
    15 Year Conventional Purchase 5.68% 4/18/24
    15 Year Conventional Refi 5.68% 4/18/24
    15 Year Cash-out Refi 5.68% 4/18/24
    15 Year VA Refi 5.20% 4/18/24
    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.

    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

    135

    Origination Dollar Volume (All Markets)

    $34,315,000
    Show all (5) 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
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 75 $22,245,000 $296,600 $2,810 4.55%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 57 $10,565,000 $185,351 $2,550 4.76%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $1,140,000 $570,000 $4,651 4.31%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $365,000 $365,000 $3,491 3.13%
    Frontwave's top markets include San Diego, Riverside, Los Angeles, and Oxnard among others.

    Their top states include:
  • California (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.

    MYPOINT Credit Union
    Similarity Rank: 55
    FRONTWAVE
    Similarity Rank: 176
    Cabrillo Credit Union
    Similarity Rank: 248
    American Interbanc Mortgage
    Similarity Rank: 364
    ALTA VISTA CREDIT UNION
    Similarity Rank: 612
    MONARCH FUNDING CORP.
    Similarity Rank: 705
    ORANGE COUNTY'S CREDIT UNION
    Similarity Rank: 882
    ALTURA
    Similarity Rank: 965
    THE FIRST FINANCIAL Federal Credit Union
    Similarity Rank: 984
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 1003

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 135 $34,315,000 $254,185 $2,738 4.62%

    For 2018, Frontwave's most frequently originated type of loan was Conventional, with 135 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 55 $16,175,000 $294,091 $2,258 4.27%
    Home Purchase 34 $12,450,000 $366,176 $3,735 4.30%
    Home Improvement 22 $1,910,000 $86,818 $2,150 5.63%
    Other 16 $1,770,000 $110,625 $2,667 5.36%
    Refi 8 $2,010,000 $251,250 $2,395 4.16%

    For 2018, Frontwave's most frequently cited loan purpose was Cash Out Refi, with 55 originations. The 2nd most popular reason was Home Purchase, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 77 $27,705,000 $359,805 $2,845 4.08%
    15 Year 24 $2,930,000 $122,083 $2,373 5.15%
    20 Year 22 $3,030,000 $137,727 $2,463 5.59%
    10 Year 8 $550,000 $68,750 $2,291 5.31%
    5 Year 4 $100,000 $25,000 $0 5.25%

    For 2018, Frontwave's most frequently cited loan duration was 30 Year, with 77 originations. The 2nd most popular length was 15 Year, with 24 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 99 $30,825,000 $311,364

    Frontwave's average total fees were $2,845, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 99 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 67 $19,245,000 $287,239
    3-4% 27 $8,075,000 $299,074
    6-7% 21 $995,000 $47,381
    2.5-3% 9 $5,035,000 $559,444
    5-6% 7 $705,000 $100,714
    7-8% 3 $185,000 $61,667
    Over 8% 1 $75,000 $75,000

    During 2018, Frontwave's average interest rate for loans was 4.08%, while their most frequently originated rate bucket for loans was 4-5%, with 67 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 41 $11,765,000 $286,951 $2,749 4.18%
    $100,000 or less 38 $1,780,000 $46,842 $2,106 5.76%
    $100k-200k 26 $3,610,000 $138,846 $2,223 4.52%
    $400k-600k 21 $10,485,000 $499,286 $3,290 4.14%
    $600k-1MM 9 $6,675,000 $741,667 $3,463 3.24%

    2018 saw Frontwave place emphasis on $200k-400k loans with 41 originations, totaling $11,765,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 34 $9,870,000 $290,294 $3,036 4.60%
    $150k-250k 28 $11,270,000 $402,500 $2,697 4.11%
    $75k-100k 28 $5,770,000 $206,071 $2,785 4.88%
    $50k-75k 22 $2,700,000 $122,727 $2,481 5.22%
    $50k or less 16 $1,620,000 $101,250 $2,446 4.26%
    $250k+ 7 $3,085,000 $440,714 $2,611 4.77%

    Frontwave lent most frequently to those with incomes in the $100k-150k range, with 34 originations. The second most popular income band? $150k-250k, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 25 $6,315,000 $252,600 $3,019 4.57%
    20-30% 25 $5,025,000 $201,000 $2,356 4.78%
    49% 11 $3,905,000 $355,000 $3,405 4.32%
    38% 10 $2,300,000 $230,000 $2,840 4.49%
    40% 9 $1,655,000 $183,889 $1,746 4.78%
    44% 7 $1,795,000 $256,429 $2,100 4.36%
    39% 7 $3,285,000 $469,286 $3,050 3.73%
    37% 6 $900,000 $150,000 $1,942 4.63%
    47% 6 $2,570,000 $428,333 $3,337 4.50%
    45% 4 $710,000 $177,500 $2,847 4.88%
    48% 4 $1,040,000 $260,000 $2,738 4.91%
    36% 4 $750,000 $187,500 $3,022 4.91%
    46% 4 $900,000 $225,000 $3,313 4.81%
    <20% 3 $895,000 $298,333 $2,893 4.17%
    41% 3 $225,000 $75,000 $2,377 5.83%
    42% 3 $615,000 $205,000 $2,565 5.17%
    43% 2 $920,000 $460,000 $3,003 4.81%
    50-60% 2 $510,000 $255,000 $3,356 5.31%

    Frontwave lent most frequently to those with DTI ratios of 30-36%, with 25 originations. The next most common DTI ratio? 20-30%, with 25 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 91 $22,555,000 $247,857 $2,717 4.57%
    Not provided 25 $5,895,000 $235,800 $2,872 4.97%
    Black 4 $1,790,000 $447,500 $2,889 3.81%
    Asian 6 $1,310,000 $218,333 $2,110 5.10%
    American Indian 3 $785,000 $261,667 $2,466 4.13%
    Other Asian 1 $655,000 $655,000 $2,689 4.13%
    Asian Indian 1 $635,000 $635,000 $4,810 2.75%
    Native Hawaiian or Islander 2 $380,000 $190,000 $2,396 4.81%
    Chinese 1 $205,000 $205,000 $0 4.63%
    Other Pacific Islander 1 $105,000 $105,000 $2,442 4.25%

    Approval Rates

    Total approvals of all applications
    77.64%

    Frontwave has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    44.44%

    Frontwave has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 9 $2,185,000 $242,778
    NA 126 $32,130,000 $255,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 9 $2,175,000 $241,667
    Single Family (1-4 Units):Site-Built 126 $32,140,000 $255,079

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $2,925,000 $172,059 $2,382 4.94%
    40-60% 25 $6,875,000 $275,000 $2,543 3.90%
    60-80% 44 $17,070,000 $387,955 $2,978 4.13%
    80-100% 15 $5,755,000 $383,667 $3,300 4.19%
    Under 20% 33 $1,665,000 $50,455 $1,750 5.80%

    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%