Frontier Farm Credit Flca Mortgage Rates, Fees & Info

Manhattan, KS

LEI: 549300RT11OX6LMLMX54

Tax ID: 48-1091560

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 Farm Credit Flca is a smaller mortgage company specializing in Home Purchase loans. Frontier Farm Credit Flca has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, Lawrence, Topeka, and St. Joseph among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Frontier Farm Credit Flca 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. Frontier Farm Credit Flca 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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    Originations

    18

    Origination Dollar Volume (All Markets)

    $3,910,000

    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
    Outside of Metro Areas 9 $1,575,000 $175,000 $1,964 4.64%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 5 $1,355,000 $271,000 $2,468 4.41%
    LAWRENCE, KS (FHA|USDA|VA) 2 $890,000 $445,000 $4,335 4.45%
    TOPEKA, KS (FHA|USDA|VA) 1 $55,000 $55,000 $2,345 4.45%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $35,000 $35,000 $172 5.25%
    Frontier Farm Credit Flca's top markets include Kansas City, Lawrence, Topeka, and St. Joseph among others.

    Their top states include:
  • Kansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 18 $3,910,000 $217,222 $2,308 4.58%

    For 2019, Frontier Farm Credit Flca's most frequently originated type of loan was Conventional, with 18 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 13 $3,425,000 $263,462 $2,735 4.69%
    Home Improvement 3 $245,000 $81,667 $1,530 4.12%
    Refi 2 $240,000 $120,000 $916 4.55%

    For 2019, Frontier Farm Credit Flca's most frequently cited loan purpose was Home Purchase, with 13 originations. The 2nd most popular reason was Home Improvement, with 3 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 10 $2,680,000 $268,000 $2,606 4.69%
    15 Year 5 $765,000 $153,000 $2,157 4.64%
    Other 2 $350,000 $175,000 $1,867 3.95%
    20 Year 1 $115,000 $115,000 $822 4.40%

    For 2019, Frontier Farm Credit Flca's most frequently cited loan duration was 30 Year, with 10 originations. The 2nd most popular length was 15 Year, with 5 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 6 $580,000 $96,667
    $1k-2k 6 $860,000 $143,333
    $2k-3k 3 $1,145,000 $381,667
    $3k-4k 1 $425,000 $425,000
    $5k+ 1 $825,000 $825,000

    Frontier Farm Credit Flca's average total fees were $2,606, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 6 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 13 $3,335,000 $256,538
    5-6% 4 $550,000 $137,500
    3-4% 1 $25,000 $25,000

    During 2019, Frontier Farm Credit Flca's average interest rate for loans was 4.69%, while their most frequently originated rate bucket for loans was 4-5%, with 13 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 7 $925,000 $132,143 $1,658 4.59%
    $100,000 or less 5 $255,000 $51,000 $1,213 4.55%
    $200k-400k 3 $1,015,000 $338,333 $2,559 4.80%
    $400k-600k 2 $890,000 $445,000 $4,041 4.33%
    $600k-1MM 1 $825,000 $825,000 $7,030 4.45%

    2019 saw Frontier Farm Credit Flca place emphasis on $100k-200k loans with 7 originations, totaling $925,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 7 $1,915,000 $273,571 $2,839 4.34%
    $100k-150k 5 $1,365,000 $273,000 $2,627 4.70%
    $250k+ 3 $345,000 $115,000 $1,538 4.66%
    $50k or less 2 $140,000 $70,000 $573 5.15%
    $75k-100k 1 $145,000 $145,000 $2,016 4.20%

    Frontier Farm Credit Flca lent most frequently to those with incomes in the $150k-250k range, with 7 originations. The second most popular income band? $100k-150k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 3 $785,000 $261,667 $2,343 4.65%
    30-36% 3 $905,000 $301,667 $2,528 4.63%
    37% 2 $500,000 $250,000 $2,154 4.85%
    36% 1 $65,000 $65,000 $1,640 4.45%
    38% 1 $175,000 $175,000 $2,582 4.90%
    39% 1 $825,000 $825,000 $7,030 4.45%

    Frontier Farm Credit Flca lent most frequently to those with DTI ratios of 20-30%, with 3 originations. The next most common DTI ratio? 30-36%, with 3 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 18 $3,910,000 $217,222 $2,308 4.58%

    Approval Rates

    Total approvals of all applications
    82.35%

    Frontier Farm Credit Flca has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    44.44%

    Frontier Farm Credit Flca 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
    NA 18 $3,910,000 $217,222

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 18 $3,910,000 $217,222

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $160,000 $80,000 $2,145 4.45%
    40-60% 1 $125,000 $125,000 $1,010 4.70%
    60-80% 6 $2,150,000 $358,333 $3,139 4.50%
    80-100% 6 $1,350,000 $225,000 $2,521 4.77%
    Under 20% 3 $125,000 $41,667 $836 4.38%

    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%