Frost Bank Mortgage Rates, Fees & Info
San Antonio, TXLEI: G5AHTAP80NWA3Q8RDC78
Tax ID: 74-0635455
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Mortgage Data
Review & Overview
Frost Bank is a small bank specializing in Home Improvement, Other, and Home Purchase loans. Frost Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Austin, Houston, San Antonio, and Corpus Christi among others. We have data for 43 markets. (Some data included below & more in-depth data is available with an active subscription.)Frost Bank has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Frost Bank 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 relatively high 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/17/24 |
| 30 Year Conventional Purchase | 6.27% | 11/17/24 |
| 30 Year Conventional Refi | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 6.12% | 11/17/24 |
| 15 Year Conventional Refi | 6.24% | 11/17/24 |
| 15 Year Cash-out Refi | 6.24% | 11/17/24 |
| 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. | ||
Frost Bank Mortgage Calculator
Your Estimates
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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
6,853Origination Dollar Volume (All Markets)
$1,125,855,000Awards
Frost Bank - 2023
Frost Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Frost Bank's average 30 year fixed mortgage rate was
5.28%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -1.2%.
Relative Fees (Closing Costs)
Frost Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,467.
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 $9,089.
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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2,971 | $488,155,000 | $164,307 | $412 | 7.14% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 902 | $223,260,000 | $247,517 | $666 | 7.34% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1,536 | $221,730,000 | $144,355 | $267 | 7.06% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 959 | $128,965,000 | $134,479 | $478 | 6.92% |
| Outside of Metro Areas | 77 | $12,475,000 | $162,013 | $248 | 7.16% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 101 | $11,445,000 | $113,317 | $166 | 7.10% |
| MIDLAND, TX (FHA|USDA|VA) | 40 | $6,280,000 | $157,000 | $275 | 7.61% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 65 | $6,005,000 | $92,385 | $70 | 7.05% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 31 | $2,775,000 | $89,516 | $462 | 6.90% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 26 | $2,740,000 | $105,385 | $175 | 7.20% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 22 | $2,480,000 | $112,727 | $228 | 6.86% |
| Mineral Wells, TX (FHA|USDA|VA) | 5 | $2,345,000 | $469,000 | $875 | 7.77% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 15 | $2,065,000 | $137,667 | $413 | 7.01% |
| Granbury, TX (FHA|USDA|VA) | 10 | $1,530,000 | $153,000 | $327 | 7.23% |
| Fredericksburg, TX (FHA|USDA|VA) | 3 | $1,505,000 | $501,667 | $4,502 | 7.08% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 7.55% |
| Athens, TX (FHA|USDA|VA) | 8 | $1,450,000 | $181,250 | $440 | 7.02% |
| VICTORIA, TX (FHA|USDA|VA) | 10 | $1,380,000 | $138,000 | $120 | 7.56% |
| WACO, TX (FHA|USDA|VA) | 9 | $1,145,000 | $127,222 | $0 | 7.85% |
| Gainesville, TX (FHA|USDA|VA) | 6 | $1,080,000 | $180,000 | $1,053 | 7.76% |
| ODESSA, TX (FHA|USDA|VA) | 12 | $770,000 | $64,167 | $18 | 6.95% |
| Corsicana, TX (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $133 | 6.47% |
| El Campo, TX (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $0 | 8.42% |
| TYLER, TX (FHA|USDA|VA) | 5 | $515,000 | $103,000 | $0 | 7.01% |
| Rockport, TX (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $200 | 6.37% |
| Brenham, TX (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 9.00% |
| Sulphur Springs, TX (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $269 | 5.37% |
| Stephenville, TX (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 8.50% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $194 | 6.65% |
| Bonham, TX (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $158 | 8.32% |
| LONGVIEW, TX (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 7.44% |
| Huntsville, TX (FHA|USDA|VA) | 3 | $155,000 | $51,667 | $200 | 7.64% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 5.49% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $158 | 5.88% |
| Paris, TX (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $404 | 5.87% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $158 | 5.24% |
| Alice, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 8.75% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 9.15% |
| Raymondville, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 7.39% |
| Port Lavaca, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $158 | 6.38% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,450 | 4.63% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.13% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 9.74% |
Similar Lenders
We use machine learning to identify the top lenders compared against Frost Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 4,710 | $657,980,000 | $139,699 | $404 | 6.34% |
| HELOC | 2,143 | $467,875,000 | $218,327 | n/a | 8.84% |
For 2023, Frost Bank's most frequently originated type of loan was Conventional, with 4,710 originations. Their 2nd most popular type was HELOC, with 2,143 originations.
Loan Reason
For 2023, Frost Bank's most frequently cited loan purpose was Home Improvement, with 3,568 originations. The 2nd most popular reason was Other, with 2,047 originations.
Loan Duration/Length
For 2023, Frost Bank's most frequently cited loan duration was 20 Year, with 3,840 originations. The 2nd most popular length was 15 Year, with 1,301 originations.
Origination Fees/Closing Costs
Frost Bank's average total fees were $3,467, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4,568 originations.
Interest Rates
During 2023, Frost Bank's average interest rate for loans was 5.28%, while their most frequently originated rate bucket for loans was Over 8%, with 2,531 originations.
Loan Sizing
2023 saw Frost Bank place emphasis on $100,000 or less loans with 3,130 originations, totaling $186,890,000 in origination value.
Applicant Income
Frost Bank lent most frequently to those with incomes in the $150k-250k range, with 2,186 originations. The second most popular income band? $250k+, with 2,052 originations.
Applicant Debt to Income Ratio
Frost Bank lent most frequently to those with DTI ratios of 20-30%, with 1,563 originations. The next most common DTI ratio? 30-36%, with 1,216 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications50.82%
Frost Bank has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination72.63%
Frost Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 6,853 | $1,125,855,000 | $164,286 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6,853 | $1,125,855,000 | $164,286 |