Frost Bank Mortgage Rates, Fees & Info

San Antonio, TX

LEI: G5AHTAP80NWA3Q8RDC78

Tax ID: 74-0635455

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

Jump to:

  • 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

    Frost Bank is a small bank specializing in Home Improvement and Other loans. Frost Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Austin, Houston, San Antonio, and Midland among others. We have data for 42 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.

    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) 6.27% 12/16/24
    30 Year Conventional Purchase 6.27% 12/16/24
    30 Year Conventional Refi 6.27% 12/16/24
    15 Year Conventional Purchase 6.12% 12/16/24
    15 Year Conventional Refi 6.24% 12/16/24
    15 Year Cash-out Refi 6.24% 12/16/24
    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

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

    This is not an official calculator from Frost Bank. 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

    6,573

    Origination Dollar Volume (All Markets)

    $1,268,605,000

    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
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2,813 $507,595,000 $180,446 $379 5.18%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1,176 $370,460,000 $315,017 $847 5.27%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1,404 $214,710,000 $152,927 $315 5.06%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 814 $122,400,000 $150,369 $292 5.18%
    MIDLAND, TX (FHA|USDA|VA) 49 $9,845,000 $200,918 $393 5.43%
    Outside of Metro Areas 51 $9,675,000 $189,706 $141 4.91%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 55 $7,695,000 $139,909 $120 5.12%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 39 $3,735,000 $95,769 $23 5.14%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 26 $3,580,000 $137,692 $267 5.42%
    Granbury, TX (FHA|USDA|VA) 19 $2,595,000 $136,579 $275 5.08%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 20 $2,060,000 $103,000 $300 5.55%
    ODESSA, TX (FHA|USDA|VA) 7 $1,955,000 $279,286 $0 5.51%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 15 $1,905,000 $127,000 $228 4.89%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 15 $1,825,000 $121,667 $372 5.66%
    Fredericksburg, TX (FHA|USDA|VA) 4 $940,000 $235,000 $1,300 5.32%
    WACO, TX (FHA|USDA|VA) 9 $905,000 $100,556 $190 6.10%
    Gainesville, TX (FHA|USDA|VA) 4 $800,000 $200,000 $553 4.99%
    Huntsville, TX (FHA|USDA|VA) 5 $775,000 $155,000 $443 5.38%
    Athens, TX (FHA|USDA|VA) 7 $705,000 $100,714 $400 4.96%
    Kerrville, TX (FHA|USDA|VA) 4 $640,000 $160,000 $253 5.26%
    Corsicana, TX (FHA|USDA|VA) 2 $530,000 $265,000 $600 5.39%
    VICTORIA, TX (FHA|USDA|VA) 6 $490,000 $81,667 $119 5.72%
    Brenham, TX (FHA|USDA|VA) 1 $405,000 $405,000 $0 3.73%
    Sulphur Springs, TX (FHA|USDA|VA) 2 $340,000 $170,000 $756 5.49%
    Stephenville, TX (FHA|USDA|VA) 2 $270,000 $135,000 $158 4.92%
    LUBBOCK, TX (FHA|USDA|VA) 2 $230,000 $115,000 $0 4.87%
    Bonham, TX (FHA|USDA|VA) 2 $190,000 $95,000 $758 6.62%
    Rockport, TX (FHA|USDA|VA) 2 $160,000 $80,000 $0 6.11%
    El Campo, TX (FHA|USDA|VA) 2 $130,000 $65,000 $458 4.67%
    Port Lavaca, TX (FHA|USDA|VA) 1 $125,000 $125,000 $0 7.74%
    Big Spring, TX (FHA|USDA|VA) 1 $115,000 $115,000 $958 5.49%
    Andrews, TX (FHA|USDA|VA) 2 $100,000 $50,000 $758 5.87%
    LAREDO, TX (FHA|USDA|VA) 2 $100,000 $50,000 $500 5.07%
    Jacksonville, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.24%
    LONGVIEW, TX (FHA|USDA|VA) 1 $95,000 $95,000 $500 4.49%
    Raymondville, TX (FHA|USDA|VA) 1 $85,000 $85,000 $0 3.99%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.74%
    EL PASO, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.40%
    TYLER, TX (FHA|USDA|VA) 1 $65,000 $65,000 $158 5.34%
    Mineral Wells, TX (FHA|USDA|VA) 2 $60,000 $30,000 $0 6.99%
    Rio Grande City-Roma, TX (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.28%
    Beeville, TX (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.19%
    Frost Bank's top markets include Dallas, Austin, Houston, San Antonio, and Midland among others.

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

    • 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.

    Generations Community Federal Credit Union
    Similarity Rank: 264
    TEXANS
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    AAXY L.L.C.
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    DATCU
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    Texas Bank and Trust Company
    Similarity Rank: 1566
    LONE STAR
    Similarity Rank: 1752
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1791
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 2240
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 2255
    FIRST CONTINENTAL MORTGAGE, LTD.
    Similarity Rank: 2280

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,630 $508,270,000 $140,019 $394 4.92%
    HELOC 2,943 $760,335,000 $258,354 n/a 5.49%

    For 2022, Frost Bank's most frequently originated type of loan was Conventional, with 3,630 originations. Their 2nd most popular type was HELOC, with 2,943 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 3,755 $574,885,000 $153,099 $414 5.07%
    Other 1,661 $366,425,000 $220,605 $253 5.40%
    Home Purchase 663 $184,005,000 $277,534 $598 5.25%
    Refi 494 $143,290,000 $290,061 $351 5.14%

    For 2022, Frost Bank's most frequently cited loan purpose was Home Improvement, with 3,755 originations. The 2nd most popular reason was Other, with 1,661 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 4,182 $913,440,000 $218,422 $272 5.40%
    Other 1,130 $237,070,000 $209,796 $731 4.74%
    15 Year 789 $77,385,000 $98,080 $273 4.75%
    10 Year 450 $35,980,000 $79,956 $98 4.93%
    5 Year 16 $3,290,000 $205,625 $0 5.44%
    3 Year 6 $1,440,000 $240,000 $0 8.37%

    For 2022, Frost Bank's most frequently cited loan duration was 20 Year, with 4,182 originations. The 2nd most popular length was Other, with 1,130 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 3,519 $442,265,000 $125,679
    $1k-2k 67 $35,025,000 $522,761
    $3k-4k 10 $13,790,000 $1,379,000
    $2k-3k 8 $6,560,000 $820,000
    $4k-5k 2 $3,520,000 $1,760,000
    $5k+ 1 $2,125,000 $2,125,000

    Frost Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3,519 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 2,223 $403,055,000 $181,311
    5-6% 2,111 $327,525,000 $155,152
    3-4% 1,002 $260,280,000 $259,760
    6-7% 775 $176,715,000 $228,019
    7-8% 386 $87,920,000 $227,772
    Over 8% 75 $12,655,000 $168,733
    2.5-3% 1 $455,000 $455,000

    During 2022, Frost Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 2,223 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 2,547 $159,345,000 $62,562 $185 5.20%
    $100k-200k 1,977 $274,645,000 $138,920 $230 5.17%
    $200k-400k 1,291 $354,005,000 $274,210 $478 5.17%
    $400k-600k 569 $256,665,000 $451,081 $1,651 5.12%
    $1MM+ 99 $156,185,000 $1,577,626 $12,969 5.13%
    $600k-1MM 90 $67,760,000 $752,889 $6,754 5.13%

    2022 saw Frost Bank place emphasis on $100,000 or less loans with 2,547 originations, totaling $159,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 2,194 $352,930,000 $160,861 $276 5.17%
    $250k+ 1,972 $633,600,000 $321,298 $844 5.12%
    $100k-150k 1,287 $165,345,000 $128,473 $202 5.16%
    $75k-100k 458 $49,220,000 $107,467 $157 5.37%
    $50k-75k 377 $37,785,000 $100,225 $126 5.24%
    $50k or less 172 $13,760,000 $80,000 $36 5.22%

    Frost Bank lent most frequently to those with incomes in the $150k-250k range, with 2,194 originations. The second most popular income band? $250k+, with 1,972 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,669 $312,605,000 $187,301 $374 5.10%
    30-36% 1,171 $206,675,000 $176,494 $341 5.20%
    <20% 818 $190,010,000 $232,286 $441 4.99%
    50-60% 300 $66,040,000 $220,133 $460 5.43%
    37% 213 $37,865,000 $177,770 $461 5.12%
    45% 194 $39,430,000 $203,247 $569 5.19%
    40% 194 $31,100,000 $160,309 $274 5.24%
    39% 193 $36,285,000 $188,005 $373 5.16%
    47% 192 $42,860,000 $223,229 $635 5.35%
    38% 189 $34,855,000 $184,418 $388 5.19%
    36% 188 $30,120,000 $160,213 $290 5.06%
    49% 188 $41,010,000 $218,138 $405 5.34%
    42% 186 $40,070,000 $215,430 $314 5.35%
    41% 185 $29,965,000 $161,973 $416 5.18%
    43% 182 $32,360,000 $177,802 $415 5.26%
    48% 174 $31,800,000 $182,759 $499 5.25%
    46% 161 $29,855,000 $185,435 $291 5.38%
    44% 149 $29,955,000 $201,040 $463 5.14%

    Frost Bank lent most frequently to those with DTI ratios of 20-30%, with 1,669 originations. The next most common DTI ratio? 30-36%, with 1,171 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,235 $1,029,835,000 $196,721 $398 5.16%
    Not provided 686 $127,430,000 $185,758 $461 5.20%
    Asian 169 $37,895,000 $224,231 $383 5.12%
    Black 274 $35,940,000 $131,168 $270 5.25%
    Asian Indian 67 $14,715,000 $219,627 $212 5.07%
    American Indian 59 $9,435,000 $159,915 $260 5.42%
    Not applicable 25 $5,395,000 $215,800 $0 6.19%
    Other Asian 18 $2,590,000 $143,889 $248 5.20%
    Vietnamese 9 $1,505,000 $167,222 $158 5.11%
    Filipino 9 $1,035,000 $115,000 $227 5.40%
    Korean 4 $810,000 $202,500 $158 5.37%
    Chinese 4 $780,000 $195,000 $79 4.22%
    Native Hawaiian or Islander 5 $415,000 $83,000 $486 5.47%
    3 $285,000 $95,000 $79 5.21%
    Japanese 1 $255,000 $255,000 $0 5.49%
    Other Pacific Islander 3 $175,000 $58,333 $53 4.35%
    Guamanian 1 $75,000 $75,000 $0 5.93%
    Samoan 1 $35,000 $35,000 $158 5.34%

    Approval Rates

    Total approvals of all applications
    49.55%

    Frost Bank has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    82.64%

    Frost Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 6,573 $1,268,605,000 $193,002

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    6,573 $1,268,605,000 $193,002

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2,390 $530,700,000 $222,050 $496 5.22%
    40-60% 564 $200,890,000 $356,188 $1,280 5.19%
    60-80% 415 $179,165,000 $431,723 $684 4.90%
    80-100% 140 $62,170,000 $444,071 $373 4.88%
    Over 100% 1 $95,000 $95,000 $0 7.88%
    Under 20% 3,063 $295,585,000 $96,502 $242 5.19%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST CITIZENS BANCSHARES, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%