Frontwave at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the D grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
6th33.1% deniedPricingmedian rate spread over APOR, weight 30%
27th0.53 ptsProcesswithdrawn + incomplete share, weight 15%
33rd15.5%Closing coststotal loan costs ÷ loan amount, weight 10%
35th2.30% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 768 | 363 | 17.7% | 26.4% | 8.00% | $65M |
| 2024 | 726 | 414 | 23.1% | 28.1% | 8.25% | $62M |
| 2025 | 711 | 370 | 28.0% | 33.1% | 7.50% | $71M |
What Frontwave lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 324 home-equity lines, 0 reverse mortgages, 16 manufactured homes, 17 investment properties.
Why Frontwave denies applications
Primary reason reported for each of the 199 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Frontwave
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 54 | 18 | 61.2% |
| $50k – $100k | 162 | 80 | 37.0% |
| $100k – $150k | 168 | 98 | 25.7% |
| $150k – $250k | 214 | 126 | 24.6% |
| Over $250k | 110 | 47 | 40.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 63 | 21 | 39.6% |
| 35–44 | 184 | 90 | 38.9% |
| 45–54 | 159 | 89 | 29.6% |
| 55–64 | 137 | 71 | 32.7% |
| 65–74 | 110 | 64 | 30.3% |
| Over 74 | 50 | 33 | 19.1% |
Where Frontwave lends
4 states and 23 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| California | 703 | 369 | 27.7% | 7.50% | #208 |
| North Carolina | 5 | 1 | 20.0% | 5.75% | #764 |
Frequently asked questions
Frontwave denied 33.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 6th percentile of small mortgage lenders.
The most common reason Frontwave gave in 2025 was "debt-to-income ratio", cited on 32.7% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Frontwave originated in 2025 was 7.50%, and its median rate spread over the average prime offer rate was 0.53 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 10% of its applications were for home purchases, 56% for refinancing (including cash-out), and 35% for home improvement or other purposes. By loan type: 98% conventional, 0% FHA, 2% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.