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Frost Bank

SAN ANTONIO, TX

Frost Bank processed 17,592 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 6,526 loans with a 34.0% denial rate. Other was the primary loan purpose. Based in SAN ANTONIO, TX. The approval rate of 37.1% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Frost Bank's 37.1% origination rate tells you how often an application turned into funded money; the 34.0% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (17,592 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

17,592
Applications
6,526
Originated
34.0%
Denial Rate
$156,557
Avg Loan Amount
Avg Interest Rate: 7.296% Avg Applicant Income: $36,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 17,592 6,526 5,986 $156,557

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Frost Bank (LEI: G5AHTAP80NWA3Q8RDC78) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
2,716
Credit history
2,151
Other
1,327
Collateral
553
Unverifiable information
429
Credit application incomplete
361
Employment history
254
Insufficient cash
3

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 7,986 1,856 $108,819
Home Improvement 6,354 3,029 $129,742
Home Purchase 2,279 1,162 $343,065
Refinancing 973 479 $286,634

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 11,966 41.4% 33.6%
Black or African American 1,740 16.7% 33.3%
Asian 852 29.8% 40.5%
Joint 465 46.7% 35.0%
American Indian or Alaska Native 259 17.8% 29.7%
2 or more minority races 56 12.5% 30.4%
Native Hawaiian or Other Pacific Islander * 31 19.4% 12.9%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 10,684 41.3% 32.8%
Hispanic or Latino 4,358 25.6% 37.1%
Joint 964 46.1% 34.0%

Nearby Lenders in TX

Other HMDA-reporting lenders in TX with similar activity. Compare any two side-by-side.

Nationstar Mortgage

Coppell, TX

110,111 apps 41,693 originated 9.2% denied

DHI Mortgage Company, LTD.

Austin, TX

96,056 apps 70,673 originated 10.3% denied

PRIMELENDING

DALLAS, TX

36,578 apps 25,147 originated 5.3% denied

Credit Human Federal Credit Un

San Antonio, TX

28,052 apps 2,953 originated 75.7% denied

Usaa Bank

SAN ANTONIO, TX

28,020 apps 13,205 originated 23.5% denied
Compare Frost Bank vs Nationstar Mortgage →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Frost Bank process?
Frost Bank processed 17,592 mortgage applications in the 2024 HMDA reporting year. Of these, 6,526 were originated (approved and funded), 1,717 were withdrawn by the applicant, and 5,986 were denied.
What is Frost Bank's mortgage approval rate?
Frost Bank has an approval (origination) rate of 37.1%, meaning 37.1% of all applications resulted in a funded mortgage. The denial rate is 34.0%.
What is the average loan amount at Frost Bank?
The average mortgage loan amount at Frost Bank is $156,557. The average interest rate is 7.296%. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at Frost Bank?
The most common reasons for mortgage denial at Frost Bank are: Debt-to-income ratio, Credit history, Other. In total, 5,986 applications were denied out of 17,592 total applications.
What types of mortgage loans does Frost Bank offer?
Frost Bank processes Conventional loans. The most common type is Conventional with 17,592 applications and an average loan amount of $156,557.
What loan purposes does Frost Bank serve?
Frost Bank serves the following loan purposes: Other (7,986 applications), Home Improvement (6,354 applications), Home Purchase (2,279 applications), Refinancing (973 applications). Other is the most common purpose.
Where is Frost Bank located?
Frost Bank is headquartered in SAN ANTONIO, TX. The lender is identified by LEI G5AHTAP80NWA3Q8RDC78 in HMDA data.
How does Frost Bank compare in lending across racial demographics?
Frost Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 41.4% and denial rate of 33.6%; Black or African American applicants have an approval rate of 16.7% and denial rate of 33.3%; Asian applicants have an approval rate of 29.8% and denial rate of 40.5%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.