Liberty Mortgage Corporation Rates, Fees & Info

Birmingham, AL

LEI: 2549008SGDIASSJGSR05

Tax ID: 63-0901920

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

    Liberty Mortgage Corporation is a smaller mortgage company specializing in Home Purchase and Refi loans. Liberty Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Birmingham, Auburn, Alexander City, Talladega, and Anniston among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Liberty Mortgage Corporation has an above average approval rate when compared to the average across all lenders. Liberty Mortgage Corporation 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.27% 12/16/24
    30 Year Conventional Refi 6.27% 12/16/24
    30 Year Cash-out Refi 6.27% 12/16/24
    15 Year Conventional Purchase 5.68% 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.

    Liberty Mortgage Corporation Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Liberty Mortgage Corporation. 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

    152

    Origination Dollar Volume (All Markets)

    $36,560,000
    Show all (5) awards

    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
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 130 $30,720,000 $236,308 $2,405 4.01%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 8 $2,750,000 $343,750 $2,589 3.77%
    Alexander City, AL (FHA|USDA|VA) 2 $790,000 $395,000 $2,123 3.50%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 3 $705,000 $235,000 $933 3.96%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 3 $455,000 $151,667 $2,048 4.71%
    Jasper, AL (FHA|USDA|VA) 1 $305,000 $305,000 $2,564 3.75%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $305,000 $305,000 $2,306 3.50%
    TUSCALOOSA, AL (FHA|USDA|VA) 1 $205,000 $205,000 $1,881 3.88%
    HUNTSVILLE, AL (FHA|USDA|VA) 1 $135,000 $135,000 $1,475 3.00%
    GADSDEN, AL (FHA|USDA|VA) 1 $115,000 $115,000 $4,849 5.00%
    DECATUR, AL (FHA|USDA|VA) 1 $75,000 $75,000 $2,345 4.75%
    Liberty Mortgage Corporation's top markets include Birmingham, Auburn, Alexander City, Talladega, and Anniston among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Liberty Mortgage Corporation based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    AMERICA'S FIRST
    Similarity Rank: 80
    Liberty Mortgage Corporation
    Similarity Rank: 748
    Eco Credit Union
    Similarity Rank: 805
    Progress Bank and Trust
    Similarity Rank: 1537
    APCO EMPLOYEES
    Similarity Rank: 1664
    AVADIAN
    Similarity Rank: 2040
    EvaBank
    Similarity Rank: 2640
    First Federal Bank, A FSB
    Similarity Rank: 2646
    HUNT MORTGAGE CORPORATION
    Similarity Rank: 2756
    CB&S Bank, Inc.
    Similarity Rank: 3906

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 115 $30,545,000 $265,609 $2,151 3.90%
    FHA 29 $4,135,000 $142,586 $3,495 4.33%
    VA 6 $1,670,000 $278,333 $1,815 4.33%
    USDA 2 $210,000 $105,000 $1,751 4.63%

    For 2019, Liberty Mortgage Corporation's most frequently originated type of loan was Conventional, with 115 originations. Their 2nd most popular type was FHA, with 29 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 96 $21,780,000 $226,875 $2,258 4.14%
    Refi 29 $8,365,000 $288,448 $2,495 3.66%
    Cash Out Refi 27 $6,415,000 $237,593 $2,694 3.91%

    For 2019, Liberty Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 96 originations. The 2nd most popular reason was Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 126 $30,480,000 $241,905 $2,455 4.11%
    15 Year 18 $3,680,000 $204,444 $2,103 3.40%
    20 Year 7 $2,055,000 $293,571 $1,760 3.75%
    Other 1 $345,000 $345,000 $2,563 3.50%

    For 2019, Liberty Mortgage Corporation's most frequently cited loan duration was 30 Year, with 126 originations. The 2nd most popular length was 15 Year, with 18 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 93 $23,195,000 $249,409
    $1k-2k 1 $175,000 $175,000

    Liberty Mortgage Corporation's average total fees were $2,455, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 93 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 83 $22,355,000 $269,337
    4-5% 54 $11,740,000 $217,407
    2.5-3% 7 $1,535,000 $219,286
    5-6% 7 $775,000 $110,714

    During 2019, Liberty Mortgage Corporation's average interest rate for loans was 4.11%, while their most frequently originated rate bucket for loans was 3-4%, with 83 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 69 $19,875,000 $288,043 $2,092 3.86%
    $100k-200k 50 $7,670,000 $153,400 $2,533 4.10%
    $400k-600k 17 $7,625,000 $448,529 $3,426 3.86%
    $100,000 or less 16 $1,390,000 $86,875 $2,054 4.52%

    2019 saw Liberty Mortgage Corporation place emphasis on $200k-400k loans with 69 originations, totaling $19,875,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 40 $11,400,000 $285,000 $1,997 3.88%
    $150k-250k 29 $9,225,000 $318,103 $2,982 3.80%
    $50k-75k 29 $5,745,000 $198,103 $2,568 4.10%
    $75k-100k 25 $5,075,000 $203,000 $2,370 4.25%
    $50k or less 19 $2,305,000 $121,316 $2,223 4.21%
    $250k+ 10 $2,810,000 $281,000 $1,983 3.88%

    Liberty Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 40 originations. The second most popular income band? $150k-250k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 149 $36,025,000 $241,779 $2,351 4.01%

    Liberty Mortgage Corporation lent most frequently to those with DTI ratios of <20%, with 149 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 150 $36,100,000 $240,667 $2,364 4.01%
    Black 2 $460,000 $230,000 $3,643 3.75%

    Approval Rates

    Total approvals of all applications
    100.00%

    Liberty Mortgage Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 152 $36,560,000 $240,526

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 6 $560,000 $93,333
    Single Family (1-4 Units):Site-Built 146 $36,000,000 $246,575

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $180,000 $90,000 $2,164 3.88%
    40-60% 18 $4,160,000 $231,111 $2,333 3.78%
    60-80% 49 $13,525,000 $276,020 $2,582 3.92%
    80-100% 82 $18,540,000 $226,098 $2,277 4.11%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Liberty Finance Co., Inc. Conventional home mortgage Struggling to pay mortgage 1 100.0%