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
  • 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 Refi, Home Purchase, and Cash Out Refi loans. Liberty Mortgage Corporation has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Birmingham, Auburn, Talladega, Selma, and Alexander City among others. We have data for 15 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.

    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
    30 Year Conventional Purchase 6.27% 5/4/24
    30 Year Conventional Refi 6.27% 5/4/24
    30 Year Cash-out Refi 6.27% 5/4/24
    15 Year Conventional Purchase 5.68% 5/4/24
    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

    387

    Origination Dollar Volume (All Markets)

    $107,405,000
    Show all (8) 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) 332 $90,930,000 $273,886 $2,501 2.83%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 13 $4,915,000 $378,077 $2,209 2.76%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 10 $2,790,000 $279,000 $2,786 2.94%
    Selma, AL (FHA|USDA|VA) 8 $2,140,000 $267,500 $2,003 3.03%
    Alexander City, AL (FHA|USDA|VA) 5 $1,835,000 $367,000 $2,296 2.95%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 4 $1,150,000 $287,500 $2,280 2.88%
    HUNTSVILLE, AL (FHA|USDA|VA) 3 $775,000 $258,333 $2,415 3.08%
    Cullman, AL (FHA|USDA|VA) 2 $700,000 $350,000 $2,525 2.25%
    DECATUR, AL (FHA|USDA|VA) 2 $580,000 $290,000 $2,705 3.38%
    TUSCALOOSA, AL (FHA|USDA|VA) 2 $450,000 $225,000 $3,726 2.50%
    MONTGOMERY, AL (FHA|USDA|VA) 2 $350,000 $175,000 $2,309 2.81%
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $335,000 $335,000 $2,587 2.50%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $165,000 $165,000 $2,474 4.00%
    Outside of Metro Areas 1 $155,000 $155,000 $2,160 2.50%
    GADSDEN, AL (FHA|USDA|VA) 1 $135,000 $135,000 $1,863 3.00%
    Liberty Mortgage Corporation's top markets include Birmingham, Auburn, Talladega, Selma, and Alexander City 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.

    Liberty Mortgage Corporation
    Similarity Rank: 675
    Jefferson Credit Union
    Similarity Rank: 702
    First Financial Bank
    Similarity Rank: 918
    Independent Bank
    Similarity Rank: 1200
    Community Bank of Mississippi
    Similarity Rank: 1786
    Alabama One Credit Union
    Similarity Rank: 1860
    Progress Bank and Trust
    Similarity Rank: 2430
    AMERICA'S FIRST
    Similarity Rank: 2635
    Consumer First Mortgage, Inc.
    Similarity Rank: 2996
    Guardian Credit Union
    Similarity Rank: 3420

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 361 $102,215,000 $283,144 $2,418 2.83%
    FHA 17 $3,465,000 $203,824 $4,201 3.10%
    USDA 8 $1,360,000 $170,000 $1,989 2.98%
    VA 1 $365,000 $365,000 $2,236 2.75%

    For 2020, Liberty Mortgage Corporation's most frequently originated type of loan was Conventional, with 361 originations. Their 2nd most popular type was FHA, with 17 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 201 $58,895,000 $293,010 $2,420 2.73%
    Home Purchase 109 $26,075,000 $239,220 $2,465 3.01%
    Cash Out Refi 77 $22,435,000 $291,364 $2,692 2.91%

    For 2020, Liberty Mortgage Corporation's most frequently cited loan purpose was Refi, with 201 originations. The 2nd most popular reason was Home Purchase, with 109 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 300 $84,630,000 $282,100 $2,498 2.93%
    15 Year 57 $14,795,000 $259,561 $2,480 2.43%
    20 Year 17 $4,075,000 $239,706 $2,308 2.86%
    Other 9 $3,075,000 $341,667 $2,497 2.69%
    10 Year 4 $830,000 $207,500 $2,496 2.13%

    For 2020, Liberty Mortgage Corporation's most frequently cited loan duration was 30 Year, with 300 originations. The 2nd most popular length was 15 Year, with 57 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 382 $105,890,000 $277,199
    $4k-5k 2 $760,000 $380,000
    $1k-2k 1 $135,000 $135,000
    $2k-3k 1 $325,000 $325,000
    $3k-4k 1 $295,000 $295,000

    Liberty Mortgage Corporation's average total fees were $2,498, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 382 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 155 $42,935,000 $277,000
    <2.5% 125 $35,425,000 $283,400
    3-4% 100 $27,390,000 $273,900
    4-5% 7 $1,655,000 $236,429

    During 2020, Liberty Mortgage Corporation's average interest rate for loans was 2.93%, while their most frequently originated rate bucket for loans was 2.5-3%, with 155 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 214 $61,520,000 $287,477 $2,528 2.81%
    $100k-200k 97 $15,375,000 $158,505 $2,372 2.86%
    $400k-600k 64 $29,460,000 $460,313 $2,577 2.81%
    $100,000 or less 12 $1,050,000 $87,500 $2,184 3.29%

    2020 saw Liberty Mortgage Corporation place emphasis on $200k-400k loans with 214 originations, totaling $61,520,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 95 $26,765,000 $281,737 $2,408 2.81%
    $150k-250k 90 $29,010,000 $322,333 $2,498 2.83%
    $50k-75k 69 $14,635,000 $212,101 $2,579 2.88%
    $75k-100k 63 $14,795,000 $234,841 $2,392 2.91%
    $250k+ 42 $17,460,000 $415,714 $2,633 2.74%
    $50k or less 28 $4,740,000 $169,286 $2,480 2.91%

    Liberty Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 95 originations. The second most popular income band? $150k-250k, with 90 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 123 $33,505,000 $272,398 $2,480 2.78%
    <20% 96 $28,590,000 $297,813 $2,434 2.78%
    30-36% 61 $17,625,000 $288,934 $2,538 2.82%
    36% 13 $3,795,000 $291,923 $2,559 2.88%
    37% 11 $2,585,000 $235,000 $2,611 2.95%
    45% 11 $2,825,000 $256,818 $2,191 2.95%
    39% 10 $2,970,000 $297,000 $2,234 3.00%
    42% 9 $2,155,000 $239,444 $2,488 3.22%
    40% 9 $2,165,000 $240,556 $2,027 2.65%
    44% 9 $2,385,000 $265,000 $2,561 3.08%
    49% 7 $1,765,000 $252,143 $3,252 2.88%
    38% 7 $1,825,000 $260,714 $3,012 2.77%
    43% 6 $1,520,000 $253,333 $2,214 2.90%
    47% 5 $1,535,000 $307,000 $2,132 3.00%
    46% 4 $1,110,000 $277,500 $3,290 2.75%
    48% 2 $220,000 $110,000 $1,762 4.38%
    50-60% 2 $430,000 $215,000 $3,723 3.38%
    41% 2 $400,000 $200,000 $2,421 3.75%

    Liberty Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 123 originations. The next most common DTI ratio? <20%, with 96 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 222 $60,280,000 $271,532 $2,437 2.82%
    Asian 154 $44,330,000 $287,857 $2,529 2.86%
    American Indian 10 $2,670,000 $267,000 $2,895 3.00%
    Black 1 $125,000 $125,000 $2,978 2.25%

    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 387 $107,405,000 $277,532

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 387 $107,405,000 $277,532

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $2,805,000 $215,769 $2,453 2.52%
    40-60% 64 $16,650,000 $260,156 $2,352 2.71%
    60-80% 193 $58,245,000 $301,788 $2,501 2.86%
    80-100% 115 $29,325,000 $255,000 $2,539 2.93%
    Over 100% 1 $195,000 $195,000 $1,909 3.25%
    Under 20% 1 $185,000 $185,000 $3,310 2.00%