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 Home Purchase and Cash Out Refi loans. Liberty Mortgage Corporation has a high proportion of conventional loans. Their top markets by origination volume include: Birmingham, Auburn, Talladega, Huntsville, and Tuscaloosa among others. We have data for 7 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

    108

    Origination Dollar Volume (All Markets)

    $31,380,000

    Awards

    Liberty Mortgage Corporation 30 Year Conventional Loans gold Liberty Mortgage Corporation 30 Year Conventional Loans bronze
    Show all (2) 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) 95 $27,865,000 $293,316 $3,292 4.58%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 5 $1,715,000 $343,000 $3,136 4.10%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 4 $920,000 $230,000 $3,275 5.41%
    HUNTSVILLE, AL (FHA|USDA|VA) 1 $335,000 $335,000 $3,037 4.88%
    Outside of Metro Areas 1 $285,000 $285,000 $2,869 2.75%
    TUSCALOOSA, AL (FHA|USDA|VA) 1 $145,000 $145,000 $3,173 5.13%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $115,000 $115,000 $1,685 4.99%
    Liberty Mortgage Corporation's top markets include Birmingham, Auburn, Talladega, Huntsville, and Tuscaloosa 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: 343
    MAX Credit Union
    Similarity Rank: 345
    Eco Credit Union
    Similarity Rank: 392
    Jefferson Credit Union
    Similarity Rank: 555
    AVADIAN
    Similarity Rank: 609
    APCO EMPLOYEES
    Similarity Rank: 700
    AMERICA'S FIRST
    Similarity Rank: 1190
    Alabama One Credit Union
    Similarity Rank: 1292
    Bryant Bank
    Similarity Rank: 1470
    ALABAMA CREDIT UNION
    Similarity Rank: 1767

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 108 $31,380,000 $290,556 $3,262 4.58%

    For 2022, Liberty Mortgage Corporation's most frequently originated type of loan was Conventional, with 108 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 74 $21,460,000 $290,000 $3,101 4.68%
    Cash Out Refi 27 $7,115,000 $263,519 $3,473 4.42%
    Refi 7 $2,805,000 $400,714 $4,146 4.18%

    For 2022, Liberty Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 74 originations. The 2nd most popular reason was Cash Out Refi, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 100 $29,470,000 $294,700 $3,256 4.59%
    15 Year 6 $1,370,000 $228,333 $2,836 4.56%
    20 Year 2 $540,000 $270,000 $4,855 4.25%

    For 2022, Liberty Mortgage Corporation's most frequently cited loan duration was 30 Year, with 100 originations. The 2nd most popular length was 15 Year, with 6 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 106 $30,580,000 $288,491
    $1k-2k 2 $800,000 $400,000

    Liberty Mortgage Corporation's average total fees were $3,256, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 106 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 42 $12,580,000 $299,524
    5-6% 31 $8,485,000 $273,710
    4-5% 23 $6,875,000 $298,913
    6-7% 5 $1,225,000 $245,000
    2.5-3% 4 $1,890,000 $472,500
    7-8% 3 $325,000 $108,333

    During 2022, Liberty Mortgage Corporation's average interest rate for loans was 4.59%, while their most frequently originated rate bucket for loans was 3-4%, with 42 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 55 $16,195,000 $294,455 $3,277 4.56%
    $100k-200k 23 $3,475,000 $151,087 $2,970 4.67%
    $400k-600k 16 $7,210,000 $450,625 $3,453 4.22%
    $100,000 or less 8 $700,000 $87,500 $3,283 5.64%
    $600k-1MM 6 $3,800,000 $633,333 $3,710 4.02%

    2022 saw Liberty Mortgage Corporation place emphasis on $200k-400k loans with 55 originations, totaling $16,195,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 30 $9,370,000 $312,333 $3,262 4.47%
    $150k-250k 27 $10,465,000 $387,593 $3,399 4.63%
    $50k-75k 21 $5,025,000 $239,286 $3,501 4.56%
    $75k-100k 17 $4,415,000 $259,706 $2,850 4.85%
    $50k or less 12 $1,730,000 $144,167 $3,148 4.42%
    $250k+ 1 $375,000 $375,000 $2,896 4.50%

    Liberty Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 30 originations. The second most popular income band? $150k-250k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 33 $9,905,000 $300,152 $3,369 4.36%
    30-36% 18 $5,030,000 $279,444 $2,683 4.72%
    <20% 9 $2,635,000 $292,778 $2,432 3.88%
    37% 9 $2,075,000 $230,556 $3,925 4.60%
    39% 8 $2,610,000 $326,250 $4,816 4.97%
    41% 6 $1,780,000 $296,667 $3,492 4.71%
    45% 4 $1,170,000 $292,500 $1,904 4.53%
    47% 4 $1,170,000 $292,500 $2,136 5.22%
    42% 4 $1,830,000 $457,500 $2,723 4.88%
    50-60% 3 $565,000 $188,333 $4,102 4.96%
    43% 3 $615,000 $205,000 $5,486 4.96%
    44% 2 $440,000 $220,000 $4,597 5.81%
    38% 1 $345,000 $345,000 $2,923 4.13%
    46% 1 $295,000 $295,000 $2,051 3.50%
    36% 1 $385,000 $385,000 $990 4.88%
    49% 1 $315,000 $315,000 $2,332 3.75%
    40% 1 $215,000 $215,000 $2,820 5.75%

    Liberty Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 33 originations. The next most common DTI ratio? 30-36%, with 18 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 97 $28,535,000 $294,175 $3,326 4.61%
    Black 4 $1,270,000 $317,500 $2,540 4.34%
    Asian 5 $975,000 $195,000 $3,115 4.53%
    Not provided 2 $600,000 $300,000 $1,943 4.00%

    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 108 $31,380,000 $290,556

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    108 $31,380,000 $290,556

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $270,000 $135,000 $2,609 4.69%
    40-60% 6 $1,740,000 $290,000 $3,115 3.92%
    60-80% 45 $13,375,000 $297,222 $3,175 4.80%
    80-100% 54 $15,750,000 $291,667 $3,333 4.49%
    Over 100% 1 $245,000 $245,000 $5,552 3.88%