Liberty Trust & Savings Bank Mortgage Rates, Fees & Info

Durant, IA

LEI: 25490098IO3YI0XADR55

Tax ID: 42-0379440

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 Trust & Savings Bank is a smaller bank specializing in Refi and Home Purchase loans. Liberty Trust & Savings Bank has a high proportion of conventional loans. Their top (well, only) market is Davenport.

    Liberty Trust & Savings Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    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.


    Originations

    31

    Origination Dollar Volume (All Markets)

    $2,705,000

    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
    Outside of Metro Areas 23 $1,815,000 $78,913 $0 0.00%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 8 $890,000 $111,250 $0 0.00%
    Liberty Trust & Savings Bank's top markets include and Davenport among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 31 $2,705,000 $87,258 $0 0.00%

    For 2019, Liberty Trust & Savings Bank's most frequently originated type of loan was Conventional, with 31 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 13 $1,025,000 $78,846 $0 0.00%
    Home Purchase 12 $1,430,000 $119,167 $0 0.00%
    Other 4 $90,000 $22,500 $0 0.00%
    Home Improvement 2 $160,000 $80,000 $0 0.00%

    For 2019, Liberty Trust & Savings Bank's most frequently cited loan purpose was Refi, with 13 originations. The 2nd most popular reason was Home Purchase, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 31 $2,705,000 $87,258 $0 0.00%

    For 2019, Liberty Trust & Savings Bank's most frequently cited loan duration was Other, with 31 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 22 $1,070,000 $48,636 $0 0.00%
    $100k-200k 7 $1,115,000 $159,286 $0 0.00%
    $200k-400k 2 $520,000 $260,000 $0 0.00%

    2019 saw Liberty Trust & Savings Bank place emphasis on $100,000 or less loans with 22 originations, totaling $1,070,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 9 $865,000 $96,111 $0 0.00%
    $50k or less 9 $385,000 $42,778 $0 0.00%
    $150k-250k 3 $415,000 $138,333 $0 0.00%
    $250k+ 3 $395,000 $131,667 $0 0.00%
    $100k-150k 2 $310,000 $155,000 $0 0.00%
    $75k-100k 1 $15,000 $15,000 $0 0.00%

    Liberty Trust & Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 9 originations. The second most popular income band? $50k or less, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 31 $2,705,000 $87,258 $0 0.00%

    Liberty Trust & Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 31 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 27 $2,385,000 $88,333 $0 0.00%
    Not applicable 4 $320,000 $80,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.06%

    Liberty Trust & Savings Bank 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
    93.55%

    Liberty Trust & Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 31 $2,705,000 $87,258

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $165,000 $165,000
    Single Family (1-4 Units):Site-Built 30 $2,540,000 $84,667

    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%