Liberty Bank Mortgage Rates, Fees & Info
Geraldine, ALLEI: 254900GYV99GSRS94462
Tax ID: 63-0595512
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Liberty Bank is a smaller bank specializing in Refi and Home Purchase loans. Liberty Bank has a high proportion of conventional loans. Their top markets by origination volume include: Albertville, Fort Payne, Gadsden, Birmingham, and Daphne among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Liberty 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.
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Originations
184Origination Dollar Volume (All Markets)
$24,980,000Top 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 |
|---|---|---|---|---|---|
| Albertville, AL (FHA|USDA|VA) | 69 | $13,825,000 | $200,362 | $0 | 0.00% |
| Fort Payne, AL (FHA|USDA|VA) | 77 | $5,415,000 | $70,325 | $0 | 0.00% |
| GADSDEN, AL (FHA|USDA|VA) | 16 | $2,230,000 | $139,375 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 7 | $925,000 | $132,143 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $420,000 | $105,000 | $0 | 0.00% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 0.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Oxford, MS (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 184 | $24,980,000 | $135,761 | $0 | 0.00% |
For 2022, Liberty Bank's most frequently originated type of loan was Conventional, with 184 originations.
Loan Reason
For 2022, Liberty Bank's most frequently cited loan purpose was Refi, with 95 originations. The 2nd most popular reason was Home Purchase, with 66 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 184 | $24,980,000 | $135,761 | $0 | 0.00% |
For 2022, Liberty Bank's most frequently cited loan duration was Other, with 184 originations.
Loan Sizing
2022 saw Liberty Bank place emphasis on $100,000 or less loans with 107 originations, totaling $4,895,000 in origination value.
Applicant Income
Liberty Bank lent most frequently to those with incomes in the $50k or less range, with 54 originations. The second most popular income band? $50k-75k, with 33 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 184 | $24,980,000 | $135,761 | $0 | 0.00% |
Liberty Bank lent most frequently to those with DTI ratios of Exempt%, with 184 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.48%
Liberty 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 origination96.20%
Liberty Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 184 | $24,980,000 | $135,761 |