Liberty Bank Mortgage Rates, Fees & Info
Ironton, OHLEI: 254900Q1G2KB2C5CMN65
Tax ID: 31-4234765
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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 two markets are Huntington and Portsmouth .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
18Origination Dollar Volume (All Markets)
$2,360,000Top 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 |
|---|---|---|---|---|---|
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 17 | $2,295,000 | $135,000 | $0 | 0.00% |
| Portsmouth, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Liberty Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 18 | $2,360,000 | $131,111 | $0 | 0.00% |
For 2023, Liberty Bank's most frequently originated type of loan was Conventional, with 18 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 13 | $1,335,000 | $102,692 | $0 | 0.00% |
| Home Purchase | 5 | $1,025,000 | $205,000 | $0 | 0.00% |
For 2023, Liberty Bank's most frequently cited loan purpose was Refi, with 13 originations. The 2nd most popular reason was Home Purchase, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 18 | $2,360,000 | $131,111 | $0 | 0.00% |
For 2023, Liberty Bank's most frequently cited loan duration was Other, with 18 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 9 | $555,000 | $61,667 | $0 | 0.00% |
| $100k-200k | 6 | $830,000 | $138,333 | $0 | 0.00% |
| $200k-400k | 3 | $975,000 | $325,000 | $0 | 0.00% |
2023 saw Liberty Bank place emphasis on $100,000 or less loans with 9 originations, totaling $555,000 in origination value.
Applicant Income
Liberty Bank lent most frequently to those with incomes in the $50k-75k range, with 7 originations. The second most popular income band? $100k-150k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 18 | $2,360,000 | $131,111 | $0 | 0.00% |
Liberty Bank lent most frequently to those with DTI ratios of Exempt%, with 18 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 18 | $2,360,000 | $131,111 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
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 origination94.44%
Liberty Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 18 | $2,360,000 | $131,111 |