Liberty Bank For Savings Mortgage Rates, Fees & Info

Chicago, IL

LEI: 5493000TY1MM1LLTM666

Tax ID: 36-1385954

5 stars - Updated: 6/22/25 - out of 5 stars, based on 14 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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 Bank For Savings is a smaller bank specializing in Home Purchase loans. Liberty Bank For Savings has a high proportion of conventional loans. Their top (well, only) market is Chicago.

    Liberty Bank For Savings has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Liberty Bank For Savings 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 6.47% 6/22/25
    30 Year Conventional Refi 6.12% 6/22/25
    30 Year Cash-out Refi 6.96% 6/22/25
    15 Year Conventional Purchase 5.72% 6/22/25
    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 Bank For Savings Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Liberty Bank For Savings. 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

    189

    Origination Dollar Volume (All Markets)

    $99,645,000

    Awards

    Liberty Bank for Savings 30 Year Conventional Loans gold Liberty Bank for Savings 30 Year Conventional Loans gold
    Show all (2) awards

    Relative Rate

    Liberty Bank For Savings's average 30 year fixed mortgage rate was 6.1%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.45%.

    Relative Fees (Closing Costs)

    Liberty Bank For Savings's average total fees/closing costs for a 30 year fixed rate mortgage were $5,565.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 189 $99,645,000 $527,222 $5,476 6.14%
    Liberty Bank For Savings's top markets include and Chicago among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Liberty Bank for Savings based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Savings Bank of Hegewisch
    Similarity Rank: 36
    Liberty Bank for Savings
    Similarity Rank: 79
    FINANCIAL PLUS
    Similarity Rank: 288
    DuPage Credit Union
    Similarity Rank: 560
    First Financial Credit Union
    Similarity Rank: 786
    EDUCATORS CREDIT UNION
    Similarity Rank: 840
    Grundy Bank
    Similarity Rank: 1098
    WISCONSIN MORTGAGE CORPORATION
    Similarity Rank: 1116
    CROWN MORTGAGE COMPANY
    Similarity Rank: 1266
    Marquette Bank
    Similarity Rank: 1490

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 189 $99,645,000 $527,222 $5,476 6.14%

    For 2024, Liberty Bank For Savings's most frequently originated type of loan was Conventional, with 189 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 158 $83,940,000 $531,266 $6,043 6.16%
    Refi 20 $11,580,000 $579,000 $2,618 5.81%
    Cash Out Refi 9 $3,915,000 $435,000 $3,295 6.58%
    Home Improvement 2 $210,000 $105,000 $2,839 6.06%

    For 2024, Liberty Bank For Savings's most frequently cited loan purpose was Home Purchase, with 158 originations. The 2nd most popular reason was Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 156 $77,820,000 $498,846 $5,565 6.10%
    5 Year 21 $16,235,000 $773,095 $0 6.52%
    20 Year 8 $4,780,000 $597,500 $4,283 6.13%
    10 Year 3 $535,000 $178,333 $3,573 5.83%
    15 Year 1 $275,000 $275,000 $6,124 5.75%

    For 2024, Liberty Bank For Savings's most frequently cited loan duration was 30 Year, with 156 originations. The 2nd most popular length was 5 Year, with 21 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 113 $56,595,000 $500,841
    $1k-2k 44 $23,330,000 $530,227
    $3k-4k 2 $840,000 $420,000
    $2k-3k 1 $175,000 $175,000
    $4k-5k 1 $195,000 $195,000

    Liberty Bank For Savings's average total fees were $5,565, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 113 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 92 $44,370,000 $482,283
    5-6% 89 $51,885,000 $582,978
    7-8% 8 $3,390,000 $423,750

    During 2024, Liberty Bank For Savings's average interest rate for loans was 6.10%, while their most frequently originated rate bucket for loans was 6-7%, with 92 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 54 $15,620,000 $289,259 $5,266 6.15%
    $400k-600k 50 $24,500,000 $490,000 $5,501 6.13%
    $600k-1MM 47 $36,675,000 $780,319 $6,059 6.03%
    $100k-200k 19 $2,835,000 $149,211 $4,688 6.53%
    $1MM+ 15 $19,685,000 $1,312,333 $5,964 6.08%
    $100,000 or less 4 $330,000 $82,500 $3,809 5.91%

    2024 saw Liberty Bank For Savings place emphasis on $200k-400k loans with 54 originations, totaling $15,620,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 64 $29,500,000 $460,938 $5,470 6.08%
    $250k+ 60 $43,420,000 $723,667 $5,922 6.00%
    $100k-150k 23 $6,615,000 $287,609 $5,048 6.16%
    $50k-75k 12 $2,180,000 $181,667 $4,706 6.47%
    $75k-100k 8 $1,500,000 $187,500 $4,956 5.98%

    Liberty Bank For Savings lent most frequently to those with incomes in the $150k-250k range, with 64 originations. The second most popular income band? $250k+, with 60 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 53 $27,195,000 $513,113 $5,501 6.20%
    30-36% 38 $16,870,000 $443,947 $5,365 6.00%
    <20% 16 $6,640,000 $415,000 $5,226 6.18%
    43% 9 $4,875,000 $541,667 $6,416 6.17%
    42% 8 $4,100,000 $512,500 $5,713 5.91%
    36% 7 $4,375,000 $625,000 $5,569 5.89%
    40% 6 $2,420,000 $403,333 $6,171 6.29%
    38% 6 $2,210,000 $368,333 $5,233 6.10%
    44% 5 $3,815,000 $763,000 $5,878 6.15%
    37% 5 $2,695,000 $539,000 $5,257 6.00%
    41% 5 $1,935,000 $387,000 $3,948 6.08%
    45% 5 $3,525,000 $705,000 $5,508 6.08%
    39% 3 $1,445,000 $481,667 $4,817 5.58%
    48% 1 $1,105,000 $1,105,000 $6,848 5.75%
    46% 1 $205,000 $205,000 $5,351 5.88%

    Liberty Bank For Savings lent most frequently to those with DTI ratios of 20-30%, with 53 originations. The next most common DTI ratio? 30-36%, with 38 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 116 $57,340,000 $494,310 $5,379 6.12%
    Not provided 40 $21,640,000 $541,000 $5,540 6.12%
    Not applicable 15 $11,455,000 $763,667 $0 6.49%
    Asian 12 $6,030,000 $502,500 $5,893 6.10%
    Asian Indian 3 $1,475,000 $491,667 $7,015 5.83%
    Black 2 $1,020,000 $510,000 $6,066 6.31%
    Filipino 1 $685,000 $685,000 $6,798 5.50%

    Approval Rates

    Total approvals of all applications
    89.94%

    Liberty Bank For Savings has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.49%

    Liberty Bank For Savings has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 189 $99,645,000 $527,222

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    189 $99,645,000 $527,222

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $3,035,000 $233,462 $4,179 6.13%
    40-60% 23 $10,535,000 $458,043 $5,912 6.21%
    60-80% 108 $63,760,000 $590,370 $5,369 6.12%
    80-100% 44 $22,210,000 $504,773 $5,928 6.18%
    Under 20% 1 $105,000 $105,000 $2,363 5.63%