Libertyone Credit Union Mortgage Rates, Fees & Info
Arlington, TXLEI: 5493002EOK9UP4QZ5N22
Tax ID: 75-0297300
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Mortgage Data
Review & Overview
Libertyone Credit Union is a smaller credit union specializing in Cash Out Refi loans. Libertyone Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Plainview, Athens, Texarkana, and Tyler among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Libertyone Credit Union 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 15 Year Conventional Purchase | 5.68% | 4/21/24 |
| 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. | ||
Libertyone Credit Union Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
91Origination Dollar Volume (All Markets)
$9,495,000Top 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 81 | $8,895,000 | $109,815 | $0 | 7.53% |
| Outside of Metro Areas | 1 | $135,000 | $135,000 | $0 | 5.75% |
| Plainview, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.47% |
| Athens, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.49% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.34% |
| TYLER, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.99% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.79% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 9.29% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.59% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.09% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.29% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 91 | $9,495,000 | $104,341 | $0 | 7.50% |
For 2023, Libertyone Credit Union's most frequently originated type of loan was Conventional, with 91 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 91 | $9,495,000 | $104,341 | $0 | 7.50% |
For 2023, Libertyone Credit Union's most frequently cited loan purpose was Cash Out Refi, with 91 originations.
Loan Duration/Length
For 2023, Libertyone Credit Union's most frequently cited loan duration was 15 Year, with 64 originations. The 2nd most popular length was 10 Year, with 10 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 32 | $4,030,000 | $125,938 |
| 7-8% | 24 | $2,770,000 | $115,417 |
| Over 8% | 24 | $1,920,000 | $80,000 |
| 5-6% | 8 | $580,000 | $72,500 |
| 4-5% | 3 | $195,000 | $65,000 |
During 2023, Libertyone Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 32 originations.
Loan Sizing
2023 saw Libertyone Credit Union place emphasis on $100,000 or less loans with 54 originations, totaling $2,810,000 in origination value.
Applicant Income
Libertyone Credit Union lent most frequently to those with incomes in the $100k-150k range, with 35 originations. The second most popular income band? $50k-75k, with 21 originations.
Applicant Debt to Income Ratio
Libertyone Credit Union lent most frequently to those with DTI ratios of 50-60%, with 15 originations. The next most common DTI ratio? 20-30%, with 14 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.92%
Libertyone Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination98.90%
Libertyone Credit Union 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 |
|---|---|---|---|
| NA | 91 | $9,495,000 | $104,341 |