Libertyone Credit Union Mortgage Rates, Fees & Info

Arlington, TX

LEI: 5493002EOK9UP4QZ5N22

Tax ID: 75-0297300

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • 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

    Libertyone Credit Union is a smaller credit union specializing in Home Improvement loans. Libertyone Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, San Antonio, Longview, Houston, and Lubbock among others. We have data for 6 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 a below 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    15 Year Conventional Purchase 5.68% 12/16/24
    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

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

    This is not an official calculator from Libertyone Credit Union. 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

    90

    Origination Dollar Volume (All Markets)

    $4,880,000

    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
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 84 $4,500,000 $53,571 $196 4.75%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $200,000 $100,000 $0 4.25%
    LONGVIEW, TX (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.25%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.00%
    Outside of Metro Areas 1 $35,000 $35,000 $0 8.75%
    LUBBOCK, TX (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.50%
    Libertyone Credit Union's top markets include Dallas, San Antonio, Longview, Houston, and Lubbock among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 90 $4,880,000 $54,222 $196 4.77%

    For 2018, Libertyone Credit Union's most frequently originated type of loan was Conventional, with 90 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 74 $3,730,000 $50,405 $0 4.75%
    Other 7 $295,000 $42,143 $196 5.57%
    Cash Out Refi 7 $695,000 $99,286 $0 4.30%
    Refi 2 $160,000 $80,000 $0 4.52%

    For 2018, Libertyone Credit Union's most frequently cited loan purpose was Home Improvement, with 74 originations. The 2nd most popular reason was Other, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 44 $3,370,000 $76,591 $0 5.02%
    Other 31 $1,065,000 $34,355 $0 4.47%
    10 Year 9 $295,000 $32,778 $196 5.28%
    5 Year 6 $150,000 $25,000 $0 3.79%

    For 2018, Libertyone Credit Union's most frequently cited loan duration was 15 Year, with 44 originations. The 2nd most popular length was Other, with 31 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 30 $1,700,000 $56,667
    3-4% 25 $1,205,000 $48,200
    5-6% 22 $1,500,000 $68,182
    6-7% 7 $175,000 $25,000
    2.5-3% 4 $220,000 $55,000
    7-8% 1 $45,000 $45,000
    Over 8% 1 $35,000 $35,000

    During 2018, Libertyone Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 30 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 79 $3,235,000 $40,949 $196 4.77%
    $100k-200k 10 $1,330,000 $133,000 $0 4.88%
    $200k-400k 1 $315,000 $315,000 $0 4.13%

    2018 saw Libertyone Credit Union place emphasis on $100,000 or less loans with 79 originations, totaling $3,235,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 34 $1,880,000 $55,294 $0 4.59%
    $50k-75k 18 $920,000 $51,111 $196 4.88%
    $75k-100k 13 $615,000 $47,308 $0 5.29%
    $150k-250k 12 $580,000 $48,333 $0 4.76%
    $50k or less 11 $475,000 $43,182 $0 4.70%
    $250k+ 2 $410,000 $205,000 $0 4.06%

    Libertyone Credit Union lent most frequently to those with incomes in the $100k-150k range, with 34 originations. The second most popular income band? $50k-75k, with 18 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 39 $2,635,000 $67,564 $0 4.86%
    White 36 $1,470,000 $40,833 $0 4.64%
    Black 15 $775,000 $51,667 $196 4.86%

    Approval Rates

    Total approvals of all applications
    91.38%

    Libertyone Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.78%

    Libertyone Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 90 $4,880,000 $54,222

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 90 $4,880,000 $54,222

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $870,000 $48,333 $196 5.13%
    40-60% 13 $1,045,000 $80,385 $0 4.55%
    60-80% 10 $1,340,000 $134,000 $0 4.84%
    80-100% 1 $65,000 $65,000 $0 5.25%
    Over 100% 1 $105,000 $105,000 $0 4.00%
    Under 20% 47 $1,455,000 $30,957 $0 4.70%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Liberty Home Equity Solutions, Inc. Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    Liberty Home Equity Solutions, Inc. Reverse mortgage Struggling to pay mortgage 1 50.0%