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 and Cash Out Refi loans. Libertyone Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Sherman, Longview, and Tyler among others. We have data for 5 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% 5/4/24
    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

    113

    Origination Dollar Volume (All Markets)

    $7,645,000

    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) 105 $7,175,000 $68,333 $0 4.71%
    Outside of Metro Areas 5 $355,000 $71,000 $0 4.60%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.25%
    LONGVIEW, TX (FHA|USDA|VA) 1 $15,000 $15,000 $0 7.00%
    TYLER, TX (FHA|USDA|VA) 1 $15,000 $15,000 $0 3.00%
    Libertyone Credit Union's top markets include Dallas, Sherman, Longview, and Tyler among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 113 $7,645,000 $67,655 $0 4.70%

    For 2019, Libertyone Credit Union's most frequently originated type of loan was Conventional, with 113 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 86 $4,580,000 $53,256 $0 4.79%
    Cash Out Refi 15 $1,795,000 $119,667 $0 4.31%
    Refi 10 $840,000 $84,000 $0 4.55%
    Home Purchase 2 $430,000 $215,000 $0 4.73%

    For 2019, Libertyone Credit Union's most frequently cited loan purpose was Home Improvement, with 86 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 53 $4,935,000 $93,113 $0 5.00%
    Other 44 $1,830,000 $41,591 $0 4.29%
    5 Year 10 $370,000 $37,000 $0 4.50%
    10 Year 6 $510,000 $85,000 $0 5.38%

    For 2019, Libertyone Credit Union's most frequently cited loan duration was 15 Year, with 53 originations. The 2nd most popular length was Other, with 44 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 42 $2,890,000 $68,810
    3-4% 33 $2,445,000 $74,091
    5-6% 18 $1,270,000 $70,556
    2.5-3% 7 $565,000 $80,714
    6-7% 5 $125,000 $25,000
    7-8% 4 $180,000 $45,000
    Over 8% 4 $170,000 $42,500

    During 2019, 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 42 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 94 $4,470,000 $47,553 $0 4.77%
    $100k-200k 15 $2,005,000 $133,667 $0 4.58%
    $200k-400k 3 $765,000 $255,000 $0 3.54%
    $400k-600k 1 $405,000 $405,000 $0 4.00%

    2019 saw Libertyone Credit Union place emphasis on $100,000 or less loans with 94 originations, totaling $4,470,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 32 $2,300,000 $71,875 $0 4.29%
    $75k-100k 29 $1,565,000 $53,966 $0 5.25%
    $50k-75k 23 $1,415,000 $61,522 $0 4.86%
    $150k-250k 15 $1,195,000 $79,667 $0 4.32%
    $50k or less 12 $640,000 $53,333 $0 4.69%
    $250k+ 2 $530,000 $265,000 $0 4.50%

    Libertyone Credit Union lent most frequently to those with incomes in the $100k-150k range, with 32 originations. The second most popular income band? $75k-100k, with 29 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 44 $3,170,000 $72,045 $0 4.60%
    White 36 $2,730,000 $75,833 $0 4.53%
    Black 32 $1,690,000 $52,813 $0 4.92%
    Asian Indian 1 $55,000 $55,000 $0 8.25%

    Approval Rates

    Total approvals of all applications
    95.31%

    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 origination
    92.92%

    Libertyone Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 113 $7,645,000 $67,655

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 113 $7,645,000 $67,655

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 37 $2,045,000 $55,270 $0 4.82%
    40-60% 15 $1,565,000 $104,333 $0 4.87%
    60-80% 15 $1,725,000 $115,000 $0 4.63%
    80-100% 5 $735,000 $147,000 $0 4.12%
    Under 20% 41 $1,575,000 $38,415 $0 4.63%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Liberty Finance Co., Inc. Conventional home mortgage Struggling to pay mortgage 1 100.0%