Libertyone Credit Union Mortgage Rates, Fees & Info
Arlington, TXLEI: 5493002EOK9UP4QZ5N22
Tax ID: 75-0297300
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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, Athens, Houston, San Antonio, and Huntsville 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 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% | 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
62Origination Dollar Volume (All Markets)
$7,060,000Top 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) | 54 | $6,030,000 | $111,667 | $0 | 3.74% |
| Outside of Metro Areas | 2 | $400,000 | $200,000 | $0 | 3.04% |
| Athens, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 3.39% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $0 | 3.36% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 2.69% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.39% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 62 | $7,060,000 | $113,871 | $0 | 3.68% |
For 2021, Libertyone Credit Union's most frequently originated type of loan was Conventional, with 62 originations.
Loan Reason
For 2021, Libertyone Credit Union's most frequently cited loan purpose was Home Improvement, with 37 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.
Loan Duration/Length
For 2021, Libertyone Credit Union's most frequently cited loan duration was 15 Year, with 28 originations. The 2nd most popular length was Other, with 14 originations.
Interest Rates
During 2021, Libertyone Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 35 originations.
Loan Sizing
2021 saw Libertyone Credit Union place emphasis on $100,000 or less loans with 34 originations, totaling $1,750,000 in origination value.
Applicant Income
Libertyone Credit Union lent most frequently to those with incomes in the $100k-150k range, with 24 originations. The second most popular income band? $150k-250k, with 14 originations.
Applicant Debt to Income Ratio
Libertyone Credit Union lent most frequently to those with DTI ratios of 20-30%, with 16 originations. The next most common DTI ratio? <20%, with 12 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 origination98.39%
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 | 62 | $7,060,000 | $113,871 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Liberty Home Mortgage Corporation | Conventional home mortgage | Closing on a mortgage | 1 | 20.0% |
| Liberty Home Mortgage Corporation | FHA mortgage | Closing on a mortgage | 1 | 20.0% |
| Liberty Home Mortgage Corporation | FHA mortgage | Trouble during payment process | 1 | 20.0% |
| Liberty Home Mortgage Corporation | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |
| Liberty Home Mortgage Corporation | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |