First Liberty Bank Mortgage Rates, Fees & Info
Oklahoma City, OKLEI: 5493005WCUTOOZMTV053
Tax ID: 73-0351620
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Mortgage Data
Review & Overview
First Liberty Bank is a smaller bank specializing in Home Purchase loans. First Liberty Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Oklahoma City, Dallas, Tulsa, Nashville, and Shawnee among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)First Liberty Bank 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. First Liberty Bank is typically an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.73% | 12/10/23 |
| 30 Year Conventional Refi | 6.40% | 12/10/23 |
| 30 Year Cash-out Refi | 6.74% | 12/10/23 |
| 30 Year FHA Purchase | 7.36% | 12/10/23 |
| 30 Year VA Purchase | 6.63% | 12/10/23 |
| 15 Year Conventional Purchase | 7.41% | 12/10/23 |
| 15 Year Conventional Refi | 6.00% | 12/10/23 |
| 15 Year Cash-out Refi | 6.00% | 12/10/23 |
| 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. | ||
First Liberty Bank Mortgage Calculator
Your Estimates
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This is not an official calculator from First Liberty Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
318Origination Dollar Volume (All Markets)
$86,950,000Relative Rate
First Liberty Bank's average 30 year fixed mortgage rate was
4.95%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.19%.
Relative Fees (Closing Costs)
First Liberty Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,918.
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 $4,750.
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 |
|---|---|---|---|---|---|
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 275 | $69,825,000 | $253,909 | $5,113 | 5.26% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $5,105,000 | $1,021,000 | $16,264 | 4.18% |
| TULSA, OK (FHA|USDA|VA) | 10 | $3,100,000 | $310,000 | $5,578 | 4.81% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $2,250,000 | $1,125,000 | $34,511 | 4.19% |
| Shawnee, OK (FHA|USDA|VA) | 8 | $1,370,000 | $171,250 | $5,377 | 5.02% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $17,323 | 5.50% |
| Outside of Metro Areas | 3 | $995,000 | $331,667 | $7,452 | 4.96% |
| Durango, CO (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 4.25% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $10,347 | 5.50% |
| Ardmore, OK (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $6,452 | 5.19% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $7,651 | 3.50% |
| Stillwater, OK (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,847 | 4.56% |
| Duncan, OK (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,693 | 3.00% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,896 | 2.88% |
| Marinette, WI-MI (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 4.81% |
| ENID, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 3.63% |
| Bartlesville, OK (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,163 | 3.38% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 290 | $79,230,000 | $273,207 | $5,530 | 5.21% |
| FHA | 17 | $4,025,000 | $236,765 | $9,347 | 4.83% |
| VA | 11 | $3,695,000 | $335,909 | $6,646 | 4.91% |
For 2022, First Liberty Bank's most frequently originated type of loan was Conventional, with 290 originations. Their 2nd most popular type was FHA, with 17 originations.
Loan Reason
For 2022, First Liberty Bank's most frequently cited loan purpose was Home Purchase, with 261 originations. The 2nd most popular reason was Refi, with 27 originations.
Loan Duration/Length
For 2022, First Liberty Bank's most frequently cited loan duration was 30 Year, with 203 originations. The 2nd most popular length was 5 Year, with 40 originations.
Origination Fees/Closing Costs
First Liberty Bank's average total fees were $5,918, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 91 originations.
Interest Rates
During 2022, First Liberty Bank's average interest rate for loans was 4.95%, while their most frequently originated rate bucket for loans was 4-5%, with 108 originations.
Loan Sizing
2022 saw First Liberty Bank place emphasis on $100k-200k loans with 115 originations, totaling $17,095,000 in origination value.
Applicant Income
First Liberty Bank lent most frequently to those with incomes in the $100k-150k range, with 56 originations. The second most popular income band? $150k-250k, with 47 originations.
Applicant Debt to Income Ratio
First Liberty Bank lent most frequently to those with DTI ratios of 20-30%, with 49 originations. The next most common DTI ratio? 30-36%, with 36 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.68%
First Liberty Bank has an average approval rate.
Pick Rate
Approvals leading to origination60.69%
First Liberty Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 318 | $86,950,000 | $273,428 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST CITIZENS BANCSHARES, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |