First Liberty Bank Mortgage Rates, Fees & Info

Oklahoma City, OK

LEI: 5493005WCUTOOZMTV053

Tax ID: 73-0351620

5 stars - Updated: 12/6/24 - out of 5 stars, based on 14 reviews

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

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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 an average proportion of FHA loans. Their top markets by origination volume include: Oklahoma City, Dallas, San Antonio, Victoria, and Tulsa among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Liberty Bank has an 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 relatively high 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.73% 12/6/24
30 Year Conventional Refi 6.40% 12/6/24
30 Year Cash-out Refi 6.74% 12/6/24
30 Year FHA Purchase 7.36% 12/6/24
30 Year VA Purchase 6.63% 12/6/24
15 Year Conventional Purchase 7.41% 12/6/24
15 Year Conventional Refi 6.00% 12/6/24
15 Year Cash-out Refi 6.00% 12/6/24
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.

First Liberty Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from First Liberty Bank. 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

200

Origination Dollar Volume (All Markets)

$52,010,000

Relative Rate

First Liberty Bank's average 30 year fixed mortgage rate was 6.91%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.43%.

Relative Fees (Closing Costs)

First Liberty Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $6,920.

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 $9,089.

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) 154 $36,940,000 $239,870 $5,550 7.52%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 14 $5,720,000 $408,571 $10,706 6.36%
Outside of Metro Areas 5 $1,195,000 $239,000 $5,333 6.50%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $1,085,000 $1,085,000 $21,386 8.50%
VICTORIA, TX (FHA|USDA|VA) 1 $905,000 $905,000 $16,845 7.00%
TULSA, OK (FHA|USDA|VA) 3 $765,000 $255,000 $7,323 8.08%
Shawnee, OK (FHA|USDA|VA) 4 $670,000 $167,500 $5,852 8.22%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $565,000 $565,000 $17,128 5.99%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $535,000 $535,000 $4,774 6.50%
Stillwater, OK (FHA|USDA|VA) 1 $525,000 $525,000 $6,968 6.38%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $490,000 $245,000 $4,601 6.37%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $415,000 $415,000 $16,420 6.99%
Durant, OK (FHA|USDA|VA) 1 $395,000 $395,000 $6,402 6.75%
Ada, OK (FHA|USDA|VA) 1 $325,000 $325,000 $5,075 6.75%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $325,000 $325,000 $10,851 6.25%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $265,000 $265,000 $8,465 5.99%
LAREDO, TX (FHA|USDA|VA) 2 $240,000 $120,000 $5,327 3.31%
SHERMAN-DENISON, TX (FHA|USDA|VA) 2 $220,000 $110,000 $2,849 4.00%
TEXARKANA, TX-AR (FHA|USDA|VA) 1 $185,000 $185,000 $4,002 7.49%
Ardmore, OK (FHA|USDA|VA) 1 $175,000 $175,000 $3,361 7.38%
Altus, OK (FHA|USDA|VA) 2 $70,000 $35,000 $1,970 6.63%
First Liberty Bank's top markets include Oklahoma City, Dallas, San Antonio, Victoria, and Tulsa among others.

Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 175 $45,355,000 $259,171 $5,724 7.41%
    FHA 17 $4,465,000 $262,647 $10,161 6.66%
    VA 8 $2,190,000 $273,750 $8,112 6.27%

    For 2023, First Liberty Bank's most frequently originated type of loan was Conventional, with 175 originations. Their 2nd most popular type was FHA, with 17 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 178 $45,880,000 $257,753 $6,129 7.27%
    Cash Out Refi 14 $2,940,000 $210,000 $9,555 7.52%
    Other 5 $2,195,000 $439,000 $9,883 7.30%
    Refi 2 $910,000 $455,000 $12,515 6.75%
    Home Improvement 1 $85,000 $85,000 $0 9.25%

    For 2023, First Liberty Bank's most frequently cited loan purpose was Home Purchase, with 178 originations. The 2nd most popular reason was Cash Out Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 118 $33,500,000 $283,898 $6,920 6.91%
    Other 32 $7,620,000 $238,125 $12,242 8.56%
    5 Year 23 $8,665,000 $376,739 $0 8.23%
    10 Year 22 $1,920,000 $87,273 $198 7.64%
    3 Year 3 $15,000 $5,000 $244 0.00%
    15 Year 1 $135,000 $135,000 $0 6.50%
    1 Year 1 $155,000 $155,000 $433 7.37%

    For 2023, First Liberty Bank's most frequently cited loan duration was 30 Year, with 118 originations. The 2nd most popular length was Other, with 32 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 36 $7,790,000 $216,389
    $5k+ 21 $12,095,000 $575,952
    $1k-2k 19 $3,945,000 $207,632
    $2k-3k 13 $4,295,000 $330,385
    $3k-4k 11 $3,625,000 $329,545
    $4k-5k 8 $2,880,000 $360,000

    First Liberty Bank's average total fees were $6,920, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 36 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 64 $20,000,000 $312,500
    Over 8% 61 $15,695,000 $257,295
    7-8% 47 $11,905,000 $253,298
    5-6% 15 $4,105,000 $273,667
    4-5% 8 $60,000 $7,500
    <2.5% 3 $15,000 $5,000

    During 2023, First Liberty Bank's average interest rate for loans was 6.91%, while their most frequently originated rate bucket for loans was 6-7%, with 64 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 79 $11,795,000 $149,304 $3,965 7.73%
    $200k-400k 65 $17,735,000 $272,846 $7,035 7.27%
    $100,000 or less 30 $1,400,000 $46,667 $684 6.47%
    $400k-600k 15 $7,635,000 $509,000 $9,714 6.88%
    $600k-1MM 7 $5,115,000 $730,714 $12,820 6.89%
    $1MM+ 4 $8,330,000 $2,082,500 $15,542 7.88%

    2023 saw First Liberty Bank place emphasis on $100k-200k loans with 79 originations, totaling $11,795,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 39 $8,815,000 $226,026 $6,334 6.66%
    $250k+ 31 $12,745,000 $411,129 $8,586 7.08%
    $50k-75k 29 $4,565,000 $157,414 $4,506 6.13%
    $150k-250k 18 $7,430,000 $412,778 $9,003 7.00%
    $75k-100k 18 $3,790,000 $210,556 $6,665 6.69%
    $50k or less 4 $440,000 $110,000 $2,443 6.38%

    First Liberty Bank lent most frequently to those with incomes in the $100k-150k range, with 39 originations. The second most popular income band? $250k+, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 21 $4,095,000 $195,000 $5,096 7.26%
    <20% 18 $5,090,000 $282,778 $5,171 6.76%
    41% 13 $3,555,000 $273,462 $6,683 6.73%
    30-36% 9 $2,315,000 $257,222 $4,375 6.31%
    49% 9 $3,055,000 $339,444 $6,010 6.35%
    43% 8 $2,800,000 $350,000 $6,136 6.58%
    40% 8 $1,800,000 $225,000 $6,523 6.73%
    48% 6 $1,850,000 $308,333 $6,909 5.58%
    44% 6 $1,580,000 $263,333 $7,191 6.54%
    47% 6 $1,870,000 $311,667 $6,948 7.02%
    50-60% 5 $2,035,000 $407,000 $11,635 7.05%
    36% 5 $1,345,000 $269,000 $6,808 6.50%
    38% 5 $1,195,000 $239,000 $4,733 6.75%
    46% 5 $1,915,000 $383,000 $8,584 6.72%
    45% 4 $560,000 $140,000 $7,523 5.06%
    42% 4 $740,000 $185,000 $5,879 6.06%
    37% 3 $1,085,000 $361,667 $11,537 6.79%
    39% 2 $550,000 $275,000 $9,635 7.25%

    First Liberty Bank lent most frequently to those with DTI ratios of 20-30%, with 21 originations. The next most common DTI ratio? <20%, with 18 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 106 $28,540,000 $269,245 $6,318 6.76%
    Not applicable 60 $14,100,000 $235,000 $0 8.74%
    Asian 10 $2,580,000 $258,000 $6,885 6.64%
    Not provided 7 $2,185,000 $312,143 $8,260 7.12%
    American Indian 9 $1,845,000 $205,000 $5,794 6.69%
    Black 7 $1,755,000 $250,714 $7,604 5.36%
    Asian Indian 1 $1,005,000 $1,005,000 $13,562 6.75%

    Approval Rates

    Total approvals of all applications
    88.70%

    First Liberty Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.00%

    First Liberty Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 200 $52,010,000 $260,050

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    200 $52,010,000 $260,050

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $1,230,000 $307,500 $6,119 7.19%
    40-60% 12 $2,690,000 $224,167 $6,180 7.25%
    60-80% 87 $21,395,000 $245,920 $8,179 7.97%
    80-100% 78 $23,260,000 $298,205 $7,140 7.13%
    Over 100% 7 $3,205,000 $457,857 $7,962 6.82%
    Under 20% 12 $230,000 $19,167 $229 3.95%