First Liberty Bank Mortgage Rates, Fees & Info

Oklahoma City, OK

LEI: 5493005WCUTOOZMTV053

Tax ID: 73-0351620

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
  • Similar Lenders
  • 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

    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.

    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% 4/28/24
    30 Year Conventional Refi 6.40% 4/28/24
    30 Year Cash-out Refi 6.74% 4/28/24
    30 Year FHA Purchase 7.36% 4/28/24
    30 Year VA Purchase 6.63% 4/28/24
    15 Year Conventional Purchase 7.41% 4/28/24
    15 Year Conventional Refi 6.00% 4/28/24
    15 Year Cash-out Refi 6.00% 4/28/24
    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

    318

    Origination Dollar Volume (All Markets)

    $86,950,000

    Awards

    First Liberty Bank VA Loans silver
    Show all (1) awards

    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%
    First Liberty Bank's top markets include Oklahoma City, Dallas, Tulsa, Nashville, and Shawnee among others.

    Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against First Liberty Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    WEOKIE
    Similarity Rank: 165
    ALLEGIANCE
    Similarity Rank: 176
    TRUE SKY
    Similarity Rank: 192
    Vision Bank
    Similarity Rank: 300
    Municipal Employees Credit Union of Oklahoma City
    Similarity Rank: 369
    STAR ONE CREDIT UNION
    Similarity Rank: 725
    Oklahoma Educators Credit Union
    Similarity Rank: 994
    CWM PARTNERS, L.P.
    Similarity Rank: 1057
    TTCU Federal Credit Union
    Similarity Rank: 1340
    VALOR BANK
    Similarity Rank: 1463

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 261 $68,035,000 $260,670 $5,845 5.30%
    Refi 27 $12,005,000 $444,630 $8,237 4.70%
    Cash Out Refi 24 $5,490,000 $228,750 $5,002 4.39%
    Home Improvement 4 $270,000 $67,500 $1,005 5.69%
    Other 2 $1,150,000 $575,000 $41,553 4.06%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 203 $57,375,000 $282,635 $5,918 4.95%
    5 Year 40 $9,060,000 $226,500 $0 5.72%
    10 Year 35 $4,035,000 $115,286 $324 5.51%
    Other 24 $13,590,000 $566,250 $16,766 5.89%
    15 Year 9 $1,775,000 $197,222 $2,222 4.89%
    20 Year 4 $450,000 $112,500 $1,637 5.06%
    3 Year 3 $665,000 $221,667 $0 4.75%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 91 $24,225,000 $266,209
    $1k-2k 28 $6,190,000 $221,071
    $5k+ 23 $15,545,000 $675,870
    $3k-4k 21 $7,875,000 $375,000
    $2k-3k 15 $3,525,000 $235,000
    $4k-5k 7 $2,645,000 $377,857

    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

    Loan Rate Originations Total Value Average Loan
    4-5% 108 $35,500,000 $328,704
    5-6% 92 $23,540,000 $255,870
    3-4% 49 $13,565,000 $276,837
    6-7% 41 $8,635,000 $210,610
    7-8% 19 $4,045,000 $212,895
    2.5-3% 6 $1,350,000 $225,000
    Over 8% 3 $315,000 $105,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 115 $17,095,000 $148,652 $3,993 5.32%
    $200k-400k 105 $29,005,000 $276,238 $5,506 5.11%
    $100,000 or less 48 $3,550,000 $73,958 $2,164 5.24%
    $400k-600k 28 $13,110,000 $468,214 $7,102 5.12%
    $600k-1MM 15 $10,685,000 $712,333 $7,482 4.94%
    $1MM+ 7 $13,505,000 $1,929,286 $32,103 4.14%

    2022 saw First Liberty Bank place emphasis on $100k-200k loans with 115 originations, totaling $17,095,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 56 $14,450,000 $258,036 $5,844 4.98%
    $150k-250k 47 $15,285,000 $325,213 $6,113 4.97%
    $50k-75k 40 $6,760,000 $169,000 $4,413 4.99%
    $250k+ 32 $19,210,000 $600,313 $10,229 4.94%
    $75k-100k 31 $6,795,000 $219,194 $4,968 5.06%
    $50k or less 21 $3,305,000 $157,381 $4,318 4.85%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 49 $14,935,000 $304,796 $6,137 4.80%
    30-36% 36 $13,830,000 $384,167 $6,948 4.97%
    42% 14 $3,160,000 $225,714 $4,738 4.69%
    39% 13 $3,585,000 $275,769 $5,497 4.97%
    <20% 12 $3,840,000 $320,000 $6,545 4.90%
    41% 11 $2,795,000 $254,091 $4,161 5.75%
    49% 10 $1,780,000 $178,000 $7,100 5.29%
    40% 10 $2,240,000 $224,000 $4,471 4.41%
    38% 9 $3,455,000 $383,889 $5,919 4.74%
    43% 9 $3,065,000 $340,556 $6,788 5.30%
    44% 9 $2,215,000 $246,111 $5,602 5.28%
    47% 9 $2,175,000 $241,667 $4,800 5.04%
    48% 9 $1,725,000 $191,667 $4,509 5.11%
    45% 8 $1,920,000 $240,000 $4,554 5.54%
    46% 7 $2,305,000 $329,286 $7,342 4.98%
    36% 5 $1,375,000 $275,000 $6,599 4.60%
    37% 3 $405,000 $135,000 $4,450 4.20%
    50-60% 1 $525,000 $525,000 $10,677 5.75%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 171 $51,905,000 $303,538 $5,842 4.83%
    Not applicable 91 $21,145,000 $232,363 $0 5.68%
    Not provided 21 $5,205,000 $247,857 $7,552 5.34%
    American Indian 15 $3,585,000 $239,000 $4,411 5.32%
    Asian 9 $2,485,000 $276,111 $5,496 5.87%
    Black 10 $2,410,000 $241,000 $8,012 5.28%
    Asian Indian 1 $215,000 $215,000 $3,593 6.13%

    Approval Rates

    Total approvals of all applications
    94.68%

    First Liberty Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    60.69%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    318 $86,950,000 $273,428

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $2,375,000 $263,889 $2,338 5.54%
    40-60% 32 $9,350,000 $292,188 $4,553 5.09%
    60-80% 135 $30,745,000 $227,741 $7,433 5.33%
    80-100% 121 $38,185,000 $315,579 $6,063 5.02%
    Over 100% 11 $4,815,000 $437,727 $7,224 5.22%
    Under 20% 7 $295,000 $42,143 $1,310 5.18%

    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%