Liberty Bay Credit Union Mortgage Rates, Fees & Info

Braintree, MA

LEI: 5493007Y306QGNH6J842

Tax ID: 04-1896000

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Liberty Bay Credit Union is a smaller credit union specializing in Home Purchase loans. Liberty Bay Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Barnstable Town, Providence, Laconia, and Worcester among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

Liberty Bay Credit Union 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.

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Originations

141

Origination Dollar Volume (All Markets)

$38,315,000

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
Boston-Cambridge-Newton, MA-NH (FHA\|USDA\|VA)	116	$33,610,000	$289,741	$0	0.00%
BARNSTABLE TOWN, MA (FHA\|USDA\|VA)	7	$2,035,000	$290,714	$0	0.00%
PROVIDENCE-WARWICK, RI-MA (FHA\|USDA\|VA)	11	$1,905,000	$173,182	$0	0.00%
Laconia, NH (FHA\|USDA\|VA)	1	$255,000	$255,000	$0	0.00%
WORCESTER, MA-CT (FHA\|USDA\|VA)	2	$220,000	$110,000	$0	0.00%
Vineyard Haven, MA (FHA\|USDA\|VA)	2	$180,000	$90,000	$0	0.00%
Outside of Metro Areas	1	$65,000	$65,000	$0	0.00%
MANCHESTER-NASHUA, NH (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	0.00%

Liberty Bay Credit Union's top markets include Boston, Barnstable Town, Providence, Laconia, and Worcester among others.

Their top states include:

Massachusetts (FHA|USDA|VA)

New Hampshire (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	141	$38,315,000	$271,738	$0	0.00%

For 2024, Liberty Bay Credit Union's most frequently originated type of loan was Conventional, with 141 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	41	$20,845,000	$508,415	$0	0.00%
Other	29	$3,965,000	$136,724	$0	0.00%
Home Improvement	28	$3,400,000	$121,429	$0	0.00%
Cash Out Refi	23	$4,525,000	$196,739	$0	0.00%
Refi	20	$5,580,000	$279,000	$0	0.00%

For 2024, Liberty Bay Credit Union's most frequently cited loan purpose was Home Purchase, with 41 originations. The 2nd most popular reason was Other, with 29 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	141	$38,315,000	$271,738	$0	0.00%

For 2024, Liberty Bay Credit Union's most frequently cited loan duration was Other, with 141 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	52	$2,910,000	$55,962	$0	0.00%
$100k-200k	28	$3,800,000	$135,714	$0	0.00%
$400k-600k	24	$11,990,000	$499,583	$0	0.00%
$200k-400k	21	$5,925,000	$282,143	$0	0.00%
$600k-1MM	14	$10,460,000	$747,143	$0	0.00%
$1MM+	2	$3,230,000	$1,615,000	$0	0.00%

2024 saw Liberty Bay Credit Union place emphasis on $100,000 or less loans with 52 originations, totaling $2,910,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$150k-250k	53	$18,935,000	$357,264	$0	0.00%
$100k-150k	49	$7,695,000	$157,041	$0	0.00%
$250k+	14	$9,320,000	$665,714	$0	0.00%
$75k-100k	14	$1,400,000	$100,000	$0	0.00%
$50k-75k	9	$865,000	$96,111	$0	0.00%
$50k or less	2	$100,000	$50,000	$0	0.00%

Liberty Bay Credit Union lent most frequently to those with incomes in the $150k-250k range, with 53 originations. The second most popular income band? $100k-150k, with 49 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	141	$38,315,000	$271,738	$0	0.00%

Liberty Bay Credit Union lent most frequently to those with DTI ratios of Exempt%, with 141 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	124	$34,900,000	$281,452	$0	0.00%
Black	10	$2,130,000	$213,000	$0	0.00%
Asian	1	$785,000	$785,000	$0	0.00%
Not provided	6	$500,000	$83,333	$0	0.00%

Approval Rates

Total approvals of all applications
91.88%

Liberty Bay Credit Union has an average approval rate.

Pick Rate

Approvals leading to origination
86.52%

Liberty Bay Credit Union has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	141	$38,315,000	$271,738

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	141	$38,315,000	$271,738