Liberty Bay Credit Union Mortgage Rates, Fees & Info

Braintree, MA

LEI: 5493007Y306QGNH6J842

Tax ID: 04-1896000

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

Jump to:

Mortgage 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, Worcester, Providence, Manchester, and Barnstable Town 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.

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
15 Year Conventional Refi 5.68% 5/27/24
15 Year Cash-out Refi 5.68% 5/27/24
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.

Liberty Bay Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from Liberty Bay Credit Union. 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

228

Origination Dollar Volume (All Markets)

$50,740,000

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) 197 $44,395,000 $225,355 $0 0.00%
WORCESTER, MA-CT (FHA|USDA|VA) 9 $2,575,000 $286,111 $0 0.00%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 12 $1,470,000 $122,500 $0 0.00%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 3 $1,055,000 $351,667 $0 0.00%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 4 $780,000 $195,000 $0 0.00%
Vineyard Haven, MA (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
Laconia, NH (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
Liberty Bay Credit Union's top markets include Boston, Worcester, Providence, Manchester, and Barnstable Town among others.

Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 228 $50,740,000 $222,544 $0 0.00%

    For 2023, Liberty Bay Credit Union's most frequently originated type of loan was Conventional, with 228 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 68 $31,450,000 $462,500 $0 0.00%
    Home Improvement 60 $5,270,000 $87,833 $0 0.00%
    Other 57 $5,265,000 $92,368 $0 0.00%
    Refi 28 $4,950,000 $176,786 $0 0.00%
    Cash Out Refi 15 $3,805,000 $253,667 $0 0.00%

    For 2023, Liberty Bay Credit Union's most frequently cited loan purpose was Home Purchase, with 68 originations. The 2nd most popular reason was Home Improvement, with 60 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 228 $50,740,000 $222,544 $0 0.00%

    For 2023, Liberty Bay Credit Union's most frequently cited loan duration was Other, with 228 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 103 $5,675,000 $55,097 $0 0.00%
    $400k-600k 48 $24,010,000 $500,208 $0 0.00%
    $100k-200k 39 $5,365,000 $137,564 $0 0.00%
    $200k-400k 27 $7,985,000 $295,741 $0 0.00%
    $600k-1MM 11 $7,705,000 $700,455 $0 0.00%

    2023 saw Liberty Bay Credit Union place emphasis on $100,000 or less loans with 103 originations, totaling $5,675,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 76 $18,470,000 $243,026 $0 0.00%
    $100k-150k 66 $15,990,000 $242,273 $0 0.00%
    $250k+ 34 $11,390,000 $335,000 $0 0.00%
    $75k-100k 32 $3,520,000 $110,000 $0 0.00%
    $50k-75k 14 $990,000 $70,714 $0 0.00%
    $50k or less 6 $380,000 $63,333 $0 0.00%

    Liberty Bay Credit Union lent most frequently to those with incomes in the $150k-250k range, with 76 originations. The second most popular income band? $100k-150k, with 66 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 228 $50,740,000 $222,544 $0 0.00%

    Liberty Bay Credit Union lent most frequently to those with DTI ratios of Exempt%, with 228 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 184 $41,740,000 $226,848 $0 0.00%
    Not provided 27 $4,875,000 $180,556 $0 0.00%
    Black 13 $2,365,000 $181,923 $0 0.00%
    Asian 4 $1,760,000 $440,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.98%

    Liberty Bay Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.16%

    Liberty Bay Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 228 $50,740,000 $222,544

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    228 $50,740,000 $222,544