Liberty Bay Credit Union Mortgage Rates, Fees & Info
Braintree, MALEI: 5493007Y306QGNH6J842
Tax ID: 04-1896000
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Liberty Bay Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Liberty Bay Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Providence, Barnstable Town, Manchester, and Worcester among others. We have data for 7 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 an above average pick rate when compared to similar lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 15 Year Conventional Refi | 5.68% | 3/28/23 |
| 15 Year Cash-out Refi | 5.68% | 3/28/23 |
| 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. | ||
Originations
225Origination Dollar Volume (All Markets)
$64,665,000Top 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) | 193 | $55,915,000 | $289,715 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 14 | $4,270,000 | $305,000 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 10 | $2,810,000 | $281,000 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 0.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| Laconia, NH (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 225 | $64,665,000 | $287,400 | $0 | 0.00% |
For 2022, Liberty Bay Credit Union's most frequently originated type of loan was Conventional, with 225 originations.
Loan Reason
For 2022, Liberty Bay Credit Union's most frequently cited loan purpose was Home Purchase, with 72 originations. The 2nd most popular reason was Cash Out Refi, with 58 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 225 | $64,665,000 | $287,400 | $0 | 0.00% |
For 2022, Liberty Bay Credit Union's most frequently cited loan duration was Other, with 225 originations.
Loan Sizing
2022 saw Liberty Bay Credit Union place emphasis on $100,000 or less loans with 66 originations, totaling $3,220,000 in origination value.
Applicant Income
Liberty Bay Credit Union lent most frequently to those with incomes in the $75k-100k range, with 60 originations. The second most popular income band? $100k-150k, with 58 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 225 | $64,665,000 | $287,400 | $0 | 0.00% |
Liberty Bay Credit Union lent most frequently to those with DTI ratios of Exempt%, with 225 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.95%
Liberty Bay Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination91.11%
Liberty Bay Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 225 | $64,665,000 | $287,400 |