Liberty National Bank Mortgage Rates, Fees & Info

Ada, OH

LEI: 5493008X303QT73TU753

Tax ID: 34-4173465

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

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  • 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)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Liberty National Bank is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. Liberty National Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Columbus, Bellefontaine, Lima, Urbana, and Sidney among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Liberty National 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. Liberty National Bank is typically a low 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.83% 5/4/24
    30 Year Conventional Refi 6.81% 5/4/24
    30 Year Cash-out Refi 6.75% 5/4/24
    30 Year USDA Purchase 7.03% 5/4/24
    15 Year Conventional Purchase 5.98% 5/4/24
    15 Year Conventional Refi 6.08% 5/4/24
    15 Year Cash-out Refi 6.08% 5/4/24
    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 National Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Liberty National 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

    290

    Origination Dollar Volume (All Markets)

    $64,120,000

    Employee count

    72 Show all (10) 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
    COLUMBUS, OH (FHA|USDA|VA) 97 $28,595,000 $294,794 $2,779 3.13%
    Bellefontaine, OH (FHA|USDA|VA) 69 $12,665,000 $183,551 $2,849 3.03%
    Outside of Metro Areas 41 $5,855,000 $142,805 $2,598 2.96%
    LIMA, OH (FHA|USDA|VA) 40 $5,470,000 $136,750 $2,786 2.89%
    Urbana, OH (FHA|USDA|VA) 7 $4,135,000 $590,714 $3,458 3.35%
    Sidney, OH (FHA|USDA|VA) 4 $980,000 $245,000 $2,983 3.13%
    Sandusky, OH (FHA|USDA|VA) 2 $930,000 $465,000 $3,402 3.38%
    Marion, OH (FHA|USDA|VA) 8 $920,000 $115,000 $2,338 3.13%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $735,000 $245,000 $2,925 2.79%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $580,000 $290,000 $3,268 2.69%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $475,000 $475,000 $5,656 4.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $455,000 $455,000 $5,411 2.75%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $385,000 $385,000 $4,987 3.88%
    Wapakoneta, OH (FHA|USDA|VA) 3 $345,000 $115,000 $2,775 2.92%
    Salem, OH (FHA|USDA|VA) 1 $315,000 $315,000 $0 4.25%
    TOLEDO, OH (FHA|USDA|VA) 2 $210,000 $105,000 $2,594 2.06%
    Norwalk, OH (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.75%
    Ashland, OH (FHA|USDA|VA) 1 $195,000 $195,000 $3,204 2.88%
    Zanesville, OH (FHA|USDA|VA) 1 $165,000 $165,000 $0 5.00%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $155,000 $155,000 $3,367 2.38%
    Findlay, OH (FHA|USDA|VA) 1 $105,000 $105,000 $2,415 2.50%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $95,000 $95,000 $3,126 3.25%
    Van Wert, OH (FHA|USDA|VA) 1 $75,000 $75,000 $2,644 2.63%
    Somerset, KY (FHA|USDA|VA) 1 $75,000 $75,000 $2,508 2.50%
    Liberty National Bank's top markets include Columbus, Bellefontaine, Lima, Urbana, and Sidney among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)

    • Similar Lenders

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

    SUPERIOR FINANCIAL SOLUTIONS, LLC
    Similarity Rank: 352
    The Citizens National Bank of Bluffton
    Similarity Rank: 376
    EDUCATION FIRST CREDIT UNION, INC.
    Similarity Rank: 567
    TrueCore Federal Credit Union
    Similarity Rank: 716
    First Federal Savings and Loan Association
    Similarity Rank: 979
    LCNB National Bank
    Similarity Rank: 1040
    Liberty National Bank
    Similarity Rank: 1344
    Servion, Inc.
    Similarity Rank: 1560
    Kingston National Bank
    Similarity Rank: 1616
    The Community Bank
    Similarity Rank: 1953

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 288 $63,840,000 $221,667 $2,801 3.05%
    USDA 2 $280,000 $140,000 $4,113 3.13%

    For 2021, Liberty National Bank's most frequently originated type of loan was Conventional, with 288 originations. Their 2nd most popular type was USDA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 126 $27,860,000 $221,111 $2,906 3.27%
    Refi 92 $18,510,000 $201,196 $2,664 2.61%
    Cash Out Refi 69 $17,535,000 $254,130 $2,868 3.16%
    Home Improvement 3 $215,000 $71,667 $2,757 4.29%

    For 2021, Liberty National Bank's most frequently cited loan purpose was Home Purchase, with 126 originations. The 2nd most popular reason was Refi, with 92 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 158 $27,200,000 $172,152 $2,811 2.97%
    15 Year 53 $9,085,000 $171,415 $2,799 2.49%
    Other 34 $17,710,000 $520,882 $2,796 3.75%
    20 Year 31 $6,765,000 $218,226 $2,718 3.55%
    10 Year 7 $925,000 $132,143 $2,770 2.64%
    30+ year 4 $2,000,000 $500,000 $4,150 4.09%
    1 Year 1 $335,000 $335,000 $0 5.00%
    3 Year 1 $95,000 $95,000 $0 4.25%
    5 Year 1 $5,000 $5,000 $0 4.74%

    For 2021, Liberty National Bank's most frequently cited loan duration was 30 Year, with 158 originations. The 2nd most popular length was 15 Year, with 53 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 238 $41,950,000 $176,261
    $1k-2k 8 $2,250,000 $281,250

    Liberty National Bank's average total fees were $2,811, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 238 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 110 $19,540,000 $177,636
    <2.5% 78 $13,670,000 $175,256
    3-4% 57 $10,375,000 $182,018
    4-5% 38 $15,160,000 $398,947
    5-6% 1 $185,000 $185,000
    6-7% 1 $25,000 $25,000

    During 2021, Liberty National Bank's average interest rate for loans was 2.97%, while their most frequently originated rate bucket for loans was 2.5-3%, with 110 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 132 $19,160,000 $145,152 $2,747 2.92%
    $200k-400k 83 $23,535,000 $283,554 $3,014 3.11%
    $100,000 or less 58 $4,090,000 $70,517 $2,474 3.13%
    $400k-600k 10 $4,740,000 $474,000 $4,280 3.25%
    $1MM+ 4 $10,080,000 $2,520,000 $0 4.25%
    $600k-1MM 3 $2,515,000 $838,333 $4,087 4.50%

    2021 saw Liberty National Bank place emphasis on $100k-200k loans with 132 originations, totaling $19,160,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 68 $9,360,000 $137,647 $2,739 2.94%
    $100k-150k 50 $11,590,000 $231,800 $3,075 2.86%
    $50k or less 50 $5,390,000 $107,800 $2,524 2.86%
    $75k-100k 41 $6,865,000 $167,439 $2,674 2.84%
    $150k-250k 34 $7,900,000 $232,353 $3,096 2.74%
    $250k+ 11 $4,315,000 $392,273 $3,491 3.75%

    Liberty National Bank lent most frequently to those with incomes in the $50k-75k range, with 68 originations. The second most popular income band? $100k-150k, with 50 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 87 $15,715,000 $180,632 $2,789 2.77%
    30-36% 40 $6,790,000 $169,750 $2,657 2.97%
    <20% 24 $4,040,000 $168,333 $2,766 2.83%
    40% 18 $3,220,000 $178,889 $2,872 2.86%
    37% 14 $2,540,000 $181,429 $3,068 2.90%
    38% 9 $1,135,000 $126,111 $2,447 2.78%
    39% 8 $1,310,000 $163,750 $2,777 2.66%
    44% 7 $1,185,000 $169,286 $2,752 2.82%
    36% 7 $1,575,000 $225,000 $3,227 2.52%
    41% 7 $1,475,000 $210,714 $2,812 2.66%
    43% 6 $1,070,000 $178,333 $2,912 2.94%
    45% 3 $375,000 $125,000 $2,968 3.13%
    46% 3 $615,000 $205,000 $3,126 3.33%
    >60% 2 $420,000 $210,000 $2,898 3.56%
    42% 2 $360,000 $180,000 $2,755 2.44%
    49% 2 $340,000 $170,000 $2,505 2.88%
    50-60% 2 $730,000 $365,000 $5,656 3.88%
    48% 1 $275,000 $275,000 $2,550 2.00%
    47% 1 $385,000 $385,000 $3,402 3.00%

    Liberty National Bank lent most frequently to those with DTI ratios of 20-30%, with 87 originations. The next most common DTI ratio? 30-36%, with 40 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 218 $39,120,000 $179,450 $2,804 2.88%
    Not applicable 32 $18,020,000 $563,125 $0 4.34%
    Not provided 24 $3,890,000 $162,083 $2,879 2.82%
    Chinese 3 $1,125,000 $375,000 $0 4.50%
    Asian 6 $1,080,000 $180,000 $2,815 3.06%
    Black 5 $705,000 $141,000 $2,783 2.80%
    American Indian 2 $180,000 $90,000 $2,840 3.56%

    Approval Rates

    Total approvals of all applications
    89.13%

    Liberty National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.90%

    Liberty National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 290 $64,120,000 $221,103

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    290 $64,120,000 $221,103

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $1,350,000 $96,429 $2,607 2.95%
    40-60% 42 $6,930,000 $165,000 $2,776 2.72%
    60-80% 125 $24,335,000 $194,680 $2,842 2.97%
    80-100% 85 $16,435,000 $193,353 $2,812 3.07%
    Under 20% 3 $215,000 $71,667 $2,924 3.46%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Liberty Home Mortgage Corporation Conventional home mortgage Closing on a mortgage 1 20.0%
    Liberty Home Mortgage Corporation FHA mortgage Closing on a mortgage 1 20.0%
    Liberty Home Mortgage Corporation FHA mortgage Trouble during payment process 1 20.0%
    Liberty Home Mortgage Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
    Liberty Home Mortgage Corporation FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Liberty National Bank 1120 North Main Street Bellefontaine, OH 43311 Full Service B&M $95,981
    Liberty National Bank 118 South Main Street Ada, OH 45810 Full Service B&M $119,135
    Liberty National Bank 1454 South Main Street Bellefontaine, OH 43311 Full Service B&M $20,934
    Liberty National Bank 160 Coleman S Crossing Boulevard Marysville, OH 43040 Full Service B&M $24,783
    Liberty National Bank 33 S Cleveland Ave Westerville, OH 43081 Full Service B&M $6,136
    Liberty National Bank Main And Franklin Streets Kenton, OH 43326 Full Service B&M $106,278

    For 2021, Liberty National Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,464
    Net interest income $16,549
    Total noninterest income $2,260
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $330
    Trading account gains and fees $0
    Additional Noninterest Income $1,930
    Pre-tax net operating income $6,508
    Securities gains (or losses, -) $3
    Income before extraordinary items $5,285
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,285
    Minority interest net income $0
    Net income $5,285
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,282

    Liberty National Bank's gross interest income from loans was $17,464,000.
    Liberty National Bank's net interest income from loans was $16,549,000.
    Liberty National Bank's fee based income from loans was $330,000.
    Liberty National Bank's net income from loans was $5,285,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $915
    Provision for credit losses $480
    Total noninterest expense $11,821
    Salaries and employee benefits $6,340
    Premises and equipment expense $1,832
    Additional noninterest expense $3,649
    Applicable income taxes $1,226
    Net charge-offs $8
    Cash dividends $1,350

    Liberty National Bank's interest expense for loans was $915,000.
    Liberty National Bank's payroll and benefits expense were $6,340,000.
    Liberty National Bank's property, plant and equipment expenses $1,832,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $374,693
    Deposits held in domestic offices $374,693
    Deposits by Individuals, partnerships, and corporations $315,634
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $55,541
    Deposits by Commercial banks and other depository institutions in U.S. $3,518
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $161,317
    Demand deposits $161,317
    Nontransaction accounts $213,376
    Money market deposit accounts (MMDAs) $103,342
    Other savings deposits (excluding MMDAs) $41,919
    Total time deposits $68,115
    Total time and savings deposits $213,376
    Noninterest-bearing deposits $143,210
    Interest-bearing deposits $231,483
    Retail deposits $356,400
    IRAs and Keogh plan accounts $2,984
    Brokered deposits $7,221
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $434,065
    Cash & Balances due from depository institutions $5,758
    Interest-bearing balances $128
    Total securities $55,478
    Federal funds sold & reverse repurchase $60,622
    Net loans and leases $290,879
    Loan and leases loss allowance $4,532
    Trading account assets $0
    Bank premises and fixed assets $4,744
    Other real estate owned $0
    Goodwill and other intangibles $2,397
    All other assets $14,187

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $434,065
    Total Liabilities $378,755
    Total deposits $374,693
    Interest-bearing deposits $231,483
    Deposits held in domestic offices $374,693
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $4,062

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $290,879
    Loan and leases loss allowance $4,532
    Total loans and leases (domestic) $295,411
    All real estate loans $261,433
    Real estate loans in domestic offices $261,433
    Construction and development loans $32,089
    Residential 1-4 family construction $3,079
    Other construction, all land development and other land $29,010
    Loans secured by nonfarm nonresidential properties $134,885
    Nonfarm nonresidential secured by owner-occupied properties $44,906
    Commercial real estate & other non-farm, non-residential $89,979
    Multifamily residential real estate $23,640
    1-4 family residential loans $51,918
    Farmland loans $18,901
    Loans held in foreign offices $0
    Farm loans $4,586
    Commercial and industrial loans $26,239
    To non-U.S. addressees $0
    Loans to individuals $300
    Credit card loans $0
    Related Plans $9
    Consumer Auto Loans $221
    Other loans to individuals $70
    All other loans & leases $2,856
    Loans to foreign governments and official institutions $0
    Other loans $2,802
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $864
    Non 1-4 family restructured loans & leases $660
    Total loans and leases (foreign) $0

    Liberty National Bank had $290,879,000 of loans outstanding in 2021. $261,433,000 of loans were in real estate loans. $32,089,000 of loans were in development loans. $23,640,000 of loans were in multifamily mortgage loans. $51,918,000 of loans were in 1-4 family mortgage loans. $4,586,000 of loans were in farm loans. $0 of loans were in credit card loans. $221,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 140 $34,250 $244,643
    Nonfarm, nonresidential loans - <$100k 30 $1,207 $40,233
    Nonfarm, nonresidential loans - $100-250k 44 $5,418 $123,136
    Nonfarm, nonresidential loans - $250k-1MM 66 $27,625 $418,561
    Commercial & Industrial, US addressed loans - <$1MM 83 $6,678 $80,458
    Commercial & Industrial, US addressed loans - <$100k 45 $995 $22,111
    Commercial & Industrial, US addressed loans - $100-250k 20 $1,354 $67,700
    Commercial & Industrial, US addressed loans - $250k-1MM 18 $4,329 $240,500
    Farmland loans - <$1MM 43 $6,387 $148,535
    Farmland loans - <$100k 9 $283 $31,444
    Farmland loans - $100-250k 20 $2,627 $131,350
    Farmland loans - $250k-1MM 14 $3,477 $248,357
    Agriculture operations loans - <$1MM 23 $2,057 $89,435
    Agriculture operations loans - <$100k 12 $208 $17,333
    Agriculture operations loans - $100-250k 9 $1,051 $116,778
    Agriculture operations loans - $250k-1MM 2 $798 $399,000