Liberty First Mortgage Rates, Fees & Info

Lincoln, NE

LEI: 549300IPZIRQSNKHX741

Tax ID: 47-0116167

5 stars - Updated: 4/5/25 - out of 5 stars, based on 20 reviews

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Liberty First is a smaller mortgage company specializing in Home Purchase loans. Liberty First has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Lincoln, Omaha, Beatrice, Hastings, and Brookings among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Liberty First 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. Liberty First 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.

    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 6.62% 4/5/25
    30 Year Conventional Refi 6.81% 4/5/25
    30 Year Cash-out Refi 8.18% 4/5/25
    30 Year FHA Purchase 6.95% 4/5/25
    30 Year FHA Refi 6.24% 4/5/25
    30 Year VA Purchase 6.19% 4/5/25
    30 Year VA Refi 7.06% 4/5/25
    15 Year Conventional Purchase 6.22% 4/5/25
    15 Year Conventional Refi 7.22% 4/5/25
    15 Year Cash-out Refi 7.22% 4/5/25
    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 First Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Liberty First. 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

    398

    Origination Dollar Volume (All Markets)

    $58,400,000
    Show all (7) awards

    Relative Rate

    Liberty First's average 30 year fixed mortgage rate was 6.46%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.09%.

    Relative Fees (Closing Costs)

    Liberty First's average total fees/closing costs for a 30 year fixed rate mortgage were $4,299.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    LINCOLN, NE (FHA|USDA|VA) 309 $45,135,000 $146,068 $2,377 6.95%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 46 $7,270,000 $158,043 $2,735 7.01%
    Outside of Metro Areas 28 $3,850,000 $137,500 $2,615 6.51%
    Beatrice, NE (FHA|USDA|VA) 9 $1,195,000 $132,778 $1,344 7.40%
    Hastings, NE (FHA|USDA|VA) 2 $380,000 $190,000 $2,895 7.19%
    Brookings, SD (FHA|USDA|VA) 1 $265,000 $265,000 $2,785 6.25%
    Columbus, NE (FHA|USDA|VA) 1 $235,000 $235,000 $2,445 6.99%
    Norfolk, NE (FHA|USDA|VA) 1 $35,000 $35,000 $940 13.00%
    North Platte, NE (FHA|USDA|VA) 1 $35,000 $35,000 $1,063 8.00%
    Liberty First's top markets include Lincoln, Omaha, Beatrice, Hastings, and Brookings among others.

    Their top states include:
  • Nebraska (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)

    • Similar Lenders

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

    South Metro Federal Credit Union
    Similarity Rank: 45
    Security First Bank
    Similarity Rank: 196
    METRO CU
    Similarity Rank: 275
    LIBERTY FIRST
    Similarity Rank: 387
    Exchange Bank
    Similarity Rank: 405
    CENTRIS FEDERAL CREDIT UNION
    Similarity Rank: 459
    Cobalt Credit Union
    Similarity Rank: 468
    VERIDIAN CREDIT UNION
    Similarity Rank: 793
    CORNHUSKER BANK
    Similarity Rank: 860
    Central National Bank
    Similarity Rank: 1080

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 344 $44,240,000 $128,605 $1,751 7.07%
    FHA 32 $7,380,000 $230,625 $7,148 6.24%
    VA 22 $6,780,000 $308,182 $5,387 6.18%

    For 2024, Liberty First's most frequently originated type of loan was Conventional, with 344 originations. Their 2nd most popular type was FHA, with 32 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 175 $39,345,000 $224,829 $4,128 6.10%
    Cash Out Refi 147 $8,895,000 $60,510 $774 8.57%
    Refi 59 $9,985,000 $169,237 $2,998 7.05%
    Other 17 $175,000 $10,294 $43 1.47%

    For 2024, Liberty First's most frequently cited loan purpose was Home Purchase, with 175 originations. The 2nd most popular reason was Cash Out Refi, with 147 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 197 $46,795,000 $237,538 $4,299 6.46%
    10 Year 128 $6,420,000 $50,156 $599 7.32%
    5 Year 36 $1,750,000 $48,611 $557 7.46%
    15 Year 19 $2,355,000 $123,947 $2,723 7.45%
    20 Year 9 $695,000 $77,222 $847 7.88%
    Other 9 $385,000 $42,778 $669 8.72%

    For 2024, Liberty First's most frequently cited loan duration was 30 Year, with 197 originations. The 2nd most popular length was 10 Year, with 128 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 241 $22,535,000 $93,506
    $1k-2k 88 $17,300,000 $196,591
    $2k-3k 33 $6,705,000 $203,182
    $3k-4k 18 $5,060,000 $281,111
    $4k-5k 13 $4,815,000 $370,385
    $5k+ 5 $1,985,000 $397,000

    Liberty First's average total fees were $4,299, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 241 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 142 $26,220,000 $184,648
    7-8% 97 $11,175,000 $115,206
    Over 8% 70 $4,930,000 $70,429
    5-6% 62 $15,850,000 $255,645
    <2.5% 27 $225,000 $8,333

    During 2024, Liberty First's average interest rate for loans was 6.46%, while their most frequently originated rate bucket for loans was 6-7%, with 142 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 183 $8,305,000 $45,383 $727 7.37%
    $200k-400k 104 $28,640,000 $275,385 $4,830 6.40%
    $100k-200k 98 $15,000,000 $153,061 $3,011 6.88%
    $400k-600k 12 $5,720,000 $476,667 $6,468 6.31%
    $600k-1MM 1 $735,000 $735,000 $0 5.50%

    2024 saw Liberty First place emphasis on $100,000 or less loans with 183 originations, totaling $8,305,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 127 $20,865,000 $164,291 $2,660 7.28%
    $50k-75k 93 $11,275,000 $121,237 $2,533 6.37%
    $75k-100k 77 $11,315,000 $146,948 $2,312 6.63%
    $150k-250k 58 $9,580,000 $165,172 $1,987 7.60%
    $50k or less 38 $3,670,000 $96,579 $2,115 6.96%
    $250k+ 5 $1,695,000 $339,000 $2,798 7.22%

    Liberty First lent most frequently to those with incomes in the $100k-150k range, with 127 originations. The second most popular income band? $50k-75k, with 93 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 60 $8,130,000 $135,500 $2,165 7.17%
    20-30% 52 $7,160,000 $137,692 $2,366 7.04%
    50-60% 29 $4,145,000 $142,931 $2,005 7.55%
    <20% 28 $1,450,000 $51,786 $542 3.14%
    42% 21 $3,235,000 $154,048 $3,060 7.68%
    49% 20 $3,620,000 $181,000 $2,689 7.18%
    40% 18 $2,960,000 $164,444 $2,045 5.78%
    43% 18 $2,110,000 $117,222 $1,886 7.94%
    44% 17 $2,395,000 $140,882 $2,700 8.04%
    46% 16 $1,740,000 $108,750 $2,839 7.97%
    36% 16 $2,270,000 $141,875 $2,522 6.83%
    38% 15 $2,965,000 $197,667 $2,478 7.53%
    37% 15 $2,425,000 $161,667 $2,874 7.53%
    45% 14 $2,960,000 $211,429 $4,601 7.10%
    41% 14 $2,380,000 $170,000 $2,863 7.21%
    47% 14 $2,090,000 $149,286 $2,849 7.03%
    39% 13 $2,375,000 $182,692 $2,876 6.90%
    48% 12 $2,120,000 $176,667 $2,413 7.16%
    >60% 5 $1,645,000 $329,000 $3,789 6.87%

    Liberty First lent most frequently to those with DTI ratios of 30-36%, with 60 originations. The next most common DTI ratio? 20-30%, with 52 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 331 $48,325,000 $145,997 $2,316 7.06%
    Not provided 39 $5,395,000 $138,333 $2,732 6.57%
    Asian 9 $2,075,000 $230,556 $4,305 7.00%
    Black 12 $2,000,000 $166,667 $2,898 5.61%
    American Indian 6 $560,000 $93,333 $2,709 6.17%
    Other Pacific Islander 1 $45,000 $45,000 $418 6.50%

    Approval Rates

    Total approvals of all applications
    94.72%

    Liberty First has an average approval rate.

    Pick Rate

    Approvals leading to origination
    64.32%

    Liberty First 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 398 $58,400,000 $146,734

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    398 $58,400,000 $146,734

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 58 $4,900,000 $84,483 $966 8.31%
    40-60% 20 $3,020,000 $151,000 $2,691 6.97%
    60-80% 59 $12,405,000 $210,254 $3,747 6.78%
    80-100% 129 $32,195,000 $249,574 $4,444 6.42%
    Over 100% 3 $1,115,000 $371,667 $13,703 5.88%
    Under 20% 129 $4,765,000 $36,938 $518 6.99%