Liberty First Mortgage Rates, Fees & Info

Lincoln, NE

LEI: 549300IPZIRQSNKHX741

Tax ID: 47-0116167

5 stars - Updated: 12/16/24 - out of 5 stars, based on 22 reviews

Latest/2023 | 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. They have a low ratio of USDA loans. Their top markets by origination volume include: Lincoln, Omaha, Beatrice, Columbus, and Fremont 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. 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 relatively high 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 6.85% 12/16/24
    30 Year Conventional Refi 6.93% 12/16/24
    30 Year Cash-out Refi 7.06% 12/16/24
    30 Year FHA Purchase 6.94% 12/16/24
    30 Year FHA Refi 6.60% 12/16/24
    30 Year VA Purchase 6.00% 12/16/24
    30 Year VA Refi 6.15% 12/16/24
    30 Year USDA Purchase 6.26% 12/16/24
    15 Year Conventional Purchase 6.35% 12/16/24
    15 Year Conventional Refi 6.39% 12/16/24
    15 Year Cash-out Refi 6.39% 12/16/24
    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 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

    476

    Origination Dollar Volume (All Markets)

    $74,250,000
    Show all (6) awards

    Relative Rate

    Liberty First's average 30 year fixed mortgage rate was 6.63%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of 0.15%.

    Relative Fees (Closing Costs)

    Liberty First's average total fees/closing costs for a 30 year fixed rate mortgage were $4,034.

    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 $9,089.

    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) 387 $59,825,000 $154,587 $2,479 7.36%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 38 $6,170,000 $162,368 $2,243 6.98%
    Outside of Metro Areas 31 $4,695,000 $151,452 $2,820 7.23%
    Beatrice, NE (FHA|USDA|VA) 12 $1,890,000 $157,500 $2,049 7.33%
    Columbus, NE (FHA|USDA|VA) 3 $635,000 $211,667 $4,958 7.79%
    Fremont, NE (FHA|USDA|VA) 1 $415,000 $415,000 $3,775 6.13%
    Hastings, NE (FHA|USDA|VA) 2 $300,000 $150,000 $2,895 8.00%
    GRAND ISLAND, NE (FHA|USDA|VA) 1 $255,000 $255,000 $6,890 6.75%
    Kearney, NE (FHA|USDA|VA) 1 $65,000 $65,000 $2,148 8.13%
    Liberty First's top markets include Lincoln, Omaha, Beatrice, Columbus, and Fremont among others.

    Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Iowa (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.

    METRO CU
    Similarity Rank: 56
    U.S. HOME MORTGAGE, INC.
    Similarity Rank: 72
    South Metro Federal Credit Union
    Similarity Rank: 75
    Cobalt Credit Union
    Similarity Rank: 192
    LIBERTY FIRST
    Similarity Rank: 225
    FOUR POINTS
    Similarity Rank: 240
    CENTRIS FEDERAL CREDIT UNION
    Similarity Rank: 243
    Security First Bank
    Similarity Rank: 260
    First State Bank
    Similarity Rank: 396
    Exchange Bank
    Similarity Rank: 510

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 399 $54,375,000 $136,278 $1,619 7.53%
    FHA 59 $14,855,000 $251,780 $7,271 6.23%
    VA 15 $4,495,000 $299,667 $4,767 6.32%
    USDA 3 $525,000 $175,000 $3,992 5.88%

    For 2023, Liberty First's most frequently originated type of loan was Conventional, with 399 originations. Their 2nd most popular type was FHA, with 59 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 240 $52,840,000 $220,167 $3,945 6.46%
    Cash Out Refi 179 $12,425,000 $69,413 $910 8.66%
    Refi 57 $8,985,000 $157,632 $2,787 6.74%

    For 2023, Liberty First's most frequently cited loan purpose was Home Purchase, with 240 originations. The 2nd most popular reason was Cash Out Refi, with 179 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 253 $59,495,000 $235,158 $4,034 6.63%
    10 Year 120 $6,390,000 $53,250 $660 8.45%
    5 Year 37 $1,435,000 $38,784 $729 8.16%
    15 Year 30 $4,210,000 $140,333 $2,633 6.84%
    20 Year 26 $2,250,000 $86,538 $517 7.58%
    Other 9 $435,000 $48,333 $802 8.36%
    3 Year 1 $35,000 $35,000 $905 15.00%

    For 2023, Liberty First's most frequently cited loan duration was 30 Year, with 253 originations. The 2nd most popular length was 10 Year, with 120 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 327 $40,785,000 $124,725
    $1k-2k 88 $16,400,000 $186,364
    $2k-3k 35 $7,595,000 $217,000
    $3k-4k 15 $5,085,000 $339,000
    $5k+ 8 $2,840,000 $355,000
    $4k-5k 3 $1,545,000 $515,000

    Liberty First's average total fees were $4,034, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 327 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 177 $35,805,000 $202,288
    7-8% 128 $17,890,000 $139,766
    Over 8% 92 $6,240,000 $67,826
    5-6% 67 $14,095,000 $210,373
    <2.5% 10 $130,000 $13,000
    4-5% 2 $90,000 $45,000

    During 2023, Liberty First's average interest rate for loans was 6.63%, while their most frequently originated rate bucket for loans was 6-7%, with 177 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 194 $9,200,000 $47,423 $811 8.22%
    $200k-400k 144 $37,810,000 $262,569 $4,368 6.60%
    $100k-200k 116 $17,150,000 $147,845 $2,715 6.89%
    $400k-600k 21 $9,465,000 $450,714 $5,805 6.42%
    $600k-1MM 1 $625,000 $625,000 $6,970 6.13%

    2023 saw Liberty First place emphasis on $100,000 or less loans with 194 originations, totaling $9,200,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 148 $24,990,000 $168,851 $2,408 7.39%
    $75k-100k 117 $17,755,000 $151,752 $2,671 7.32%
    $50k-75k 112 $15,270,000 $136,339 $2,843 7.10%
    $150k-250k 58 $11,230,000 $193,621 $1,954 7.48%
    $50k or less 30 $3,250,000 $108,333 $2,243 7.64%
    $250k+ 11 $1,755,000 $159,545 $2,329 7.00%

    Liberty First lent most frequently to those with incomes in the $100k-150k range, with 148 originations. The second most popular income band? $75k-100k, with 117 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 72 $10,460,000 $145,278 $2,420 7.32%
    20-30% 58 $8,620,000 $148,621 $2,038 7.16%
    50-60% 44 $8,750,000 $198,864 $4,886 7.17%
    42% 30 $4,120,000 $137,333 $1,851 7.72%
    43% 29 $4,575,000 $157,759 $3,078 6.77%
    44% 28 $4,460,000 $159,286 $2,588 7.25%
    <20% 27 $2,445,000 $90,556 $1,244 6.37%
    49% 24 $4,570,000 $190,417 $2,512 7.44%
    38% 18 $2,890,000 $160,556 $2,745 7.24%
    48% 17 $3,345,000 $196,765 $3,742 7.23%
    45% 17 $2,755,000 $162,059 $1,623 7.36%
    47% 16 $1,740,000 $108,750 $1,476 8.73%
    39% 16 $2,290,000 $143,125 $1,978 7.43%
    40% 15 $1,595,000 $106,333 $1,764 7.73%
    37% 14 $2,600,000 $185,714 $2,343 7.79%
    41% 14 $2,790,000 $199,286 $2,996 7.18%
    46% 13 $2,175,000 $167,308 $1,893 7.57%
    36% 13 $2,255,000 $173,462 $1,389 8.09%
    >60% 11 $1,815,000 $165,000 $3,190 7.39%

    Liberty First lent most frequently to those with DTI ratios of 30-36%, with 72 originations. The next most common DTI ratio? 20-30%, with 58 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 393 $58,725,000 $149,427 $2,349 7.40%
    Not provided 54 $9,460,000 $175,185 $2,666 6.98%
    Black 16 $3,560,000 $222,500 $4,062 6.50%
    Asian 8 $1,890,000 $236,250 $5,821 6.81%
    American Indian 4 $580,000 $145,000 $3,694 7.28%
    Native Hawaiian or Islander 1 $35,000 $35,000 $915 14.50%

    Approval Rates

    Total approvals of all applications
    100.00%

    Liberty First has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 476 $74,250,000 $155,987

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    476 $74,250,000 $155,987

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 67 $5,605,000 $83,657 $1,020 8.45%
    40-60% 28 $3,720,000 $132,857 $2,342 7.19%
    60-80% 85 $18,245,000 $214,647 $2,799 6.92%
    80-100% 168 $40,940,000 $243,690 $4,549 6.53%
    Over 100% 4 $980,000 $245,000 $12,277 6.66%
    Under 20% 124 $4,760,000 $38,387 $621 8.12%