Liberty First Mortgage Rates, Fees & InfoLincoln, NE
Tax ID: 47-0116167
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewLiberty First is a smaller mortgage company specializing in Home Purchase and Refi 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, Hastings, and Fremont among others. We have data for 10 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.
|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.85%||11/30/23|
|30 Year Conventional Refi||6.93%||11/30/23|
|30 Year Cash-out Refi||7.06%||11/30/23|
|30 Year FHA Purchase||6.94%||11/30/23|
|30 Year FHA Refi||6.60%||11/30/23|
|30 Year VA Purchase||6.00%||11/30/23|
|30 Year VA Refi||6.15%||11/30/23|
|30 Year USDA Purchase||6.26%||11/30/23|
|15 Year Conventional Purchase||6.35%||11/30/23|
|15 Year Conventional Refi||6.39%||11/30/23|
|15 Year Cash-out Refi||6.39%||11/30/23|
|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.|
Liberty First Mortgage Calculator
Your EstimatesEstimated 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.
Origination Dollar Volume (All Markets)$105,260,000
LIBERTY FIRST - 2022
LIBERTY FIRST is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
Work for LIBERTY FIRST?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Liberty First's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.21%.
Relative Fees (Closing Costs)
Liberty First's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,182.
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 $4,750.
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)||563||$81,075,000||$144,005||$1,870||5.23%|
|OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA)||97||$14,945,000||$154,072||$1,498||5.63%|
|Outside of Metro Areas||55||$6,675,000||$121,364||$2,410||5.28%|
|Beatrice, NE (FHA|USDA|VA)||20||$1,110,000||$55,500||$1,201||5.92%|
|Hastings, NE (FHA|USDA|VA)||3||$415,000||$138,333||$2,172||6.58%|
|Fremont, NE (FHA|USDA|VA)||3||$365,000||$121,667||$1,887||7.16%|
|North Platte, NE (FHA|USDA|VA)||1||$315,000||$315,000||$3,289||5.88%|
|Scottsbluff, NE (FHA|USDA|VA)||1||$195,000||$195,000||$9,482||3.00%|
|Norfolk, NE (FHA|USDA|VA)||2||$130,000||$65,000||$1,675||5.56%|
|GRAND ISLAND, NE (FHA|USDA|VA)||1||$35,000||$35,000||$628||3.50%|
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.
Similarity Rank: 242
Similarity Rank: 360
Similarity Rank: 420
Similarity Rank: 441
Similarity Rank: 483
Similarity Rank: 624
Similarity Rank: 624
Similarity Rank: 855
Similarity Rank: 931
Similarity Rank: 1020
For 2022, Liberty First's most frequently originated type of loan was Conventional, with 685 originations. Their 2nd most popular type was FHA, with 44 originations.
For 2022, Liberty First's most frequently cited loan purpose was Home Purchase, with 300 originations. The 2nd most popular reason was Cash Out Refi, with 260 originations.
For 2022, Liberty First's most frequently cited loan duration was 30 Year, with 342 originations. The 2nd most popular length was 10 Year, with 162 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Liberty First's average total fees were $3,182, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 536 originations.
During 2022, Liberty First's average interest rate for loans was 4.97%, while their most frequently originated rate bucket for loans was 5-6%, with 175 originations.
2022 saw Liberty First place emphasis on $100,000 or less loans with 324 originations, totaling $15,330,000 in origination value.
Liberty First lent most frequently to those with incomes in the $50k-75k range, with 187 originations. The second most popular income band? $75k-100k, with 170 originations.
Applicant Debt to Income Ratio
Liberty First lent most frequently to those with DTI ratios of 30-36%, with 122 originations. The next most common DTI ratio? 20-30%, with 122 originations.
Approval RatesTotal approvals of all applications
Liberty First has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Liberty First has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|