Liberty First Mortgage Rates, Fees & Info

Lincoln, NE

LEI: 549300IPZIRQSNKHX741

Tax ID: 47-0116167

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)

    • 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, Kearney, and Columbus 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 6.85% 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

    847

    Origination Dollar Volume (All Markets)

    $122,685,000
    Show all (16) 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
    LINCOLN, NE (FHA|USDA|VA) 707 $103,135,000 $145,877 $2,161 4.78%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 75 $11,175,000 $149,000 $2,188 4.76%
    Outside of Metro Areas 46 $5,990,000 $130,217 $2,076 5.12%
    Beatrice, NE (FHA|USDA|VA) 12 $1,460,000 $121,667 $2,565 5.00%
    Kearney, NE (FHA|USDA|VA) 2 $430,000 $215,000 $7,261 3.81%
    Columbus, NE (FHA|USDA|VA) 1 $275,000 $275,000 $0 4.75%
    GRAND ISLAND, NE (FHA|USDA|VA) 2 $120,000 $60,000 $1,033 4.63%
    North Platte, NE (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.50%
    Norfolk, NE (FHA|USDA|VA) 1 $25,000 $25,000 $573 8.75%
    Liberty First's top markets include Lincoln, Omaha, Beatrice, Kearney, and Columbus among others.

    Their top states include:
  • Nebraska (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.

    U.S. HOME MORTGAGE, INC.
    Similarity Rank: 162
    CHARTER WEST BANK
    Similarity Rank: 246
    Washington County Bank
    Similarity Rank: 255
    Central National Bank
    Similarity Rank: 290
    MUTUAL FIRST
    Similarity Rank: 297
    First State Bank
    Similarity Rank: 312
    LIBERTY FIRST
    Similarity Rank: 450
    Cobalt Credit Union
    Similarity Rank: 465
    CORNHUSKER BANK
    Similarity Rank: 616
    Lincoln FSB of Nebraska
    Similarity Rank: 855

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 668 $91,520,000 $137,006 $1,635 4.98%
    FHA 106 $18,180,000 $171,509 $4,508 4.12%
    USDA 38 $4,820,000 $126,842 $2,458 4.11%
    VA 35 $8,165,000 $233,286 $4,254 4.11%

    For 2018, Liberty First's most frequently originated type of loan was Conventional, with 668 originations. Their 2nd most popular type was FHA, with 106 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 491 $80,475,000 $163,900 $2,559 4.46%
    Cash Out Refi 142 $19,410,000 $136,690 $2,181 5.01%
    Refi 119 $18,755,000 $157,605 $2,060 4.71%
    Other 56 $2,330,000 $41,607 $541 6.46%
    Home Improvement 39 $1,715,000 $43,974 $610 6.14%

    For 2018, Liberty First's most frequently cited loan purpose was Home Purchase, with 491 originations. The 2nd most popular reason was Cash Out Refi, with 142 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 536 $95,690,000 $178,526 $2,639 4.48%
    15 Year 117 $15,975,000 $136,538 $2,144 4.80%
    10 Year 114 $5,830,000 $51,140 $904 5.28%
    20 Year 37 $3,755,000 $101,486 $1,022 5.97%
    5 Year 31 $875,000 $28,226 $488 6.33%
    Other 12 $560,000 $46,667 $939 6.85%

    For 2018, Liberty First's most frequently cited loan duration was 30 Year, with 536 originations. The 2nd most popular length was 15 Year, with 117 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 687 $96,295,000 $140,167
    $1k-2k 118 $17,840,000 $151,186
    $2k-3k 13 $3,165,000 $243,462
    $3k-4k 4 $1,850,000 $462,500
    $4k-5k 2 $820,000 $410,000
    $5k+ 1 $1,145,000 $1,145,000

    Liberty First's average total fees were $2,639, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 687 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 543 $87,585,000 $161,298
    3-4% 144 $22,210,000 $154,236
    5-6% 77 $9,885,000 $128,377
    Over 8% 39 $1,295,000 $33,205
    6-7% 23 $1,195,000 $51,957
    <2.5% 11 $55,000 $5,000
    7-8% 10 $460,000 $46,000

    During 2018, Liberty First's average interest rate for loans was 4.48%, while their most frequently originated rate bucket for loans was 4-5%, with 543 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 397 $58,465,000 $147,267 $2,403 4.53%
    $100,000 or less 277 $15,345,000 $55,397 $1,145 5.42%
    $200k-400k 156 $39,710,000 $254,551 $3,098 4.44%
    $400k-600k 13 $5,975,000 $459,615 $3,857 4.55%
    $600k-1MM 3 $2,045,000 $681,667 $5,747 4.00%
    $1MM+ 1 $1,145,000 $1,145,000 $10,887 5.00%

    2018 saw Liberty First place emphasis on $100k-200k loans with 397 originations, totaling $58,465,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 228 $32,530,000 $142,675 $2,314 4.60%
    $50k or less 212 $21,990,000 $103,726 $2,044 4.66%
    $75k-100k 189 $28,245,000 $149,444 $2,263 5.00%
    $100k-150k 146 $27,040,000 $185,205 $2,205 4.91%
    $150k-250k 59 $8,325,000 $141,102 $1,496 4.98%
    $250k+ 7 $3,385,000 $483,571 $5,077 4.61%

    Liberty First lent most frequently to those with incomes in the $50k-75k range, with 228 originations. The second most popular income band? $50k or less, with 212 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 161 $21,475,000 $133,385 $1,814 4.68%
    30-36% 142 $19,840,000 $139,718 $2,221 4.84%
    50-60% 68 $10,660,000 $156,765 $3,157 4.99%
    <20% 47 $4,315,000 $91,809 $1,363 3.86%
    40% 41 $5,915,000 $144,268 $2,019 4.81%
    38% 39 $5,255,000 $134,744 $2,376 4.91%
    39% 38 $5,470,000 $143,947 $2,134 4.70%
    41% 37 $5,455,000 $147,432 $1,786 4.83%
    42% 35 $5,395,000 $154,143 $2,072 5.17%
    37% 34 $5,080,000 $149,412 $1,948 5.02%
    44% 30 $4,950,000 $165,000 $2,567 5.23%
    43% 27 $5,165,000 $191,296 $2,271 4.91%
    49% 27 $5,625,000 $208,333 $2,406 5.07%
    46% 27 $3,905,000 $144,630 $2,290 4.72%
    47% 24 $3,430,000 $142,917 $2,007 5.31%
    45% 22 $3,280,000 $149,091 $2,759 4.84%
    36% 20 $3,050,000 $152,500 $2,534 4.40%
    >60% 14 $1,660,000 $118,571 $1,561 4.58%
    48% 13 $2,005,000 $154,231 $2,621 5.01%

    Liberty First lent most frequently to those with DTI ratios of 20-30%, with 161 originations. The next most common DTI ratio? 30-36%, with 142 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 791 $114,295,000 $144,494 $2,160 4.81%
    Black 20 $3,090,000 $154,500 $2,394 4.77%
    Asian 14 $2,330,000 $166,429 $2,461 4.85%
    Not provided 14 $2,040,000 $145,714 $2,058 4.64%
    American Indian 7 $725,000 $103,571 $2,409 4.53%
    Other Asian 1 $205,000 $205,000 $4,187 3.75%

    Approval Rates

    Total approvals of all applications
    94.19%

    Liberty First has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.05%

    Liberty First has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 847 $122,685,000 $144,847

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $1,225,000 $245,000
    Single Family (1-4 Units):Manufactured 2 $150,000 $75,000
    Single Family (1-4 Units):Site-Built 840 $121,310,000 $144,417

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 66 $4,010,000 $60,758 $766 5.46%
    40-60% 48 $5,600,000 $116,667 $1,505 4.90%
    60-80% 223 $35,695,000 $160,067 $2,150 4.72%
    80-100% 412 $72,660,000 $176,359 $2,721 4.43%
    Over 100% 7 $2,035,000 $290,714 $6,110 4.04%
    Under 20% 91 $2,685,000 $29,505 $679 6.19%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Liberty Home Equity Solutions, Inc. Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    Liberty Home Equity Solutions, Inc. Reverse mortgage Struggling to pay mortgage 1 50.0%