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
  • 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 Refi and 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 Sioux City among others. We have data for 12 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% 11/17/24
    30 Year Conventional Refi 6.93% 11/17/24
    30 Year Cash-out Refi 7.06% 11/17/24
    30 Year FHA Purchase 6.94% 11/17/24
    30 Year FHA Refi 6.60% 11/17/24
    30 Year VA Purchase 6.00% 11/17/24
    30 Year VA Refi 6.15% 11/17/24
    30 Year USDA Purchase 6.26% 11/17/24
    15 Year Conventional Purchase 6.35% 11/17/24
    15 Year Conventional Refi 6.39% 11/17/24
    15 Year Cash-out Refi 6.39% 11/17/24
    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

    1,612

    Origination Dollar Volume (All Markets)

    $298,670,000
    Show all (17) 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) 1,421 $260,555,000 $183,360 $2,136 3.15%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 84 $22,360,000 $266,190 $2,104 3.26%
    Outside of Metro Areas 69 $10,325,000 $149,638 $2,741 3.31%
    Beatrice, NE (FHA|USDA|VA) 22 $2,840,000 $129,091 $1,529 3.70%
    Kearney, NE (FHA|USDA|VA) 5 $705,000 $141,000 $1,674 2.97%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 2 $480,000 $240,000 $2,241 2.44%
    Fremont, NE (FHA|USDA|VA) 2 $330,000 $165,000 $3,638 3.94%
    Columbus, NE (FHA|USDA|VA) 1 $285,000 $285,000 $2,127 3.25%
    North Platte, NE (FHA|USDA|VA) 2 $260,000 $130,000 $3,414 3.50%
    GRAND ISLAND, NE (FHA|USDA|VA) 2 $230,000 $115,000 $1,180 2.75%
    Lexington, NE (FHA|USDA|VA) 1 $155,000 $155,000 $1,170 3.25%
    Hastings, NE (FHA|USDA|VA) 1 $145,000 $145,000 $1,849 3.00%
    Liberty First's top markets include Lincoln, Omaha, Beatrice, Kearney, and Sioux City 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: 154
    CREIGHTON FEDERAL CREDIT UNION
    Similarity Rank: 207
    KELLOGG MIDWEST FEDERAL CREDIT UNION
    Similarity Rank: 252
    MUTUAL FIRST
    Similarity Rank: 288
    South Metro Federal Credit Union
    Similarity Rank: 564
    LIBERTY FIRST
    Similarity Rank: 780
    Cobalt Credit Union
    Similarity Rank: 855
    METRO CU
    Similarity Rank: 880
    Central National Bank
    Similarity Rank: 900
    CORNHUSKER BANK
    Similarity Rank: 915

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,393 $254,085,000 $182,401 $1,851 3.25%
    FHA 111 $20,715,000 $186,622 $4,950 2.79%
    VA 86 $20,450,000 $237,791 $4,056 2.46%
    USDA 22 $3,420,000 $155,455 $3,312 2.81%

    For 2020, Liberty First's most frequently originated type of loan was Conventional, with 1,393 originations. Their 2nd most popular type was FHA, with 111 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 769 $143,965,000 $187,211 $1,803 2.91%
    Home Purchase 513 $102,135,000 $199,094 $2,914 3.10%
    Cash Out Refi 243 $35,515,000 $146,152 $1,692 3.81%
    Other 81 $14,295,000 $176,481 $2,485 3.97%
    Home Improvement 6 $2,760,000 $460,000 $904 4.21%

    For 2020, Liberty First's most frequently cited loan purpose was Refi, with 769 originations. The 2nd most popular reason was Home Purchase, with 513 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,083 $222,685,000 $205,619 $2,184 3.04%
    15 Year 301 $54,715,000 $181,777 $1,590 2.84%
    10 Year 128 $9,490,000 $74,141 $2,471 4.02%
    20 Year 56 $8,950,000 $159,821 $4,173 3.48%
    5 Year 33 $985,000 $29,848 $1,674 5.73%
    Other 10 $1,800,000 $180,000 $2,430 5.50%
    3 Year 1 $45,000 $45,000 $551 4.25%

    For 2020, Liberty First's most frequently cited loan duration was 30 Year, with 1,083 originations. The 2nd most popular length was 15 Year, with 301 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,418 $256,920,000 $181,185
    $1k-2k 115 $20,165,000 $175,348
    $2k-3k 17 $4,515,000 $265,588
    $3k-4k 4 $1,360,000 $340,000
    $5k+ 2 $940,000 $470,000
    $4k-5k 1 $625,000 $625,000

    Liberty First's average total fees were $2,184, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,418 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 659 $128,175,000 $194,499
    3-4% 434 $85,530,000 $197,074
    <2.5% 357 $67,575,000 $189,286
    4-5% 94 $14,230,000 $151,383
    5-6% 27 $1,705,000 $63,148
    6-7% 18 $680,000 $37,778
    Over 8% 18 $560,000 $31,111
    7-8% 5 $215,000 $43,000

    During 2020, Liberty First's average interest rate for loans was 3.04%, while their most frequently originated rate bucket for loans was 2.5-3%, with 659 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 768 $115,310,000 $150,143 $2,097 3.01%
    $200k-400k 527 $139,965,000 $265,588 $2,272 2.92%
    $100,000 or less 271 $16,385,000 $60,461 $1,935 4.08%
    $400k-600k 34 $15,800,000 $464,706 $2,419 2.98%
    $600k-1MM 8 $5,640,000 $705,000 $3,826 3.55%
    $1MM+ 4 $5,570,000 $1,392,500 $7,315 4.00%

    2020 saw Liberty First place emphasis on $100k-200k loans with 768 originations, totaling $115,310,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 467 $73,995,000 $158,448 $1,896 3.14%
    $100k-150k 324 $70,900,000 $218,827 $2,259 3.29%
    $75k-100k 324 $59,100,000 $182,407 $2,092 3.19%
    $50k or less 276 $34,750,000 $125,906 $1,986 3.17%
    $150k-250k 116 $29,800,000 $256,897 $3,112 3.18%
    $250k+ 24 $12,250,000 $510,417 $4,710 3.68%

    Liberty First lent most frequently to those with incomes in the $50k-75k range, with 467 originations. The second most popular income band? $100k-150k, with 324 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 347 $60,325,000 $173,847 $1,818 2.90%
    30-36% 266 $50,350,000 $189,286 $2,023 3.15%
    <20% 117 $18,895,000 $161,496 $1,519 2.89%
    44% 74 $13,240,000 $178,919 $2,294 3.44%
    43% 74 $12,850,000 $173,649 $2,549 3.39%
    50-60% 72 $14,560,000 $202,222 $3,207 3.53%
    40% 64 $12,320,000 $192,500 $4,051 3.40%
    41% 61 $11,375,000 $186,475 $3,339 3.68%
    42% 59 $12,195,000 $206,695 $2,054 3.28%
    39% 52 $9,720,000 $186,923 $1,768 3.81%
    48% 51 $11,105,000 $217,745 $2,568 3.10%
    37% 50 $9,870,000 $197,400 $1,693 3.38%
    49% 50 $8,960,000 $179,200 $1,726 3.20%
    38% 50 $7,660,000 $153,200 $2,332 3.24%
    36% 47 $10,055,000 $213,936 $2,089 3.27%
    45% 39 $8,675,000 $222,436 $1,626 3.24%
    47% 38 $6,660,000 $175,263 $2,006 3.18%
    46% 38 $6,250,000 $164,474 $2,205 3.17%
    >60% 5 $855,000 $171,000 $1,787 3.25%

    Liberty First lent most frequently to those with DTI ratios of 20-30%, with 347 originations. The next most common DTI ratio? 30-36%, with 266 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,423 $263,785,000 $185,372 $2,156 3.17%
    Not provided 121 $21,745,000 $179,711 $2,218 3.22%
    Asian 30 $5,820,000 $194,000 $1,483 2.90%
    Black 27 $5,535,000 $205,000 $2,550 3.28%
    American Indian 8 $1,550,000 $193,750 $1,536 2.84%
    Other Pacific Islander 1 $105,000 $105,000 $0 3.00%
    Native Hawaiian or Islander 1 $85,000 $85,000 $764 2.63%
    Vietnamese 1 $45,000 $45,000 $551 8.25%

    Approval Rates

    Total approvals of all applications
    96.63%

    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
    82.44%

    Liberty First has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,612 $298,670,000 $185,279

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,612 $298,670,000 $185,279

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 75 $5,925,000 $79,000 $1,058 4.14%
    40-60% 193 $27,715,000 $143,601 $1,482 2.88%
    60-80% 662 $134,930,000 $203,822 $1,677 3.00%
    80-100% 590 $125,940,000 $213,458 $2,655 3.06%
    Over 100% 5 $1,365,000 $273,000 $8,481 2.48%
    Under 20% 87 $2,795,000 $32,126 $4,816 5.05%