Liberty First Mortgage Rates, Fees & Info

Lincoln, NE

LEI: 549300IPZIRQSNKHX741

Tax ID: 47-0116167

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Mortgage Data

Review & Overview

Liberty 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.

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

746

Origination Dollar Volume (All Markets)

$105,260,000
Show all (9) 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) 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%
Liberty First's top markets include Lincoln, Omaha, Beatrice, Hastings, and Fremont 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: 91
    METRO CU
    Similarity Rank: 176
    CENTRIS FEDERAL CREDIT UNION
    Similarity Rank: 225
    Cobalt Credit Union
    Similarity Rank: 330
    Equitable Bank
    Similarity Rank: 714
    Five Points Bank
    Similarity Rank: 720
    First State Bank
    Similarity Rank: 720
    First Nebraska Bank
    Similarity Rank: 836
    LIBERTY FIRST
    Similarity Rank: 1260
    CORNHUSKER BANK
    Similarity Rank: 1292

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 685 $91,405,000 $133,438 $1,445 5.38%
    FHA 44 $9,580,000 $217,727 $6,244 4.66%
    VA 13 $3,815,000 $293,462 $5,824 4.07%
    HELOC 2 $200,000 $100,000 n/a 7.63%
    USDA 2 $260,000 $130,000 $3,813 5.56%

    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.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 300 $58,610,000 $195,367 $3,004 5.22%
    Cash Out Refi 260 $16,950,000 $65,192 $836 6.13%
    Refi 184 $29,470,000 $160,163 $1,927 4.32%
    Home Improvement 2 $230,000 $115,000 $1,618 5.38%

    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 342 $73,220,000 $214,094 $3,182 4.97%
    10 Year 162 $7,660,000 $47,284 $549 5.76%
    15 Year 106 $16,360,000 $154,340 $1,635 4.77%
    5 Year 63 $2,515,000 $39,921 $504 5.44%
    20 Year 54 $4,370,000 $80,926 $890 6.37%
    Other 18 $1,120,000 $62,222 $963 7.37%
    3 Year 1 $15,000 $15,000 $633 9.00%

    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
    $<1k 536 $61,730,000 $115,168
    $1k-2k 160 $27,730,000 $173,313
    $2k-3k 34 $10,120,000 $297,647
    $3k-4k 10 $4,070,000 $407,000
    $4k-5k 2 $700,000 $350,000
    $5k+ 2 $710,000 $355,000

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 175 $29,745,000 $169,971
    4-5% 174 $27,070,000 $155,575
    3-4% 134 $20,980,000 $156,567
    6-7% 108 $13,700,000 $126,852
    7-8% 49 $3,575,000 $72,959
    Over 8% 48 $2,890,000 $60,208
    2.5-3% 36 $5,260,000 $146,111
    <2.5% 22 $2,040,000 $92,727

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 324 $15,330,000 $47,315 $729 5.81%
    $100k-200k 223 $33,065,000 $148,274 $2,255 5.03%
    $200k-400k 179 $47,345,000 $264,497 $3,227 4.88%
    $400k-600k 19 $8,835,000 $465,000 $5,617 4.39%
    $600k-1MM 1 $685,000 $685,000 $0 5.88%

    2022 saw Liberty First place emphasis on $100,000 or less loans with 324 originations, totaling $15,330,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 187 $23,325,000 $124,733 $1,979 5.17%
    $75k-100k 170 $24,070,000 $141,588 $1,838 5.55%
    $100k-150k 163 $25,675,000 $157,515 $1,862 5.36%
    $50k or less 109 $9,925,000 $91,055 $1,706 5.33%
    $150k-250k 67 $12,645,000 $188,731 $2,279 5.37%
    $250k+ 50 $9,620,000 $192,400 $1,349 4.83%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 122 $18,120,000 $148,525 $2,039 5.16%
    20-30% 122 $17,010,000 $139,426 $1,954 4.89%
    50-60% 75 $10,665,000 $142,200 $1,750 5.60%
    49% 40 $5,210,000 $130,250 $1,896 5.52%
    40% 40 $4,520,000 $113,000 $1,213 5.89%
    43% 33 $5,005,000 $151,667 $1,928 5.82%
    44% 30 $3,850,000 $128,333 $1,832 5.32%
    >60% 28 $4,750,000 $169,643 $1,078 5.19%
    45% 27 $3,935,000 $145,741 $2,288 5.44%
    37% 27 $4,565,000 $169,074 $1,951 5.18%
    42% 25 $3,625,000 $145,000 $1,848 5.94%
    <20% 25 $2,965,000 $118,600 $1,935 4.19%
    36% 24 $3,140,000 $130,833 $1,714 4.77%
    46% 24 $3,780,000 $157,500 $2,015 5.49%
    47% 22 $3,350,000 $152,273 $1,873 6.57%
    41% 22 $3,380,000 $153,636 $1,850 5.07%
    38% 22 $2,910,000 $132,273 $2,304 4.98%
    39% 21 $2,835,000 $135,000 $1,832 5.12%
    48% 17 $1,645,000 $96,765 $1,154 6.35%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 623 $88,105,000 $141,421 $1,897 5.26%
    Not provided 80 $9,470,000 $118,375 $1,452 5.59%
    Black 20 $3,420,000 $171,000 $2,403 6.01%
    Asian 9 $2,135,000 $237,222 $2,498 6.12%
    American Indian 9 $1,325,000 $147,222 $1,768 4.96%
    Other Asian 4 $660,000 $165,000 $1,784 4.59%
    Native Hawaiian or Islander 1 $145,000 $145,000 $1,882 6.25%

    Approval Rates

    Total approvals of all applications
    98.07%

    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
    87.13%

    Liberty First has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 746 $105,260,000 $141,099

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    746 $105,260,000 $141,099

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 84 $6,420,000 $76,429 $1,012 6.06%
    40-60% 64 $8,830,000 $137,969 $2,017 5.01%
    60-80% 183 $36,425,000 $199,044 $2,308 4.78%
    80-100% 212 $45,290,000 $213,632 $3,365 5.04%
    Over 100% 2 $720,000 $360,000 $12,115 5.31%
    Under 20% 201 $7,575,000 $37,687 $450 5.88%