Liberty Savings Bank F.s.b. Mortgage Rates, Fees & Info

Wilmington, OH

LEI: 549300MU2YI0HXIT3257

Tax ID: 31-0361400

1 stars - Updated: 4/14/24 - out of 5 stars, based on 10 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Liberty Savings Bank F.s.b. is a smaller bank specializing in Other and Cash Out Refi loans. Liberty Savings Bank F.s.b. has an average proportion of conventional loans. Their top markets by origination volume include: Chicago, North Port, Port St. Lucie, Washington, and Kansas City among others. We have data for 50 markets. (Some data included below & more in-depth data is available with an active subscription.)

Liberty Savings Bank F.s.b. has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Liberty Savings Bank F.s.b. is typically an average 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.54% 4/14/24
30 Year Conventional Refi 6.42% 4/14/24
30 Year Cash-out Refi 6.67% 4/14/24
30 Year FHA Purchase 6.27% 4/14/24
15 Year Conventional Purchase 6.32% 4/14/24
15 Year Conventional Refi 6.04% 4/14/24
15 Year Cash-out Refi 6.04% 4/14/24
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 Savings Bank F.s.b. Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Liberty Savings Bank F.s.b.. 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

92

Origination Dollar Volume (All Markets)

$20,490,000

Relative Rate

Liberty Savings Bank F.s.b.'s average 30 year fixed mortgage rate was 10.11%.

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

This yields a difference of 3.63%.

Relative Fees (Closing Costs)

Liberty Savings Bank F.s.b.'s average total fees/closing costs for a 30 year fixed rate mortgage were $4,773.

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
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 13 $3,885,000 $298,846 $0 9.52%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 10 $2,090,000 $209,000 $4,983 7.56%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $1,680,000 $840,000 $0 8.75%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 3 $1,105,000 $368,333 $0 11.16%
KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $1,025,000 $341,667 $0 10.16%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $1,005,000 $335,000 $0 9.50%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 5 $985,000 $197,000 $0 9.90%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $815,000 $271,667 $0 9.91%
TUCSON, AZ (FHA|USDA|VA) 2 $610,000 $305,000 $0 10.37%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 3 $605,000 $201,667 $0 9.50%
RENO, NV (FHA|USDA|VA) 1 $395,000 $395,000 $0 11.49%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $345,000 $345,000 $0 9.50%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $335,000 $335,000 $0 9.50%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $325,000 $325,000 $0 9.50%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 3 $305,000 $101,667 $3,933 9.58%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $305,000 $305,000 $0 8.25%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $300,000 $150,000 $0 11.50%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $285,000 $285,000 $0 9.25%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $285,000 $285,000 $0 11.24%
MONTGOMERY, AL (FHA|USDA|VA) 1 $275,000 $275,000 $0 9.49%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $245,000 $245,000 $0 10.99%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $225,000 $225,000 $0 11.50%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $205,000 $205,000 $0 11.50%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $195,000 $195,000 $0 10.74%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $185,000 $185,000 $0 11.50%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $180,000 $90,000 $0 11.50%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $175,000 $175,000 $0 11.24%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $175,000 $175,000 $0 8.75%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $165,000 $165,000 $0 11.24%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $155,000 $155,000 $4,700 5.50%
BEND, OR (FHA|USDA|VA) 1 $135,000 $135,000 $0 11.50%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $125,000 $125,000 $0 10.99%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $125,000 $125,000 $0 10.99%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $115,000 $115,000 $0 11.24%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $105,000 $105,000 $0 11.24%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $105,000 $105,000 $0 11.50%
Brevard, NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 11.49%
GAINESVILLE, FL (FHA|USDA|VA) 1 $85,000 $85,000 $0 11.24%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $80,000 $40,000 $0 11.12%
Shelbyville, TN (FHA|USDA|VA) 1 $75,000 $75,000 $0 10.99%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $75,000 $75,000 $0 11.50%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $75,000 $75,000 $0 11.50%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $75,000 $75,000 $0 11.50%
Gaffney, SC (FHA|USDA|VA) 1 $55,000 $55,000 $0 11.24%
Outside of Metro Areas 1 $55,000 $55,000 $0 11.49%
MANSFIELD, OH (FHA|USDA|VA) 1 $45,000 $45,000 $0 10.99%
Wilmington, OH (FHA|USDA|VA) 1 $35,000 $35,000 $0 8.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $25,000 $25,000 $0 11.50%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $25,000 $25,000 $0 11.49%
Liberty Savings Bank F.s.b.'s top markets include Chicago, North Port, Port St. Lucie, Washington, and Kansas City among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Liberty Savings Bank F.S.B. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Michigan Legacy Credit Union
    Similarity Rank: 15
    South Metro Federal Credit Union
    Similarity Rank: 55
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 66
    Crossroads Bank
    Similarity Rank: 85
    Total Community Credit Union
    Similarity Rank: 94
    St James Mortgage Corporation
    Similarity Rank: 104
    MEMBERFOCUS COMMUNITY
    Similarity Rank: 162
    Dearborn Federal Savings Bank
    Similarity Rank: 184

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 86 $19,130,000 $222,442 n/a 10.19%
    Conventional 6 $1,360,000 $226,667 $4,761 6.35%

    For 2023, Liberty Savings Bank F.s.b.'s most frequently originated type of loan was HELOC, with 86 originations. Their 2nd most popular type was Conventional, with 6 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 46 $8,770,000 $190,652 $0 9.91%
    Cash Out Refi 40 $10,380,000 $259,500 $3,838 10.40%
    Home Purchase 5 $1,245,000 $249,000 $4,945 6.38%
    Home Improvement 1 $95,000 $95,000 $0 10.74%

    For 2023, Liberty Savings Bank F.s.b.'s most frequently cited loan purpose was Other, with 46 originations. The 2nd most popular reason was Cash Out Refi, with 40 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 83 $19,595,000 $236,084 $4,773 10.11%
    Other 8 $740,000 $92,500 $0 8.75%
    15 Year 1 $155,000 $155,000 $4,700 5.50%

    For 2023, Liberty Savings Bank F.s.b.'s most frequently cited loan duration was 30 Year, with 83 originations. The 2nd most popular length was Other, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 5 $1,005,000 $201,000
    $2k-3k 1 $355,000 $355,000

    Liberty Savings Bank F.s.b.'s average total fees were $4,773, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 5 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 80 $16,950,000 $211,875
    7-8% 7 $2,385,000 $340,714
    6-7% 3 $645,000 $215,000
    5-6% 2 $510,000 $255,000

    During 2023, Liberty Savings Bank F.s.b.'s average interest rate for loans was 10.11%, while their most frequently originated rate bucket for loans was Over 8%, with 80 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 30 $9,000,000 $300,000 $5,006 9.50%
    $100k-200k 28 $3,880,000 $138,571 $4,269 10.14%
    $100,000 or less 24 $1,400,000 $58,333 $0 10.58%
    $400k-600k 6 $3,020,000 $503,333 $0 9.25%
    $600k-1MM 3 $1,985,000 $661,667 $0 9.33%
    $1MM+ 1 $1,205,000 $1,205,000 $0 8.00%

    2023 saw Liberty Savings Bank F.s.b. place emphasis on $200k-400k loans with 30 originations, totaling $9,000,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 38 $4,780,000 $125,789 $0 11.03%
    $50k-75k 16 $3,840,000 $240,000 $4,700 9.89%
    $100k-150k 10 $1,990,000 $199,000 $4,983 8.50%
    $150k-250k 9 $4,335,000 $481,667 $0 9.55%
    $75k-100k 8 $2,270,000 $283,750 $4,457 8.43%
    $250k+ 3 $485,000 $161,667 $0 8.37%

    Liberty Savings Bank F.s.b. lent most frequently to those with incomes in the $50k or less range, with 38 originations. The second most popular income band? $50k-75k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    >60% 10 $1,980,000 $198,000 $0 10.28%
    20-30% 7 $895,000 $127,857 $4,287 8.57%
    30-36% 3 $575,000 $191,667 $6,281 8.20%
    40% 2 $70,000 $35,000 $0 8.00%
    50-60% 2 $140,000 $70,000 $0 10.12%
    44% 1 $295,000 $295,000 $0 8.75%
    36% 1 $35,000 $35,000 $0 10.25%
    47% 1 $155,000 $155,000 $4,700 5.50%
    49% 1 $305,000 $305,000 $5,076 6.88%
    46% 1 $305,000 $305,000 $0 8.25%
    37% 1 $205,000 $205,000 $3,933 7.25%
    42% 1 $105,000 $105,000 $0 9.25%

    Liberty Savings Bank F.s.b. lent most frequently to those with DTI ratios of >60%, with 10 originations. The next most common DTI ratio? 20-30%, with 7 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 85 $19,715,000 $231,941 $4,773 9.92%
    Not provided 5 $685,000 $137,000 $4,700 9.90%
    Black 1 $55,000 $55,000 $0 11.49%
    Asian 1 $35,000 $35,000 $0 10.25%

    Approval Rates

    Total approvals of all applications
    88.98%

    Liberty Savings Bank F.s.b. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    39.13%

    Liberty Savings Bank F.s.b. has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 92 $20,490,000 $222,717

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    92 $20,490,000 $222,717

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $3,525,000 $141,000 $3,838 10.39%
    40-60% 18 $4,400,000 $244,444 $4,700 9.87%
    60-80% 30 $10,630,000 $354,333 $5,364 9.67%
    80-100% 3 $965,000 $321,667 $3,933 8.42%
    Under 20% 16 $970,000 $60,625 $0 10.10%