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

Wilmington, OH

LEI: 549300MU2YI0HXIT3257

Tax ID: 31-0361400

1 stars - Updated: 3/17/24 - out of 5 stars, based on 14 reviews

Latest/2022 | 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 Cash Out Refi and Home Purchase loans. Liberty Savings Bank F.s.b. has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Minneapolis, North Port, Fort Wayne, and Tampa among others. We have data for 51 markets. (Some data included below & more in-depth data is available with an active subscription.)

Liberty Savings Bank F.s.b. 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 Savings Bank F.s.b. is typically a high 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% 3/17/24
30 Year Conventional Refi 6.42% 3/17/24
30 Year Cash-out Refi 6.67% 3/17/24
30 Year FHA Purchase 6.27% 3/17/24
15 Year Conventional Purchase 6.32% 3/17/24
15 Year Conventional Refi 6.04% 3/17/24
15 Year Cash-out Refi 6.04% 3/17/24
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 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

190

Origination Dollar Volume (All Markets)

$56,070,000
Show all (11) awards

Relative Rate

Liberty Savings Bank F.s.b.'s average 30 year fixed mortgage rate was 5.39%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.63%.

Relative Fees (Closing Costs)

Liberty Savings Bank F.s.b.'s average total fees/closing costs for a 30 year fixed rate mortgage were $8,711.

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.

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
Outside of Metro Areas 30 $13,680,000 $456,000 $12,275 4.88%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 28 $10,610,000 $378,929 $10,679 4.63%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 32 $9,790,000 $305,938 $8,387 4.07%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 18 $4,330,000 $240,556 $5,035 4.25%
FORT WAYNE, IN (FHA|USDA|VA) 9 $1,635,000 $181,667 $4,701 4.74%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 8 $1,540,000 $192,500 $5,072 4.55%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 6 $1,300,000 $216,667 $0 8.16%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $1,015,000 $1,015,000 $0 5.99%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $900,000 $225,000 $0 7.43%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $840,000 $420,000 $3,616 5.75%
PUNTA GORDA, FL (FHA|USDA|VA) 3 $835,000 $278,333 $5,134 3.92%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $755,000 $251,667 $4,424 3.17%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $660,000 $330,000 $8,006 4.50%
BOULDER, CO (FHA|USDA|VA) 1 $535,000 $535,000 $15,476 5.13%
COLUMBUS, OH (FHA|USDA|VA) 4 $490,000 $122,500 $4,338 4.78%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $460,000 $230,000 $3,380 2.88%
Alexandria, MN (FHA|USDA|VA) 1 $455,000 $455,000 $9,752 2.38%
DULUTH, MN-WI (FHA|USDA|VA) 1 $415,000 $415,000 $7,826 5.38%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $390,000 $195,000 $3,759 6.81%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $385,000 $385,000 $0 6.99%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $365,000 $365,000 $9,724 5.63%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $335,000 $335,000 $0 5.24%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $325,000 $325,000 $6,665 5.63%
Norwalk, OH (FHA|USDA|VA) 1 $305,000 $305,000 $10,033 3.13%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $285,000 $285,000 $2,988 4.88%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $285,000 $285,000 $11,248 4.75%
Key West, FL (FHA|USDA|VA) 1 $265,000 $265,000 $0 5.49%
Warsaw, IN (FHA|USDA|VA) 1 $245,000 $245,000 $6,490 5.38%
WICHITA, KS (FHA|USDA|VA) 1 $245,000 $245,000 $2,922 2.50%
Huntington, IN (FHA|USDA|VA) 1 $215,000 $215,000 $7,145 3.38%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $215,000 $215,000 $3,175 3.00%
SPARTANBURG, SC (FHA|USDA|VA) 1 $215,000 $215,000 $5,200 3.25%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $155,000 $155,000 $6,475 3.88%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.74%
Brainerd, MN (FHA|USDA|VA) 1 $155,000 $155,000 $9,365 5.50%
Red Wing, MN (FHA|USDA|VA) 1 $145,000 $145,000 $5,904 4.25%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2 $120,000 $60,000 $0 7.49%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $115,000 $115,000 $0 7.74%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $105,000 $105,000 $0 10.49%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 9.99%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $85,000 $85,000 $0 9.99%
LOUISVILLE, KY (FHA|USDA|VA) 1 $75,000 $75,000 $0 9.99%
PITTSBURGH, PA (FHA|USDA|VA) 1 $75,000 $75,000 $0 9.24%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $75,000 $75,000 $0 9.24%
PEORIA, IL (FHA|USDA|VA) 1 $75,000 $75,000 $0 8.49%
RACINE, WI (FHA|USDA|VA) 1 $75,000 $75,000 $0 9.24%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.49%
KNOXVILLE, TN (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.24%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.49%
Portsmouth, OH (FHA|USDA|VA) 1 $35,000 $35,000 $0 8.49%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.99%
Liberty Savings Bank F.s.b.'s top markets include Denver, Minneapolis, North Port, Fort Wayne, and Tampa among others.

Their top states include:
  • Colorado (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Ohio (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.

    St James Mortgage Corporation
    Similarity Rank: 114
    BEACON CREDIT UNION
    Similarity Rank: 124
    CINFED Federal Credit Union
    Similarity Rank: 288
    Crossroads Bank
    Similarity Rank: 315
    ProFed Federal Credit Union
    Similarity Rank: 361
    Farmers & Merchants Savings Bank
    Similarity Rank: 384
    Eagle Savings Bank
    Similarity Rank: 384
    Cedar Point Federal Credit Union
    Similarity Rank: 546

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 145 $47,205,000 $325,552 $8,351 4.17%
    HELOC 45 $8,865,000 $197,000 n/a 7.85%

    For 2022, Liberty Savings Bank F.s.b.'s most frequently originated type of loan was Conventional, with 145 originations. Their 2nd most popular type was HELOC, with 45 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 87 $19,965,000 $229,483 $7,002 5.84%
    Home Purchase 76 $28,720,000 $377,895 $9,900 4.65%
    Refi 24 $6,670,000 $277,917 $6,184 3.56%
    Home Improvement 3 $715,000 $238,333 $4,853 3.33%

    For 2022, Liberty Savings Bank F.s.b.'s most frequently cited loan purpose was Cash Out Refi, with 87 originations. The 2nd most popular reason was Home Purchase, with 76 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 160 $48,270,000 $301,688 $8,711 5.39%
    15 Year 26 $6,840,000 $263,077 $7,213 3.17%
    20 Year 3 $635,000 $211,667 $5,671 3.46%
    Other 1 $325,000 $325,000 $4,858 2.13%

    For 2022, Liberty Savings Bank F.s.b.'s most frequently cited loan duration was 30 Year, with 160 originations. The 2nd most popular length was 15 Year, with 26 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 75 $31,555,000 $420,733
    $1k-2k 25 $6,485,000 $259,400
    $3k-4k 18 $3,420,000 $190,000
    $4k-5k 14 $3,190,000 $227,857
    $2k-3k 10 $1,910,000 $191,000
    $<1k 2 $380,000 $190,000

    Liberty Savings Bank F.s.b.'s average total fees were $8,711, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 75 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 51 $16,235,000 $318,333
    5-6% 41 $14,985,000 $365,488
    4-5% 26 $8,650,000 $332,692
    2.5-3% 22 $5,820,000 $264,545
    Over 8% 19 $2,815,000 $148,158
    6-7% 16 $4,130,000 $258,125
    7-8% 8 $1,360,000 $170,000
    <2.5% 7 $2,075,000 $296,429

    During 2022, Liberty Savings Bank F.s.b.'s average interest rate for loans was 5.39%, while their most frequently originated rate bucket for loans was 3-4%, with 51 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 70 $19,480,000 $278,286 $7,071 4.26%
    $100k-200k 48 $7,440,000 $155,000 $5,261 4.92%
    $400k-600k 35 $16,815,000 $480,429 $12,338 4.83%
    $100,000 or less 21 $1,185,000 $56,429 $4,661 8.10%
    $600k-1MM 14 $9,050,000 $646,429 $13,602 5.32%
    $1MM+ 2 $2,100,000 $1,050,000 $19,616 4.62%

    2022 saw Liberty Savings Bank F.s.b. place emphasis on $200k-400k loans with 70 originations, totaling $19,480,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 38 $4,690,000 $123,421 $5,660 6.33%
    $100k-150k 36 $11,320,000 $314,444 $8,459 4.65%
    $50k-75k 29 $5,905,000 $203,621 $5,324 5.02%
    $75k-100k 27 $7,265,000 $269,074 $7,960 4.39%
    $150k-250k 24 $9,970,000 $415,417 $10,011 4.05%
    $250k+ 24 $12,120,000 $505,000 $11,945 4.61%

    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? $100k-150k, with 36 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 36 $11,740,000 $326,111 $8,327 4.23%
    20-30% 28 $8,660,000 $309,286 $8,382 3.62%
    <20% 11 $2,935,000 $266,818 $7,203 3.42%
    49% 9 $2,815,000 $312,778 $7,663 4.40%
    43% 9 $2,825,000 $313,889 $8,452 4.60%
    48% 8 $2,900,000 $362,500 $8,657 4.03%
    40% 7 $2,765,000 $395,000 $10,047 4.98%
    45% 6 $2,560,000 $426,667 $11,592 4.90%
    41% 6 $2,010,000 $335,000 $7,677 4.46%
    46% 5 $1,285,000 $257,000 $5,829 4.65%
    42% 5 $1,465,000 $293,000 $6,828 4.88%
    36% 4 $1,360,000 $340,000 $7,897 3.78%
    39% 4 $930,000 $232,500 $7,142 3.50%
    37% 3 $1,175,000 $391,667 $11,228 5.79%
    47% 3 $955,000 $318,333 $7,631 5.00%
    44% 2 $350,000 $175,000 $7,955 4.81%
    38% 2 $740,000 $370,000 $12,661 5.13%

    Liberty Savings Bank F.s.b. lent most frequently to those with DTI ratios of 30-36%, with 36 originations. The next most common DTI ratio? 20-30%, with 28 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 165 $49,565,000 $300,394 $8,583 4.96%
    Not provided 11 $3,335,000 $303,182 $5,882 5.23%
    Asian 3 $1,485,000 $495,000 $10,506 3.71%
    Black 9 $1,195,000 $132,778 $4,399 6.97%
    Other Asian 1 $285,000 $285,000 $11,248 4.75%
    American Indian 1 $205,000 $205,000 $3,531 3.25%

    Approval Rates

    Total approvals of all applications
    92.31%

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

    Pick Rate

    Approvals leading to origination
    81.58%

    Liberty Savings Bank F.s.b. has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 190 $56,070,000 $295,105

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    190 $56,070,000 $295,105

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $4,730,000 $168,929 $7,078 6.60%
    40-60% 36 $9,200,000 $255,556 $6,688 4.63%
    60-80% 83 $30,095,000 $362,590 $8,947 4.52%
    80-100% 28 $10,430,000 $372,500 $9,198 4.44%
    Under 20% 15 $1,615,000 $107,667 $7,286 7.07%