Liberty Savings Bank F.s.b. Mortgage Rates, Fees & Info
Wilmington, OHLEI: 549300MU2YI0HXIT3257
Tax ID: 31-0361400
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.54% | 4/19/24 |
| 30 Year Conventional Refi | 6.42% | 4/19/24 |
| 30 Year Cash-out Refi | 6.67% | 4/19/24 |
| 30 Year FHA Purchase | 6.27% | 4/19/24 |
| 15 Year Conventional Purchase | 6.32% | 4/19/24 |
| 15 Year Conventional Refi | 6.04% | 4/19/24 |
| 15 Year Cash-out Refi | 6.04% | 4/19/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
92Origination Dollar Volume (All Markets)
$20,490,000Relative 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% |
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.
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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
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
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
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
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
Approval Rates
Total approvals of all applications88.98%
Liberty Savings Bank F.s.b. has an average approval rate.
Pick Rate
Approvals leading to origination39.13%
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 |