Liberty Bank And Trust Company Mortgage Rates, Fees & Info

New Orleans, LA

LEI: 549300OJTK0IPSNDA832

Tax ID: 72-0719924

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

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Mortgage Data

Review & Overview

Liberty Bank And Trust Company is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Liberty Bank And Trust Company 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: New Orleans, Chicago, Los Angeles, Jackson, and Dallas among others. We have data for 29 markets. (Some data included below & more in-depth data is available with an active subscription.)

Liberty Bank And Trust Company 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.

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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Originations

172

Origination Dollar Volume (All Markets)

$51,250,000

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
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 68 $18,060,000 $265,588 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 28 $6,590,000 $235,357 $0 0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $4,420,000 $2,210,000 $0 0.00%
JACKSON, MS (FHA|USDA|VA) 17 $3,285,000 $193,235 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $2,870,000 $1,435,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $2,800,000 $1,400,000 $0 0.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 11 $1,915,000 $174,091 $0 0.00%
BATON ROUGE, LA (FHA|USDA|VA) 9 $1,815,000 $201,667 $0 0.00%
Taos, NM (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $1,315,000 $438,333 $0 0.00%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $1,265,000 $1,265,000 $0 0.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $700,000 $350,000 $0 0.00%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $595,000 $595,000 $0 0.00%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $515,000 $515,000 $0 0.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $465,000 $155,000 $0 0.00%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 2 $410,000 $205,000 $0 0.00%
Picayune, MS (FHA|USDA|VA) 2 $400,000 $200,000 $0 0.00%
Vicksburg, MS (FHA|USDA|VA) 3 $395,000 $131,667 $0 0.00%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
LOUISVILLE, KY (FHA|USDA|VA) 2 $260,000 $130,000 $0 0.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $260,000 $130,000 $0 0.00%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
Bogalusa, LA (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
Outside of Metro Areas 1 $175,000 $175,000 $0 0.00%
RACINE, WI (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
MOBILE, AL (FHA|USDA|VA) 2 $120,000 $60,000 $0 0.00%
Greenwood, MS (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Clarksdale, MS (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
MONTGOMERY, AL (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
Liberty Bank And Trust Company's top markets include New Orleans, Chicago, Los Angeles, Jackson, and Dallas among others.

Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Similar Lenders

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

    JEFFERSON FINANCIAL
    Similarity Rank: 80
    GREATER NEW ORLEANS
    Similarity Rank: 100
    Eureka Homestead
    Similarity Rank: 228
    KEESLER
    Similarity Rank: 231
    America's Mortgage Resource, Inc.
    Similarity Rank: 595
    Home Bank
    Similarity Rank: 817
    DSLD MORTGAGE, LLC
    Similarity Rank: 1242
    Origin Bank
    Similarity Rank: 1690
    CHEVRON
    Similarity Rank: 2205

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 133 $44,265,000 $332,820 $0 0.00%
    FHA 36 $6,290,000 $174,722 $0 0.00%
    VA 2 $490,000 $245,000 $0 0.00%
    USDA 1 $205,000 $205,000 $0 0.00%

    For 2023, Liberty Bank And Trust Company's most frequently originated type of loan was Conventional, with 133 originations. Their 2nd most popular type was FHA, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 119 $36,255,000 $304,664 $0 0.00%
    Cash Out Refi 38 $11,400,000 $300,000 $0 0.00%
    Refi 10 $2,170,000 $217,000 $0 0.00%
    Home Improvement 5 $1,425,000 $285,000 $0 0.00%

    For 2023, Liberty Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 119 originations. The 2nd most popular reason was Cash Out Refi, with 38 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 172 $51,250,000 $297,965 $0 0.00%

    For 2023, Liberty Bank And Trust Company's most frequently cited loan duration was Other, with 172 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 60 $8,460,000 $141,000 $0 0.00%
    $200k-400k 58 $16,220,000 $279,655 $0 0.00%
    $100,000 or less 27 $2,055,000 $76,111 $0 0.00%
    $400k-600k 16 $7,520,000 $470,000 $0 0.00%
    $1MM+ 8 $15,050,000 $1,881,250 $0 0.00%
    $600k-1MM 3 $1,945,000 $648,333 $0 0.00%

    2023 saw Liberty Bank And Trust Company place emphasis on $100k-200k loans with 60 originations, totaling $8,460,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 40 $6,040,000 $151,000 $0 0.00%
    $100k-150k 34 $9,360,000 $275,294 $0 0.00%
    $75k-100k 28 $6,150,000 $219,643 $0 0.00%
    $150k-250k 21 $6,935,000 $330,238 $0 0.00%
    $50k or less 21 $2,395,000 $114,048 $0 0.00%
    $250k+ 17 $17,585,000 $1,034,412 $0 0.00%

    Liberty Bank And Trust Company lent most frequently to those with incomes in the $50k-75k range, with 40 originations. The second most popular income band? $100k-150k, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 172 $51,250,000 $297,965 $0 0.00%

    Liberty Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 172 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Black 144 $42,660,000 $296,250 $0 0.00%
    White 14 $5,230,000 $373,571 $0 0.00%
    Not provided 5 $2,055,000 $411,000 $0 0.00%
    Not applicable 8 $1,030,000 $128,750 $0 0.00%
    Asian 1 $275,000 $275,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    75.97%

    Liberty Bank And Trust Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    72.67%

    Liberty Bank And Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 172 $51,250,000 $297,965

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    172 $51,250,000 $297,965