Liberty Bank And Trust Company Mortgage Rates, Fees & Info

New Orleans, LA

LEI: 549300OJTK0IPSNDA832

Tax ID: 72-0719924

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Mortgage Data

Review & Overview

Liberty Bank And Trust Company is a smaller bank specializing in Home Purchase 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, Jackson, Atlanta, Vicksburg, and Baton Rouge among others. We have data for 28 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

182

Origination Dollar Volume (All Markets)

$49,460,000

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) 65 $19,865,000 $305,615 $0 0.00%
JACKSON, MS (FHA|USDA|VA) 27 $6,895,000 $255,370 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 13 $4,105,000 $315,769 $0 0.00%
Vicksburg, MS (FHA|USDA|VA) 14 $2,620,000 $187,143 $0 0.00%
BATON ROUGE, LA (FHA|USDA|VA) 4 $2,450,000 $612,500 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 14 $2,370,000 $169,286 $0 0.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 11 $1,785,000 $162,273 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $1,490,000 $745,000 $0 0.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $960,000 $480,000 $0 0.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 4 $780,000 $195,000 $0 0.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $655,000 $218,333 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $585,000 $585,000 $0 0.00%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $555,000 $555,000 $0 0.00%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
LOUISVILLE, KY (FHA|USDA|VA) 6 $400,000 $66,667 $0 0.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
MONTGOMERY, AL (FHA|USDA|VA) 2 $330,000 $165,000 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
LAFAYETTE, LA (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
Americus, GA (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
HATTIESBURG, MS (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
Liberty Bank And Trust Company's top markets include New Orleans, Jackson, Atlanta, Vicksburg, and Baton Rouge among others.

Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 123 $38,405,000 $312,236 $0 0.00%
    FHA 50 $9,150,000 $183,000 $0 0.00%
    USDA 7 $1,355,000 $193,571 $0 0.00%
    VA 2 $550,000 $275,000 $0 0.00%

    For 2022, Liberty Bank And Trust Company's most frequently originated type of loan was Conventional, with 123 originations. Their 2nd most popular type was FHA, with 50 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 130 $35,170,000 $270,538 $0 0.00%
    Refi 26 $8,420,000 $323,846 $0 0.00%
    Cash Out Refi 24 $5,400,000 $225,000 $0 0.00%
    Home Improvement 1 $215,000 $215,000 $0 0.00%
    Other 1 $255,000 $255,000 $0 0.00%

    For 2022, Liberty Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 130 originations. The 2nd most popular reason was Refi, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 182 $49,460,000 $271,758 $0 0.00%

    For 2022, Liberty Bank And Trust Company's most frequently cited loan duration was Other, with 182 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 74 $11,100,000 $150,000 $0 0.00%
    $200k-400k 60 $16,510,000 $275,167 $0 0.00%
    $400k-600k 20 $9,960,000 $498,000 $0 0.00%
    $100,000 or less 17 $1,065,000 $62,647 $0 0.00%
    $600k-1MM 6 $4,690,000 $781,667 $0 0.00%
    $1MM+ 5 $6,135,000 $1,227,000 $0 0.00%

    2022 saw Liberty Bank And Trust Company place emphasis on $100k-200k loans with 74 originations, totaling $11,100,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 41 $7,925,000 $193,293 $0 0.00%
    $50k or less 35 $4,925,000 $140,714 $0 0.00%
    $100k-150k 29 $8,245,000 $284,310 $0 0.00%
    $75k-100k 24 $5,250,000 $218,750 $0 0.00%
    $250k+ 21 $13,145,000 $625,952 $0 0.00%
    $150k-250k 14 $4,670,000 $333,571 $0 0.00%

    Liberty Bank And Trust Company lent most frequently to those with incomes in the $50k-75k range, with 41 originations. The second most popular income band? $50k or less, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 182 $49,460,000 $271,758 $0 0.00%

    Liberty Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 182 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Black 141 $38,805,000 $275,213 $0 0.00%
    Not applicable 17 $5,045,000 $296,765 $0 0.00%
    White 16 $3,560,000 $222,500 $0 0.00%
    Not provided 4 $990,000 $247,500 $0 0.00%
    American Indian 2 $770,000 $385,000 $0 0.00%
    Native Hawaiian or Islander 2 $290,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    81.74%

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

    Pick Rate

    Approvals leading to origination
    63.74%

    Liberty Bank And Trust Company 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
    Exempt 182 $49,460,000 $271,758

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    182 $49,460,000 $271,758