1st Liberty Fcu Mortgage Rates, Fees & Info

Great Falls, MT

LEI: 549300SQW7KBZFSQK518

Tax ID: 81-0257864

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

Review & Overview

1st Liberty Fcu is a smaller credit union specializing in Cash Out Refi loans. 1st Liberty Fcu has a high proportion of conventional loans.

1st Liberty Fcu 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.

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Originations

Origination Dollar Volume (All Markets)

$1,725,000

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
Outside of Metro Areas	27	$1,725,000	$63,889	$1,664	5.34%

1st Liberty Fcu's top markets include

Their top states include:

Montana (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	27	$1,725,000	$63,889	$1,664	5.34%

For 2023, 1st Liberty Fcu's most frequently originated type of loan was Conventional, with 27 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Cash Out Refi	15	$965,000	$64,333	$1,600	5.18%
Home Improvement	7	$295,000	$42,143	$1,137	5.49%
Refi	3	$225,000	$75,000	$2,133	5.57%
Home Purchase	2	$240,000	$120,000	$3,283	5.62%

For 2023, 1st Liberty Fcu's most frequently cited loan purpose was Cash Out Refi, with 15 originations. The 2nd most popular reason was Home Improvement, with 7 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
10 Year	11	$645,000	$58,636	$1,330	5.61%
5 Year	6	$120,000	$20,000	$776	5.03%
Other	5	$315,000	$63,000	$2,016	4.65%
20 Year	3	$325,000	$108,333	$2,607	5.82%
15 Year	2	$320,000	$160,000	$3,869	5.74%

For 2023, 1st Liberty Fcu's most frequently cited loan duration was 10 Year, with 11 originations. The 2nd most popular length was 5 Year, with 6 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	22	$960,000	$43,636
$1k-2k	5	$765,000	$153,000

1st Liberty Fcu's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 22 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
5-6%	14	$1,150,000	$82,143
4-5%	11	$445,000	$40,455
6-7%	2	$130,000	$65,000

During 2023, 1st Liberty Fcu's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 14 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	22	$960,000	$43,636	$1,286	5.32%
$100k-200k	5	$765,000	$153,000	$3,326	5.40%

2023 saw 1st Liberty Fcu place emphasis on $100,000 or less loans with 22 originations, totaling $960,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	9	$605,000	$67,222	$1,843	5.19%
$100k-150k	8	$700,000	$87,500	$1,999	5.65%
$50k-75k	4	$160,000	$40,000	$1,262	5.07%
$150k-250k	3	$155,000	$51,667	$1,062	5.66%
$75k-100k	3	$105,000	$35,000	$1,373	4.99%

1st Liberty Fcu lent most frequently to those with incomes in the $50k or less range, with 9 originations. The second most popular income band? $100k-150k, with 8 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	13	$905,000	$69,615	$1,652	5.67%
<20%	5	$175,000	$35,000	$1,374	4.80%
30-36%	3	$255,000	$85,000	$2,172	5.07%
36%	2	$100,000	$50,000	$1,486	5.37%
41%	2	$230,000	$115,000	$2,725	4.87%
44%	1	$15,000	$15,000	$745	4.99%
40%	1	$45,000	$45,000	$896	5.74%

1st Liberty Fcu lent most frequently to those with DTI ratios of 20-30%, with 13 originations. The next most common DTI ratio? <20%, with 5 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	23	$1,575,000	$68,478	$1,796	5.32%
American Indian	2	$80,000	$40,000	$850	5.49%
Not provided	1	$45,000	$45,000	$896	5.74%
Black	1	$25,000	$25,000	$1,030	4.99%

Approval Rates

Total approvals of all applications
82.93%

1st Liberty Fcu has a below average approval rate.

Pick Rate

Approvals leading to origination
74.07%

1st Liberty Fcu has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	27	$1,725,000	$63,889

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	27	$1,725,000	$63,889

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	6	$400,000	$66,667	$1,624	5.70%
40-60%	6	$680,000	$113,333	$2,645	5.21%
60-80%	1	$185,000	$185,000	$4,436	5.74%
Under 20%	14	$460,000	$32,857	$1,063	5.21%