1st Liberty Fcu Mortgage Rates, Fees & Info
Great Falls, MTLEI: 549300SQW7KBZFSQK518
Tax ID: 81-0257864
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Mortgage 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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Great Falls, Grand Forks, and Helena among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)1st Liberty Fcu has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
60Origination Dollar Volume (All Markets)
$4,690,000Top 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 |
|---|---|---|---|---|---|
| GREAT FALLS, MT (FHA|USDA|VA) | 38 | $2,560,000 | $67,368 | $0 | 0.00% |
| Outside of Metro Areas | 15 | $1,225,000 | $81,667 | $0 | 0.00% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 6 | $510,000 | $85,000 | $0 | 0.00% |
| Helena, MT (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 48 | $4,460,000 | $92,917 | $0 | 0.00% |
| FHA | 12 | $230,000 | $19,167 | $0 | 0.00% |
For 2018, 1st Liberty Fcu's most frequently originated type of loan was Conventional, with 48 originations. Their 2nd most popular type was FHA, with 12 originations.
Loan Reason
For 2018, 1st Liberty Fcu's most frequently cited loan purpose was Cash Out Refi, with 38 originations. The 2nd most popular reason was Home Improvement, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 60 | $4,690,000 | $78,167 | $0 | 0.00% |
For 2018, 1st Liberty Fcu's most frequently cited loan duration was Other, with 60 originations.
Loan Sizing
2018 saw 1st Liberty Fcu place emphasis on $100,000 or less loans with 45 originations, totaling $1,975,000 in origination value.
Applicant Income
1st Liberty Fcu lent most frequently to those with incomes in the $50k-75k range, with 22 originations. The second most popular income band? $50k or less, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 60 | $4,690,000 | $78,167 | $0 | 0.00% |
1st Liberty Fcu lent most frequently to those with DTI ratios of Exempt%, with 60 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.37%
1st Liberty Fcu has an average approval rate.
Pick Rate
Approvals leading to origination95.00%
1st Liberty Fcu has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 60 | $4,690,000 | $78,167 |