Is Liberty First Credit Union a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Liberty First Credit Union to those of other lenders for a comparable set of borrowers. We maintain our independence by not accepting any money from the mortgage lenders we review. Going by historical data, here is our review of Liberty First Credit Union nationally:
|Review Item||Liberty First Credit Union|
|Interest Rate||similar to other lenders (-0.07%)|
|Loan Related Closing Costs||similar to other lenders (-$177)|
|National Rate and Closing Cost Star Rating||(4)|
On average, Liberty First Credit Union’s interest rates were similar to those of other lenders (-0.07%) for a comparable set of borrowers. Its loan related closing costs were also similar to those of other lenders, with a difference of -$177. Overall, combining interest rates and closing costs we estimate that Liberty First Credit Union tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 4 out of 5 stars. To visit Liberty First Credit Union, its website is located at: https://www.libertyfirstcu.com.
Liberty First Credit Union’s Rate Review by City
Mortgage lenders often set different rates in different geographical markets. In particular, among the cities we track Liberty First Credit Union was most active in:
In addition, Liberty First Credit Union is our top ranked/best mortgage lender in terms of interest rate and closing costs in:
- Lincoln, NE, for FHA mortgages
You can click through to check out Liberty First Credit Union’s mortgage rate relative to those of other lenders within each city. Or, for our entire list of the top mortgage lenders by city, click here.
Liberty First Credit Union’s Rate Review by Mortgage Type
Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Liberty First Credit Union originated Conforming, FHA, Jumbo, USDA and VA mortgages for new home purchases. It also originated Conforming, FHA, Jumbo and VA mortgages for refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.
|New Purchase Mortgages||Conforming||FHA||Jumbo||USDA||VA|
|Interest Rate Difference||-0.01%||-0.21%||+0.00%||-0.09%||-0.06%|
|Loan Related Closing Cost Difference||-$119||-$212||+$1||-$118||-$53|
|Cost Adjusted Rate Difference||-0.02%||-0.23%||+0.00%||-0.11%||-0.06%|
|National Star Rating|
|Interest Rate Difference||-0.06%||-0.19%||+0.00%||-0.09%|
|Loan Related Closing Cost Difference||-$228||-$266||+$0||-$238|
|Cost Adjusted Rate Difference||-0.10%||-0.22%||+0.00%||-0.11%|
|Average Star Rating|
As a summary, Liberty First Credit Union is cheap for FHA, USDA and VA purchase mortgages. It is similar to other lenders for Conforming and Jumbo purchase mortgages. For refinancing mortgages, Liberty First Credit Union is cheap for Conforming, FHA and VA mortgage refinance. It is similar to other lenders for Jumbo mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.
Other information about Liberty First Credit Union:
Registered city and state: LINCOLN, NE, 68503
Regulator: National Credit Union Administration (NCUA)
* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Liberty First Credit Union’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.