Liberty Bank review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Liberty Bank lends through Liberty Bank for Savings for purchases, remortgages, first-time buyers and buy-to-let, with a fixed period of 30 years on its published rates. It suits borrowers who want the rate locked in for the long haul, and suits less well those shopping purely on the lowest headline rate.

Key facts

Best for
Borrowers who want their mortgage rate fixed for the long term rather than a short introductory spell.
Initial rate
6.75% (Source, checked September 26, 2026)
APRC
6.851% (Source, checked September 26, 2026)
Fixed period
30 years (Source, checked September 26, 2026)
Purpose
Purchase, Remortgage, First-time-buyer, Buy-to-let (Source, checked September 26, 2026)
Legal entity
Liberty Bank for Savings (Source, checked September 26, 2026)
Headquarters
United States (Source, checked September 26, 2026)
Founded
1898 (Source, checked September 26, 2026)
Support channels
Phone, Email, Help-centre (Source, checked September 26, 2026)
Official website
libertybank.com

Apps and profiles

Get the app
App Store
Elsewhere
LinkedIn

Pros and cons

Pros

  • A fixed period of 30 years, ranking 3 of 259 on term length.
  • Covers purchase, remortgage, first-time-buyer and buy-to-let lending under purchase, remortgage and first time buyer.
  • The lender is a bank rather than a broker, operating as Liberty Bank for Savings in US since 1898.
  • Help is offered through phone, email and help centre.

Cons

  • The cost score part is 1, and the APRC of 6.851% ranks 109 of 145.
  • An initial rate of 6.75% sits at 208 of 297, well down the initial rate table.
  • Contact runs on phone, email and help centre, with no branch or live chat listed.
Liberty Bank

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Scored 9.1 / 10 by BorrowCue.

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Who it suits

  • Buyers and remortgagers who want the rate held steady for decades rather than a short fixed spell.
  • First-time buyers, since purchase, remortgage and first time buyer covers purchases, remortgages, first-time buyers and buy-to-let.
  • People who prefer dealing with a deposit-taking bank, given Liberty Bank for Savings and FDIC cert 29009.

Who should look elsewhere

  • Prestalo, whose initial rate of 2.36% starts below the 6.75% shown here.
  • Creditilia ES, which lists an initial rate of 4%, also below 6.75%.
  • Sofkredit, where initial rates of 8% to 14% sit well above 6.75%.

Where it sits among rivals

On APRC it ranks 109 of 145, so it sits below the middle of the table it is measured against. Term length is its strength, ranking 3 of 259 on fixed period. The initial rate places it at 208 of 297, well down the list.

How Liberty Bank compares

Where Liberty Bank is available

Available
United States
Licence in United States
NMLS (787575), checked September 26, 2026
Licence in United States
State of Illinois, checked September 26, 2026
Licence in United States
FDIC (FDIC cert 29009), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

How long does Liberty Bank fix the mortgage rate for?+

The published rate is fixed for 30 years. That is the brand's standout feature: it ranks 3 of 259 lenders on fixed period, well ahead of the field. Borrowers who want certainty for the whole term are the ones it is built for.

What is the headline rate and the total cost?+

The initial rate is 6.75% and the APRC is 6.851%. That APRC ranks 109 of 145 lenders, so the long fix is not the cheapest way to borrow. The cost score part here is 1.

What kinds of borrowing does Liberty Bank lend for?+

The lender covers purchase, remortgage and first time buyer, which spans buying, remortgaging, first-time buyers and buy-to-let property. That range means both a new purchase and a switch of lender sit inside the same product set, and first-time buyers are included rather than handled separately.

Who regulates Liberty Bank?+

Licences are held with the NMLS in the US, recorded as 787575, and with the FDIC, recorded as FDIC cert 29009. The State of Illinois also appears among the regulators. The borrowing entity is Liberty Bank for Savings, a bank rather than a broker.

How long has the bank been around?+

It has been trading since 1898 and is headquartered in the United States. The legal entity behind the mortgages is Liberty Bank for Savings. For readers weighing a long fixed period, the age of the institution is part of the stability picture.

How do I get hold of the lender for help?+

Support runs on phone, email and help centre, so a call, an email or the help centre will each do. There is no branch network or live chat in that list, which matters if you prefer walking into a bank in person.

How does it compare with cheaper advertised rates?+

Cheaper starting points exist: Prestalo quotes 2.36% and Creditilia ES quotes 4%, both under the 6.75% here. Sofkredit is the reverse, with 8% to 14%. The choice is short fix against long fix.

Sources

  • banks.data.fdic.gov/bankfind-suite/bankfind/details/29009 checked September 26, 2026

    Backs: Legal entity, Headquarters, Licences

    “CERT=29009; NAME=Liberty Bank for Savings; WEBADDR=libertybank.com; ACTIVE=1”

  • libertybank.com checked September 26, 2026

    Backs: Founded

    “a conscious decision by the Bucktown residents who founded Liberty Bank in 1898”

  • libertybank.com/contact checked September 26, 2026

    Backs: Support channels

    “Get the ball rolling by filling out this form ... CUSTOMER SERVICE & ONLINE BANKING SUPPORT: 773.384.2030”

  • libertybank.com/mortgages checked September 26, 2026

    Backs: Purpose

    “Buying a Home in Chicagoland ... Refinancing an Existing Chicago-Area Mortgage ... Multi-Unit & Investment Property Financing ... Specializes In: First-time homebuyers”

  • libertybank.com/rates checked September 26, 2026

    Backs: Initial rate, APRC, Fixed period

    “30-Year Fixed 6.750% 6.851%”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Maximum loan to value.

Liberty Bank

Liberty Bank

Borrowers who want their mortgage rate fixed for the long term rather than a short introductory spell.

9.1/10See alternatives

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