Understanding 1st Liberty Loans

1st Liberty Loans are a type of loan that can be a great option for those in need of emergency funds. They offer a convenient way to access cash quickly.

1st Liberty Loans are designed to provide short-term financial assistance, with loan terms typically ranging from 24 to 72 months. This allows borrowers to pay off the loan over a period of time that works for them.

One of the key benefits of 1st Liberty Loans is that they can be used for a variety of purposes, including paying off high-interest debt, covering unexpected expenses, or financing a large purchase.

1st Liberty Loans is a private money lender based in San Diego, CA. They offer loans in California, with a focus on rental property loans for single-family residences.

First Liberty Funding is licensed by the DRE with license #01799052 and the NMLS with ID #305360.

They provide private money loans for projects like remodeling, with a 55% loan-to-value (LTV) ratio, as seen in the example of Anna's loan for a $160,000 house in Los Angeles.

The loan parameters for Anna's project included a 4% origination fee, a 12-month interest-only note with a 9% interest rate, and monthly payments of $660.

In the example of Joy's loan for a $220,000 house in Los Angeles, the loan had a 70% loan-to-value (LTV) ratio, a 12-month term, a 13% rate of interest, and a 2% origination fee.

Here are the key loan parameters for First Liberty Funding:

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1st Liberty's financial health is a top priority, and the numbers don't lie. The credit union has a Texas Ratio of 0.78%, which is significantly lower than the US average of 5.69. This means they have a solid foundation to absorb potential loan losses.

The net worth of 1st Liberty is also impressive, standing at 14.25% versus the BestCashCow average of 14.16%. This indicates a strong financial position, with total assets exceeding total liabilities.

Here's a breakdown of 1st Liberty's financials:

Their total assets are substantial, with $225,690 in non-current loans and $7,675 in owned assets. This is a significant amount, but they have $29,411,292 in net worth and $593,443 in loans loss reserves to cover potential losses.

The efficiency ratio of 69.89 suggests that 1st Liberty is operating efficiently, with a good balance between income and expenses.