How much can you borrow via Freedom Mortgage Home Loans?

Freedom Mortgage Home Loans allows borrowers to apply for loan amounts of up to $2,500,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.

What is the maximum loan term you can get with Freedom Mortgage Home Loans?

Freedom Mortgage Home Loans offers mortgages with terms ranging from 15 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What is the estimated funding time for a home loan via Freedom Mortgage Home Loans?

Freedom Mortgage Home Loans will typically fund mortgages within 2 and 3 days of approval.

What mortgage programs does Freedom Mortgage Home Loans offer?

Freedom Mortgage Home Loans offers the following mortgage types:

• Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
• FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
• USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
• VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.

What property usage types does Freedom Mortgage Home Loans allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Freedom Mortgage Home Loans allows the following property usage types: 

• Primary home
• Secondary homes and vacation properties
• Investment properties and house flipping projects