Last Updated: 04/18/2025
Freedom Mortgage Home Loans
Claimed
Last Updated: 04/18/2025
SuperMoney User Recommendation Score -25
Mostly not recommended12 total votes
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Highlights
Community Rating
Mostly not recommended
Credit Score Range
620 - 850
Amount Range
$175,000 - $2,500,000
No Origination Fee
Loan Term (Years)
9 - 30
Number of Reviews
Freedom Mortgage Home Loans Review
Freedom Mortgage Home Loans is offered by Freedom Mortgage Corporation (NMLS #2767), a direct lender founded in 1990 and based in Boca Raton, FL. Freedom Mortgage are available in 46 states and Washington, DC.
Key Takeaways
- Wide selection of mortgage programs offered. Freedom Mortgage Home Loans offers FHA, USDA, VA, jumbo, conforming, and conventional mortgages.
- Financing for single-family and multi-family properties. However, Freedom Mortgage Corporation does not offer financing for manufactured homes.
- Refinancing for large mortgages. You can refinance mortgages with balances of up to $2,500,000 with Freedom Mortgage Home Loans.
- Standard interest rates types. Freedom Mortgage Home Loans offers adjustable-rate mortgages and fixed-rate mortgages.
- Investment and personal use properties considered. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
- Fast process. In some cases you can close on your home loan within 2 business days.
- No origination fees. Freedom Mortgage Home Loans does not charge fees for processing your application.
- Fair credit accepted. Borrowers with a credit score as low as 620 may qualify for Freedom Mortgage Home Loans.
Freedom Mortgage Home Loans Pros & Cons
| Pros | Cons |
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Freedom Mortgage FAQ
How much can you borrow via Freedom Mortgage Corporation?
Freedom Mortgage 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?
Freedom Mortgage offers mortgages with terms ranging from 9 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 mortgage rates does Freedom Mortgage Corporation offer?
Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.
What is the estimated funding time?
Freedom Mortgage will typically fund mortgages within 2 and 3 days of approval.
Do they charge mortgage origination fees?
No, Freedom Mortgage does not charge a mortgage origination fee.
Some lenders charge an origination fee for processing, underwriting, and funding a mortgage. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
Does Freedom Mortgage charge prepayment fees?
No, Freedom Mortgage does not charge prepayment fees. This means you will not have to pay additional fees if you decide to repay the mortgage early.
What mortgage programs are available?
Besides conventional mortgages, Freedom Mortgage offers the following mortgage types:
- FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- Jumbo loans: Any mortgage with a loan amount above the conforming loan limits set by the Federal Housing Finance Agency.
- USDA loans: A zero down payment mortgage loan with low mortgage rates for suburban and rural homebuyers. The USDA doesn't require a minimum credit score, but most mortgage lenders require a minimum credit score of 640.
- VA loans: A zero down payment mortgage or a refinance of up to 100% of the home's value for American military members, veterans, and their spouses. VA loans offer competitive mortgage rates, and don't have a minimum credit score. However, the mortgage lenders that offer them will typically require a credit score of at least 640.
What property usage types does Freedom Mortgage allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Freedom Mortgage allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
- Investment properties and house flipping projects
What is the customer service phone number?
The customer service number for Freedom Mortgage Home Loans is (855) 690-5900.
What is the support contact email?
The support contact email for is ecommerce@freedommortgage.com.
How do people rate the customer service and user experience?
Overall, this business is mostly not recommended based on community reviews that rate customer service and user experience.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users mostly don't recommend this product, giving it a user recommendation score of -25, or 2.5 on a 5-point rating scale.
-25
-1000+100
No one recommends
Everyone recommends
Freedom Mortgage Home Loans Community Reviews
Would you recommend Freedom Mortgage Home Loans to your friends?
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
Borrowing from Freedom Mortgage seems like a pretty safe bet to me. They offer large or small amounts to be borrowed. Their availability is wide ranged and the support on the site seems great. I would recommend them to anyone looking to take out a mortgage.
IF
Iryna F.
Oct 15, 2022
May or may not recommend
Our mortgage was sold to Freedom Mortgage few years ago. Didn’t have any problems from the beginning, then monthly payments started to go up without proper clarification. Got home insurance renewed in August and payment came out from the escrow account, which is recorded on their website, yet in October received a notice that our home insurance was canceled in August and they’ll be buying another one instead. After spending ...Show More
SS
Santosh S.
Oct 13, 2022
May or may not recommend
I don't recommend this insurance company because it doesn't have a good brand name. It's better not to trust a company with low ratings despite offering better services. And, I saw some bad reviews about the company's negligence. The company's customers were complaining about the bully they had to face from the company.
Elaborating further, the insurance company lacks online resources like mobile apps to luxuriate its customers. This is ...Show More
JH
Janis H.
Oct 4, 2022
May or may not recommend
Borrowing from Freedom Mortgage seems like a pretty safe bet to me. They offer large or small amounts to be borrowed. Their availability is wide ranged and the support on the site seems great. I would recommend them to anyone looking to take out a mortgage.
Shaina M.
Aug 12, 2022
May or may not recommend
The only things I can say positive about this lender is they are one of the most understanding when it comes to credit challenges AND they offer penalty free early payments. Other than that they really push adjustable rates rather than fixed and their rate hikes are disgusting .
VK
Victoria K.
Jul 21, 2022
May or may not recommend
Unfortunately, I have heard horror stories about this mortgage company. I know someone whos home loan monthly payment and fees increased significantly after being sold to Freedom Mortgage Home Loans. It seems that fees won't accrue by the information provided here, but I believe hidden fees would be charged. This company seems a bit sketchy.
BP
Bailey P.
Mar 18, 2022
May or may not recommend
This company seems to be a bit behind in the times when it comes to accessibility online. There is no app available to check on my loan online which would be considered an inconvenience in how I keep my bills organized,
HU
Haley U.
Mar 17, 2022
May or may not recommend
There isn’t anything too special about Freedom loans, & it probably would not be my top pick. I do like the accepted credit range, however; If it weren’t for that, I wouldn’t have even been qualified!
Robert W.
Mar 13, 2022
May or may not recommend
Ultimately Freedom Mortgage, is not terrible but has 1 big area where it can and should improve. On the positive side the rates are lower than average and the process once you’ve actually gotten the ball rolling, is very streamlined by comparison to other mortgage groups. Their donations and support of veterans and groups like the Red Cross and Salvation Army are admirable. On the other hand ...Show More
LM
Louis M.
Mar 2, 2022
May or may not recommend
The process of applying for a mortgage is easy and their rates are friendly compared to the most popular lenders. I would recommend Freedom Mortgage to anyone looking for a home mortgage.
Sarah C.
Oct 8, 2020
May or may not recommend
My mortgage was sold to Freedom Mortgage shortly after I closed on my house. In the past three years, my mortgage has gone up almost one-hundred dollars per month. On top of that, I have had issues when contacting their customer service number. A lot of times they will end up transferring you to another department that isn’t even the correct department to begin with. I would not recommend doing ...Show More
U
Anonymous
May 26, 2016
May or may not recommend
Our neighborhood has deteriorated over the last 3 years, so my wife and I decided to buy a home in a nicer neighborhood and turn our current home into a rental. Freedom Mortgage bought the mortgage on our current home about 6 months ago, so we figured a new mortgage with them would be an easy process. We were wrong. So very wrong.
From the beginning we have been asked several ...Show More
Showing 12 of 12 reviews
