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Last Updated: 04/18/2025

Freedom Mortgage Refinance

from Freedom Mortgage Corporation

Last Updated: 04/18/2025

Mostly not recommended12 total votes

3 users recommend

2 users are unsure

7 users don't recommend

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Highlights

Community Rating

Mostly not recommended

Credit Score Range

Starting at 620

Amount Range

Up to $2,500,000

Loan Term (Years)

9 - 30

Number of Reviews

Freedom Mortgage Refinance Review

Freedom Mortgage Refinance 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

No origination fees. Freedom Mortgage Refinance does not charge fees for processing your application.
Wide selection of mortgage programs offered. Freedom Mortgage Refinance refinances FHA, FHA 203k, USDA, VA, conforming, and conventional mortgages.
Financing for single-family and multi-family properties. However, Freedom Mortgage Corporation does not offer financing for manufactured homes.
Standard interest rates types. Freedom Mortgage Refinance offers adjustable-rate mortgages and fixed-rate mortgages.
Considers personal use and investment properties. Refinancing available for primary residences, secondary homes (e.g. vacation properties), and even investment homes such as rentals.
Fair credit accepted. Borrowers with a credit score as low as 620 may qualify for Freedom Mortgage Refinance.

Freedom Mortgage Refinance Pros & Cons

Pros

Cons

No origination fees.
No prepayment penalty.
Considers applicants with fair credit.
Offers financing for single-family homes, multi-family homes, and townhomes.
Available in 46 states.

No co-sign option available.

Freedom Mortgage Refinance FAQ

What is the maximum loan term for a mortgage refinance via Freedom Mortgage?

The term of a mortgage refinance will impact the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. Freedom Mortgage Refinance offers mortgage refinancing with terms ranging from 9 to 30 years.

How long does Freedom Mortgage take to refinance?

Freedom Mortgage does not provide details on the average time to close a refinance. However, it typically takes 30 to 45 days to complete a refinance. Of course, a lot depends on the market, the lender, and how long appraisals and inspections take.

Does Freedom Mortgage charge a mortgage origination fee?

No, Freedom Mortgage Refinance 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 Refinance 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 does Freedom Mortgage offer?

Freedom Mortgage Refinance 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%.
FHA 203k: An FHA mortgage you can also use to finance home improvements.
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 allow?

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

Primary home
Secondary homes and vacation properties

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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.

Contact

Headquarters

951 Yamato Road

Boca Raton, FL 33431

(855) 690-5900

Visit Site

Email Support

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SuperMoney Net Recommendation Score

SuperMoney users mostly don't recommend this product, giving it a user recommendation score of -33, or 2.3 on a 5-point rating scale.

-33

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

Freedom Mortgage Refinance Community Reviews

Would you recommend Freedom Mortgage Refinance to your friends?

Mazhar C.

Nov 25, 2022

May or may not recommend

First time home buyer and I was very pleased with the process was quick and easy. I've been in my home for 1 year now and has not had any problems

Bryn P.

Jun 5, 2022

May or may not recommend

Freedom Mortgage was the very first mortgage company we ever used. The only reason why we went with them was because our builder gave us $10K in closing costs to use Freedom. In hindsight, we should have eaten the 10K and went with another lender. We have not had a good experience, and switched very quickly.

Anonymous

Apr 29, 2022

May or may not recommend

Do not recommend they hate their customers the agents are rude and don't care that the customer has been waiting for hours and when you do speak with someone, they ask you all these irrelevant questions, they're always changing your rate and they buy and sell your loan DO NOT GET A LOAN WITH FREEDOM MORTGAGE!!!

Vanessa J.

Apr 12, 2022

May or may not recommend

The poor response time by this company is a common concern and I prefer a company that puts their customers and their customers' needs first.

Jessica J.

Apr 4, 2022

May or may not recommend

First time home buyer and I was very pleased with the process was quick and easy. I've been in my home for 1 year now and has not had any problems

Marianna P.

Mar 19, 2022

May or may not recommend

I wouldn't recommend this company solely because of their poor customer service response.

Yannick M.

Mar 9, 2022

May or may not recommend

Here is some amazing fact about Freedom mortgage Refinance; Lower your interest rate. Lower your monthly payment. Save money on interest. Shorten your loan term

Presley P.

Mar 6, 2022

May or may not recommend

Poor customer service, past reviews say money is being help from them. Poorly run

Louis M.

Mar 2, 2022

May or may not recommend

When it comes to rates, they give friendly rates I personally got impressed with their offer. However, their customer service is not up to standard and communicating with them becomes hectic.

Umair A.

Mar 1, 2022

May or may not recommend

I have a relative that received a mortgage from them. At the start of the relationship they were very helpful but after 6 months in the service declined from bad to worst and they are simply stuck with these guys.

Dennis T.

Jul 28, 2020

May or may not recommend

They don;t respond at all to any messages regarding refinance that are left on the message section of a borrower's account page.

Kerry B.

Jul 8, 2020

May or may not recommend

I hope my previous review posted. The customer service at Freedom Mortgage has gotten very poor. Or maybe the poor service is only reserved for existing customers looking to refinance via streamline. There has been a significant lack of attention on the part of the Freedom team in regards to my refinance and I signed a loan disclosure for a matched rate from a competitor and I was sent ...Show More

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