Freedom Mortgage

Freedom Mortgage: mortgage financing and loan servicing in the United States

Freedom Mortgage is a mortgage company headquartered in Boca Raton, Florida, that combines home purchase lending with mortgage portfolio servicing. Founded in 1990 by Stanley C. Middleman, the company presents itself as a family-owned business and states that it serves more than 2.6 million homeowners. Its activity is structured around two main areas: loan origination and mortgage servicing.

Mortgage products for home purchase

The company offers loans to purchase a home under various programs. These include VA loans, aimed at veterans and military personnel; FHA loans, designed for applicants with lower credit scores or fewer funds for a down payment; USDA loans, intended for buyers in rural and some suburban areas; and conventional loans, associated with borrowers in a strong credit and financial position. The website also allows users to get prequalified to estimate the home price the applicant can afford.

Refinancing and access to home equity

Freedom Mortgage offers several refinancing options. For VA loans, there is the VA Streamline Refinance (IRRRL), and for FHA loans, the FHA Streamline Refinance. It also offers cash-out refinancing for both VA and FHA loans, and home equity lines of credit (HELOC). The company states that loan holders can receive alerts when there is an opportunity to lower their interest rate or monthly payment, and that customers with an active loan can view personalized offers from their account.

Terms and interest rates

The catalog includes 15- and 30-year mortgages, with fixed-rate and adjustable-rate options. The company publishes information on interest rates and offers calculators to estimate home affordability, mortgage payment, refinance savings, and available equity. The website also warns that rates may vary and encourages users to get prequalified to finalize terms.

Mortgage servicing and customer care

In addition to lending, Freedom Mortgage provides mortgage servicing to more than 2.6 million homeowners. Customers can pay their mortgage, register or log in to their account, view FAQs, make transfers and wire payments, and contact the customer care team. The company also offers the option to speak with a loan advisor and has a mobile app to manage the mortgage.

Buying and selling a home with partner agents

Through Freedom Homes, the company connects users with local real estate agents to facilitate buying or selling a home. The website presents this option as a way to simplify the process and access savings for customers.

Track record, awards, and community commitment

The company states it has 35 years of activity and more than three million customers served. It describes itself as one of the leading national lenders and family-owned. In the awards section, the website mentions that it has been named a Top Workplace USA for several consecutive years, that it received the Fannie Mae STAR Performer award for nine years in a row, and that it was honored with the Corporate Philanthropy Award from Habitat for Humanity South Central New Jersey. Freedom Cares is its philanthropic arm, which channels employee participation in local initiatives. The company also has employment and internal development programs, such as HYPE, aimed at recent graduates and people seeking a career change.

Corporate and regulatory information

Freedom Mortgage Corporation operates under NMLS ID 2767 and presents itself as a lender committed to equal housing opportunity. Its headquarters is located at 951 Yamato Road, Suite 175, Boca Raton, FL 33431, United States. The company maintains Correspondent Lending and Wholesale Services divisions, and publishes legal disclosures, privacy policies, and state licensing information.

Location and contact

951 Yamato Road, Suite 175, Boca Raton, FL 33431