Freedom Mortgage Corporation
Founded in 1990, Freedom Mortgage is a privately held, mortgage lender and servicer, licensed in all 50 states, with 8 operation centers nationwide. As our nation’s every-person mortgage company, we are on a mission to help everyone achieve the dream of home ownership. We are a member of the Mortgage Bankers Association, the National Association of Mortgage Brokers, and we are one of largest originators of FHA/VA (GNMA) loans nationwide. We have over 5,200 employees, more than 1 million customers that we service every day, and we are funding over 6 billion dollars in loans each month. Freedom Mortgage acquired J.G. Wentworth Home Lending in October of 2019 and are thrilled to welcome them to the Freedom family. Freedom Mortgage Corporation 907 Pleasant Valley Avenue, Mt. Laurel, NJ 08054 Lender NMLS ID: 2767
Emily was very responsive to our needs. Emily kept us informed of the re-finance process along the way. We planned to be out of town about the time our loan documents may have been ready to sign. I told her of the problem a week or so in advance and requested to sign papers before we left, if possible. She checked into progress immediately and got things going so we could finish signing before our trip.
By: Sharon M
The entire process was easy and organized. Everything went as schedule. The only problem I had was not being able to contact my assigned loan rep when I tried to contact him by phone and by email. The phone number and email that was given on the loan application was useless. No one ever answer either or return my calls or email. I was able to find another phone number and call the company to have my questions answer and they answer all my questions in a sound and timely manner. Overall, everything was good.
I had three goals with our refinance. I wanted the very best rates, an easy process and my personal information kept private. Emily hit all those goals. She returned all my calls, texts an emails immediately and professionally.
By: Joshua L
I couldn't be more happy with our experience with Emily during our refinance. She was quick to get back to us with information and different options. And once we decided to go forward, she walked us through the process and made sure that everything was going smoothly and was there to answer any questions. She also frequently checked in with us to let us know what the status was and what we could expect going forward. And best of all, she got us a fantastic rate! Thank so much you Emily!!!
By: Matthew G
Emily is a professional in every sense of the word. She guided us through our home refinance with accuracy and efficiency. Throughout the process, she kept us informed and confident that we chose the right person to handle our mortgage refinance. I am beyond impressed with Emily’s professionalism and our loan, especially considering how inundated the industry is with refinance loans right now. I would recommend Emily to anybody seeking a mortgage or refinance.
By: Steven L
Freedom Mortgage is a lender with headquarters in Mount Laurel, N.J. Founded in 1990, Freedom now operates in all 50 states. Freedom services more than 1 million customers, providing both commercial and residential mortgages and refinances. But it is perhaps most known as a lender to military veterans and active servicemembers. Freedom originated more U.S. Department of Veterans Affairs loans than any other company in 2017. It was 11th in overall mortgages that same year, with 80,000 total originations. In the second quarter of fiscal year 2019, Freedom was the seventh-largest VA lender, with more than $700 million in loans originated.
Freedom’s website is unclear on some issues, so you will need to speak directly with the lender to obtain complete information. LendingTree was not able to get comment from a Freedom representative for this story.
Freedom Mortgage is licensed in all 50 states and the Virgin Islands, the District of Columbia and Puerto Rico. Loan officers are located in New Jersey, Rhode Island, New York and Maryland.
The minimum credit score required for Freedom Mortgage home loans is not made clear on the company’s website. It says lower scores can be accepted for VA loans, as the VA doesn’t require a minimum, and USDA loans are “flexible” with scores. The same generalization goes for an FHA loan, which needs a credit score of 500 or higher, and a conventional loan, which typically needs at least a 620.
The Eagle Eye Pledge is a special program Freedom Mortgage offers to borrowers. This program allows the company to actively keep tabs on ways borrowers can save money. The company looks for lower rates and special products or programs that can benefit the borrower’s individual financial needs. The program can also provide information on how borrowers can profit as their property values rise.
You can start the Freedom Mortgage application process by providing basic information (e.g., your name and purchase amount) on an online form. Here’s what you can expect during the process:
There are many aspects to consider when deciding on a mortgage loan with a potential lender. It’s smart to do extensive research when shopping around. Let’s look at some of the pros and cons of Freedom Mortgage to help determine whether this lender might be a good fit for you.
Editorial Note: Parts of this article were reviewed by a lender to ensure accuracy prior to publication. The overall conclusions, recommendations and opinions are the author’s alone.
The information in this article is accurate as of the date of publishing.