Freedom Mortgage is one of the largest mortgage lenders and servicers in the United States, best known for helping veterans and active military members access VA loans. They also provide FHA, USDA, and conventional loan options. If your mortgage is with Freedom Mortgage — or you’re considering applying — here’s everything you need to know.
Who is Freedom Mortgage?
Founded in 1990, Freedom Mortgage has grown into a major player in the U.S. housing market. They serve borrowers nationwide and specialize in both originating new loans and servicing existing ones.
Types of Loans Offered by Freedom Mortgage
- VA Loans – Exclusive benefits for veterans and military families.
- FHA Loans – Ideal for first-time buyers with lower credit scores.
- USDA Loans – Great for rural homebuyers with no down payment.
- Conventional Loans – Flexible options for various borrowers.
- Refinance Loans – Options to lower your rate or cash out equity.
Freedom Mortgage Servicing
Like other servicers such as Mr. Cooper or RoundPoint Mortgage Servicing, Freedom Mortgage manages loan payments, escrow accounts, and refinancing for borrowers.
Benefits of Choosing Freedom Mortgage
- Wide range of government-backed loans.
- Strong focus on veterans and military families.
- Online tools for managing payments.
- Assistance programs for financial hardship.
Drawbacks and Considerations
- Customer service reviews can be mixed.
- Some borrowers report delays in communication.
- Like all lenders, rates and fees vary based on credit score and loan type.
Tips for Borrowers with Freedom Mortgage
- Monitor mortgage rates today to know when to refinance.
- Set up autopay to avoid late fees.
- Use the borrower portal to track payments and escrow.
- If military, take advantage of VA loan benefits.
Freedom Mortgage vs. Other Lenders
When compared to Mr. Cooper or large banks, Freedom Mortgage often has stronger VA loan expertise. However, always compare offers to ensure you get the best deal.
Considering a loan with Freedom Mortgage? Visit our Rates Today page to see current mortgage rates and explore our Resource Hub for calculators and guides.