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Top perks
Several loan options available even for borrowers with poor credit ratings
In addition to conventional loans, Freedom offers FHA loans, VA loans, and USDA loans. These government-sponsored loans have more flexible qualification requirements, including lower minimum down payments. Neither USDA nor VA loans require a down payment at all. Borrowers with low creditworthiness or minimal credit history are also eligible for this type of loan. Hence, you don’t necessarily need perfect financial credentials to qualify for a Freedom mortgage.
Freedom is an expert in government guaranteed loans
Freedom advertises itself as the # 1 VA and FHA lender in the country. While it is not exactly clear which metric was used, it is clear that the lender wants to help borrowers get approved for government-supported loans.
Not all lenders are ready to work with these loans, let alone specialize in them. The fact that Freedom bills itself as an expert could make the approval process easier.
Local offices across the country offer you plenty of personal assistance
Freedom offers loans in all 50 states and has an extensive network of loan officers across the country. You can easily get the personal support you need. Help is available to understand your mortgage options, secure pre-approval, or complete the application process. This is in stark contrast to many other lenders who have switched to largely online pre-approval and application processes with minimal assistance.
What could be improved
Freedom could provide more information on its tariffs
Freedom does not have any details about lending rates online. You can’t get a personalized quote without contacting a loan officer. You need interest rates that you can put into a mortgage calculator to understand your payment options. As a result, you have no idea beforehand what a Freedom loan would cost.
Many potential borrowers want to know if a lender’s interest rates are competitive before they sign up.
Freedom could offer an online pre-approval option
While it is nice to have the option to get personal help if you wish, many borrowers would prefer to have the option of pre-approval for a mortgage online. Hence, Freedom is not the best choice for those who would rather start the process without speaking to a loan officer.
Freedom charges lending fees
Freedom charges a fee for your loan. Some lenders do not rate these upfront costs. Depending on the type of loan and the interest rate, it can be cheaper to secure a loan without any lending fees.
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