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As the 6th largest Ginnie Mae RMBS issuer nationwide in 2013, Freedom Mortgage is proud to be a leader in providing Federal Housing Administration loans across 50 states, Puerto Rico and Washington, D.C.*.

Freedom offers a variety of programs including:

  • First Time Homebuyers Program Up to 98.25% total LTV including UFMIP. Minimum 500 FICO with tri-merge credit report, and borrowers with No Credit Scores are eligible. Manufactured Housing with 640 FICO.
  • FHA Streamline Refinance with a Mortgage-Only Tri-merged credit report with NO APPRAISAL. Manufactured Housing with tri-merge credit report and 640 FICO.
  • FHA Fixed terms 10 Year, 15 Year, 20 Year, 25 Year and 30 Year terms. Odd terms allowed down to 240 months. 500 FICO and borrowers with No Score are eligible. Manufactured Housing permitted with 640 FICO.
  • FHA Jumbo 20 Year, 25 Year, and 30 Year Fixed Term. 3.5% cash down FICO scores as low as 500 and borrowers with NO Scores are eligible. Manufactured Housing permitted with 640 FICO.
  • FHA ARM programs 3/1 and 5/1 ARM. Margin: 2.25. Caps: 1/1/5. Index: 1 Year Treasury. Floor 2.25. 3.5% cash down with 98.25% total LTV financed UFMIP. 500 FICO and borrowers with No Score are eligible. Manufactured Housing permitted with 640 FICO.
  • FHA ARM Streamline Refinance with a Mortgage-Only Tri-merged credit report with NO APPRAISAL. Manufactured Housing permitted with tri-merge credit report and 640 FICO.

Please see product guides for complete product eligibility requirements. Contact your Account Executive for details.

Inside Mortgage Finance, 2014*

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As the 6th largest* Ginnie Mae RMBS issuer nationwide in 2013, Freedom Mortgage is proud to support our veterans and active duty military across 50 states, Puerto Rico and Washington, D.C.*.

Freedom offers a variety of programs including:

  • Purchase Program Up to 100% LTV plus funding fee. Minimum 500 FICO with tri-merge credit report and Veterans with No Score are eligible. Manufactured Housing permitted with 640 FICO. 90 Day Lock option available!
  • VA IRRRL Refinance with NO APPRAISAL and NO AVM. Minimum 500 FICO with a mortgage-only credit report. Manufactured Housing permitted with 640 FICO. No max LTV/CLTV.
  • VA Fixed terms 10 Year, 15 Year, 20 Year, 25 Year and 30 Year terms; odd terms allowed down to 240 months. Up to 100% LTV cash-out transactions. Veterans with 500 FICO and No Score are eligible for maximum financing!
  • VA Jumbo20 Year, 25 Year and 30 Year Fixed terms and 3/1 and 5/1 ARMs. 100% LTV with $0 down. Veterans with 500 FICO and NO Score are eligible for maximum financing.
  • VA ARM programs 3/1 and 5/1 ARM. Margin: 2.25. Caps: 1/1/5. Index: 1 Year Treasury. Floor: 2.25. Max 100% LTV plus funding fee. Veterans with 500 FICO and No Score are eligible for maximum financing!

Please see product guides for complete product eligibility requirements. Contact your Account Executive for details.

Inside Mortgage Finance, 2014*

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Freedom offers a variety of programs including:

  • Purchase Program Up to 95% LTV on Primary Residence. Second Home and Investment property financing available. 90 Day Lock option Available!
  • FNMA Fixed terms 10 Year, 15 Year, 20 Year, 25 Year, and 30 Year terms. Odd terms allowed down to 8 Years.
  • FNMA High Balance Fixed Rate  15 Year, 20 Year, 25 Year and 30 Year Fixed term up to 95% LTV on Primary Residence Purchase and Rate/Term refinance.
  • FNMA High Balance Adjustable Rate  5/1 ARM, 7/1 ARM and 10/1 ARMs available up to 90% LTV on Primary Residence Purchase and Rate/Term refinance.
  • FNMA HARP 2.0 15 Year, 20 Year, and 30 Year Fixed terms. Maximum LTV of 150% for all property types, no maximum CLTV/HCLTV!
  • FNMA ARM programs 5/1 Year Libor, 7/1 Year Libor, 10/1 Year Libor ARMs up to 90% maximum LTV on primary residence.
  • FNMA Texas 50(a)(6) Fixed Rate 10 Year, 15 Year, 20 Year and 30 Year terms detailing specific state requirements for Texas cash out refinances.
  • Home Ready Fixed Rate 10, 20, 25 and 30 Year Fixed Terms; High Balance Available Offers Expanded CLTV options.
  • Home Ready Adj. Rate 5/1, 7/1 and 10/1 LIBOR Arm; High Balance Available.

Please see product guides for complete product eligibility requirements. Contact your Account Executive for details.

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Freedom Mortgage is pleased to offer our Premier Jumbo program across 50 states, Puerto Rico and Washington, D.C.

  • Premier Jumbo 30 year & 15 year Fixed and 5/1, 7/1 & 10/1 ARM: Purchase and Limited Cash Out to 90% for Primary Residence with 740 FICO, Cash Out Refinance up to 70% LTV for Primary Residence. Minimum loan amount is always $1 above the Conforming loan limits established by the FHFA (Federal Housing Finance Agency). Maximum loan amount is $3,000,00.

Please see product guides for complete product eligibility requirements. Contact your Account Executive for details.

Freedom offers a variety of programs including:

Please see product guides for complete product eligibility requirements. Contact your Account Executive for details.

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  • Freedom Solution Fixed & ARM: The Solution program offering is a non-conforming loan product designed to offer expanded eligibility requirements, alternative income documentation, higher loan amounts for credit worthy borrower’s, and credit grades for recent derogatory events. The Alternative Lending Solutions Program contains Non-QM features, such as DTIs greater than 43% and Alt Doc for Self-Employed Borrowers, that must continue to meet Ability to Repay (ATR) requirements.

Overview

The CFPB's Ability-to-Repay Rule (ATR Rule) requires that the creditor/lender evaluate the applicant's ability to repay the loan before closing. By making a loan that meets the requirements for a "Qualified Mortgage" (QM), we are in presumed to be in compliance with the ATR Rule. If a loan is a QM, it carries protection from the borrower alleging that the creditor violated the ATR Rule.

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  • USDA Fixed Rate: 30 year term. Up to 100% LTV plus guarantee fee. Purchase and no-cash out refinance transactions available.
  • USDA Streamlined Assist: 30 year term. Up to 105% LTV including financed guarantee fee and closing costs, with no CLTV limit. No appraisal required.
  • Nearly 25 years of mortgage lending experience
  • Licensed In all 50 states, Puerto Rico, and Washington, D.C.
  • $45 Billion servicing portfolio with more than 230,000 loans
  • 80% of loans close within 30 days