Applications / Mortgage Analytics / Lenders / Florida / Freedom Mortgage
Boca Raton, FL · Independent non-bank lender · CFPB · 69,982 loans in 2025
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69,982
loans originated, 2025
165,453
applications, 2025
51
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Freedom Mortgage is a refinance lender built on government-backed loans, which made up nearly nine in ten of its loans, and it grew 22% in 2025, a little faster than similar lenders.
VA loans (guaranteed by the Department of Veterans Affairs) were 49.7% of its lending and FHA loans (insured by the Federal Housing Administration) 39.5%; similar lenders (independent non-bank lenders making between half and twice as many loans) were at 9.3% and 21.3%. Its FHA share was the highest among them. Refinances were 83.9% of its loans, home purchases 15.5%.
It made 69,982 loans, up 22%, against 18% for similar lenders and 10% for the whole market. In 2020 it made 389,146, when its typical rate was 2.88%; it is now 6.25%. Its reliance on refinancing may explain why its volume has moved with rates. It also bought 55,895 loans, down from 129,990, where similar lenders typically bought 162.
Its typical rate, 6.25%, was lower than at more than nine in ten similar lenders, and 2.0% of its loans were higher-priced (a rate well above the average for similar loans), against 4.1%. Government-backed loans could account for both.
It ranked seventh of 577 lenders in Virginia Beach-Chesapeake-Norfolk, with 3.5% of lending, against 3.6% a year earlier, and ninth of 892 in Atlanta-Sandy Springs-Alpharetta. 27.9% of its loans were in majority-minority areas, against 25.2% at similar lenders, and 29.5% went to LMI (low- and moderate-income) borrowers, the same as theirs.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Freedom Mortgage took 165,453 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 83.9% · Purchase 15.5% · Other 0.6%
VA 49.7% · FHA 39.5% · Conventional 10.8% · USDA (RHS or FSA) 0.0% · of 69,982 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Texas | 5,759 | 8.2% |
| Florida | 5,374 | 7.7% |
| North Carolina | 4,463 | 6.4% |
| Georgia | 3,946 | 5.6% |
| California | 3,918 | 5.6% |
| Virginia | 3,646 | 5.2% |
| Indiana | 2,580 | 3.7% |
| Ohio | 2,477 | 3.5% |
| Tennessee | 2,436 | 3.5% |
| South Carolina | 2,168 | 3.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Atlanta-Sandy Springs-Roswell | 1,721 |
| Virginia Beach-Chesapeake-Norfolk | 1,467 |
| Phoenix-Mesa-Chandler | 1,380 |
| Houston-Pasadena-The Woodlands | 1,187 |
| Dallas-Plano-Irving | 1,085 |
| Arlington-Alexandria-Reston | 1,020 |
| Indianapolis-Carmel-Greenwood | 912 |
| Riverside-San Bernardino-Ontario | 900 |
| Charlotte-Concord-Gastonia | 890 |
| Baltimore-Columbia-Towson | 881 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300LYRWPSYPK6S325 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3966116 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7223039688 | |
| Respondent ID (the HMDA filer code before 2018) | 77515900008 | 2000–2010 |
| Respondent ID (the HMDA filer code before 2018) | 9223039688 | 2016–2016 |
Established 20 March 1990. Reported under HMDA 2000-2025.
Mergers, name changes, data editions and corrections: Freedom Mortgage's data.
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