Applications / Mortgage Analytics / Lenders / New Jersey / Financial Freedom Mortgage
Mount Laurel, NJ · Non-bank or government lender · CFPB · 57 loans in 2025
Financial Freedom Mortgage's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
57
loans originated, 2025
143
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Financial Freedom Mortgage is a New Jersey refinance lender built on government-backed loans, and its business has shrunk from 861 loans in 2020 to 57 in 2025.
Refinances made up 96.5% of its loans in 2025. Loans insured by the Federal Housing Administration (FHA) were 84.2% of the total, where the typical similar lender made none; similar lenders here are non-bank or government lenders making between half and twice as many loans. Loans guaranteed by the Department of Veterans Affairs (VA) added 8.8%. That makes it a specialist in refinancing government-backed mortgages, unlike most of its peers.
Its loans peaked at 861 in 2020 and fell to 359 in 2022 and 56 in 2023. They have hovered near that level since. In 2025 they fell 30%, while similar lenders slipped 5% and the whole market rose 10%. One possible reason is its dependence on refinancing: its typical rate was 2.88% in 2020 and 6.25% in 2025, and fewer borrowers gain from refinancing when rates are higher than the ones they already pay.
Borrowers with low or moderate incomes (LMI) took 48.1% of its loans, against 26.0% at the typical similar lender, a higher share than about four in five of them. Its share of loans in LMI neighborhoods, 28.1%, was also above its peers' 23.5%.
Its typical rate of 6.25% was lower than at about four in five similar lenders, whose typical rate was 6.66%. Its loans were smaller too: a typical $315,000, against its peers' $365,000.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Financial Freedom Mortgage took 143 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 96.5% · Purchase 3.5%
FHA 84.2% · VA 8.8% · Conventional 7.0% · of 57 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 |
|---|---|---|
| New Jersey | 32 | 56.1% |
| Maryland | 21 | 36.8% |
| Delaware | 4 | 7.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Camden | 13 |
| Lakewood-New Brunswick | 8 |
| Baltimore-Columbia-Towson | 7 |
| New York-Jersey City-White Plains | 4 |
| Washington | 4 |
| Hagerstown-Martinsburg | 3 |
| Newark | 3 |
| Atlantic City-Hammonton | 2 |
| Frederick-Gaithersburg-Bethesda | 2 |
| Lexington Park | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 894500LIN378M3LLE796 | 2018–2025 |
| Respondent ID (the HMDA filer code before 2018) | 7273027124 |
Established 12 July 2010. Reported under HMDA 2016-2025.
Mergers, name changes, data editions and corrections: Financial Freedom Mortgage's data.
Financial Freedom Mortgage's data
$215
Financial Freedom Mortgage and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
Buy Financial Freedom Mortgage's data, $215Jenner Mortgage Analytics: all the data
$2,110
Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
Buy the data, $2,110Jenner, the SAS-compatible software
See prices
Jenner runs programs written in the SAS language. It drew every chart on these pages and fitted the fair-lending model, PROC GLIMMIX on 3.5 million applications. Run the programs that come with the data, or your own.
Get JennerQuestions, or the data and Jenner together: [email protected]