Lender review
Freedom Mortgage review: what Michigan borrowers should know
Best for: va and fha borrowers, especially veterans and lower-credit buyers
- Headquarters
- Boca Raton, FL
- Founded
- 1990
- NMLS
- #2767
- Min. credit score
- 580
- Min. down payment
- 0%
Freedom Mortgage is a government-loan specialist and one of the top VA and FHA lenders in the country, with liberal credit criteria that help Michigan veterans and first-time buyers who fall short elsewhere. Its huge servicing book means many locals already have a Freedom loan. The reputation cost is aggressive refi outreach and heavy complaint volume.
For Michigan veterans and first-time buyers who've been turned down elsewhere, Freedom Mortgage is often the name that comes up next. The Boca Raton lender has spent decades specializing in government loans and ranks among the country's top VA and FHA originators, with credit criteria loose enough to catch files that slip through stricter nets.
The down-payment math is a genuine draw. VA and USDA loans can close with nothing down, and FHA options stay low, which matters in a state where saving a large deposit is the main barrier for younger buyers. Freedom's servicing book is so large that plenty of Michigan homeowners already carry one of its loans without having shopped for it.
The reputation comes at a cost, and it's worth naming plainly. Existing customers report aggressive refinance telemarketing, servicing and escrow complaints run high, and jumbo options are thin. Quotes come through a loan officer by phone rather than a public rate sheet, so plan to have a conversation before you know your number.
What works
- Top-tier VA and FHA lender with flexible credit criteria
- 0%-down VA and USDA plus low-down FHA options
- Large servicing operation and nationwide licensing
What to watch
- Aggressive refinance telemarketing to existing customers
- Elevated servicing and escrow complaint volume
- Light on jumbo; quotes are phone- and LO-driven
Loan programs at Freedom Mortgage
Which core Michigan loan types Freedom Mortgage offers, with the typical minimum down payment for each program. Program floors are industry standards — Freedom Mortgage's own minimums or credit overlays may run higher.
| Loan program | Offered | Typical min. down |
|---|---|---|
| Conventional | ✓ Yes | 3% |
| FHA | ✓ Yes | 3.5% |
| VA | ✓ Yes | 0% |
| USDA | ✓ Yes | 0% |
| Jumbo | — No | — |
| Construction | — No | — |
Where Freedom Mortgage's credit bar sits
Freedom Mortgage's roughly 580 minimum sits in the fair credit range. The scale below places its 580 minimum among the standard credit bands, beside the 620 median across our 55-lender catalog.
| Freedom Mortgage | Michigan median* | |
|---|---|---|
| Editorial score | 3.7 / 5 | 4.0 / 5 |
| Min. credit score | 580 | 620 |
| Loan programs offered | 4 | 5 |
| Michigan-headquartered | No | — |
*Median across the 55 Michigan lenders in our catalog.
How Freedom Mortgage's rates and offers compare
Before committing, pull a same-day quote from at least two competitors — pricing gaps of 0.25% are common for identical borrowers. Start with Union Home Mortgage, Nations Lending or SoFi, then compare Loan Estimates line by line. For context on where pricing lands, check our Michigan rate table.
Freedom Mortgage: frequently asked questions
What are Freedom Mortgage's mortgage rates in Michigan?
Freedom Mortgage doesn't post one rate — like every lender, its pricing turns on your credit score, down payment, loan size and the day you lock. Ask for a personalized quote to see the number you'd actually get. The reliable move: pull a written Loan Estimate from Freedom Mortgage and set it beside this week's Michigan averages in our rate table, comparing on the same day.
Is Freedom Mortgage a legitimate mortgage lender?
Yes. Freedom Mortgage is a licensed mortgage lender registered under NMLS #2767 and lending since 1990. Anyone can verify that number, and the company's complaint record, at NMLS Consumer Access. We score it 3.7/5 for Michigan borrowers in a review no lender can buy into.
What credit score do you need for a Freedom Mortgage mortgage?
Freedom Mortgage generally looks for a credit score around 580 on its most common loans. Its FHA loans can go lower — often to 580, or 500 with a larger down payment — while conventional and jumbo loans usually want higher scores. Individual overlays can push that higher, so 580 is the opening bid, not the final word.
Does Freedom Mortgage offer FHA, VA and USDA loans?
Freedom Mortgage offers FHA, VA and USDA loans to Michigan borrowers. It covers the full government-loan menu. Its complete Michigan lineup is Conventional, FHA, VA, USDA.
Does Freedom Mortgage lend in Michigan?
Yes. Although Freedom Mortgage is headquartered in Boca Raton, FL, it is licensed to lend in Michigan and actively originates purchase and refinance loans across the state, from metro Detroit to the Upper Peninsula.
Will Freedom Mortgage sell my mortgage after closing?
Possibly. Borrowers report that Freedom Mortgage frequently transfers servicing after closing, so the company you pay may change even though your loan terms don't. That's common industry-wide, but if keeping one servicer matters to you, ask before you lock.
Independent and unpaid — Freedom Mortgage did not pay for placement. How we score every lender (and where our rate data comes from) is set out in our editorial policy. Figures reflect public information as of 2026-07-01 and can change; the only rate that binds a lender is a written Loan Estimate. Verify the license at NMLS Consumer Access (#2767).