Lender review
Freedom Mortgage review: what Michigan borrowers should know
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.
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%
- MSHDA MI Home Loan
- Not on the list
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
The full picture on Freedom Mortgage
For Michigan veterans and first-time buyers turned down elsewhere, Freedom Mortgage is often the name that comes up next. The Boca Raton lender ranks among the country's top VA and FHA originators, with credit criteria loose enough to catch files that slip through stricter nets.
Government-loan specialist
The down-payment math is a genuine draw for buyers where saving a large deposit is the main barrier.
The reputation cost
Existing customers report aggressive refinance telemarketing, and servicing and escrow complaints run high.
Jumbo options are thin, and quotes come through a loan officer by phone rather than a public rate sheet.
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. Below, that 580 floor is plotted against the four broad credit tiers and the 620 median for the 55 Michigan lenders we track.
| 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.
Compare: Union Home Mortgage Nations Lending SoFi This week's Michigan rates
Freedom Mortgage: frequently asked questions
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. That 580 is a floor, not a promise: every lender layers on its own overlays, and approval still turns on your income, debts and the property.
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 2026-07-16 and can change; the only rate that binds a lender is a written Loan Estimate. Verify the license at NMLS Consumer Access (#2767). MSHDA status reflects the state's MI Home Loan lending-partners list dated June 12, 2026, which changes over time.