The Mortgage Record
Lender report card · New Jersey

Freedom Mortgage Corporation

Boca Raton, FL · What the federal mortgage record shows about how Freedom Mortgage Corporation treated New Jersey applicants, 2018–2025 — 35,535 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
87.2%
30,975 approved
Denial rate
12.8%
4,560 denied
Decisions
35,535
2018–2025
Avg. rate spread
+0.40 pp
vs. market benchmark
87.2% approved
12.8% denied

Share of 35,535 New Jersey applications Freedom Mortgage Corporation approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional87.0% of 11,706 · NJ 87%FHA85.1% of 16,946 · NJ 79%VA92.6% of 6,823 · NJ 80%USDA96.7% of 60 · NJ 87%

“NJ” = the statewide average approval rate for that loan type, for comparison.

Approval rate over time

59%68%77%86%95%62%85%92%93%84%74%79%81%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Freedom Mortgage Corporation’s rates ran -0.09 pp lower than the typical New Jersey lender (average rate spread +0.40 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Freedom Mortgage Corporation approves

By income
Under $50k51.4% · 1,403$50–75k76.0% · 3,526$75–100k81.7% · 3,985$100–150k85.6% · 5,109$150–250k89.5% · 3,306$250k+89.4% · 815
By debt-to-income
Under 36%87.7% · 6,07336–43%89.3% · 4,06043–50%87.1% · 4,861Over 50%53.1% · 3,442
By down payment (LTV)
20%+ down80.5% · 7,48410–20% down80.2% · 1,9865–10% down85.7% · 1,3233–5% down89.0% · 1,641Under 3% down72.8% · 604

Why Freedom Mortgage Corporation denied applications

Other30% of denialsCredit history28% of denialsDebt-to-income ratio22% of denialsCollateral (value/type)16% of denialsIncomplete application5% of denialsUnverifiable information4% of denials

Where Freedom Mortgage Corporation lends in NJ

CountyDecisionsApproval
Ocean County3,23488.9%
Monmouth County3,07188.6%
Burlington County3,02187.9%
Camden County2,93787.7%
Middlesex County2,83788.1%
Gloucester County2,79690.2%
Essex County2,31081.0%
Passaic County2,27488.0%

Fees & closing costs

Median total loan costs
$5,765
home purchase
As % of loan
2.10%
NJ median 1.93%
Priced originations
5,464
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Freedom Mortgage Corporation’s home-purchase originations — 0.17 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $500. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Consumer complaints

CFPB complaints
319
from NJ, 2022–present
Answered on time
100%
of complaints
Closed with relief
0%
monetary or non-monetary

Complaints New Jersey mortgage customers filed against Freedom Mortgage Corporation with the federal Consumer Financial Protection Bureau, 2022–present. Most common issue: Trouble during payment process. Most mortgage complaints concern servicing — payments, escrow, and foreclosure — so this reflects a company’s customer experience as much as its lending, and volume partly tracks how many loans it services. Source: CFPB Consumer Complaint Database.

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Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by Freedom Mortgage Corporation (LEI 549300LYRWPSYPK6S325). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →