Freedom at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
7th31.9% deniedPricingmedian rate spread over APOR, weight 30%
66th0.15 ptsProcesswithdrawn + incomplete share, weight 15%
95th0.4%Closing coststotal loan costs ÷ loan amount, weight 10%
7th4.55% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 771 | 576 | 25.3% | 25.3% | 6.00% | $51M |
| 2024 | 631 | 454 | 28.1% | 28.1% | 6.25% | $53M |
| 2025 | 563 | 382 | 31.8% | 31.9% | 6.25% | $45M |
What Freedom lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 145 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 8 investment properties.
Why Freedom denies applications
Primary reason reported for each of the 179 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Freedom
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 57 | 17 | 70.2% |
| $50k – $100k | 188 | 109 | 42.0% |
| $100k – $150k | 155 | 121 | 21.4% |
| $150k – $250k | 125 | 107 | 13.7% |
| Over $250k | 33 | 23 | 30.3% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 44 | 26 | 39.5% |
| 35–44 | 125 | 83 | 33.1% |
| 45–54 | 152 | 112 | 26.3% |
| 55–64 | 131 | 87 | 33.6% |
| 65–74 | 74 | 55 | 25.7% |
| Over 74 | 27 | 16 | 40.7% |
Where Freedom lends
11 states and 37 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Pennsylvania | 489 | 337 | 30.7% | 6.25% | #156 |
| New Jersey | 53 | 42 | 20.8% | 6.25% | #345 |
| Delaware | 6 | 3 | 50.0% | 6.38% | #293 |
Frequently asked questions
Freedom denied 31.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 7th percentile of small mortgage lenders.
The most common reason Freedom gave in 2025 was "other", cited on 79.9% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Freedom originated in 2025 was 6.25%, and its median rate spread over the average prime offer rate was 0.15 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 9% of its applications were for home purchases, 19% for refinancing (including cash-out), and 72% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.