Freedom Credit Union at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the D 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%
13th23.8% deniedPricingmedian rate spread over APOR, weight 30%
27th0.53 ptsProcesswithdrawn + incomplete share, weight 15%
26th17.5%Closing coststotal loan costs ÷ loan amount, weight 10%
4th5.22% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 588 | 376 | 21.3% | 24.6% | 5.75% | $60M |
| 2024 | 407 | 225 | 24.8% | 30.2% | 6.75% | $32M |
| 2025 | 280 | 172 | 19.6% | 23.8% | 6.75% | $25M |
What Freedom Credit Union 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: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 3 investment properties.
Why Freedom Credit Union denies applications
Primary reason reported for each of the 55 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Freedom Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 38 | 15 | 53.1% |
| $50k – $100k | 112 | 73 | 23.7% |
| $100k – $150k | 70 | 45 | 16.4% |
| $150k – $250k | 47 | 32 | 5.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 46 | 27 | 26.3% |
| 35–44 | 63 | 34 | 32.0% |
| 45–54 | 78 | 51 | 23.5% |
| 55–64 | 52 | 30 | 22.0% |
| 65–74 | 23 | 18 | 18.2% |
Where Freedom Credit Union lends
3 states and 13 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Massachusetts | 266 | 166 | 19.2% | 6.75% | #131 |
| Connecticut | 12 | 5 | 33.3% | 6.88% | #357 |
Frequently asked questions
Freedom Credit Union denied 23.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 13th percentile of small mortgage lenders.
The most common reason Freedom Credit Union gave in 2025 was "debt-to-income ratio", cited on 38.2% 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 Credit Union originated in 2025 was 6.75%, and its median rate spread over the average prime offer rate was 0.53 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 23% of its applications were for home purchases, 26% for refinancing (including cash-out), and 51% 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.