Freedom mortgage approval rate & lending review
Freedom decided 1,313 mortgage applications and funded 945 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Freedom reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Freedom at a glance
Approval is 3.3 points above the 68.7% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 60% | 88 / 147 | 100% | $335K | 88 |
| Home improvement loans | 76% | 595 / 782 | 100% | $65K | 595 |
| Cash-out refinance | 70% | 60 / 86 | 100% | $185K | 60 |
| Refinance | 73% | 188 / 257 | 100% | $105K | 188 |
Freedom lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Pennsylvania | 72% | $65K | 1,170 | 848 |
| New Jersey | 81% | $65K | 98 | 79 |
| Delaware | 64% | $55K | 28 | 18 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Freedom lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Philadelphia County, PA | Home improvement loans | 68% | 285 | 194 |
| Montgomery County, PA | Home improvement loans | 85% | 186 | 158 |
| Bucks County, PA | Home improvement loans | 90% | 148 | 133 |
| Philadelphia County, PA | Refinance | 61% | 101 | 62 |
| Montgomery County, PA | Refinance | 80% | 51 | 41 |
| Bucks County, PA | Refinance | 92% | 39 | 36 |
| Delaware County, PA | Home improvement loans | 70% | 46 | 32 |
| Philadelphia County, PA | Cash-out refinance | 61% | 36 | 22 |
| Chester County, PA | Home improvement loans | 81% | 21 | 17 |
The county markets where Freedom made the most loans. Each link opens that market with every lender ranked.
Questions about Freedom
What is Freedom's mortgage approval rate?
Freedom approved 72.0% of the 1,313 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 3.3 points above the 68.7% national rate for the same mix of loan types.
How often do borrowers take the loan Freedom offers?
Borrowers accepted 100% of the loans Freedom approved, against 93% for all home improvement loan lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Freedom make?
The typical home improvement loan loan Freedom made was $65K; across all loan types its typical loan ran from $65K to $335K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Freedom lend?
Freedom decided applications in 12 of the states Fat Boy Data covers, most of them in Pennsylvania, New Jersey and Delaware.
Can I apply to Freedom directly?
Yes. Freedom is a bank or credit union with 17 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Freedom's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Freedom treats applications, then get a rate quote from the lender.