Lenders › Freedom Mortgage Corporation
Freedom Mortgage Corporation
HMDA reporter, headquartered in Boca Raton, Florida. Record for calendar year 2024.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Figures are from the 2024 public HMDA loan/application register; cells under 25 applications are withheld.
Freedom Mortgage Corporation's 2024 HMDA filing covers 122,514 applications and 57,345 originated loans totalling $19bn, in 51 states.
Its denial rate, the share of decided applications the lender denied, was 16.2%, below the national rate of 24.3% and below the Florida rate of 29.0%. 25,081 applications were withdrawn by the applicant and 21,202 files were closed for incompleteness; those are not counted in the denial rate.
The median rate spread on its originated loans, the difference between the loan's APR and the average prime offer rate, was 0.2 percentage points (national median 0.3); 2.7% of its originations had a spread of 1.5 points or more.
By loan purpose the originations were mostly refinancing (37%) and home purchase (33%); by loan type, VA (48%) and FHA (40%).
The largest volumes were in Florida (5,988 originations), Texas (4,746 originations) and California (3,071 originations).
Applications were up 134% on 2023.
Compared with Florida and the nation
| Measure | This lender | Florida, all lenders | United States |
|---|---|---|---|
| Denial rate (denied ÷ decided applications) | 16.2% | 29.0% | 24.3% |
| Median rate spread, percentage points | 0.2 | 0.3 | 0.3 |
| Originations with spread of 1.5 pp or more | 2.7% | 16.4% | 15.6% |
| Average originated loan | $340k | $359k | $329k |
| Home purchase share of originations | 33.5% | 62.9% | 57.0% |
| FHA-insured share of originations | 40.4% | 17.7% | 13.4% |
| VA-guaranteed share of originations | 47.9% | 9.5% | 7.9% |
| Applications withdrawn by applicant | 20.5% | 15.9% | 14.3% |
Florida is the lender's largest state by applications. State and national columns cover every HMDA reporter. Rate spread is reported on originated loans only.
Trend by year
ApplicationsOriginations
This lenderFloridaUnited States
| Year | Applications | Originations | Amount | Denial rate | Median spread | LAR records |
|---|---|---|---|---|---|---|
| 2018 | — | — | — | — | — | 237,247 |
| 2019 | — | — | — | — | — | 308,884 |
| 2020 | — | — | — | — | — | 779,005 |
| 2021 | — | — | — | — | — | 739,580 |
| 2022 | 149,230 | 66,041 | $18bn | 13.4% | 0.6 | 177,112 |
| 2023 | 52,440 | 22,739 | $7.0bn | 25.0% | 0.6 | 76,364 |
| 2024 | 122,514 | 57,345 | $19bn | 16.2% | 0.2 | 252,504 |
Applications, originations and rates are computed from the public LAR for 2022, 2023, 2024; LAR record counts come from each year's transmittal sheet.
Loan purpose and loan type
By purpose
Home purchase 33% (19,200)Refinancing 37% (21,037)Cash-out refinancing 30% (16,950)Other purpose 0% (158)
By type
Conventional 12% (6,726)FHA 40% (23,149)VA 48% (27,449)USDA 0% (21)
| Loan type | Applications | Originations | Denied | Denial rate (of applications) |
|---|---|---|---|---|
| Conventional | 14,183 | 6,726 | 1,300 | 9.2% |
| FHA-insured | 55,646 | 23,149 | 7,488 | 13.5% |
| VA-guaranteed | 52,642 | 27,449 | 3,528 | 6.7% |
| USDA Rural Housing Service or Farm Service Agency guaranteed | 43 | 21 | 8 | 18.6% |
Shares are of originated loans. The per-type denial rate here divides denials by all applications of that type, because decided counts are not kept per type.
Action taken
| HMDA action taken | Records | Share |
|---|---|---|
| 1 Loan originated | 57,345 | 22.7% |
| 2 Application approved but not accepted | 6,562 | 2.6% |
| 3 Application denied | 12,324 | 4.9% |
| 4 Application withdrawn by applicant | 25,081 | 9.9% |
| 5 File closed for incompleteness | 21,202 | 8.4% |
| 6 Purchased loan | 129,990 | 51.5% |
| 7 Preapproval request denied | 0 | 0.0% |
| 8 Preapproval request approved but not accepted | 0 | 0.0% |
Codes and labels are the HMDA action-taken codes. Applications are codes 1–5; the denial rate divides code 3 by codes 1–3.
Denial reasons as coded
Share of the lender's 12,324 denials by the first denial reason it coded (outlined bar: all lenders nationally). Lenders may record up to four reasons; only the first is counted here.
States
| State | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|
| Florida | 12,754 | 5,988 | $2.2bn | 17.7% | 0.1 |
| Texas | 8,902 | 4,746 | $1.7bn | 10.0% | -0.1 |
| California | 7,421 | 3,071 | $1.5bn | 18.9% | -0.0 |
| Georgia | 7,171 | 3,379 | $1.1bn | 15.3% | 0.2 |
| North Carolina | 6,545 | 3,445 | $1.1bn | 11.4% | -0.0 |
| Virginia | 6,184 | 3,250 | $1.3bn | 11.5% | -0.1 |
| Ohio | 4,182 | 1,847 | $451m | 18.3% | 0.4 |
| Indiana | 4,124 | 2,090 | $501m | 16.9% | 0.5 |
| Maryland | 3,852 | 1,790 | $730m | 16.1% | 0.1 |
| Tennessee | 3,681 | 1,690 | $503m | 14.8% | 0.3 |
| South Carolina | 3,604 | 1,595 | $485m | 15.4% | 0.1 |
| Pennsylvania | 3,601 | 1,484 | $382m | 20.9% | 0.5 |
| Arizona | 3,492 | 1,591 | $562m | 15.2% | 0.1 |
| New Jersey | 3,127 | 1,246 | $488m | 21.4% | 0.4 |
| Illinois | 2,945 | 1,171 | $316m | 22.5% | 0.6 |
| Missouri | 2,752 | 1,264 | $308m | 15.5% | 0.4 |
| Alabama | 2,738 | 1,339 | $378m | 14.0% | 0.1 |
| Colorado | 2,664 | 1,345 | $601m | 12.8% | -0.2 |
| Washington | 2,524 | 1,183 | $518m | 13.3% | -0.0 |
| Michigan | 2,454 | 1,000 | $237m | 21.7% | 0.4 |
| Kentucky | 2,098 | 1,067 | $271m | 14.1% | 0.4 |
| Louisiana | 1,994 | 984 | $263m | 18.3% | 0.2 |
| Nevada | 1,782 | 881 | $338m | 14.4% | 0.1 |
| Massachusetts | 1,617 | 740 | $320m | 17.7% | 0.3 |
| Oklahoma | 1,577 | 617 | $154m | 20.8% | 0.2 |
| Wisconsin | 1,515 | 732 | $188m | 17.9% | 0.3 |
| Minnesota | 1,323 | 635 | $188m | 19.3% | 0.4 |
| Oregon | 1,224 | 595 | $229m | 16.7% | 0.1 |
| Arkansas | 1,218 | 518 | $123m | 20.0% | 0.3 |
| New York | 1,123 | 328 | $100m | 39.9% | 0.9 |
| Connecticut | 1,090 | 394 | $124m | 25.0% | 0.6 |
| Hawaii | 1,075 | 725 | $493m | 9.0% | -0.4 |
| New Mexico | 1,067 | 490 | $143m | 16.3% | 0.2 |
| Utah | 1,064 | 494 | $202m | 17.3% | 0.1 |
| Mississippi | 1,048 | 478 | $121m | 15.3% | 0.2 |
| Kansas | 1,046 | 500 | $126m | 19.4% | 0.4 |
| Nebraska | 680 | 311 | $78m | 19.4% | 0.5 |
| Iowa | 673 | 267 | $59m | 24.8% | 0.6 |
| Delaware | 644 | 276 | $95m | 16.4% | 0.3 |
| Idaho | 608 | 287 | $103m | 14.6% | 0.1 |
| Maine | 490 | 213 | $62m | 17.4% | 0.4 |
| Montana | 458 | 208 | $78m | 13.7% | 0.1 |
| West Virginia | 443 | 198 | $53m | 20.5% | 0.4 |
| New Hampshire | 424 | 189 | $69m | 19.4% | 0.4 |
| Rhode Island | 339 | 124 | $44m | 20.5% | 0.5 |
| Wyoming | 296 | 137 | $44m | 19.5% | 0.2 |
| Alaska | 261 | 132 | $51m | 12.8% | -0.3 |
| South Dakota | 202 | 108 | $29m | 12.1% | 0.4 |
| North Dakota | 174 | 92 | $27m | 19.4% | 0.1 |
| Vermont | 147 | 66 | $20m | 22.8% | 0.2 |
| District of Columbia | 97 | 45 | $23m | 20.7% | -0.0 |
States with at least 25 applications. States with 100 or more link to the lender's page for that state.
Counties
| County | State | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|---|
| Maricopa County | AZ | 1,886 | 872 | $336m | 15.0% |
| Clark County | NV | 1,349 | 670 | $260m | 14.5% |
| Honolulu County | HI | 866 | 601 | $425m | 8.0% |
| Hillsborough County | FL | 1,125 | 579 | $222m | 14.1% |
| Harris County | TX | 987 | 515 | $179m | 13.2% |
| Riverside County | CA | 1,107 | 484 | $243m | 16.7% |
| Onslow County | NC | 672 | 426 | $117m | 8.1% |
| Broward County | FL | 840 | 423 | $188m | 19.4% |
| Cumberland County | NC | 696 | 406 | $112m | 9.3% |
| San Diego County | CA | 848 | 395 | $275m | 15.9% |
| El Paso County | CO | 752 | 392 | $172m | 10.2% |
| Los Angeles County | CA | 965 | 380 | $215m | 22.2% |
| Bexar County | TX | 696 | 363 | $120m | 8.9% |
| Duval County | FL | 760 | 362 | $125m | 14.9% |
| Tarrant County | TX | 649 | 356 | $129m | 10.2% |
| Polk County | FL | 751 | 355 | $108m | 20.6% |
| Prince George's County | MD | 826 | 343 | $149m | 20.8% |
| Cook County | IL | 967 | 334 | $103m | 28.8% |
| Virginia Beach city | VA | 528 | 327 | $121m | 7.2% |
| Marion County | IN | 579 | 296 | $68m | 15.7% |
| Brevard County | FL | 575 | 287 | $99m | 11.4% |
| San Bernardino County | CA | 713 | 275 | $112m | 19.9% |
| Pasco County | FL | 544 | 273 | $100m | 13.3% |
| Madison County | AL | 419 | 266 | $92m | 9.3% |
| Chesapeake city | VA | 479 | 265 | $107m | 7.9% |
| Jefferson County | KY | 458 | 265 | $74m | 15.0% |
| Miami-Dade County | FL | 648 | 256 | $112m | 24.8% |
| Gwinnett County | GA | 614 | 256 | $94m | 17.9% |
| Orange County | FL | 610 | 256 | $101m | 22.7% |
| Anne Arundel County | MD | 484 | 256 | $113m | 12.7% |
Up to 30 counties with at least 50 applications, by originations.
Questions and answers
How many mortgages did Freedom Mortgage Corporation originate in 2024?
57,345 loans totalling $19bn, from 122,514 applications reported under HMDA. It also purchased 129,990 loans from other institutions, which are counted separately.
What is Freedom Mortgage Corporation's denial rate and how does it compare?
16.2% of decided applications were denied in 2024, against 24.3% nationally and 29.0% in Florida. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws; the data do not include some legitimate credit risk considerations.
Which counties does Freedom Mortgage Corporation lend in most?
By originations: Maricopa County, AZ (872), Clark County, NV (670), Honolulu County, HI (601), Hillsborough County, FL (579) and Harris County, TX (515).
What loan types does Freedom Mortgage Corporation make?
Conventional 6,726, FHA 23,149, VA 27,449 and USDA 21 originations in 2024; by purpose, home purchase 19,200, home improvement 0, refinancing 21,037, cash-out refinancing 16,950 and other purpose 158.
What reasons did Freedom Mortgage Corporation report for denials?
The first denial reason recorded most often was collateral (4,974), debt-to-income ratio (2,591) and credit history (2,069), as coded by the lender in its HMDA filing.
Where does this data come from?
From the 2024 public HMDA loan/application register published by the FFIEC and CFPB, with the lender's name from its HMDA transmittal sheet. Cells under 25 applications are withheld.
Provenance
Source: Home Mortgage Disclosure Act public loan/application register for 2024 (trend years 2022, 2023, 2024) and transmittal sheets 2018–2024, published by the FFIEC and CFPB at ffiec.cfpb.gov, public domain. Lender identity is the LEI and name on its transmittal sheet. This site was built 30 Sep 2026. Errors in processing are corrected at the next build; see corrections. Data through 1 Aug 2026.