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Freedom Mortgage Corporation in Pennsylvania

HMDA record for properties in Pennsylvania, calendar year 2024. National record · Pennsylvania overview

LEI 549300LYRWPSYPK6S325
Reporting agency Department of Housing and Urban Development
State Pennsylvania

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. Cells under 25 applications are withheld.

Freedom Mortgage Corporation's 2024 HMDA record for Pennsylvania covers 3,601 applications, 1,484 of them originated, worth $382m.

Its denial rate in the state was 20.9%, below the Pennsylvania rate of 24.2% across all lenders and compared with the lender's national rate of 16.2%.

The median rate spread on its Pennsylvania originations was 0.5 percentage points (state median 0.3).

Applications in the state were up 93% on 2023.

3,601applications in PA, 20242.9% of the lender's total
1,484loans originated$382m
20.9%denial ratePA all lenders 24.2%
0.5 ppmedian rate spreadPA 0.3 pp

Compared with the state and the lender's national record

MeasureIn PennsylvaniaPennsylvania, all lendersFreedom Mortgage Corporation, all statesUnited States
Denial rate20.9%24.2%16.2%24.3%
Median rate spread, pp0.50.30.20.3
Originations with spread of 1.5 pp or more3.6%14.1%2.7%15.6%
Average originated loan$257k$226k$340k$329k
Home purchase share17.8%48.7%33.5%57.0%
FHA-insured share50.7%9.8%40.4%13.4%
VA-guaranteed share37.9%4.0%47.9%7.9%

Trend by year

ApplicationsOriginations

02338.54,6772022: 4,677 Applications2023: 1,869 Applications2024: 3,601 Applications2022: 1,878 Originations2023: 719 Originations2024: 1,484 Originations202220232024
Freedom Mortgage Corporation in Pennsylvania: applications and originations, 2022–2024

This lender in statePennsylvania, all lenders

0%14.8%29.7%2022: 17% This lender in state2023: 29.7% This lender in state2024: 20.9% This lender in state202220232024
Denial rate by year, state rate dashed

Loan purpose and loan type in Pennsylvania

By purpose

Home purchase 18% (264)Refinancing 38% (559)Cash-out refinancing 44% (655)Other purpose 0% (6)

By type

Conventional 11% (168)FHA 51% (753)VA 38% (562)USDA 0% (1)

Denial reasons as coded

Collateral49.8%
Credit history18.3%
Debt-to-income ratio15.5%
Other5.7%
Unverifiable information4.8%
Insufficient cash (downpayment, closing costs)2.5%
Credit application incomplete2.3%
Employment history1.1%
Mortgage insurance denied0%

Share of 438 denials in Pennsylvania by first denial reason coded (outlined bar: all lenders in the state).

Counties in Pennsylvania

CountyApplicationsOriginationsAmountDenial rate
Philadelphia County338113$28m27.4%
Montgomery County238105$36m14.7%
Allegheny County240102$26m18.1%
Bucks County18786$32m14.7%
Delaware County18879$21m14.2%
York County19670$19m23.8%
Berks County15167$18m16.7%
Lancaster County12662$16m21.2%
Chester County14260$24m18.8%
Dauphin County11649$12m20.9%
Luzerne County11349$9.1m20.9%
Lehigh County11646$12m25.0%
Monroe County11941$10.0m24.6%
Cumberland County8341$11m16.7%
Northampton County9238$8.9m27.0%
Franklin County7234$8.9m18.2%
Lackawanna County8133$6.8m32.1%
Westmoreland County9530$6.5m30.4%
Erie County6730$5.4m10.8%
Schuylkill County5527$5.0m9.1%
Lebanon County6526$6.8m22.5%
Beaver County5319$3.4m22.6%
Washington County5218$4.1m29.0%
Pike County3718$4.2m19.2%
Butler County5017$4.6m32.1%
Carbon County2613$3.2m—
Blair County3111$1.8m—
Adams County3510$2.6m—
Fayette County2910$1.8m—

Counties with at least 25 applications, by originations.

Questions and answers

How many mortgages did Freedom Mortgage Corporation originate in Pennsylvania in 2024?

1,484 loans totalling $382m, from 3,601 applications reported for properties in Pennsylvania.

What is Freedom Mortgage Corporation's denial rate in Pennsylvania?

20.9% of decided applications in Pennsylvania were denied, against 24.2% for all lenders in the state and 16.2% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.

Which Pennsylvania counties does Freedom Mortgage Corporation lend in most?

By originations: Philadelphia County (113), Montgomery County (105), Allegheny County (102), Bucks County (86), Delaware County (79).

Where does this data come from?

From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.

Provenance

Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Pennsylvania. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.