Freedom Mortgage Becomes Nation’s Leading VA and FHA Lender
Mount Laurel, NJ, March 17, 2021 (GLOBE NEWSWIRE) – Liberty mortgage, one of the nation’s largest full-service mortgage companies, was ranked # 1 VA and FHA (government insured) lender in the country, funding more VA and FHA loans in 2020 than any other lender, according to Inside Mortgage Finance magazine.
Stanley C. Middleman, Founder and CEO of Freedom Mortgage, awarded the ranking to the company’s dedication to providing special expertise and assistance to help military borrowers and first-time homebuyers find the best suited mortgage option. to their financial needs.
“Many Americans are unaware that there are a variety of government guaranteed loans that they can take advantage of to finance their first home with very little or no down payment,” said Middleman. “It is an honor to help more homeowners with their VA or FHA loans than any other lender in the country.”
Inside Mortgage Finance has been evaluating the top 100 mortgage companies in a number of categories since 1998. The total volume for each company includes Purchase Loans, Interest Rate Reduction Refinance Loans (IRRRLs), and Cash Refinance Loans made throughout the past year.
In 2020, as interest rates fell to historically low levels, Americans quickly seized the opportunity to refinance or buy their first home through FHA and VA loans. Many servicemen, veterans, and borrowers with low down payments have taken advantage of these government-offered loans to lower their monthly payments or use their home equity for purchases or to pay off debts.
“The low interest rates and limits due to the pandemic have encouraged many people across the country to improve or expand their living spaces,” Middleman said. “We’re dedicated to helping our many customers buy a home or expand their living space when they need it most.”
Last year, Freedom Mortgage generated a total of $ 72 billion in VA loans and $ 35 billion in FHA loans. Compared to 2019, Freedom Mortgage’s 2020 VA loan volume increased 290% and its FHA loans increased 120%.
In addition to providing in-home financing, Freedom Mortgage actively supports communities in need and service members, veterans and their families through The freedom of the team cares, employee engagement and the company’s philanthropic program.
For more information on obtaining or refinancing an FHA loan, visit www.freedommortgage.com/fha-loans. For more information on obtaining or refinancing a VA loan, visit www.freedommortgage.com/va-loans.
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About Freedom Mortgage Corporation
Founded in 1990 and headquartered in Mount Laurel, New Jersey, Freedom Mortgage is a full-service mortgage company that provides mortgages through retail, wholesale and mail order channels. One of the nation’s largest loan originators and managers, the company is licensed in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Freedom Mortgage is the # 1 VA and # 1 FHA (government insured) lender in the United States (Inside Mortgage Finance, 2020) and one of the largest philanthropic backers in the Pennsylvania USO mortgage industry and from southern New Jersey. The company is also renowned for its dynamic work environment where its team members can flourish. The company’s mission is to promote homeownership for all clients across America. For more information, please visit FreedomMortgage.com.