Refinance Your Home

Mortgage Refinance

Explore Your Savings Potential

Contact our Lending Team

How can you benefit?

Now may be the perfect time for you to refinance your current mortgage from another loan provider into a lower, fixed-rate loan from Freedom! We offer a wide range of Conventional and Government programs with low rates and great terms. Contact us about a refinance option that meet your needs today.

  • Interest Savings

    Lower your payment

    Whether your credit has improved, rates are better, or you’re looking to switch from an Adjustable Rate Mortgage loan (ARM) to a Fixed Rate loan, you may be able to reduce your monthly payment.

  • More Control

    Build equity faster

    By lowering your interest rate, you can pay off more of the principal balance each time you make a payment, which increases the equity you’re building up in your home.

  • Simplified Payments

    Consolidate debt

    Use one lower-interest loan to pay not just your mortgage, but also unsecured debt like credit cards and student loans.

  • Loans

    Cash out

    Draw on the equity built up in your home and get cash out for home improvement projects, debt consolidation, tuition bills, or other major expenses.

Affordable Housing Grants

Up to $12,500 of grant funds available to first-time homebuyers and up to $15,000 of grants available for Community Partners such as educators, first responders, veterans, and healthcare workers towards your down payment and/or closing costs.

Eligibility requirements apply and grants are available on a first come first serve basis.

Learn more
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Mortgage Offerings

Fixed-Rate Mortgages

A fixed-rate mortgage provides you peace of mind knowing your monthly payment will be the same for the life of the loan. If you plan to stay in your home for many years and appreciate the convenience of a consistent mortgage payment regardless of the market, a fixed-rate program is for you!

Freedom offers 10, 15, 20, and 30-year fixed-rate loan products so you can pay off your mortgage at a pace that’s best for your unique situation.

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FHA Loans

The Federal Housing Administration, or FHA loan is a great program for homebuyers that may not have exceptional credit, or are looking for a low down payment option with affordable terms. FHA features a down payment of just 3.5%, as well as flexible credit and qualification requirements.

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VA Loans

The Veterans Administration, or VA mortgage loan is a great program for Veterans, active service members, and other military personnel with a Certificate of Eligibility. VA loans are a fantastic option for eligible vets for a variety of reasons, including zero down payment and no PMI (Primary Mortgage Insurance). The VA loan also offers the most flexible credit and qualification requirements of any loan product.

Receive up to $15,000 in grant funds, available for Community Partners such as active military and veterans, towards your down payment and/or closing costs. Eligibility requirements apply and grants are available on a first come first serve basis. Learn more about Freedom’s affordable housing grants.

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Jumbo Loans

A Jumbo loan allows you to purchase a home with a loan amount that would traditionally exceed the limits of conventional financing. Luxury homes and multi-unit properties are among those you could finance with a Jumbo loan. In addition to increased financing for the purchase of a high value home, a Jumbo loan refinance could lower your monthly payments, allow you more discretionary income, and restore the investment value of your home. The jumbo loan products available are capped at $3,000,000.

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What our members are saying

I have loved this credit union and the people working for it, for many years.  This is an excellent credit union, and I have referred many people to you.  I have financed my mortgage, cars, second mortgage, credit card, and refinanced my home with you.  I never, ever had any problems.  The tellers, and everyone I have contact with, are friendly, knowledgeable, and efficient. Thank you very much.

— Paulette J.


Mortgage Loan Rates

Our Expert

How can you lower your mortgage payment or use your home’s equity to pay off debt? Is it a good time to be in the market? Hear more from our mortgage expert, Mike Ostrowski, seen here on Midday Maryland talking about the basics of mortgages, refinancing, and HELOCs.

Contact Us

  • Thank you for your interest in Freedom's Home Loan options. Please provide the following information, and you will be contacted by a member of our Mortgage Team.
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1 Rates are subject to change without notice, and may vary according to credit history. Rates and terms may be different as determined by collateral and individual credit worthiness.
2 Freedom will pay closing costs up to a maximum of $1,000.
3 Flexible term lengths include 5, 7, 10, 15 and 20 years. Restrictions may apply.
4 APR = Annual Percentage Rate. Discount available with e-Statement enrollment and automated payments on select loan types.
5 The interest of the portion of credit extension greater than the fair market value of the dwelling is not tax deductible. Consult your tax advisor for further information regarding the deductibility of interest and charges.

* Consult your tax advisor. Borrower will be responsible for third party fees, such as: appraisal, tax and flood tracking, title insurance, and settlement service. Consult your tax advisor about tax deductions and your tax liability. Adequate homeowner’s insurance coverage is a requirement for this loan.

** APR=Annual Percentage Rate. Rate, terms, and conditions are subject to change without prior notification. Actual rate may vary based on the term, loan amount, your credit history, and other factors. Home Equity Line of Credit – 180 months APR 8.50% at $ 9.88 per $1,000. Example loan amount $10,000 with an estimated monthly payment of $ 98.78.  Home Equity Loan – 180 months APR 6.74% at $ 8.85 per $1,000. Example loan amount $10,000 with an estimated monthly payment of $ 88.48. Current prime rate is 8.50%. Rate is subject to change.