Making Home Ownership Easy and Affordable

Mortgage Loans

Whether you’re a newbie to buying a house or an old pro at it, turn to Freedom. We can help you buy or refinance any type of home. We offer a full range of options, along with the support and expertise to make home buying easy and affordable. Work with one of our experienced Mortgage Representatives who will help you choose the right mortgage and guide you through the entire process.

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? Midday Maryland is navigating the basics of mortgages, refinancing, and HELOCs, with expert, Mike Ostrowski, Mortgage Manager at Freedom Federal Credit Union, as he speaks with host, Elsa M. with advice that every homeowner and house hunter should hear.

Calculator: How Much Home Can I Afford?
  • Home Loan Options Customized for You!

    Fixed-Rate Mortgages (10, 15, 20, 30 year)
    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 and 20 year fixed-rate loan products for a more accelerated payoff schedule, compared to the 30 year fixed rate. The interest rate will always remain the same, your principle and interest payment will never change, and with a variety of terms available you can pay off your mortgage at a pace that’s best for your unique situation.

    Adjustable Rate Mortgages (ARM’s — 3, 5, 7, and 10 year)
    An ARM provides you with a lower initial payment, and will temporarily lock the rate at the time of closing. After the initial lock period ends, the rate will adjust for the remaining life of the loan, depending on market rates. ARMs allow you to take advantage of falling interest rates without refinancing, rates could increase as well. If you are considering a refinance or a move in the near future, an ARM loan may be a great option for you as the lower initial rates can offer a cheaper option if you don’t plan on staying in one place for long.

    FHA (Federal Housing Administration)
    The 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.

    VA (Veterans Administration)
    The 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.

    Home Possible
    Freedom offers the Home Possible mortgage loan for first time homebuyers with low-to-moderate income. The Home Possible program allows for new home purchases and rate and term refinances, with reduced mortgage insurance, flexible sources of funds for down payments, and flexible closing cost options.

    The HomeReady program is great for first time homebuyers and borrowers with little or no credit history. HomeReady is available with a variety of options designed to address some of the most common obstacles homebuyers face when purchasing a home.

    • Options to help minimize or alternatively document cash for down payment and closing costs.
    • More flexibility when qualifying for the minimum payment using your income
    • Lower minimum credit score requirements than most mortgage programs


    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.

    Freedom Financing and Refinancing Options All Include:

    • Free pre-qualifications
    • No application fees
    • Low settlement costs
    • Personal, dedicated assistance from application to closing
    • Freedom Federal Credit Union will lend on real estate located in 32 states

    Freedom also offers Home Refinancing, Home Equity Loans and Lines of Credit options

  • Home Loan Information Request

    • 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.
    • What is your name? * Required
    • Home Loan Product You Are Interested * Required
    • When Will You Be Ready to Purchase or Refinance? * Required
    • This field is for validation purposes and should be left unchanged.

While You’re Getting Your Mortgage . . .

Freedom’s HomeAdvantage® program gives members everything you need to simplify the home buying or home selling process, research properties and neighborhoods, select a local real estate agent, and earn, on average, $1,500 in cash rewards*. Learn More

Freedom members are eligible for a 5% discount on Home Owners insurance. Policies provided through Liberty Mutual. Get an instant quote online or contact the local Liberty Mutual Representative and let them know you are a Freedom member.


*The HomeAdvantage™ program is made available to you through a relationship between your Freedom Federal Credit Union and CU Realty Services. Program rebates are awarded by CU Realty Services to buyers and sellers who select and use a real estate agent in the HomeAdvantage network of approved realtors. Home buyers or sellers are not eligible for the rebate if they use an agent outside this network. Rebate amounts are dependent on the commissions paid to the agent. Freedom Federal Credit Union may have specific rules on how your Cash Rewards will be paid out.  Rebate incentives are available in most states; however, are void where prohibited by law or by the lender. Please consult with Freedom Federal Credit Union to get details that may affect you.