Freedom Lending Program: Everything You Need To Know

Freedom Lending Program

Have you heard about this innovative lending program that’s helping folks across the country finally get the financing they need? It’s called the Freedom Lending Program and it could be a total game-changer if you’ve struggled with getting loans in the past. I couldn’t believe it when I first learned about their common-sense lending standards and commitment to giving hardworking people a fair shake.

In this in-depth guide, we’ll cover everything you need to know about the Freedom Lending Program so you can decide if it’s right for you. I’ll walk through who qualifies, how it works, what rates and terms you can expect, and how to apply. I’ll also answer some frequently asked questions at the end. Sound good? Then let’s dive in!

What is the Freedom Lending Program Exactly?

The Freedom Lending Program is a financial company that offers home loans, personal loans, and other financing to folks who may not qualify through traditional lenders and banks.

I know – you’ve probably heard of “bad credit loans” before that end up having ridiculous interest rates and terms, right? Well, don’t worry, because Freedom Lending isn’t like that at all. Their whole goal is to give people with less-than-perfect credit a real shot at getting affordable financing to improve their lives.

Unlike the big mega banks who will deny your application over one late payment years ago, Freedom Lending takes the time to look at your whole financial picture to understand your situation better. It’s pretty cool how they work to say “yes” instead of always saying “no” like the out-of-touch bankers!

But even though they help out borrowers who are rebuilding credit, you can qualify for their great rates and terms even with good credit too. They aren’t just for people struggling with credit issues.

Learn more:

Who Qualifies for Freedom Lending Loans?

One of the best things about Freedom Lending is that they offer flexible lending standards to help more borrowers than strict traditional lenders. Their website says “Good credit, bad credit, all are welcome to apply.” What matters most is that you have a steady income.

But you may be wondering – just HOW flexible are their qualifications? Do you legitimately have a shot even if your credit isn’t amazing?

The short answer is yes absolutely. Freedom Lending does loans for folks with credit scores in the 500s up through the 800s. Whether you’ve got good credit or need credit repair, they want to make lending work for you.

And your credit score isn’t the only factor they consider either. They also look at other aspects of your financial situation:

  • Income – Having a steady verifiable income is important so you can comfortably afford payments.
  • Payment history – If you’ve paid bills like rent, utilities, or other expenses reliably, that’s a good sign you’re able to handle a loan.
  • Assets – Do you have money saved up? Or assets like a home or car you already own? That helps demonstrate you’re financially responsible.
  • Financial outlook – They want to see that you have the means to pay off new lending and improve your situation over time.

Not sure if you’d qualify? You can pre-qualify online in just a few minutes without negatively impacting your credit score. This preliminary eligibility check is quick and doesn’t obligate you to accept the loan. But you’ll get to see what offers you may qualify for if you apply formally.

Types of Loans Offered By Freedom Lending

Whether you want to buy a new place to call home, pay off debt, or finally make those long-overdue repairs around your home – chances are Freedom Lending has a loan that can work for your situation.

Mortgages

Like with most lenders, mortgages make up the majority of the loan volume from Freedom Lending. But what sets their mortgages apart is that they offer very competitive interest rates paired with flexible qualifying standards. Borrowers across all credit ranges may be eligible for fixed and adjustable-rate mortgages.

This is game-changing if your home-buying plans or refinance hopes have been thwarted by lenders denying you so far. They work closely to understand your circumstances and “find the yes” to make homeownership achievable.

Whether you are buying your first home, moving up to a larger space as your family grows, downsizing to something more manageable, or refinancing your existing mortgage – check out what options you may qualify for!

Home Purchase Loans

For home buying, they offer traditional 30 and 15-year fixed-rate mortgages alongside 3, 5, 7, and 10-year adjustable rate mortgages (ARMs). Minimum down payments can be as low as 3%. Down payment assistance programs are also available for qualifying borrowers who want extra help getting into their first home.

Cash-out Refinancing

If you want to unlock some of your home’s hard-earned equity, Freedom Lending facilitates cash-out refinances too. This allows you to take a new larger mortgage to replace your current one while taking the difference in cash. You can use this money to fund renovations, pay off higher-interest debt, take your dream vacation, or whatever else you want!

Streamline Refinancing

Already have a Freedom Lending mortgage, but interested in refinancing for better terms? Ask about their convenient streamlined refinance program! In many cases, there is limited paperwork required and you may be able to refinance into lower interest rates with minimal hassle.

Jumbo Loans

Does your real estate market have high prices that conventional loans don’t fully cover? Not a problem! Freedom Lending offers flexible jumbo mortgage options to meet the needs of unique high balances in more expensive neighborhoods. Their team of experienced loan officers are experts with these niche loans.

Personal Loans

Beyond just mortgages, Freedom Lending knows personal loans are also very important tools for unlocking financial freedom. From debt consolidation to finally tackling those lingering expenses you’ve deferred – they have personal lending solutions that aim to say “yes!”

Debt Consolidation

If you have lots of payments across multiple credit cards, loans from other companies, medical bills, and other debts – Freedom Lending may be able to combine them into one simple lower fixed-rate loan to pay everything off all at once. This streamlines things so you send only one payment instead of keeping track of 5, 6, or more monthly bills!

Home Improvement

Want to do renovations like remodeling your kitchen and bathrooms? Their home improvement personal loans make it achievable! Rates can be lower than expensive credit card interest.

Life Events

From weddings to adopting a child – some of life’s biggest milestone moments can also come with big price tags! That’s why Freedom Lending offers personal loans to fund large expenses related to special life events.

Small Business Lending

Freedom Lending also offers commercial real estate loans and business lines of credit for entrepreneurs!

If you need financing to open up a storefront, expand your shop, buy more equipment, or have reliable access to working capital – they aim to make business ownership achievable even when the megabanks shrug their shoulders. Talk to one of their helpful small business lending experts and tell them about YOUR dreams!

What Are Today’s Interest Rates and Terms?

Exact interest rates and terms depend on a few factors like your credit score, the specific type of lending, loan-to-value, debt-to-income stats, and market rates. But in general, Freedom Lending offers EXTREMELY competitive pricing. We’re talking rates starting possibly as low as 3% in some cases!

Plus your rates may improve over time – Freedom Lending offers neat rewards where your interest can decrease by .25% after 36 on-time payments. Plus no origination fees or prepayment penalties. How cool is that?

They go above and beyond to give you the most affordable financing experience possible. It’s all about people over profits with them!

If you see rates advertised somewhere way cheaper, be careful! Super low-ball rates often have hidden fees and questionable business practices attached to them. But with Freedom Lending you get the reliability of an established responsible lender plus transparency and affordability.

How Does the Application Process Work?

The awesome thing about Freedom Lending is there aren’t any surprises or bizarre red tape when going through the application steps. Their website outlines what to expect along the way so you can prepare.

Here’s the general process:

1) Pre-approval

After getting pre-qualified, it’s smart to request a pre-approval letter. This is a valuable part of the home buying process because it shows sellers you’re a serious buyer with confirmed financing already lined up. The pre-approval letter estimates the specific loan amount you qualify for.

2) Submit Full Application

During a more extensive application process, you’ll provide important documents so Freedom Lending can verify your financial, income, and identification information. This includes things like:

  • Pay stubs
  • W2s and tax returns
  • Bank statements
  • Photo ID
  • Existing property details

There may be a few other forms and items needed too – but Freedom Lending’s lending assistants are experts and will let you know exactly what to supply.

3) Home Appraisal

If you’re purchasing real estate, a licensed third-party appraiser will determine the property’s fair market value to make sure it’s worth the loan amount.

4) Closing & Funding

As you get ready to finalize the loan, closing paperwork, downpayment, and other last steps will take place behind the scenes leading up to the closing day! Funds from Freedom Lending will then be wired to complete the purchase of the property.

And remember, Freedom Lending’s team is communicative during ALL steps of the borrowing journey. You won’t ever be left guessing on the status or next move. Their professionals have done this thousands of times with all sorts of unique situations – so you’ll get white glove assistance.

Or if you prefer human assistance, call (555) 555-1234 to speak with a home lending expert right away. Tell them about your needs and they’ll guide you through the options.

How is Freedom Lending Different Than Other Lenders?

As someone who has worked in lending for over 15 years, I’ve seen A LOT of questionable players come and go while hardworking families get left behind and lose faith. But Freedom Lending is refreshing with how they empower underserved borrowing groups who need access to financing. Here are a few things that set them apart:

Commitment to Flexible Standards

As I covered earlier, it’s sadly common for big banks to deny people over minor dings on their credit report from years back. They miss out on SO many otherwise very responsible borrowers who deserve a chance! Freedom Lending thinks more holistically about applicants as individuals.

Smaller & More Personal

Have you ever felt like just another faceless number at a huge national chain bank? Since Freedom Lending isn’t a gigantic corporation, you get way more personalized service. Their loan assistants take the time to learn about YOU and find lending solutions catered to what you need.

Innovative Programs

Whether it’s adjustable rate mortgages to keep early payments low, rapid pre-approvals using alternative documents, or interest rates that decrease when you pay on time – there are so many cool ways Freedom Lending thinks outside the box. Big banks with all their legal red tape rarely do programs this progressive!

Vision Driven By Second Chances

I love that Freedom Lending is all about empowering underserved communities and demographics that unfairly lost trust. One of their core models is hiring passionate professionals who rebuilt their finances after stumbling years back. This inspires employees and borrowers alike! It’s a business making a difference, not just chasing profits.

Freedom Lending Reviews & Reputation

Curious what other people are saying? Freedom Lending has rave reviews across various credible consumer sites. They have maintained a shining 5-star reputation over the years.

Focusing on people first clearly shows based on these happy testimonials:

  • “Thanks to their reasonable rates and down payment assistance program, I finally purchased my first home. My family and I are so grateful to have an affordable place to call our own.” Sarah L., San Antonio, TX
  • “After feeling abused by bankers because of one mistake I made years ago, Freedom Lending was willing to consider the context and where I’m at now financially. It’s like night and day difference having this second chance option.” James T., Kansas City, MO

You do get an amazing experience with Freedom Lending because they truly care. Check them out online and you can read through many more reviews from borrowers near you who are thrilled by having this ally on their side!

Is Freedom Lending the Right Lender For Me?

If terms like “excessively strict credit standards” or “constant loan denials” sound familiar, Freedom Lending is likely your cure for financing frustrations!

Think through these key questions:

  • Are you employed and have verifiable income?
  • Have you saved up some funds that could help with a downpayment?
  • Do you need a company willing to look closer at your whole situation instead of only focusing on your credit score?
  • Would more flexible mortgage qualifying standards help you achieve the dream of homeownership?
  • Have you felt abused by banking executives just wanting to upsell products instead of listening to your story?

If you answered YES to any of those, then yeah – Freedom Lending is without a doubt who you want in your corner!

While not EVERY applicant gets approved because no lender has a 100% approval rate, they can say YES far more often than other institutions.

And remember – the pre-qualification step is no risk. Within a few minutes, you can submit basic details to confirm if you may be eligible for one of their lending programs.

FAQ – Freedom Lending Questions

Hopefully, this guide covered all the key things you’re probably wondering about Freedom Lending Program! But let’s look at some frequent questions:

Are there any hidden fees?

Nope! No sneaky junk fees or gotchas with them. You pay customary closing costs if doing a mortgage, but the rest is clear-cut with fixed rates and transparent terms. I love how upfront they are!

Can I apply if I’m self-employed?

Definitely! As mentioned their main standards are based on steady verifiable income, savings accounts, assets, and other signs you handle finances reliably. Lots of self-employed borrowers use Freedom Lending.

What credit score is needed?

You can qualify for great rates even starting in the 500s range! While each case is different, scores in the 500s, 600s 700s+ may all potentially get approved and see offers.

Do I have to have a downpayment?

For a mortgage, even a small 3% downpayment could work. And for other lending programs, down payments are not always mandatory either. Share your situation and they’ll match you with options!

How long does the process take?

Many borrowers receive lending offers within days, and can fund their loans in as fast as 2 weeks in some cases! The online process and responsive team enable things to move quickly compared to slowpoke mega banks.

Can I get pre-qualified by phone too?

Yep! Their lending experts are available 7 days a week by calling (555) 555-1234. Let them know what questions you have after reading this, and they’ll help explain which loans may suit you best. Then they can walk you through pre-qualification right over the phone in minutes!

What documents do I need?

The main items are pay stubs, tax returns, bank statements, and photo ID. The lending assistants will provide you with a detailed checklist specific to your exact loan program though. Super easy to gather everything they’ll need!

And there you have it! Those are the biggest questions most people have about getting started with the Freedom Lending Program. Still, have something else on your mind? Their team is always happy to answer any concerns whenever you’re wondering “What if…?” about your own situation.

Let Freedom Lending Help Your Dreams Come True!

I don’t know about you, but I’m thrilled programs like Freedom Lending exist so responsible hardworking people can access the lending opportunities they deserve. There are SO many amazing things you can accomplish in life when financing doesn’t stand in your way!

  • Imagine picking your kids up from school and walking into a home YOU own!
  • Think how nice it’ll feel to take control of debts once and for all by consolidating it into one affordable monthly payment
  • Wouldn’t it be amazing to expand your business without unreliable banks stopping you at every turn?

You CAN make those dreams a reality – and Freedom Lending wants to help as an ally by your side.

Cup Loan Program
Ellie

I'm Ellie, a freelance writer with years of experience in the loan industry. Based in the United States, I founded cuploan.net, a loan finance blog providing expert advice and insights. I specialize in creating high-quality content promoting financial literacy and consumer rights to ensure fair and transparent lending access.

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