Applications Closing March 2023


Homeowners are advised to take advantage of a new Mortgage Stimulus Program before it’s gone. This is likely to be the largest benefit program American homeowners have seen.

This Stimulus Program is aimed to help average American citizens and stimulate the economy. Utilizing this new service could get homeowners $271 /mo* or $3,252* per year!

Banks do not want homeowners to know about these programs as they can greatly lower mortgage payments through this simple Government-backed solution.

We recommend checking your eligibility as soon as possible before deadlines are announced or requirements are changed.

To see if you live in an active zip code, just click below.


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* – Based on Median Home Equity of Americans aged 45 to 54 of $70,000 (U.S. Census Bureau)

Table of Contents

Freedmont Mortgage Review


One Of Marylands Oldest Licensed Mortgage Firms

Founded in 1992, Freedmont Mortgage Company- part of the Freedmont Financial Services Group- has grown into one of the largest mortgage lenders in Maryland.

Freedmont specializes in home loans for both purchase and refinancing purposes. Serving customers from all occupations, including those who find themselves with bad credit.

Services offered:

  • first time buyers
  • home refinance
  • jumbo mortgages
  • non-conventional loans- such as rental homes
  • student loan assistance programs

Who Should Use Freedmont Services?

A home mortgage is one of the most crucial financial decisions you will ever make. Freedmont Mortgage has experienced staff who are able to cater to your specific financing needs. You will be able to take advantage of a variety of options and find the loan that best suits your specific need.

Fixed-Rate Mortgages

Fixed-rate loans are the most popular in-home financing due to their security. Fixed-rate mortgages are most popular for people with a steady income because they lock in your interest rate and monthly payment. The most popular loan program is the 30-year fixed. 20-, 15-, and 10-year terms are also available.

Freedmont’s fixed-rate loans start at just under four percent, so Freedmont can help you find the perfect mortgage for your budget.

Fixed-rate mortgages are great if:

  • You have a low credit score and need to rebuild it,
  • You’re concerned about interest rates increasing in the future
  • Want to lock in the current low rates

If this sounds like you, Freedmont is ready to help.

Adjustable-Rate Mortgages

Mortgages with adjustable rates save money during the initial period of the mortgage. If you intend to refinance or sell your property in an expected timeframe, an adjustable-rate may be a good choice for you.

One of the drawbacks to using an ARM is that in uncertain economic times, the loan’s interest rates can undergo a significant change, which could mean making changes to your budget.

Another option is Hybrid ARMs. These have an initial fixed rate for a certain period, after which the interest rate adjusts according to prevailing market rates. Interest is capped at a set amount during the adjustable phase of your loan.

FHA Loans

Federal Housing Administration (FHA) loans are government-owned institutions that offer affordable mortgage financing with fixed rates and provide more flexibility for:

  • first-time homebuyers
  • other high-risk borrowers

FHA Loans reduce the cash required to purchase a home by allowing for as little as 3.5% down compared to 20% down with Conventional Mortgage loans.

You can refinance your current FHA loan with no appraisal through the Streamlining FHA Refi program.

VA Loans

If you are:

  • a veteran
  • member of the military
  • surviving spouse of an individual in one of the above groups

then this is for you. VA loans offer many opportunities. You can borrow up to 100% of a home’s value and put $0 down. It does not matter if you have not had good credit in the past because one simple qualifying requirement makes all the difference – active service in any Armed Forces branch. Backed by the US government the loan has less stringent qualification guidelines.

Reverse Mortgages

A reverse mortgage is a loan that takes equity from the borrower’s home and provides them with cash. Secure the amount of money via the loan expires once the property’s last owner leaves it.

Reverse Mortgages Advantages include:

  • Allows you to remain independent with your homeownership.
  • You will not need to make any more mortgage payments as they go towards the house being rented out.
  • The money you receive from a reverse mortgage is tax-free, among other advantages.

USDA Home Loans

To qualify for a USDA loan, you must meet these requirements:

  • Must live in a rural community
  • Credit worthiness
  • Have two years of demonstrated employment and income

A Freedmont Mortgage Loan Officer can check if your property is a USDA loan designated. The goal of this program is to help rural communities thrive by making land and property more affordable.

When reviewing your credit, the major factors are how often you make payments on time and any new blemishes on your record within the past 24 months.


203k Home Renovation Loans

If you are interested in a fixer-upper or renovating your current home, an FHA 203k rehab loan might be right for you. Combining the funds needed to buy and repair a house with the funds necessary for a mortgage, this type of loan will accommodate your needs by providing both money and stability.

Acceptable improvements include:

  • changes to the structure of your home
  • Changes to improve the function, condition, and appearance.
  • Remove health and safety hazards
  • Improve your home’s aesthetic appeal
  • Reconditioning or replacement of plumbing, heating, and air conditioning
  • Conservation improvements
  • Improve your condominium’s landscaping and site amenities
  • Improvements to a house for wheelchair access

Why we Recommend Freedmont Mortgage

Freedmont works hard to provide quality customer service and competitive rates, including no-fee mortgages for those who qualify.

Freedmont’s rates vary depending on loan type from as low as 0.75% for purchase and fixed-rate mortgages starting at just under seven percent and going up from there depending on the term length you choose. Freedmont also offers discounted rates in celebration of their anniversaries.

Business Review Grades (, yelp, etc. what are people scoring them with and saying about them)

Freedmont Mortgage has a BBB rating of A+ with zero complaints and Better Business Bureau (BBB) accredits them. Rated on Yelp at five stars with only one review, but that reviewer left an excellent comment about their service: “great rates and customer service.”

Freedmont has a Facebook page with over 800 likes, and Alexa ranks Freedmont Mortgage’s website,, as the 190th most visited site in the United States.


Is Freedmont licensed?

Freedmont has an active license in California, AND they have been servicing customers nationwide for many years.

Can Freedmont help me with my VA loan?

Yes, Freedmont offers discounted rates in celebration of their anniversaries. Freedmont is a Veteran’s Administration (VA) approved lender and has been servicing VA loans for many years. Freedmont offers 203k home renovation loans, RD Guaranteed Loans and RD Insured Home Loans, and 203k Home Improvement Loans.

What are Freedmont’s rates?

Freedmont offers discounted rates in celebration of their 25th Anniversary! Freedmont’s rates vary depending on loan type from as low as 0.75% for purchase and fixed-rate mortgages starting at just under seven percent and going up from there depending on the term length you choose.

Does Freedmont offer international financing?

Yes, Freedmont is able to service your international financing needs by working with our global network of lenders. Freedmont can provide you the best rates and terms for your international financing needs, whether it be a purchase or refinance.

Unique Features Freedmont Mortgage Group Offer

Do Not Call Policy

Freedmont Mortgage upholds the rights of consumers and respects their customers’ requests not to be called by only contacting a list member in the following circumstances:

  • to obtain updated information
  • to verify your request has been completed satisfactorily

Accessibility Statement

Freedmont mortgage is committed to helping customers find the products and services they need. They comply with all applicable standards, including WCAG 2.0 accessibility standards up to Level AA as it seems appropriate. The law, WCAG standards, and other accessibility requirements might change from time to time; therefore, we strive to keep content online updated. You can contact the mortgage to work with you to provide information for access and compliance requirements as outlined by applicable law.

Educating Home Owners

Home buying has become increasingly competitive in recent years. With a wide range of loan products available and increased government regulations, homebuyers need to be well informed when navigating the sometimes difficult process of finding the right mortgage.

Freedmont mortgage educates its clients through videos and other various ways where you will learn:

  • Available programs for purchase and refinance loans.
  • The importance of your credit score during the loan application process
  • How to work with different lenders
  • The parties involved in the mortgage process from application to closing

Contact Information (Phone Number & Additional Details)

Call: 800-955-8508


Address: 50 Scott Adam Road, Second Floor Hunt Valley, Maryland 21030.

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