Freedom Mortgage Corporation Mortgage Lending & HMDA Data, 2023
In 2023, Freedom Mortgage Corporation of Boca Raton, FL reported 76,364 mortgage applications totaling $24.9 billion, down 57% from 2022. The average application was for $326,353, and applicants reported an average income of $113,499. 30% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Atlanta-Sandy Springs-Roswell, GA (2,773), Phoenix-Mesa-Scottsdale, AZ (1,961) and Washington-Arlington-Alexandria, DC-VA-MD-WV (1,832) (applications in parentheses).
| Mortgage Company & Address | Freedom Mortgage Corporation 951 Yamato Road Suite 175 Boca Raton, FL 33431 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 76,364 |
| Total Mortgage Loan Application Amount | $24,921,640,000 |
| Average Mortgage Loan Application Amount | $326,353 |
| Highest Mortgage Loan Application Amount | $6,215,000 |
| Average Applicant Income | $113,499 |
| Highest Applicant Income | $2,900,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Freedom Mortgage Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage Loan Application Detail Totals for Freedom Mortgage Corporation in 2023
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 38,237 | $10,619,045,000 | $277,000 | $3,205,000 | $99,000 | $1,832,000 |
| Home Purchase | 35,139 | $13,420,035,000 | $381,000 | $6,215,000 | $130,000 | $2,900,000 |
| Refinancing | 2,988 | $882,560,000 | $295,000 | $1,495,000 | $105,000 | $766,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 29,164 | $8,163,650,000 | $279,000 | $3,255,000 | $106,000 | $2,900,000 |
| Not applicable | 23,924 | $9,345,380,000 | $390,000 | $2,395,000 | $0 | $0 |
| Black or African American | 9,626 | $2,861,230,000 | $297,000 | $2,785,000 | $103,000 | $1,392,000 |
| Hispanic | 6,564 | $2,056,650,000 | $313,000 | $1,535,000 | $107,000 | $1,481,000 |
| Not Provided | 4,399 | $1,509,685,000 | $343,000 | $5,505,000 | $118,000 | $1,832,000 |
| Asian | 1,771 | $709,705,000 | $400,000 | $6,215,000 | $135,000 | $857,000 |
| American Indian or Alaskan Native | 654 | $172,640,000 | $263,000 | $905,000 | $95,000 | $428,000 |
| Native Hawaiian or Other Pacific Islander | 231 | $88,585,000 | $383,000 | $1,085,000 | $119,000 | $600,000 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 35,131 | $10,166,755,000 | $289,000 | $1,425,000 | $93,000 | $1,481,000 |
| VA-guaranteed (Veterans Administration) | 26,185 | $9,373,995,000 | $357,000 | $6,215,000 | $113,000 | $2,298,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 14,499 | $5,283,645,000 | $364,000 | $1,505,000 | $130,000 | $2,900,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 549 | $97,245,000 | $177,000 | $425,000 | $84,000 | $585,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Purchased By The Institution | 23,924 | $9,345,380,000 | $390,000 | $2,395,000 | $0 | $0 |
| Loan Originated | 22,739 | $7,002,065,000 | $307,000 | $6,215,000 | $113,000 | $2,283,000 |
| Application Withdrawn By Applicant | 12,889 | $3,856,565,000 | $299,000 | $2,965,000 | $110,000 | $2,900,000 |
| File Closed For Incompleteness | 8,229 | $2,312,985,000 | $281,000 | $2,375,000 | $104,000 | $2,280,000 |
| Application Denied By Financial Institution | 7,818 | $2,161,060,000 | $276,000 | $5,505,000 | $89,000 | $1,200,000 |
| Application Approved But Not Accepted | 765 | $243,585,000 | $318,000 | $1,655,000 | $118,000 | $630,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 68,546 | $22,760,580,000 | $332,000 | $6,215,000 | $111,000 | $2,900,000 |
| Collateral | 3,058 | $760,160,000 | $248,000 | $1,015,000 | $95,000 | $534,000 |
| Debt-To-Income Ratio | 1,867 | $577,015,000 | $309,000 | $2,955,000 | $69,000 | $506,000 |
| Credit History | 1,335 | $373,895,000 | $280,000 | $2,245,000 | $102,000 | $1,200,000 |
| Other | 593 | $170,675,000 | $287,000 | $5,505,000 | $99,000 | $825,000 |
| Unverifiable Information | 436 | $130,370,000 | $299,000 | $1,425,000 | $95,000 | $540,000 |
| Employment History | 267 | $77,435,000 | $290,000 | $995,000 | $70,000 | $343,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 167 | $46,715,000 | $279,000 | $985,000 | $104,000 | $475,000 |
| Credit Application Incomplete | 95 | $24,795,000 | $261,000 | $685,000 | $97,000 | $303,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Freedom Mortgage Corporation's 2023 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Freedom Mortgage Corporation's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Florida, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About