Freed Home Loans - H. Freed Holdings

Welcome to Freed Home Loans

Your Trusted Partner for Home Financing Solutions

At Freed Home Loans, we offer a wide range of mortgage products to fit your unique financial needs and homeownership goals. Whether you’re buying your first home, refinancing, or looking to invest, we’ve got you covered.

Our Mortgage Products

1. Fixed-Rate Mortgages

30-Year Fixed:
- Qualifications:
  - Minimum credit score: 620
  - Stable income and employment history
  - Down payment: As low as 3-5%
  - Debt-to-income ratio: Generally 43% or lower
  - Additional Requirements: 6 months of bank statements, 2 years of tax returns
15-Year Fixed:
- Qualifications:
  - Minimum credit score: 620
  - Higher monthly income preferred
  - Down payment: As low as 3-5%
  - Debt-to-income ratio: Generally 43% or lower
  - Additional Requirements: 6 months of bank statements, 2 years of tax returns

2. Adjustable-Rate Mortgages (ARMs)

5/1 ARM:
- Qualifications:
  - Minimum credit score: 620
  - Down payment: As low as 5%
  - Debt-to-income ratio: Generally 43% or lower
  - Understanding of potential future payment increases
  - Additional Requirements: 6 months of bank statements, 2 years of tax returns
7/1 ARM:
- Qualifications:
  - Minimum credit score: 620
  - Down payment: As low as 5%
  - Debt-to-income ratio: Generally 43% or lower
  - Understanding of potential future payment increases
  - Additional Requirements: 6 months of bank statements, 2 years of tax returns
10/1 ARM:
- Qualifications:
  - Minimum credit score: 620
  - Down payment: As low as 5%
  - Debt-to-income ratio: Generally 43% or lower
  - Understanding of potential future payment increases
  - Additional Requirements: 6 months of bank statements, 2 years of tax returns

3. Interest-Only Mortgages

Qualifications:
- Minimum credit score: 700+
- Typically require a higher income and significant down payment (20%+)
- Suitable for borrowers with fluctuating or increasing future income
- Must qualify for the higher payments once the interest-only period ends
- Additional Requirements: 6 months of bank statements, 2 years of tax returns

4. FHA Loans

Qualifications:
- Minimum credit score: 580 (lower scores may qualify with a higher down payment)
- Down payment: As low as 3.5%
- Debt-to-income ratio: Up to 50% in some cases
- Must meet FHA property requirements
- Additional Requirements: 6 months of bank statements, 2 years of tax returns

5. VA Loans

Qualifications:
- Must be an eligible veteran, active-duty service member, or surviving spouse
- No minimum credit score required (lender-specific, usually 620+)
- No down payment required
- Must meet VA property requirements
- Additional Requirements: 6 months of bank statements, 2 years of tax returns

6. USDA Loans

Qualifications:
- Must meet income limits based on location and family size
- Property must be in a USDA-designated rural area
- No down payment required
- Minimum credit score: 640
- Additional Requirements: 6 months of bank statements, 2 years of tax returns

7. Jumbo Loans

Qualifications:
- Minimum credit score: 700+
- Significant down payment: Typically 10-20%+
- Low debt-to-income ratio: Generally 43% or lower
- Strong financial reserves required
- Additional Requirements: 6 months of bank statements, 2 years of tax returns

8. Conventional Loans

Qualifications:
- Minimum credit score: 620
- Down payment: As low as 3-5% for conforming loans
- Debt-to-income ratio: Generally 43% or lower
- Meets Fannie Mae and Freddie Mac guidelines for conforming loans
- Additional Requirements: 6 months of bank statements, 2 years of tax returns

9. Reverse Mortgages

Qualifications:
- Must be 62 years or older
- Home must be your primary residence
- Sufficient home equity required
- Must meet financial assessment criteria
- Additional Requirements: 6 months of bank statements, 2 years of tax returns

10. Home Equity Loans

Qualifications:
- Minimum credit score: 620
- Sufficient home equity: Typically 15-20% of the home’s value
- Stable income and employment history
- Debt-to-income ratio: Generally 43% or lower
- Additional Requirements: 6 months of bank statements, 2 years of tax returns

11. Home Equity Lines of Credit (HELOCs)

Qualifications:
- Minimum credit score: 620
- Sufficient home equity: Typically 15-20% of the home’s value
- Stable income and employment history
- Debt-to-income ratio: Generally 43% or lower
- Additional Requirements: 6 months of bank statements, 2 years of tax returns