You can get prequalified for a mortgage in minutes. Call an experienced Loan Advisor today at 888-369-3719. Prequalification is a good way to estimate home prices you can afford, so you can search for houses that fit your budget.

How it works

When you call us, your Loan Advisor will ask you some questions about you and anyone who might be getting the mortgage with you. You can submit information about your income and expenses as well as your down payment. We'll also ask your permission to run a credit check.

Freedom Mortgage prequalifications are valid for 90 days and are 100% free! If your home search takes longer than that, it's simple to get a new prequalification letter. You can also get prequalified online.

Estimate how much home you can afford

Estimating how much you can afford is a great first step in your homebuying journey. Current interest rates have a big impact on home affordability. When rates rise, you can afford a less expensive home, because more of your monthly mortgage bill goes to interest payments. When rates go down, you can afford a more expensive home.

The size of your down payment has an impact on the price of homes you can afford. You should also consider the cost of property taxes, homeowners insurance, and mortgage insurance (if required by your loan). Our home calculators are easy to use and can help you estimate affordable home prices.

Home affordability calculator

When you're thinking about buying a home, figuring out how much you can afford is a great first step.

Mortgage payment calculator

Estimate how much you might pay monthly on your home loan.

Find a real estate agent

Real estate agents can make buying a home easier. Good agents are knowledgeable about their local housing markets. They know which houses are for sale as well as their prices and features. They can tell you about neighborhoods, schools, public transportation, and much more.

An agent finds homes and schedules showings. They can help you make offers, negotiate with the seller, manage appraisals and inspections, and coordinate paperwork. Buyer agent commissions are typically paid by the seller.

Our Freedom Homes program can help you connect with experienced real estate brokers and save money when you buy a home. Learn more about Freedom Homes.

Search for a new home

Price is probably the most important consideration in your new home search, but it isn't the only one. When you're buying a new home, it's important to think about the following characteristics, then decide which matter to you.

• Location and neighborhood. After price, perhaps the most important consideration is the community and neighborhood in which the home is located. These will have a significant impact on how happy you'll be as a homeowner. Learn more about how to decide where to live.
• Size. Think about the total number of square feet and the number of bedrooms and bathrooms you want. Also consider features like family rooms, home offices, the lot and yard size, and the garage or parking.
• Type of home. People often think of single-family houses when they use the word “house,” but townhomes and condos qualify, as well.
• Kitchen. Kitchens are one of the most functional rooms in a house, and they are expensive to remodel. It's important to consider if the kitchen is a good fit for your lifestyle.
• Age and condition. New homes are often move-in ready. Older homes can have charm, but may need repairs. Look at the conditions of the house and think about how much maintenance and repairs might cost. Consider things like the roof, windows, insulation, foundation, as well as heating, cooling, plumbing, and electrical systems.
• Amenities. It's good to think about what you want in a home as well as what you need. These can be things like a media room, space for a home gym, or a swimming pool. Many townhouses and condos are part of homeowner associations that offer amenities to their residents.

Make an offer on a house

Your offer includes more than purchase price. It should include an earnest money deposit as well as documents like a prequalification letter that show you can afford to buy the home. It might include contingencies and a proposed closing date, too. Learn more about how to make an offer on a home.

Choose a home loan

Your Freedom Mortgage Loan Advisor can help you understand your mortgage choices. Most homebuyers are eligible for conventional and FHA loans. If you are a Veteran or member of the military, you may be eligible for a VA loan. If you are buying a home in a rural community, you may be eligible for a USDA loan. Learn more about different mortgage types.

Apply for a mortgage

You'll need to apply for a mortgage once you've chosen the type you want. You'll need to complete a loan application, which contains information about you and any co-borrowers. This will ask for your employment status, income, assets, and liabilities. The application also contains information about the mortgage and property. You'll need to provide documents that confirm the information in the application is correct. Learn more about applying for a mortgage.

Get your mortgage approved

We'll review your mortgage application and documents once they are complete. You'll need to meet income, financial, and credit requirements to get your mortgage application approved.

At Freedom Mortgage, you'll work with a single Loan Advisor, supported by a dedicated loan team. This team will work with you every step of the way to answer your questions, get your application approved, and close your mortgage on time. Learn more about our mortgage application process.