Freedom Mortgage is pleased to support Compass clients like you with all of your Bridge Loan needs. We are committed to providing comprehensive and timely advice on how to use Bridge Loans* and other financing niches to help you transition into a new home in the most seamless and cost-effective way possible based on your financial profile.
Why Freedom Mortgage?
The key to a successful Bridge Loan is identifying the best strategy, product and terms for each client’s circumstances. With a unique set of flexible loan products, our experienced Loan Officers have all of the tools at their fingertips to help unlock this complex financing puzzle. Being recognized as a top residential lender** nationwide with 25 successful years in business makes Freedom an excellent choice for all of your financing needs.
Cost Efficiencies
Subject to state and/or Federal requirements, we work with our third-party vendors to reduce costs throughout every step of the loan process with the hope of being able to pass cost savings on to you. Customers who obtain both Bridge Loan and permanent loan financing from Freedom Mortgage may be able to enjoy cost savings on both transactions!
Lender Fees: All lender fees will be waived on loans where Freedom Mortgage is the lender. (Not applicable where Freedom Mortgage brokers your application to another lender who makes the loan.)
Settlement Cost: We have worked with settlement agents and attorneys to ensure that the costs of their services are reasonably related to the market value, helping to ensure that you won’t be overcharged.
Retail Discounts***: You can be enrolled in Genworth Mortgage Insurance’s Homebuyer Privileges program where you’ll be entitled to discounts on consumer goods from some of the largest retailers in the country to help you furnish and appoint your new home.
Title Fees: Our title vendors work to reduce the cost of the title work needed to issue the required title policy.
*** Total discounts of up to $7,500 are available with Homebuyer Privileges®, a program offered exclusively by Genworth Mortgage Insurance through participating lenders. Eligibility conditioned only upon customer demonstrating intent to either purchase or refinance a home with Freedom Mortgage. The purchase of private mortgage insurance is not required for enrollment in the program. The borrower is not required to close the loan with Freedom Mortgage in order to take advantage of the program and may arrange for financing with any lender. Offers and participating companies are subject to change without notice.
*Some Bridge Loan products are brokered through a third party. Other Bridge Loan products may be available through our Retail channel. Our Home Equity Line of Credit Program is brokered through a third party and is not available in Alabama, Alaska, Hawaii, Louisiana, Mississippi, Oklahoma, Texas, West Virginia
**Inside Mortgage Finance Q32019