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Home Mortgage Loans

On your home ownership journey, you need a partner by your side. Let Freedom Credit Union serve as your financial partner.  

Whether you're a first-time buyer or experienced owner, our lenders are familiar with the Greater Philadelphia real estate market and will walk you through the home mortgage process from application to closing. 

We also offer refinancing for existing home loans, to help you save money each month with a lower rate.


  • Low rates on fixed and adjustable rate mortgages
  • Option to refinance your existing loan for a lower rate
  • Quick decisions on pre-approval for better purchasing power
  • Flexible terms for affordable payment plans
  • Free access to several home-buying resources
  • In-house processing for more efficiency
  • Local personalized service right here in Greater Philadelphia region
  • Freedom Members get better rates on homeowners insurance

Types of home loans

Thirty-Year Fixed Rate Mortgage

The traditional 30-year fixed-rate mortgage has a constant interest rate and monthly payments that never change. This may be a good choice if you plan to stay in your home for seven years or longer. If you plan to move within seven years, then adjustable-rate loans are usually cheaper. 

As a rule of thumb, it may be harder to qualify for fixed-rate loans than for adjustable-rate loans. When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run, because you can lock in the rate for the life of your loan.

Fifteen-Year Fixed Rate Mortgage

This loan is fully amortized over 15 years and features regular monthly payments. It offers all the advantages of the 30-year loan, plus a lower interest rate—and you'll own your home twice as fast. 

The disadvantage is that, with a 15-year loan, you commit to a higher monthly payment. Many borrowers opt for a 30-year fixed-rate loan and voluntarily make larger payments to pay off their loan in 15 years. This approach is often safer than committing to a higher monthly payment since the difference in interest rates isn't that great.

Hybrid ARM (1/1 ARM, 3/1 ARM, 5/1 ARM)

These increasingly popular ARMS—also called 1/1, 3/1 or 5/1 —can offer the best of both worlds: lower interest rates (like ARMs) and a fixed payment for a longer period than most adjustable rate loans. 

For example, a "5/1 loan" has a fixed monthly payment and interest for the first five years and then turns into a traditional adjustable-rate loan, based on then-current rates for the remaining 25 years. It's a good choice for people who expect to move (or refinance) before or shortly after the adjustment occurs.

Mortgage rates

We offer fixed and adjustable mortgage rates as low as 2.75%.

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Rent vs. Own calculator

Compare the estimated cost of renting vs. buying a home to determine which option is best for you.

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Mortgage checklist

Use our handy mortgage checklist, which includes all of the information you'll need to provide through the home loan process.

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Freedom mortgage center

Visit our one-stop-shop for all things home loan related. 

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