# Freedom Credit Union

> **Canonical URL:** https://saferate.com/lenders/freedom-credit-union


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Freedom Credit Union is a credit union, headquartered in Springfield, MA, serving borrowers across 3 states, with 76 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 29% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 73% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 2549006HJBA7HTOZF285
- **Headquarters:** Springfield, MA
- **Geographic Reach:** Regional
- **States Served:** 3
- **State List:** CT, MA, VT
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 71/100
- Rating: ●●●●○ (4/5)

### Pull Through: Acceptable 🙂
- Score: 27/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** +0.066%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $976
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 76
- **Dollar Volume:** $21 million
- **Applications Received:** 136
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $273,684
- **Average Borrower Income:** $115,737
- **Average Property Value:** $390,658

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 42/100 | 75 | +0.072% | $973 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 56 loans, Score: 38/100 (Acceptable)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 38/100 | 57 | $18M | +0.004% | Acceptable 🙂 |
| Refinance | 44/100 | 19 | $3M | +0.263% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MA | 70 | 0.12% | 67/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Springfield, MA | MA | 53 | 76/100 |
| Non |  | 13 | 30/100 |

## Where This Lender Ranks

Freedom Credit Union appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥉 **#3** in Springfield, MA for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/springfield-ma/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#4** in Springfield, MA Credit Unions
  - [View Full Rankings](https://saferate.com/springfield-ma/best-mortgage-lenders/credit-unions)

## Frequently Asked Questions

### What loan types does Freedom Credit Union offer?

Freedom Credit Union offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Freedom Credit Union offer mortgages?

Freedom Credit Union offers mortgages in 3 states: CT, MA, VT.

### How competitive are Freedom Credit Union's mortgage rates?

Freedom Credit Union has a pricing score of 71/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.066% above market average.

### What type of lender is Freedom Credit Union?

Freedom Credit Union is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Springfield, MA.

### What is Freedom Credit Union's loan approval success rate?

Freedom Credit Union has a pull-through score of 27/100 (Acceptable). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/freedom-credit-union

### How to Cite

> "Freedom Credit Union Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/freedom-credit-union

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