RecastWise

Freedom Mortgage Mortgage Recast: Fee, Minimum & How to Request

Last verified July 2026 · Widely reported by third parties — not officially published

Offers recastingCase by case
Reported feeNot published as a figure; Freedom says recasting "typically comes with a fee" that "can be several hundred dollars." Assume the ~$150–$500 range.
Reported minimumNot published; investor/loan-dependent.
Servicing phone855-690-5900

These figures are reported for planning and can change at any time. Freedom Mortgage's written recast agreement is what binds — confirm the current fee, minimum, seasoning, and your loan's eligibility with Freedom Mortgage before sending any payment.

What to know about a Freedom Mortgage recast

Conventional loans only if requirements are met; VA, FHA and USDA explicitly not eligible (stated on Freedom's own page). Eligibility is loan/investor-specific.

Is your loan eligible?

  • Conventional (Fannie Mae / Freddie Mac) loans are usually eligible, subject to your servicer and investor.
  • FHA, VA and USDA government loans generally cannot be recast (re-amortization only happens inside a loss-mitigation modification, which is a different process).
  • Jumbo and portfolio loans vary case by case — only the servicer/investor can confirm.
  • Interest-only loans, Option ARMs and commercial loans are typically ineligible.

How to request a recast

  1. Confirm your loan is current and past any seasoning period (often 2–6 on-time payments).
  2. Contact Freedom Mortgage (855-690-5900) and ask for their recast/re-amortization form — most servicers require the request before or with the lump sum, so an unsolicited principal payment won't automatically recast the loan.
  3. Make the qualifying lump-sum payment and pay any recast fee as directed.
  4. Allow roughly 30–60 days for the new, lower payment to take effect.

See your new payment

Estimate exactly how much a lump sum would lower your payment — and whether recasting, extra principal, or refinancing costs least — in the recast calculator. New to recasting? Start with what is a mortgage recast, or compare other servicers on the lender policies page.

Frequently asked questions

Does Freedom Mortgage offer mortgage recasting?

Freedom Mortgage handles recasts case by case depending on your loan and investor. Conventional loans only if requirements are met; VA, FHA and USDA explicitly not eligible (stated on Freedom's own page). Eligibility is loan/investor-specific.

How much does a Freedom Mortgage recast cost?

Not published as a figure; Freedom says recasting "typically comes with a fee" that "can be several hundred dollars." Assume the ~$150–$500 range. (Widely reported by third parties — not officially published.) Recast fees industry-wide are commonly $150–$500, and a few large banks are reported fee-free. Confirm the current fee directly with Freedom Mortgage.

What is the minimum lump sum for a Freedom Mortgage recast?

Not published; investor/loan-dependent. Minimums industry-wide are usually $5,000–$10,000, sometimes about 10% of the balance. Confirm with your servicer.