Metamaterials have attracted more and more research attentions recently. Metamaterials for electromagnetic applications consist of sub-wavelength structures designed to exhibit particular responses to an incident EM (electromagnetic) wave. Traditional EM (electromagnetic) metamaterial is constructed from thick and rigid structures, with the form-factor suitable for applications only in higher frequencies (above GHz) in microwave band. In this paper, we developed a thin and flexible metamaterial structure with small-scale unit cell that gives EM metamaterials far greater flexibility in numerous applications. By incorporating ferrite materials, the thickness and size of the unit cell of metamaterials have been effectively scaled down. The design, mechanism and development of flexible ferrite loaded metamaterials for microwave applications is described, with simulation as well as measurements. Experiments show that the ferrite film with permeability of 10 could reduce the resonant frequency. The thickness of the final metamaterials is only 0.3mm. This type of ferrite loaded metamaterials offers opportunities for various sub-GHz microwave applications, such as cloaks, absorbers, and frequency selective surfaces.