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Churchill Mortgage Review 2022

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At a glance

Churchill Mortgage

4.1

Rating: 4.1 stars out of 5
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Bankrate Score

Mortgage Percent

Loans offered

Conventional, jumbo, FHA, VA, USDA, fixed-rate, adjustable-rate; rate-and-term refinancing; no-score loans

Location

Nationwide Availability

Available in all U.S. states except New York

Credit Good

Min. credit score required

620 for conventional loans; 580 for FHA loans

Pros and cons

Checkmark Pros

  • Offers no-score loans that consider your payment history (such as childcare, rent or utilities) instead of credit
  • Mobile app allows you to submit docs and complete an application
  • Rate Watch tool alerts you when ideal rate becomes available
  • “Homebuyer Edge” package combines benefits of Certified Home Buyer and Rate Relief programs with $5,000 seller guarantee
 

Close X Cons

  • Offers limited information about interest rates and costs online
  • No home equity lines of credit (HELOCs) or home equity loans

Churchill Mortgage overview

Churchill Mortgage is a privately held lender founded in 1992 and based in Brentwood, Tennessee. The lender offers a number of mortgage products, including conventional loans, FHA loans, jumbo loans and refinancing, as well as a "no-score loan" with manual underwriting for borrowers with unique credit circumstances. The lender operates in the majority of states and Washington, D.C., and has branch locations in several states. It offers prequalifications within a time frame of a few minutes up to 24 hours, and preapprovals in as little as a few hours or up to a few days. Although it adds time to the preapproval process, there’s also the option to become a “Churchill Certified Home Buyer,” a no-address-needed, fully underwritten preapproval that allows you to close one to two weeks earlier. You can also sign up for interest rate alerts, and with the lender’s “Rate Relief” and “Rate Secured” programs, you’ll get discounts on your mortgage payments for two years and have the ability to lock your rate for up to 90 days, respectively.

Churchill Mortgage is good for

Borrowers with limited credit histories, and for those seeking a smooth online process

Breakdown of Churchill Mortgage overall score

  • Affordability: You’ll need to touch base with a loan officer to learn what rates you might qualify for, but the lender’s Rate Watch tool can alert you when your target rate becomes available.

  • Availability: Churchill Mortgage does business in most states. It has a diverse set of loan offerings, including for borrowers with limited credit histories.

  • Borrower experience: You can initiate a request for a rate quote and apply for a mortgage via the Churchill website or app.

Methodology

To determine a mortgage lender’s Bankrate Score, Bankrate’s editorial team rates lenders on a scale of one to five stars based on a variety of factors relating to the lender’s products and services. Bankrate’s partners compensate us, but our opinions are our own, and partner relationships do not influence our reviews. Here is our full methodology.

Affordability: 3/5

Churchill Mortgage doesn’t publicly advertise rates on its website; you’ll need to connect with a loan officer for a custom quote. The lender’s closing costs typically range from 2 percent to 5 percent of the loan amount.

Availability: 5/5

Churchill Mortgage is available to borrowers in all states except New York. Its product lineup includes conventional FHA, VA and USDA loans. The lender also uniquely offers “no-score” loans, designed for borrowers with limited credit histories.

Borrower experience: 4.3/5

In business for 30 years, Churchill Mortgage is an A+-accredited company with the Better Business Bureau. The lender also has 4.9 out of five stars on Trustpilot, which is considered “Excellent.”

You can start the purchase loan or refinance process with Churchill Mortgage on the lender’s website. From there, you’ll indicate the state where the home is located and provide some personal information so you can speak with a loan officer to review your options.

Churchill Mortgage also has an easy-to-use app that allows you to apply for a loan in 10 minutes. Through the app, you can scan documents, and once your loan application is processed and underwritten, you can verify details and track its status. You can also communicate with your home loan team and receive notifications with the latest information about your loan. The lender can close within 14 days.

The lender offers additional online resources, as well, such as free guides and mortgage calculators.

If you have questions or want to contact a loan officer, you can call 888-562-6200.

Refinancing with Churchill Mortgage

If you want to refinance with Churchill Mortgage, you’ll need to connect with a loan officer to learn the lender’s current refi rates and fees. The closing costs for a refinance include credit report, appraisal and any escrow and title fees, as well as any discount points, but there is the option to finance these costs with your loan instead of paying for them upfront. The lender also offers a free “Homeownership Strategy Meeting” to help you weigh your refinance options.

Alternatives to Churchill Mortgage

Written by

Josephine Nesbit

Josephine Nesbit is a former contributor to Bankrate.

Edited by

Suzanne De Vita

Arrow Right

Mortgage editor