Churchill Mortgage Review 2023

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.

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

• Better mortgage review – No commissions or fees charged
• LoanDepot mortgage review – Loan modification programs available for eligible borrowers
• Navy Federal Credit Union mortgage review – High-quality customer service

Methodology

Bankrate’s expert editorial team collects lender information through a variety of methods. We contact lenders directly, and we also turn to regulatory filings and to assessments by third parties. Our research takes into account three main factors – affordability, availability and borrower experience.

Bankrate’s reporters and editors have decades of experience covering the mortgage industry. They’re skilled at gathering information through interviews and by scouring regulatory filings. Bankrate evaluates more than 85 lenders for factors relating to affordability, availability and customer experience, assigning each a Bankrate Score out of five stars. Here’s how we assess each of the categories:

• Affordability. Loan cost is a deciding factor for many borrowers. We look at two metrics: 1) a lender’s lowest advertised annual percentage rate (APR) based on Bankrate’s sample scenario, which assumes a 740 or higher credit score and a 20 percent down payment, among other factors and 2) established-customer discounts or incentive pricing, when applicable.
• Availability. Another factor is how quickly your loan application will be approved, and how many loan programs the lender offers. So we evaluate approval and closing timelines and diversity of loan products.
• Customer experience. Finally, we delve into what it’s like to deal with the lender as a consumer. We look at the lender’s application process and availability of customer service support. We also consider the results of J.D. Power’s 2022 Mortgage Origination Satisfaction Survey.

Bankrate’s editorial team confirms the accuracy of data at the time of publication. Our team is dedicated to maintaining the timeliness of information – the mortgage industry is changing constantly, so we regularly revisit these reviews to update them.

Bankrate’s methodology page spells out our rating process in greater detail.