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Churchill Mortgage Review 2024

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At a glance

Churchill Mortgage

Editor's take

Churchill Mortgage is a mid-sized lender with a bevy of loan options for borrowers with varied financial backgrounds, including those with low or no credit scores. Notably, the lender allows you to sign up for interest rate alerts, and with its “Rate Relief” and “Rate Secured” programs, you’ll get discounts on your mortgage payments for two years and the ability to lock your rate for up to 90 days, respectively. There’s also the option to become a “Churchill Certified Home Buyer,” a no-address-needed, fully underwritten preapproval that can help you close one to two weeks earlier. The lender has an easier-to-navigate website compared to some other lenders’, too, though you won’t find current rates unless you contact a loan officer.

Bankrate Score
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3.8
Rating: 3.8 stars out of 5
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Bankrate Score

Mortgage Percent

Loans offered

Conventional, jumbo, FHA, VA, USDA, refinancing and more

Credit Good

Min. credit score required

620 for conventional loans, 580 for FHA loans

Location

Nationwide availability

All U.S. states except Hawaii and New York

Dollar Coin

Min. down payment

3% for conventional loans, 3.5% for FHA loans, none for VA loans, none for USDA loans

At a glance

Churchill Mortgage

3.8

Rating: 3.8 stars out of 5
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Bankrate Score

Mortgage Percent

Loans offered

Conventional, jumbo, FHA, VA, USDA, refinancing and more

Location

Nationwide Availability

All U.S. states except Hawaii and New York

Credit Good

Min. credit score required

620 for conventional loans, 580 for FHA loans

Churchill Mortgage overview

Churchill Mortgage is a privately held lender founded in 1992 and based in Brentwood, Tennessee. The nation’s 144th-largest mortgage originator in 2022, per federal data, it 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.

Pros and cons of Churchill Mortgage

Pros
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    Offers no-score loans that consider your payment history (such as rent or utilities) instead of credit

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    Mobile app allows you to submit docs and complete an application

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    Rate Watch tool alerts you when ideal rate becomes available

Cons
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    Limited information about interest rates and costs on its website

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    No home equity lines of credit (HELOCs) or home equity loans

Our Editor’s Take on Churchill Mortgage

Churchill Mortgage is a mid-sized lender with a bevy of loan options for borrowers with varied financial backgrounds, including those with low or no credit scores. Notably, the lender allows you to sign up for interest rate alerts, and with its “Rate Relief” and “Rate Secured” programs, you’ll get discounts on your mortgage payments for two years and the ability to lock your rate for up to 90 days, respectively. There’s also the option to become a “Churchill Certified Home Buyer,” a no-address-needed, fully underwritten preapproval that can help you close one to two weeks earlier. The lender has an easier-to-navigate website compared to some other lenders’, too, though you won’t find current rates unless you contact a loan officer.

How Bankrate scored Churchill Mortgage

  • Affordability: You’ll need to touch base with a Churchill 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 (with the exception of New York). It boasts 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: 6.8/10

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: 10/10

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 credit-challenged borrowers.

Borrower experience: 6/10

In business for 30 years, Churchill Mortgage is an A+-accredited company with the Better Business Bureau. The lender also has 4.8 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, either with a prequalification (provided within 24 hours) or preapproval (provided in as little as a few hours or up to a few days). 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 and track its status. The lender can close within 14 days. The lender offers additional online resources, as well, such as free guides and mortgage calculators.

How to apply for a mortgage with Churchill Mortgage

You can apply for a mortgage with Churchill Mortgage in person at a branch location, online or by phone at 888-562-6200. Here are some tips to prepare for the process:

  1. Check your credit report. It’s important to check your credit report before your lender does, in case there are errors that could impact not only whether you get preapproved but also your ability to get the best mortgage rate. Knowing your credit score also helps you decide what type of loan to apply for. If your score is in the very low 600s, for instance, an FHA mortgage might be best for you, as its standards are more lenient than those for conventional loans.
  2. Gather personal and financial documents. With any lender, you must supply documentation about your income, assets and debts. This includes pay stubs and W-2s and account and loan statements.
  3. Provide details about the property. You’ll need to provide the address of the home and submit to an appraisal. (If you’re refinancing, you might or might not need an appraisal.)

Refinancing with Churchill Mortgage

Churchill Mortgage offers both rate-and-term and cash-out refinancing options.

Compare Churchill Mortgage to other lenders

Churchill Mortgage

Rating: 3.8 stars out of 5
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3.8

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Bethpage Federal Credit Union
Rating: 4.9 stars out of 5
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4.9

Bankrate Score
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Read full review
First Mortgage Direct
Rating: 4.8 stars out of 5
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4.8

Bankrate Score
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Read full review

Loans offered

Conventional, jumbo, FHA, VA, USDA, refinancing and more

Loans offered

Conventional, jumbo, FHA, refinancing and more

Loans offered

Conventional, jumbo, FHA, VA, USDA, refinancing and more

Min. credit score required

620 for conventional loans, 580 for FHA loans

Min. credit score required

620 for conventional loans, 500 for FHA loans

Min. credit score required

620 for conventional loans, 580 for FHA loans, 580 for VA loans

Down payment

3% for conventional loans, 3.5% for FHA loans, none for VA loans, none for USDA loans

Down payment

3% for conventional loans, 3.5% for FHA loans

Down payment

3% for conventional loans, 3.5% for FHA loans, none for VA loans and USDA loans

Nationwide availability

All U.S. states except Hawaii and New York

Nationwide availability

Available in all U.S. states except Texas

Nationwide availability

All U.S. states