Churchill Mortgage overview
Churchill Mortgage is a privately held lender that was founded in 1992 and is 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 is 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 no-cost Rate Secured program, lock in a low rate for up to 90 days, with the ability to relock an additional 90 days, to ensure the lowest possible rate.
Borrowers with unique credit circumstances or those looking for a convenient online application process
- Rate-and-term refinancing
- No-score loans
Churchill Mortgage’s lender fees vary by loan type; these fees are not disclosed on the lender’s website.
Churchill Mortgage does not publicly advertise rates; you must connect with a loan officer to learn what rate you might qualify for.
Churchill Mortgage is an A+ accredited lender with the Better Business Bureau. The lender also has 4.4 out of five stars on Trustpilot, which is considered excellent.
You can start the purchase loan or refinance process with Churchill Mortgage by selecting “Get Started” 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 offers additional online resources, such as free guides, mortgage calculators and access to the HomeScout app, which allows you to view listings and receive price change alerts on favorited properties.
Minimum borrower requirements
Churchill Mortgage adheres to the conforming loan requirements for mortgages approved by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, as well as those backed by the Federal Housing Administration (FHA), the U.S. Department of Veterans Affairs (VA) and the U.S. Department of Agriculture (USDA).
For conventional loans, key requirements include good credit (typically a FICO score of 620 or higher) and a minimum down payment of 3 percent. Churchill Mortgage requires a debt-to-income (DTI) ratio of no more than 50 percent.
For FHA, VA and USDA loans, requirements are set by the government. You can find them here:
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. According to the lender, the closing costs for a refinance include credit report, appraisal and any escrow and title fees, and 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 guide you through a refinance.
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Breakdown of Churchill Mortgage overall review score
- Affordability: 14.75/15
- Availability: 10/15
- Borrower experience: 14/15
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.