NationsChoice Mortgage Review 2021

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At a glance

NationsChoice Mortgage

4.3

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Bankrate Score

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Loans offered

Conventional, jumbo, FHA, VA, fixed-rate, adjustable-rate; rate-and-term, cash-out and streamline refinancing
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Nationwide availability

Available in Arizona and California
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Min. credit score required

620 for conventional loans; 700 for jumbo loans; 640 for FHA loans; 620 for VA loans

Pros and cons

Pros

  • Delivers fast, streamlined transactions with competitive pricing
  • 15-minute preapprovals and fast closings
  • Offers some no-cost loans

Cons

  • Only available in Arizona and California
  • Limited information available online; must call or apply to seek full loan details

NationsChoice Mortgage overview

NationsChoice Mortgage is a mortgage banker serving borrowers in Arizona and California. While it’s primarily known as an online lender, it does have two brick-and-mortar locations in the states it serves. Founded in 1994 by mortgage industry veteran Chad Fisher and headquartered in Gilbert, Arizona, the lender gained some recognition in 2009 when, following the recession of 2008, it became the first lender to successfully navigate the U.S. government’s “Hope for Homeowners” loan program. According to the NationsChoice Mortgage website, the lender generates more than $1 billion annually in residential mortgages. Among the benefits of working with this lender, it can provide an online preapproval within 15 minutes; closings on a refinance typically take between 20 and 25 days from the date you apply; and it offers a $1,000 rate guarantee.

Good for

Borrowers looking for a quick preapproval and competitive pricing on a variety of loan products

Loan types 

  • Conventional
  • Jumbo
  • FHA
  • VA
  • Fixed-rate
  • Adjustable-rate
  • Rate-and-term, cash-out and streamline refinancing

Lender fees

NationsChoice Mortgage offers some no-cost loans, but according to CEO Chad Fisher, because “each loan is tailored to the client,” you must begin working with a mortgage consultant to determine which loan product you might qualify for, along with any discounts, points and fee structures.

Rates 

NationsChoice Mortgage does not advertise mortgage rates on its website. To receive a rate quote, you’ll need to fill out an online form with information about the loan and property; you’ll also be asked for your name and contact information, despite the lender’s website stating “No personal info required.” Once submitted, you’ll be directed to a thank you page with instructions to wait for a loan officer’s call.

Reputation 

NationsChoice Mortgage is an A+-rated, accredited business with the Better Business Bureau.

Online services 

With NationsChoice Mortgage, you can get a loan preapproval quickly online (provided you qualify) and then apply for the mortgage anytime, 24/7. The application takes less than 20 minutes to complete, according to the lender. You can also lock your rate online (for 30, 45 or 60 days). If you have questions, the lender can be contacted through email, over the phone or online.

Minimum borrower requirements

NationsChoice Mortgage follows underwriting guidelines for federally-backed loans. That means borrowers can put as little as 3 percent down on a conventional loan and have a maximum debt-to-income ratio, or DTI, of 50 percent with certain loans. That means the sum of your monthly debts (including the new mortgage payment) cannot exceed 50 percent of your gross monthly income.

Refinancing with NationsChoice Mortgage 

NationsChoice Mortgage offers rate-and-term, cash-out and streamline refinancing, but you’ll need to fill out a form online to learn current refi rates. 

Not sure if NationsChoice Mortgage is right for you? Consider these alternatives

Breakdown of NationsChoice Mortgage overall review score 

  • Affordability: 14.75/15
  • Availability: 12/15
  • Borrower experience: 8/10

Review 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.

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NationsChoice Mortgage consumer reviews

4.8

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112 reviews

5 stars
4 stars
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1 stars
104
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Customer service rating

Knowledge
4.8
Level of service
4.8
Professionalism
4.8
Responsiveness
4.8

96% of reviews would recommend this lender

10 of 10 rates honored

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Write a review of your experience with NationsChoice Mortgage.

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The consumer reviews posted on Bankrate.com ("Bankrate") are individual, subjective opinions of reviewers, and not of Bankrate. Bankrate does not endorse any of the opinions expressed by reviewers or any responses to reviews.

To help serve you with relevant information the consumer reviews shown below are limited to only those that this advertiser has received during the past 12 months.

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Re-Finance Quick and Easy

EK | California | 11/7/2020

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Straightforward Refi

Dave Morris | CA | 11/17/2020

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Donn Daney and Team

Plezena Shack/Arta Needham | Emeryville, CA | 11/21/2020

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Awesome Experience!

Mike | Granada Hills | 11/24/2020

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I Believe Glenn O. Wrote the Book on Refi's!

Glenns Client | Butte County California | 12/3/2020

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Excellent

Viz | Coronado CA | 12/9/2020

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It was an excellent experience working with Glenn O'Toole and team from NCM. This team deserves more than 5 stars rating.

Great rate, no hidden fees, wonderful people, easy to communicate and responded back quickly. Loan | Sacramento, CA | 1/27/2021

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Lender rep went far above and beyond the call of duty

Melissa handled my extremely complex and non-standard situation wonderfully. | Southern California | 1/30/2021

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Happy return client

Aaron L | Los Angeles, CA | 2/9/2021

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Excellent professional service provided by Glenn O'Toole!!!

Excellent professional service!!! | Vallejo, Ca | 4/30/2021