NationsChoice Mortgage Review 2021

Written by
Jennifer Bradley Franklin
Edited By

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At a glance

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4.0

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Loans offered

Conventional, VA, FHA and jumbo; refinancing options include cash-out refinancing, no-cash out refinancing and FHA streamline
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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; 580 for FHA loans; 620 for VA loans

Pros and cons

Pros

  • Offers preapprovals for prospective buyers
  • Offers some no-cost loans
  • Delivers fast, streamlined transactions with competitive pricing

Cons

  • Only makes loans in Arizona and California
  • Limited information available online; must call or apply to seek full details
  • While it does occasionally service HomeReady, Home Possible and USDA loans, it does not market them

NationsChoice Mortgage overview

NationsChoice Mortgage is a mortgage banker serving real estate agents, builders and individual homeowners 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, NationsChoice Mortgage 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 company generates more than $1 billion annually in residential mortgages.

Loan types

  • Conventional
  • VA
  • FHA
  • Jumbo
  • Cash-out refinancing
  • No-cash out refinancing
  • FHA streamline

Lender fees

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

Minimum borrower requirements

NationsChoice Mortgage follows federal underwriting guidelines for federally-backed loans. That means borrowers can put as little as 3 percent down on some loans.

Borrowers with NationsChoice Mortgage may also 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.

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NationsChoice Mortgage consumer reviews

4.8

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111 reviews

5 stars
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103
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Customer service rating

Knowledge
4.8
Level of service
4.8
Professionalism
4.8
Responsiveness
4.8

95% of reviews would recommend this lender

10 of 10 rates honored

Review this lender

Write a review of your experience with NationsChoice Mortgage.

10 of 23 reviews

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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Outstanding Services and Performance

Doa & Han | California | 9/29/2020

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Smooth Transaction

Sudipto | Vista, CA | 9/29/2020

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Hands down, the best service ever!

Jeff S | San Diego, CA | 10/20/2020

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Easy Refi!

Matt H | CA | 10/24/2020

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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

Written by
Jennifer Bradley Franklin
Contributing writer
Jennifer Bradley Franklin is a multi-platform journalist and author, often covering finance, real estate and more.
Edited by
Mortgage editor