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Churchill Mortgage Review 2022

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, commissioned or otherwise endorsed by any of our network partners.

Churchill Mortgage Corp. is an employee-owned lender founded in 1992 and based in Brentwood, Tenn. The company operates in 47 states, and runs a foundation that gives money to nonprofits across the country. Churchill Mortgage has a partnership with Dave Ramsey, the renowned author, radio host and personal finance expert who helps people get out of debt.

Who is this lender for?
  • First-time homebuyers
  • Those moving to a new city
  • Refinancers
  • People upsizing or downsizing their home
  • Service members or veterans seeking a VA loan

8/10 LendingTree’s mortgage lender rating

LendingTree’s mortgage lender rating is based on a 10-point scoring system that factors in several features, including digital application and closing processes, available loan products and online and in-person accessibility. LendingTree’s editorial team calculates each rating.
  = 1 pt   = 0 pts

  1.   Application online
  2.   Product info online
  3.   Rates listed online
  4.   Helpful articles about mortgages/homebuying
  5.   Standard product offerings (Conventional/FHA/VA/USDA)
  6.   Special programs
  7.   Info about how to qualify for products offered online
  8.   E-closing availability
  9.   Licensed in at least 35 states
  10.   After-hours and weekend access to loan officers

Churchill Mortgage pros and cons


  Nontraditional credit accepted. Churchill Mortgage offers loans to people with nontraditional credit and no credit scores. You will still have to show you are creditworthy, but you can qualify without a credit score.

  Ability to lower mortgage rate during application. Churchill Mortgage doesn’t call their offering a “rate lock,” but rather a rate cap. Your rate won’t go up, but you can lower it, or “float it down” if market conditions change while you’re applying for your mortgage.

  Certified homebuyer program. With this program, you can have your future loan preapproved and underwritten before finding a house, so there should be no surprises when you put in your offer.


  No rates posted online. There is no way to get an idea of what interest rate you might qualify for without going through the application process.

  Branches not available in all states. Depending on where you live, you might not be able to visit with a loan officer in person. Some states don’t have branch offices, and other states have just one, which might not be convenient for you.

  No home equity products available. Churchill Mortgage doesn’t offer home equity loans or home equity lines of credit.

Churchill Mortgage borrowing requirements

Minimum credit score620
Minimum credit score 
  • 620
Minimum down payment 
  • 0% VA and USDA
  • 3% Conventional
  • 3.5% FHA
Available loan terms 
  • 10 to 30 years
Available loan types 
  • Conventional
  • FHA
  • VA
  • USDA
  • Jumbo,
  • “No score”

Churchill Mortgage mortgage rates and fees

Churchill Mortgage doesn’t publish current rates online. The company says that’s because rates online can be “misleading and confusing,” since any rate you see will be an estimate that can vary based on your circumstances.

The lender also doesn’t disclose its fees online. Churchill Mortgage does tell customers that closing costs can range from 2% to 5% of the amount of the loan — or between $5,000 and $12,500 on a $250,000 mortgage. You’ll get a breakdown of the specific fees you’ll pay when you receive a loan estimate from Churchill Mortgage after submitting an application.

Churchill Mortgage mortgage products


  • Conventional loans, which follow Fannie Mae and Freddie Mac guidelines. These include the HomeReady® and Home Possible® programs, which allow for a 3% down payment.
  • FHA loans, which requires a 580 credit score at Churchill Mortgage.
  • VA loans, which are reserved for military service members, veterans and eligible spouses. There’s no down payment or mortgage insurance requirement. While the VA doesn’t have a minimum credit score requirement, many lenders require a score of 620 or higher.
  • USDA loans, which cater to homebuyers in rural areas.
  • Nontraditional loans, including jumbo, no-credit-score and adjustable-rate loans.


Churchill offers traditional refinances for borrowers who may be interested in:

  • Lowering their interest rate
  • Reducing their loan term
  • Removing private mortgage insurance
  • Switching their loan type

Cash-out refinances are also another available financing option.

Home equity

Churchill Mortgage doesn’t offer any home equity loans or lines of credit.

Special programs

Churchill’s “no score” loan is designed for buyers without a traditional credit history and who may not qualify for a standard mortgage. Applicants provide proof of a positive payment history for at least four alternative credit accounts.

Examples include:

  • Cell phone bills
  • Child care payments
  • Insurance bills
  • Rent payments

An underwriter reviews their documentation, assesses any risks and potentially approves them for a home loan. Churchill’s website says that applying for a 15-year mortgage under this program with a 20% down payment may boost your chances of approval.

How does Churchill Mortgage compare to other lenders?

Churchill MortgageLower MortgageBNC National Bank
Minimum credit score 
  • 620
  • 580 (FHA and VA)
  • 620 (Conventional)
  • Not disclosed
Minimum down payment 
  • 0% VA and USDA
  • 3% Conventional
  • 3.5% FHA
  • 0% FHA and VA
  • 3% Conventional
  • 3.5% FHA
  • 0% VA and USDA
  • 3% Conventional
  • 3.5% FHA
Loan products and types Conventional, FHA, VA, USDA, jumboConventional, FHA, VA, USDA, jumboConventional, FHA, VA, USDA, jumbo
Special programs offered “No score” loans for people with nontraditional credit historiesRefinance free for life, 5/5 ARMs, HELOCsInterest-only, graduated payment
Lender ReviewLower MortgageBNC National Bank


Today's Mortgage Rates

  • 5.95%
  • 5.76%
  • 3.31%
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