Churchill Mortgage Review 2023

Good for: borrowers who worry about taking on debt. Churchill advocates “debt-free homeownership” and helps customers try to achieve that goal.
By Phil Metzger 

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

Our Take

3.5

NerdWallet rating 

The bottom line:

Offers flexibility for those without credit scores, but its “debt-free” guidance may not appeal to everyone.

Churchill
Churchill: NMLS#1591
Min. credit score
620
Min. down payment
3%
Loan types and products
Purchase, Refinance, Fixed, Adjustable, FHA, VA, USDA

Pros & Cons

Pros

  • Offers loans for borrowers without credit scores.
  • Offers digital conveniences such as document uploads and e-signature.

Cons

  • Doesn't provide information online about rates and fees.
  • Doesn't offer home equity loans or HELOCs.
  • Lender fees are on the high side, according to the latest federal data.

Compare to Other Lenders

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Min. credit score

620

Min. credit score

620

Min. credit score

620

Min. credit score

620

Min. credit score

620

Min. down payment

3%

Min. down payment

3%

Min. down payment

3%

Min. down payment

3%

Min. down payment

3%

Loan types and products

Purchase, Refinance, Jumbo, Fixed, Adjustable, FHA, VA

Loan types and products

Purchase, Refinance, Home Equity, Reverse, Jumbo, Fixed, Adjustable, FHA, VA, USDA

Loan types and products

Purchase, Refinance, Fixed, Adjustable, FHA, VA, USDA

Loan types and products

Purchase, Refinance, Jumbo, Fixed, Adjustable, FHA, VA, Home Equity

Loan types and products

Purchase, Refinance, Jumbo, Fixed, Adjustable, FHA, VA

Get more smart money moves — straight to your inbox

Become a NerdWallet member, and we’ll send you tailored articles we think you’ll love.

Full Review

What borrowers say about Churchill Mortgage

NerdWallet’s lender star ratings assess objective qualities, including rates, fees and loan offerings. To assess borrowers’ subjective experiences with lenders, NerdWallet has gathered customer satisfaction ratings from Zillow.

  • Churchill Mortgage receives a customer rating of 4.96 out of 5 on Zillow, as of the date of publication. The score reflects more than 510 customer reviews.

Churchill Mortgage variety of loan types

  • 4 of 5 stars

Churchill Mortgage says it takes an unusual approach when it comes to mortgage debt: Its goal is to get you to quit paying a mortgage. To help clients own their homes free and clear faster, Churchill has what it calls a Smarter Mortgage Plan for every borrower, including cost-saving strategies. The lender also has a mortgage program that doesn't require a borrower to provide a credit score and offers several down-payment options.

Churchill Mortgage offers purchase, refinance and jumbo home loans, as well as FHA, VA and USDA government-backed loans. It doesn't originate home equity loans or lines of credit.

The lender has a program that helps borrowers secure an interest rate and compete with cash offers.

Churchill Mortgage ease of application

  • 5 of 5 stars

You can call the toll-free number on Churchill’s website or select the “Get Started” button and enter contact information to begin the loan process. You can fill out an application on the lender’s mobile app, too.

You can upload documents online, and the company uses e-signatures.

Churchill Mortgage rates and fees

  • 2.5 of 5 stars

  • Churchill Mortgage earns 2 of 5 stars for average origination fee.

  • Churchill Mortgage earns 3 of 5 stars for average mortgage interest rates.

Borrowers should consider the balance between lender fees and mortgage rates. While it's not always the case, paying upfront fees can lower your mortgage interest rate. Some lenders will charge higher upfront fees to lower their advertised interest rate and make it more attractive. Some lenders just charge higher upfront fees.

Churchill Mortgage rate transparency

  • 1 of 5 stars

Churchill Mortgage doesn't post interest rates on its website. To get a rate quote, you will need to submit an application for preapproval (Churchill calls this becoming a “Certified Home Buyer”).

Alternatives to Churchill Mortgage

Here are some comparable lenders we review that borrowers can consider.

Carrington offers a similar experience for borrowers with credit challenges, and NBKC offers a comparable online application process.

Getting ready to buy a home? We’ll find you a highly rated lender in just a few minutes.

Enter your ZIP code to get started on a personalized lender match.

 

More from NerdWallet

Methodology

NerdWallet’s overall ratings for mortgage lenders are evaluated based on four major categories: variety of loan types (purchase, refinance, fixed and adjustable, for example), ease of application, rates and fees and rate transparency. Among the factors we consider when scoring these categories are options to apply for and track loans online, the level of detail about mortgage rates on lender websites and our analysis of the rates and fees lenders reported in the latest available Home Mortgage Disclosure Act data. These scores generate ratings from 1 star (poor) to 5 stars (excellent).