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Churchill Mortgage is a solid option for borrowers with no credit score. It offers a huge range of mortgages, including loans for borrowers who don't have a traditional credit score. But this lender lacks rate transparency, and when we looked at publicly available data, we found its average rates to be slightly high.
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Conforming, FHA, VA, USDA, jumbo, No Score mortgage, manufactured home, physician, bridge, construction, renovation, land, RuraLiving
- No Score mortgage helps borrowers without a credit score get a mortgage
- Churchill Certified Home Buyer Program offers underwritten conditional approval
- Average fees are on the low end
- Can’t see rates without talking to a loan officer
- No Score mortgage takes longer to close
- Rates are slightly high compared to other lenders
- Available in all states except New York
- Minimum credit score and down payment displayed is for conforming mortgages
- To qualify for a No Score mortgage, you’ll need to provide four different accounts that show on-time payments over the last 12 months. This can include cell phone bills, utility payments, rent, insurance, school tuition, or child care
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Churchill Mortgage Basics
Churchill Lending Area
Churchill lends in all U.S. states except New York.
Loan Options With Churchill
Churchill Mortgage mortgages offers the following types of mortgages:
- Conforming loans
- FHA loans
- VA loans
- USDA loans
- Jumbo loans
- No Score mortgages, which accept non-traditional credit (like rent payment history) from borrowers who don't have a credit score. Available for conventional and government-backed mortgages
- Manufactured home loans
- Temporary buydowns
- Physician loans
- Bridge loans
- Construction loans
- Renovation loans
- Land loans
- RuraLiving mortgage program for financing hobby farms
You may also be able to get other types of loans, like HELOCs or reverse mortgages, through Churchill partner lenders when you apply with Churchill Mortgage.
You can get started with Churchill online or over the phone. You can also search on the lender's website to find a loan officer near you.
Churchill Mortgage Interest Rates and Fees
Based on our review of Home Mortgage Disclosure Act data, Churchill Mortgage's average mortgage rates are slightly high compared to other lenders.
Churchill Mortgage doesn't display any rates on its site. If you want to see what your rate might be with this lender, you'll need to apply for a mortgage or talk to a loan officer.
In 2022, the average borrower getting a conventional loan from Churchill paid $3,080 in origination charges, according to HMDA data. This is slightly below average.
Churchill Mortgage Overall Lender Rating
Loan Types: 5 out of 5
Churchill offers an impressive range of mortgages that will meet the vast majority of borrowers' needs. It has all of the most popular conventional and government-backed options, as well as less common types like bridge loans, physician mortgages, and a specialty product for hobbyist farmers.
Affordability: 4 out of 5
This lender has multiple affordable mortgage options, including FHA loans, plus mortgages for borrowers with no credit score. Its average fees are also relatively low. But its rates are on the high end.
Customer Satisfaction: 4.88 out of 5
The company ranks high in customer satisfaction, earning a rating of 4.96 out of 5 on its Zillow lender profile based on over 500 customer reviews and a 4.8 out of 5 rating on Trustpilot based on over 600 customer reviews.
Trustworthiness: 5 out of 5
Churchill Mortgage currently has an A+ rating from the Better Business Bureau. BBB grades are based on honesty in advertising, transparency about its business practices, and effectiveness in responding to customer complaints.
Churchill Mortgage Pros and Cons
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Get a No Credit Score Mortgage With Churchill (But Prepare for a Much Longer Process)
If you don't have a traditional credit score, you may still be able to qualify for a mortgage from Churchill.
Churchill Mortgage lets both conventional and government-backed mortgage borrowers apply with non-traditional credit if they don't have an established credit score. To get one of these mortgages, you'll need to show 12 months of on-time monthly payments for at least four eligible accounts, such as rent, utilities, cell phone, insurance, or child care.
The downside is that these mortgages can take much longer to close. Churchill says it can take an underwriter more than 60 days to approve one of these loans. Typically, the entire mortgage process from application to close takes between 30 and 45 days.
Certified Home Buyer Underwritten Preapproval
Churchill offers a program called Certified Home Buyer that works like an underwritten preapproval, meaning a mortgage underwriter reviews your finances and ensures that you qualify for the amount you're being approved for. This can help boost your odds of getting an offer accepted by a home seller, since your financing is less likely to fall through.
Churchill Lacks Rate Transparency
You can't explore this lender's current rates without applying for preapproval or talking to a loan officer. This makes it difficult to get an idea of what you might pay with Churchill if you're still researching potential lenders and aren't ready to provide companies with your contact information.
What Borrowers Are Saying About Churchill Mortgage
Business Insider looked at positive and negative customer reviews, online forums, BBB complaints, and other sources to understand what borrowers think about Churchill's mortgage experience.
Borrowers Seem Pleased With Churchill's Customer Service
In reviews and comments online, previous borrowers noted that Churchill's loan officers were helpful and communicative. We didn't see any complaints or negative reviews that suggested a larger issue with the lender.
How Churchill Mortgage Compares
Churchill Mortgage vs. Carrington Mortgage Services
Both of these lenders have strong mortgage options for borrowers who might otherwise struggle to qualify for a mortgage. Carrington Mortgage Services accepts scores as low as 500 on some of its mortgages and has options for borrowers with recent events like foreclosure or bankruptcy on their credit reports.
Churchill Mortgage is a good option for borrowers who have avoided taking on debt or paid off all their debt and as a result have no credit score. For borrowers who do have credit scores but rocky credit histories, Carrington would likely be the better choice. Carrington is Business Insider's top pick in our guide to the best low credit score mortgage lenders.
Carrington Mortgage Services Review
Churchill Mortgage vs. Guild Mortgage
Guild Mortgage also has a program for borrowers who don't have a traditional credit score. With Guild's Complete Rate program, you could qualify for an FHA, VA, or USDA with non-traditional credit. You may also be able to get down payment assistance through this lender.
But Churchill Mortgage's average fees are lower compared to Guild.
Churchill Mortgage FAQs
Dave Ramsey doesn't own Churchill Mortgage, but it is the only mortgage lender he recommends. Ramsey preaches financial freedom through a debt-free lifestyle. If you don't have a credit score because don't have any debt, you can get a No Score mortgage with Churchill.
Churchill Mortgage does currently offer VA loans. If you're eligible for this type of mortgage, you can get one from Churchill Mortgage with 0% down.
Churchill Mortgage's rates are slightly higher than average, according to our review of HMDA data.
Churchill Mortgage ranks high in customer satisfaction and offers strong customer service.
Churchill is a relatively large lender, and you might want to explore some smaller alternatives as you research potential lenders. Consider getting preapproved with a local bank or credit union to see how their rates compare.
Why You Should Trust Us: How We Reviewed Churchill Mortgage
To review Churchill Mortgage, we used our methodology for reviewing mortgage lenders.
We look at four factors — loan types, affordability, customer satisfaction, and trustworthiness — and give each a rating between 1 and 5, then average these individual ratings for the overall lender rating. Lenders get higher ratings if they offer a high number of loan types with affordable features, have positive customer reviews, and don't have any recent public controversies.
Editorial Note: Any opinions, analyses, reviews, or recommendations expressed in this article are the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any card issuer. Read our editorial standards.
Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available.
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