Churchill Mortgage: A Giant In The Industry

Churchill Mortgage is a privately held lender founded in 1992 and based in Brentwood, Tennessee. It is available to borrowers in 49 states and Washington, D.C., with physical branch locations in several states. Churchill Mortgage offers a range of mortgage products, including conventional, FHA, VA, USDA, and jumbo loans, as well as refinancing options. The company has an excellent rating on Trustpilot and is known for its competitive rates and unique offerings, such as the \no-score loan. With over 30 years in business, Churchill Mortgage has established itself as a mid-sized lender, providing loan options for borrowers with diverse financial backgrounds. The company has a standard work policy that includes a combination of vacation and sick PTO, with increases based on tenure.

Churchill Mortgage is a mid-sized lender

Churchill Mortgage's rates are generally competitive, although they don't publicly disclose their mortgage rates or lender fees on their website. Instead, borrowers must connect with a loan officer to obtain a custom quote. The company emphasizes the 15-year fixed mortgage, which aligns with financial expert Dave Ramsey's philosophy of promoting debt-free living. This shorter-term option can help borrowers save significantly on interest expenses compared to the more common 30-year fixed mortgage.

Churchill Mortgage also offers unique programs such as the "no-score loan," which caters to borrowers with low or no credit scores. This program considers alternative forms of credit, such as payment history on rent or utilities, rather than relying solely on a credit score. They also provide discount programs like the Rate Relief Program, which allows buyers to lock in the current rate and pay a discounted mortgage for the first two years.

In terms of customer service, Churchill Mortgage has an "excellent" rating on Trustpilot and provides support through phone, online, and in-person branch locations. They also offer a mobile app that facilitates the submission of documents and application tracking. Churchill Mortgage has been in the business for over 30 years, indicating stability and experience in the industry.

It offers a no-score loan

Churchill Mortgage is a US mortgage company founded in 1992 and headquartered in Brentwood, Tennessee. The company offers a range of home loan products, including conventional loans, FHA home loans, VA home loans, and no-score loans.

A no-score loan is a type of consumer loan that does not require a credit score. Instead of relying on an individual's credit history, no-score loans are typically issued based on employment records, income verification, and debt-to-income ratio. This type of loan provides an opportunity for borrowers who have not established good credit to access the funds they need. It is also beneficial to lenders, saving them time and money in the lending process.

Churchill Mortgage's no-score loan option caters to borrowers who may not have a credit score for various reasons. For instance, individuals who have never had credit cards or loans and pay for things only in cash, with a debit card, or by cheque likely won't have a credit score. Similarly, those who have had credit cards or loans in the past but haven't used credit in over two years may not have a valid credit score. Additionally, recent immigrants who haven't established a credit history in the US will not have a valid credit score. Despite not having a credit score, these individuals may still be qualified to buy a house and take out a mortgage loan.

Churchill Mortgage's no-score loan provides an alternative path to homeownership for individuals who might otherwise face challenges in securing traditional loans due to a lack of credit history. By considering factors beyond credit scores, such as payment history, insurance premiums, and other indicators, Churchill Mortgage offers a more inclusive approach to lending, helping borrowers without a credit score achieve their dream of owning a home.

It's based in Brentwood, Tennessee

Churchill Mortgage is based in Brentwood, Tennessee, and has been serving the Nashville, TN area since 1992. The company was founded by Mike Hardwick, who is also its president and CEO. Churchill Mortgage offers a range of mortgage services, including buying a first home and refinancing a current home loan. The company has a strong focus on personal interaction and quality service, aiming to help its customers achieve their short and long-term financial goals.

The Brentwood branch of Churchill Mortgage currently has over 30 home loan specialists licensed in 42 states. The branch is led by the Director of Sales Conversion, Stephanie Christian, who has been with the company since its inception. Under her leadership, the branch has continued to grow, with each home loan specialist closing an average of $1.8 million per month. The branch as a whole serves about 100 families a month with their mortgage needs.

The Brentwood branch also hosts regular events for local real estate partners, including happy hours, webinars, special guest speaker appearances, and luncheons. These events provide networking opportunities and a platform for thought leadership in the housing industry. The branch has been recognised as a "Top Workplace" for eight consecutive years by The Tennessean, reflecting its strong employee-focused culture.

Churchill Mortgage's office in Brentwood, Tennessee, is located at 1749 Mallory Lane, Suite 100, Brentwood, TN 37027. The company is regulated by the Division of Real Estate and is a licensed mortgage lender in multiple states across the United States.

It's been in business for over 30 years

Churchill Mortgage has been in business for over 30 years. The company was founded in 1992 and is headquartered in Brentwood, Tennessee. It is a privately held lender that offers a range of mortgage products, including conventional loans, FHA loans, jumbo loans, and refinancing options. They serve borrowers in most states across the country, excluding New York.

Churchill Mortgage has a strong reputation in the industry, with an "excellent" rating on Trustpilot. They are known for their competitive mortgage rates and a variety of loan options catering to diverse financial backgrounds. The company offers conventional, government-backed, and no-credit score mortgages. Their no-score loan program is particularly unique, catering to borrowers with non-traditional credit histories by considering payment history on rent or utilities instead of a credit score.

Over the years, Churchill Mortgage has gained recognition for its commitment to helping borrowers achieve financial freedom. They are proponents of financial expert Dave Ramsey's principles, emphasizing the benefits of a 15-year fixed mortgage to accelerate debt repayment. Churchill's loan officers provide guidance on various loan products, including the 30-year fixed option for those who may not qualify for the shorter term due to affordability constraints.

Churchill Mortgage also offers several discount programs to make homeownership more accessible. Their Rate Relief Program allows buyers to lock in today's rate and pay a discounted mortgage for the first two years. Additionally, their Rate Secured Program enables homebuyers to lock in their interest rate for up to 90 days while they shop for a home, providing the option to reset the rate for another 90 days if needed.

With its extensive experience, Churchill Mortgage has established itself as a trusted and reliable lender in the industry. Its longevity is a testament to its ability to adapt to changing market conditions and consistently meet the evolving needs of borrowers. Churchill Mortgage's continued success and growth over more than three decades underscore its strong position in the mortgage lending landscape.

It has an excellent Trustpilot rating

Churchill Mortgage, founded in 1992 and headquartered in Brentwood, Tennessee, offers a wide range of mortgage products, including conventional, government-backed, FHA, VA, USDA, and No Score Home Loans. The company also provides various loan options, such as bridge loans, physician mortgages, and loans for hobbyist farmers.

Churchill Mortgage has an excellent rating on Trustpilot, with a 4.8 out of 5 rating based on over 600 customer reviews. The company also boasts a 4.96 out of 5 rating on its Zillow lender profile from over 500 customers and an A+ rating from the Better Business Bureau. These ratings reflect high customer satisfaction with Churchill Mortgage's products and services.

The positive reviews highlight Churchill Mortgage's impressive range of mortgage options, responsiveness, and customer service. Customers have praised the company's willingness to explain the home-buying process, responsiveness, and communication. Additionally, Churchill Mortgage's Rate Relief and Rate Secured Programs offer flexibility in locking in interest rates, providing further financial security during the home-buying process.

While the company has received some criticism for higher rates and fees compared to competitors, its commitment to customer satisfaction and transparency is evident through its strong Trustpilot rating and other customer reviews. Churchill Mortgage's ability to work with customers who may not have traditional credit scores or are seeking manual underwriting sets them apart in the industry.

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