We constantly find that there is a great deal of misunderstanding related to the idea that every lender has a set of guidelines which have basically been cast in stone.  An example of this is “...They say you can't get a mortgage if you don’t have a credit score.”

There are many different types of generic guidelines which form the basis for mortgage approvals.  In effect, these are “rules” which lenders use as their baseline for evaluating loans.  The most popularly known guidelines are - FHA, VA, FNMA (commonly referred to as "Fannie Mae"), and FHLMC (commonly referred to as Freddie Mac").  These guidelines and procedures change frequently and many lenders will deviate from these guidelines in order to obtain a special competitive advantage.  As a consumer, it is critical that you choose a lender who has a good understanding of the basic guidelines.  In addition, you should seek a company with access to multiple lenders who have the ability to deviate from standard financing guidelines.  You can make a big mistake by going to a lender who only offers one method of financing your home, such as a local bank with only one set of guidelines.

At Churchill Mortgage, we assess hundreds of loan programs from the top banks and mortgage servicers from across the country.  This allows us to evaluate multiple lending sources to find the loan that best fits your needs.  Contact one of our Home Loan Specialist at 1-888-562-6200 if you are interested in purchasing or refinancing your mortgage.  You can also visit our website www.churchillmortgage.com to Request A Call Back and we will contact you at a time that is convenient for you.