Champions Funding Review

Founded 2021 · Gilbert, AZ · Nationwide

3.5

Editor Rating

Champions Funding is a 100% non-QM lender and a Treasury-designated Community Development Financial Institution (CDFI), a status that supports more flexible, exception-based underwriting for underserved borrowers. It is a wholesale lender — consumers apply through a mortgage broker.

Editor's Take

A newer but interesting non-QM lender whose CDFI status can mean more underwriting flexibility for underserved and ITIN borrowers. Broker-channel only, so it is one for your broker to quote.

— Bill Rice, 30+ year mortgage lending veteran

Pros & Cons

Pros

  • 100% non-QM focus with a full self-employed menu
  • CDFI designation supports flexible, exception-based underwriting
  • ITIN, ITIN-DSCR, and foreign-national programs
  • No-ratio and super-jumbo options up to roughly $5M

Cons

  • Wholesale-only — apply through a broker, not directly
  • Newer lender (founded 2021) with a shorter track record
  • Experience and cost depend on your broker

Loan Products Offered

Bank Statement LoansSelf-Employed MortgagesNon-QM LoansAsset Depletion Loans1099 Income LoansProfit and Loss (P&L) Only LoansNo Tax Return MortgagesITIN Mortgages

Eligible Property Types

primary-residencesecond-homeinvestment

Best For

CDFI lenderVia broker onlyITIN borrowersUnderserved borrowers

Compare Champions Funding

Champions Funding vs LoanStream Mortgage

Champions Funding Review: Frequently Asked Questions

Is Champions Funding a legitimate lender?

Champions Funding is an established lender founded in 2021 and headquartered in Gilbert, AZ. It lends nationwide and specializes in bank statement loans, self employed mortgages, non qm loans, asset depletion loans, 1099 income loans, profit and loss loans, no tax return mortgages and itin mortgages. To verify it for yourself, confirm Champions Funding's current NMLS registration and state licensing, check its Better Business Bureau (BBB) profile and reviews, and compare written quotes before you apply.

What are the pros and cons of Champions Funding?

Pros: 100% non-QM focus with a full self-employed menu; CDFI designation supports flexible, exception-based underwriting; ITIN, ITIN-DSCR, and foreign-national programs. Cons: Wholesale-only — apply through a broker, not directly; Newer lender (founded 2021) with a shorter track record; Experience and cost depend on your broker.

Does Champions Funding offer bank statement loans?

Yes. Champions Funding offers bank statement loan programs that qualify self-employed borrowers using 12–24 months of bank deposits instead of tax returns or W-2s — useful for business owners and 1099 earners with non-traditional income.

What credit score do you need for Champions Funding?

Champions Funding's published minimum credit score is 600. A higher score generally unlocks better rates and higher leverage. Requirements vary by loan program and are subject to change.

What rates and fees does Champions Funding charge?

Champions Funding's rates run approximately 7.25%–10% with origination fees of Set by your broker, on loans from $100K to $5M (up to 90% LTV). All figures are approximate and subject to change — request a written quote for your scenario.

How fast can Champions Funding close a loan?

Champions Funding typically closes in 25–45 days, depending on the loan program, the property, and how quickly you provide documentation.

Disclaimer: Rates, terms, and requirements shown are approximate and based on publicly available information as of March 2026. Actual terms may vary based on your credit profile, property details, and market conditions. Always verify current terms directly with the lender before making financing decisions. Self-Employed Lending Hub provides editorial reviews for educational purposes and does not guarantee loan approval or specific terms.