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A large national lender that focuses on convenience and speed, Movement Mortgage combines brick-and-mortar locations with online offerings, with fast timelines for approving and processing applications.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Star ranking and total number reflects the lifetime customer reviews received while this lender has been an advertiser on Bankrate.
To help serve you with relevant information, the customer reviews shown are limited to only those that this advertiser has received during the past 12 months.
Loans offered
Conventional, jumbo, FHA, VA, USDA; HELOC; condo and co-op loans; reverse mortgage
Min. credit score required
620 for conventional loans, 580 for FHA loans, 580 for VA loans
Nationwide availability
Available in all U.S. states
Min. down payment
3% for conventional loans; 3.5% for FHA loans; none for VA loans and USDA loans
NMLS: 39179
4.1
Bankrate Score
Loans offered
Conventional, jumbo, FHA, VA, USDA; HELOC; condo and co-op loans; reverse mortgage
Nationwide Availability
Available in all U.S. states
Min. credit score required
620 for conventional loans, 580 for FHA loans, 580 for VA loans
Free customized rate quotes
“6-7-1” process: underwriting in 6 hours, loan processing in 7 business days, closing in 1 day
Most documents can be e-signed in advance, saving time at closing
Land and lot loans and home equity lines of credit (HELOCs) handled by third parties
Mortgage rates not available online
A large national lender that focuses on convenience and speed, Movement Mortgage combines brick-and-mortar locations with online offerings, with fast timelines for approving and processing applications.
To determine Movement Mortgage’s Bankrate Score, Bankrate’s editorial team rated it and other lenders on a scale of one to five stars based on a variety of factors relating to the lender’s products and services. (Bankrate’s partners compensate us, but our opinions are our own, and partner relationships do not influence our reviews.) We derived its overall score by considering three basic factors:
Affordability: Movement Mortgage’s fees vary by loan. You’ll need to fill out an online form to learn what rates you qualify for and any fees associated with those offers.
Availability: This lender works with borrowers in all states, offering products beyond the basics, including condo loans and construction loans.
Borrower experience: You can initiate a request for a rate quote and apply for a mortgage via the Movement Mortgage website. The lender promises super-fast response times.
The lender’s mortgage rates aren’t available through its website. Borrowers must fill out an online rate quote form and then wait for contact from the lender to see what rate they qualify for.
Movement Mortgage provides conventional loans as well as FHA, VA and USDA loans, along with options to refinance your existing mortgage. It’s also equipped to work with borrowers looking for condo loans, construction loans and home equity lines of credit. The lender operates in all states and has an extensive branch network.
Movement Mortgage was established in 2008 and is accredited by the Better Business Bureau, with an A+ rating from the organization. Aside from the business end of things, the lender is also known for its charitable endeavors through the Movement Foundation.
If you qualify for a Movement loan, you can get complete underwriting in as little as six hours after applying online, and the lender’s Movement Mobile app allows you to manage your loan, send files and more, all in one place. The lender also has e-signature capabilities and offers many calculators through its website to assist you with your decision-making. While it offers a variety of loans, some products are “brokered out”: that is, originated in Movement’s name but contracted out to third-party lenders.
You can apply for a purchase loan or refinance in person at one of Movement’s branches or on the lender’s website.
Here are some tips to prepare for the process:
Check your credit report. It’s important to check your credit report before your lender does, in case there are errors that could impact not only whether you get preapproved but also your ability to get the best mortgage rate. Knowing your credit score also helps you decide what type of loan to apply for. If your score is in the very low 600s, for instance, an FHA mortgage might be best for you, as its standards are more lenient than those for conventional loans.
Gather personal and financial documents. With any lender, you must supply documentation about your income, assets and debts. This includes pay stubs and W-2s and account and loan statements.
Provide details about the property. You’ll need to provide the address of the home and submit to an appraisal. (If you’re refinancing, you might or might not need an appraisal.)
Movement Mortgage can help you with a rate-and-term refinance, in which you get a new loan with a different rate, term or both; a cash-out refinance, in which you pull equity out of your home; or a streamline refinance if you have an FHA, VA or USDA loan.
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Rating: 4.1 stars out of 5
4.1
Bankrate Score
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Loans offered Conventional, jumbo, FHA, VA, USDA; HELOC; condo and co-op loans; reverse mortgage |
Loans offered Conventional, jumbo, FHA, VA, fixed-rate, adjustable-rate; rate-and-term and cash-out refinancing; construction and renovation loans |
Loans offered Conventional, jumbo, FHA, VA, fixed-rate, adjustable-rate; rate-and-term, cash-out and streamline refinancing; home equity loan; investment property; flex-term |
Min. credit score required 620 for conventional loans, 580 for FHA loans, 580 for VA loans |
Min. credit score required 620 for conventional loans, 700 for jumbo loans, 580 for FHA loans, 620 for VA loans |
Min. credit score required 620 for conventional loans, 680 for jumbo loans, 580 for FHA loans, 580 for VA loans |
Down payment 3% for conventional loans; 3.5% for FHA loans; none for VA loans and USDA loans |
Down payment 3.5% for FHA loans |
Down payment 3% for conventional loans; 10%-15% for jumbo loans; 3.5% for FHA; none for VA loans |
Nationwide availability Available in all U.S. states |
Nationwide availability Available in all U.S. states |
Nationwide availability All U.S. states |
NMLS: 39179
3.0
6 ratings
This lender has 2 reviews.
50% of customers would recommend this lender.
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To help serve you with relevant information, the consumer reviews shown below are limited to only those that this advertiser has received during the past 12 months.
Rates and terms of loan honored?
Closed mortgage with this lender?
Closed on time?
Would you recommend this lender?
Rates and terms of loan honored?
Closed mortgage with this lender?
Closed on time?
Would you recommend this lender?