Movement Mortgage Review 2021

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At a glance

Movement Mortgage

4.4

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Bankrate Score

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Loans offered

Conventional, jumbo, FHA, VA, USDA, fixed-rate, adjustable-rate; rate-and-term and cash-out refinancing; home equity line of credit (HELOC); condo and co-op loans; construction and renovation loans; reverse mortgage
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Nationwide availability

Available in all U.S. states
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Min. credit score required

620 for conventional loans; 580 for FHA loans; 580 for VA loans

Pros and cons

Pros

  • Free customized rate quotes
  • Aims for what it dubs a “6-7-1” process: upfront underwriting within six hours of submitting application, loan processing within seven business days and closing in one day
  • Most documents can be e-signed early, saving time at closing

Cons

  • Land and lot loans and home equity lines of credit (HELOCs) are brokered out

Movement Mortgage overview

Founded in 2008, Movement Mortgage is an online and brick-and-mortar lender that provides a variety of mortgage options, including conventional, jumbo and government-insured loans and reverse mortgages. The lender also offers rate-and-term and cash-out refinancing and construction and renovation loans. It has hundreds of branch locations spread across the majority of states.

Good for

Borrowers looking for a fast preapproval, service and closings, and convenience

Loan types

  • Conventional
  • Jumbo
  • FHA
  • VA
  • USDA
  • Fixed-rate
  • Adjustable-rate
  • Rate-and-term and cash-out refinancing
  • Home equity line of credit (HELOC)
  • Condo and co-op loans
  • Construction and renovation loans
  • Reverse mortgage

Lender fees 

Movement Mortgage lender fees, including an origination fee, vary by loan type.

Rates 

Movement Mortgage’s mortgage rates are not available through its website. Borrowers must fill out an online rate quote form and then wait for contact from the lender.

Reputation

Movement Mortgage is accredited by the Better Business Bureau and has an A+ rating from the organization.

Online services

With Movement Mortgage, qualified borrowers 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 borrowers with their decision-making.

Minimum borrower requirements 

Movement Mortgage adheres to the conforming loan requirements for mortgages approved by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, as well as those backed by the Federal Housing Administration (FHA), the Department of Veterans Affairs (VA) and the U.S. Department of Agriculture (USDA). For conventional loans, key requirements include good credit (typically a FICO score of 620 or higher). A down payment of 3.5 percent is typically required for an FHA loan; there is no down payment requirement for VA or USDA loans.

Refinancing with Movement Mortgage 

Movement Mortgage offers refinancing options for those looking to secure a better rate or tap home equity. Borrowers will have to fill out the free rate quote form online to learn what rate they might qualify for. Refinancing comes with closing costs that typically include an appraisal fee and other expenses. According to the lender’s website, the appraisal fee can go up to $1,500.

Not sure if Movement Mortgage is right for you? Consider these alternatives

Breakdown of Movement Mortgage overall review score 

  • Affordability: 14.75/15
  • Availability: 13/15
  • Borrower experience: 8/10

Review methodology 

To determine a mortgage lender’s Bankrate Score, Bankrate’s editorial team rates 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. Here is our full methodology.

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Movement Mortgage consumer reviews

3.0

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2 reviews

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Customer service rating

Knowledge
4.0
Level of service
3.0
Professionalism
4.0
Responsiveness
3.0

50% of reviews would recommend this lender

1 of 2 rates honored

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2 of 2 reviews

The consumer reviews posted on Bankrate.com ("Bankrate") are individual, subjective opinions of reviewers, and not of Bankrate. Bankrate does not endorse any of the opinions expressed by reviewers or any responses to reviews.

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.

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Great rates & service

Caldy | Hendersonville, NC | 11/10/2020

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Can’t read a tax return

Wasted my time. | Los Angeles | 8/5/2021

Written by
Dhara Singh
Mortgage reporter
Dhara Singh is a mortgage reporter for Bankrate. She is a former data analyst turned financial journalist who previously worked at Yahoo Finance, CNET, Cashay.com and JPMorgan Chase covering the housing and retirement beats.
Edited by
Mortgage editor