Movement Mortgage Mortgage Review 2020

By Erik J. Martin

About our reviews

Bankrate’s editorial team researches, reviews and rates lenders to help you find one that fits your needs. Our experts consider a range of factors, including rates, loan types, time to close, fees and more. Reviews are updated regularly. Bankrate is an independent, advertising-supported comparison service. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy.

House icon

No logo available

Bankrate Score

  • Star icon
  • Star icon
  • Star icon
  • Star icon
  • Star icon
  • Star icon
  • Star icon
  • Star icon
  • Star icon
  • Star icon

3.9

User reviews
  • Star icon
  • Star icon
  • Star icon
  • Star icon
  • Star icon
  • Star icon
  • Star icon
  • Star icon
  • Star icon
  • Star icon
( 0 )

0.0

Please note: In response to the coronavirus pandemic, lenders are changing their requirements continuously. Although we strive for accuracy at the time of publication, please be sure to check with the lender for updated details on down payments, credit scores, etc.

Founded in 2008, Movement Mortgage is an online and brick-and-mortar lender that provides a variety of mortgage options and loans for homebuyers, including:
  • Conventional fixed-rate and adjustable-rate mortgages (ARMs)
  • FHA, VA and USDA fixed-rate loans
  • Dream to Own home loan with no mortgage insurance required, and down payment and closing costs assistance included
  • Jumbo fixed-rate loans
  • Conventional co-op and condo loans
They also offer rate-and-term refinancing, cash-out refinancing, land/lot loans and renovation loans.

Nationwide availability

Available in all U.S. states except Montana

Minimum credit score

580 for conventional mortgages; 580 for FHA loans; 580 for VA loans; 580 for jumbo mortgages

Loan types

Conventional fixed-rate and adjustable-rate mortgages (ARMs), FHA, VA and USDA fixed-rate loans, Dream to Own home loan with no mortgage insurance required and down payment and closing costs assistance included, jumbo fixed-rate loans, conventional co-op and condo loans, land/lot loans and renovation loans; refinancing options include rate-and-term refinancing and cash-out refinancing

Pros

  • Apply for a loan online or by phone
  • Free customized rate quote
  • 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
  • Offers Dream to Own home loan: no mortgage insurance required, and down payment and closing costs assistance included
  • Most documents can be e-signed early, saving time at closing

Cons

  • Land/lot loans and home equity lines of credit (HELOCs) are brokered out
  • Loans aren’t available in Montana

Find your mortgage match

Get paired with your best mortgage offers in 2 minutes or less.

Movement Mortgage overview

Loan types

  • Conventional fixed-rate and adjustable-rate mortgages (ARMs)
  • FHA, VA and USDA fixed-rate loans
  • Dream to Own home loan
  • Jumbo fixed-rate loans
  • Conventional co-op and condo loans

Lender fees

Movement Mortgage loan fees, including origination fees, vary by loan type.

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 580 or higher). Depending on the loan, a minimum down payment of 3.5 percent is typically required (zero down for VA or USDA loans).

Get started with Movement Mortgage

Borrowers can apply in person in more than 650 locations in every state except Montana, online or by phone.

Hours

Call center: Monday - Friday, 8 a.m. - 5 p.m. EST Branch locations: Hours vary Contact: 888-589-4416

Movement Mortgage consumer rating and reviews

0 reviews
  • Star icon
  • Star icon
  • Star icon
  • Star icon
  • Star icon
  • Star icon
  • Star icon
  • Star icon
  • Star icon
  • Star icon

  • Star icon
  • Star icon
  • Star icon
  • Star icon
  • Star icon
(0 reviews)
5 Star
4 Star
3 Star
2 Star
1 Star
0
0
0
0
0

No reviews

Be the first to review