Movement Mortgage Review 2022
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At a glance

4.1
Bankrate Score
Loans offered
Conventional, jumbo, FHA, VA, USDA, fixed-rate, adjustable-rate; rate-and-term, cash-out and streamline refinancing; home equity line of credit (HELOC); condo and co-op loans; construction and renovation loans; reverse mortgageNationwide availability
Available in all U.S. statesMin. credit score required
620 for conventional loans; 580 for FHA loans; 580 for VA loansPros 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 to see what rate they qualify for.
Reputation
Movement Mortgage ranked above-average in customer satisfaction for mortgage origination, according to J.D. Power’s 2021 report.
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 cost up to $1,500.
Not sure if Movement Mortgage is right for you? Consider these alternatives
- Costco Mortgage Program review: For Costco members looking to compare quotes from different mortgage lender partners
- PennyMac mortgage review: Works with certain employers to offer discounts
- Caliber Home Loans review: Can close loans in as little as 10 days
- Guild Mortgage review: Like other online lenders, offers a seamless online application
- CrossCountry Mortgage review: Also features an extensive range of loan options, including renovation loans
Breakdown of Movement Mortgage overall review score
- Affordability: 3/5
- Availability: 5/5
- Borrower experience: 4.3/5
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.
Movement Mortgage consumer reviews
2.0
4 reviews
Customer service rating
25% of reviews would recommend this lender
0 of 3 rates honored
Review this lender
Write a review of your experience with Movement Mortgage.
3 of 3 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.
Can’t read a tax return
Wasted my time. | Los Angeles | 8/5/2021
These guys quotes me a great rate, said I qualified. In underwriting they said my income was not consistent and rejected loan. My income has been consistent for the last 6 years. I have great credit. Wouldn’t accept any sort of explanation. Wasted my time. Would NOT recommend.
Response from Movement Mortgage
Thank you for reaching out. Should you wish to connect with someone about your specific concerns, please contact our Solutions Team at solutions@movement.com
DO NOT USE MOVEMENT MORTGAGE
Olie | knoxville TN | 11/23/2021
This mortgage company is irresponsible and unable to execute a loan... I am sitting at day 75 of waiting on loan approval, this company has missed 3 closing dates even after being provided every piece of data asked for 40 days after the initial closing they keep asking for more and refusing to give ...
Response from Movement Mortgage
Thank you for reaching out. Should you wish to connect with someone about your specific concerns, please contact our Solutions Team at solutions@movement.com.
Very slow, almost didn't close on closing date due to their timeliness.
I would not have closed on time if it was up to this mortgage company. The title company helped me | 16001 | 12/27/2021
Never knew who I would be talking with. Told different things depending on who I was talking with. No responses back when asked questions. Title company had their information to them over one month before this mortgage company completed their end. It was the worst experience. Will never recomme...
Response from Movement Mortgage
Thank you for reaching out. Should you wish to connect with someone about your specific concerns, please contact our Solutions Team at solutions@movement.com