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Movement Mortgage Review 2024

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At a glance

Movement Mortgage
NMLS: 39179
Editor's take

Movement Mortgage offers mortgages for home purchases and refinancing, including condo and co-op loans, as well as combo purchase-and-renovation products. This lender stands out for a speedy seven-day process — which includes underwriting in six hours or less — and high marks from customers. It was one of the top 20 mortgage originators in the U.S. in 2022.

Bankrate Score
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4.0
Rating: 4 stars out of 5
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Bankrate Score

Customer Rating
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3.0
Rating: 3 stars out of 5

8 ratings

Mortgage Percent

Loans offered

Conventional, jumbo, FHA, VA, USDA, refinancing and more

Credit Good

Min. credit score required

620 for conventional loans, 580 for FHA loans, 580 for VA loans

Location

Nationwide availability

All U.S. states

Dollar Coin

Min. down payment

3% for conventional loans, 3.5% for FHA loans, none for VA loans and USDA loans

At a glance

Movement Mortgage

NMLS: 39179

4.0

Rating: 4 stars out of 5
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Bankrate Score

Mortgage Percent

Loans offered

Conventional, jumbo, FHA, VA, USDA, refinancing and more

Location

Nationwide Availability

All U.S. states

Credit Good

Min. credit score required

620 for conventional loans, 580 for FHA loans, 580 for VA loans

Movement Mortgage overview

Movement Mortgage is an online and brick-and-mortar lender that provides a variety of mortgage products, 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 more than 750 branch locations spread across the majority of states.

Pros and cons of Movement Mortgage

Pros
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    Free customized rate quotes

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    “6-7-1” process with underwriting in six hours, loan processing in seven business days and closings in one day

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    Offers some e-closing capabilities

Cons
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    No mortgage rates on its website

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    Some loan products handled by third parties

Our Editor’s Take on Movement Mortgage

Movement Mortgage offers mortgages for home purchases and refinancing, including condo and co-op loans, as well as combo purchase-and-renovation products. This lender stands out for a speedy seven-day process — which includes underwriting in six hours or less — and high marks from customers. It was one of the top 20 mortgage originators in the U.S. in 2022.

How Bankrate scored Movement Mortgage

  • 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 and offers 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.

Affordability: 6.8/10

This lender’s mortgage rates aren’t available through its website, so it can be tougher to compare costs. You’ll need to fill out an online form or visit a branch location instead to learn your options.

Availability: 10/10

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 HELOCs. The lender operates in all states with an extensive branch network.

Borrower experience: 7.3/10

Movement Mortgage is accredited by the Better Business Bureau, with an A+ rating from the organization. It also ranked above average in J.D. Power’s 2023 mortgage origination customer satisfaction report. Aside from superior customer service, 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. 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.

How to apply for a mortgage with Movement Mortgage

You can apply for a mortgage with Movement Mortgage, in person at a branch location, online or by phone at 877-314-1499. 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.)

Refinancing with Movement Mortgage

Movement Mortgage offers rate-and-term refinancing options.

Compare Movement Mortgage to other lenders

Movement Mortgage
Rating: 4 stars out of 5
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4.0

Bankrate Score
Info
Bethpage Federal Credit Union
Rating: 4.9 stars out of 5
  • Star
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  • Star

4.9

Bankrate Score
Info
Read full review
First Mortgage Direct
Rating: 4.8 stars out of 5
  • Star
  • Star
  • Star
  • Star
  • Star
  • Star
  • Star
  • Star
  • Star
  • Star

4.8

Bankrate Score
Info
Read full review

Loans offered

Conventional, jumbo, FHA, VA, USDA, refinancing and more

Loans offered

Conventional, jumbo, FHA, refinancing and more

Loans offered

Conventional, jumbo, FHA, VA, USDA, refinancing and more

Min. credit score required

620 for conventional loans, 580 for FHA loans, 580 for VA loans

Min. credit score required

620 for conventional loans, 500 for FHA loans

Min. credit score required

620 for conventional 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% for conventional loans, 3.5% for FHA loans

Down payment

3% for conventional loans, 3.5% for FHA loans, none for VA loans and USDA loans

Nationwide availability

All U.S. states

Nationwide availability

Available in all U.S. states except Texas

Nationwide availability

All U.S. states

Movement Mortgage customer ratings and reviews

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NMLS: 39179

3.0

Rating: 3 stars out of 5

8 ratings

Info

This lender has 4 recent reviews.

Knowledge
Rating: 3.3 stars out of 5
Level of service
Rating: 3 stars out of 5
Professionalism
Rating: 3 stars out of 5
Responsiveness
Rating: 3.3 stars out of 5
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50% of customers would recommend this lender.

of 4 reviews

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