Movement Mortgage Review 2024

Movement Mortgage overview

Pros and cons of Movement Mortgage

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 scores well here in part because it offers a wide variety of mortgage types, including 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, loan processing in as few as seven business days and closings in one day. The lender’s Movement Mobile app allows you to manage your loan, send files and more, all in one place.

While the lender offers a variety of loans, some products are “brokered out;” that is, originated in Movement’s name but contracted out to third-party lenders.

Learn more: What to expect from the mortgage underwriting process

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. To get a free rate quote, you’ll need to share information about yourself, the type of mortgage you want and where the property is located. 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. The Movement Purchase Advantage promises to let you refinance with no fees if rates drop in the near future. You can call to discuss refinance options, or explore the lender’s refinance calculator online. You can also shop other refinance rates on Bankrate.

• Methodology

  To determine a mortgage lender's Bankrate Score, Bankrate rates lenders on a scale of one (1) to five (5) stars — with five (5) the highest rating — based on a variety of factors relating to the lender's products and services. To assign our ratings, we assessed each mortgage lender across three core areas:

  • Affordability: Annual percentage rate (APR) - 80%; assistance for first-time homebuyers - 10%; down payment - 10%
  • Availability: Loan products - 50%; licensing - 40%; credit score - 10%
  • Borrower experience: Rate transparency - 45%; customer service - 25%; convenience - 10%; days to close - 10%; rate locks - 10%; reputation (bonus)

  Learn more about our methodology.

  How we suggest lenders to compare

  To help you make the most informed decisions, our editorial team suggests two (2) alternative mortgage lenders for each lender reviewed in our comparison table. In most cases, these alternatives 1.) share the same strength (affordability, availability or borrower experience) as the lender reviewed; and 2.) rate highly for Bankrate Score. In the event more than two lenders meet these standards, we suggest the ones with the lowest APRs.