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About Movement Mortgage
Movement Mortgage has the following types of home loans:
- Conforming loans
- Jumbo loans
- FHA loans
- VA loans
- USDA loans
- Reverse mortgage
- Construction loans
- Renovation loans
- Condo loans
- HELOCs
This lender does not currently offer home equity loans.
Movement Mortgage advertises a quick mortgage process, and says that 75% of its loans are processed in 7 business days or less.
To apply for a mortgage, you can either start an application online or search for a local loan officer on Movement Mortgage's site and reach out to them directly.
Is Movement Mortgage Trustworthy?
The Better Business Bureau gives Movement Mortgage an A+ rating. A strong BBB grade indicates a company responds effectively to customer complaints, is transparent about business practices, and advertises honestly.
On its Zillow lender profile, Movement Mortgage has a 4.98 out of 5-star rating based on over 18,000 customer reviews. It's also ranked No. 6 in the J.D. Power 2023 U.S. Mortgage Origination Satisfaction Study.
In June 2023, Movement Mortgage paid $23.7 million to settle allegations that it originated FHA and VA loans that didn't actually meet the government's requirements for these loans.
Movement Mortgage Interest Rates and Fees
Movement does not show mortgage or refinance rates on its website. Some lenders show sample rates online, and others even let you enter information such as your zip code and credit score to see more customized rates.
You can click "Free rate quote" to enter your personal information and see a rate. But you'll need to enter things like your full name and contact information, which many lenders don't require to see a more customized rate.
In 2022, the average borrower getting a conventional mortgage from this lender paid $3,212 in origination charges, according to Home Mortgage Disclosure Act data. This is around average compared to other lenders.
Movement Mortgage: Overall Rating
| Feature | Insider rating (out of 5) |
| Loan types | 5 |
| Affordability | 4.5 |
| Customer satisfaction | 4.49 |
| Trustworthiness | 4.5 |
| Total | 4.62 |
Movement Mortgage: Pros and Cons
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Movement Mortgage FAQs
Is Movement Mortgage legitimate?
Movement Mortgage is a legitimate online mortgage lender and a BBB-accredited company with an A+ rating.
Is Movement Mortgage a good company?
Yes, Movement Mortgage is a good mortgage lender overall. It aims to move you along through the mortgage approval and closing processes quickly. It also may let you apply with alternative credit data, such as proof that you pay bills on time, if you don't have a credit score.
What is the minimum credit score for Movement Mortgage?
Movement Mortgage requires a 620 credit score for a conforming mortgage and 580 for an FHA, VA, or USDA mortgage. You may be able to apply using alternative data if you don't have a credit score. But if you do have a credit score, you can't use alternative forms of credit to boost your application.
How long has Movement Mortgage been in business?
Movement Mortgage was established in 2008.
How Movement Mortgage Compares
Movement Mortgage vs. Rocket Mortgage
Movement Mortgage offers a few more types of mortgages than Rocket Mortgage, including construction, renovation, and reverse mortgages. There's also a chance you can show alternative credit data, like proof that you pay bills on time, to Movement if you don't have a credit score. Rocket Mortgage requires a credit score.
You may like Rocket Mortgage for its user-friendly online application process, including a live chat feature available seven days per week. Rocket Mortgage is considered to be one of the best mortgage refinance lenders.
Movement Mortgage vs. Fairway Independent Mortgage Corporation
Fairway Independent has similar loan offerings to Movement, though it also offers a physician loan for medical professionals who have sufficient incomes to afford a mortgage but large amounts of student loan debt.
Both of these lenders may be good options if you need to apply using alternative credit because you have no score. Fairway Independent also gives you the option to close digitally instead of in person.
Fairway Independent Mortgage Corporation review
Why You Should Trust Us: How We Reviewed Movement Mortgage
To review Movement Mortgage, we used our methodology for reviewing mortgage lenders.
We look at four factors — loan types, affordability, customer satisfaction, and trustworthiness — and give each a rating between 1 and 5, then average these individual ratings for the overall lender rating. Lenders get higher ratings if they offer a high number of loan types with affordable features, have positive customer reviews, and don't have any recent public controversies.