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Business Insider's personal finance team compared Movement Mortgage to the best mortgage lenders and found it to be an overall standard lender with a few features that help it stand out.
Movement Mortgage is one of the best USDA loan lenders and a strong option for FHA loans as well thanks to its Movement Boost program, which lets you finance your FHA down payment and closing costs. Movement has a ton of positive online customer reviews and a wide range of mortgages to choose from. But you'll need to request a call to see the lender's current rates.
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Rocket Mortgage -
AmeriSave Mortgage Corporation Mortgages
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New American Funding
620
3%
Conforming, jumbo, FHA, VA, USDA, construction, renovation, condo, reverse, home equity loan, HELOC
- Has branches throughout the U.S.
- High customer satisfaction ratings
- FHA borrowers can get down payment and closing cost assistance
- No customized mortgage rates shown on the website
Movement Mortgage ranks high in customer satisfaction, has a wide range of mortgage offerings, and is a top USDA loan lender. But you can't see customized rates online.
Movement Mortgage- Offers mortgage rates in all 50 U.S. states and Washington, D.C.
- Minimum credit score and down payment displayed are for conforming mortgages
About Movement Mortgage
Does Movement Mortgage Lend Nationwide?
Movement Mortgage lends mortgages in all 50 states and Washington, D.C. Additionally, the lender has branches throughout the U.S.
Movement Mortgage Loan Options
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 and home equity loans
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.
Movement Mortgage advertises a quick mortgage process and says that 75% of its loans are processed in 7 business days or less.
Movement Boost Program for FHA Loans
If you're looking to get an FHA loan, you could finance your down payment and closing costs with Movement Mortgage's program called Movement Boost.
With Movement Boost, you can get a loan to cover your 3.5% down payment plus 1.5% toward your closing costs. This loan comes with a 10-year term and a rate that's two percentage points above your mortgage rate. The program is available to both first-time and repeat homebuyers with credit scores of at least 600. It's not available in New York.
Movement Mortgage Interest Rates and Fees
Based on our review of Home Mortgage Disclosure Act data, Movement Mortgage's mortgage rates are around average compared to other lenders.
Movement doesn't show current sample rates on its website. You'll need to request a free rate quote and provide your contact information so the lender can call you with an estimate.
In 2023, the average borrower getting a conventional mortgage from this lender paid $4,434 in origination charges, according to HMDA data. This is around average compared to other lenders.
Movement Mortgage Overall Lender Rating
Loan Types: 5 out of 5
Movement Mortgage offers a strong variety of mortgages, including both conventional and government-backed loans. It even has some more niche types of loans, like reverse mortgages and construction loans.
Affordability: 4 out of 5
Movement is a strong choice for a government-backed mortgage and is the top lender of USDA loans, according to the USDA — plus, it allows relatively low credit scores on these mortgages. The l also has a program called Movement Boost that lets you finance your FHA down payment and closing costs. But its rates and fees are just average.
Customer Satisfaction: 4.49 out of 5
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.
Trustworthiness: 4.5 out of 5
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.
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 Pros and Cons
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Work With a Local Movement Mortgage Loan Officer
Movement has loan officers throughout the U.S., so you may be able to work with a local mortgage pro for your home purchase or mortgage refinance.
Working with a local lender can be beneficial since they know your area and may be able to help connect you with other homebuying pros, like a real estate agent.
Movement Lacks Rate Transparency
Many mortgage lenders provide sample rates online or even let prospective borrowers explore customized rates without having to start an application or provide their contact info. But to get an idea of the rates Movement is offering, you'll need to fill out a form on its website and wait for a call from one of the lender's representatives. This can be time-consuming and annoying if you aren't ready to give out your phone number to lenders just yet.
What Borrowers Are Saying About Movement Mortgage
Business Insider looked at positive and negative customer reviews, online forums, BBB complaints, and other sources to understand what borrowers think about Movement Mortgage.
Movement Mortgage Offers High Quality Customer Service
In reviews and comments online, borrowers had many positive things to say about their experience with Movement Mortgage. Many said that the process was smooth and that the loan officers they worked with were friendly, helpful, and kept them updated every step of the way.
How Movement Mortgage Compares
Movement Mortgage vs. Rocket Mortgage
Movement Mortgage offers a few more types of mortgages than Rocket Mortgage, including construction and reverse mortgages.
You may like Rocket Mortgage for its user-friendly online application process and reputation for great customer service. Rocket Mortgage is considered to be one of the best mortgage refinance lenders.
Movement Mortgage vs. Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation 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.
In our review of the latest HMDA data, we found Movement's rates and Fairway's rates to be comparable. If you're looking for down payment assistance, you might like Fairway Independent, which offers a $7,000 grant for first-time homebuyers in eligible areas.
Fairway Independent Mortgage Corporation Review
Movement Mortgage FAQs
Movement Mortgage is a legitimate online mortgage lender and a BBB-accredited company with an A+ rating.
Movement Mortgage was established in 2008.
Movement Mortgage's rates are around average compared to other lenders, according to our review of HMDA data.
Movement Mortgage offers a program called Movement Boost that lets you finance your FHA down payment and closing costs. It also offers a wide variety of loans, including some less common mortgage types.
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.
Editorial Note: Any opinions, analyses, reviews, or recommendations expressed in this article are the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any card issuer. Read our editorial standards.
Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available.
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