Movement Mortgage review: A good lender if you want to process your mortgage within seven days
Movement Mortgage; Alyssa Powell/Insider
Table of Contents: Masthead Sticky
 Movement |
|
| Editor's rating | 4.5 / 5 |
| Minimum credit score | 620 |
| Minimum down payment | 3% |
| Types of mortgages | Conforming, jumbo, FHA, VA, USDA, construction, renovation, condo, reverse, refinance |
| See rates from Movement Mortgage | |
*Minimum credit score and down payment are for conforming mortgages
Overall lender rating
| Feature | Insider rating (out of 5) |
| Loan types | 5 |
| Affordability | 4.5 |
| Customer satisfaction | 5 |
| Trustworthiness | 5 |
| Total | 4.875 |
Pros and cons
| Pros | Cons |
|
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Movement Mortgage rates
Movement Mortgage 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.
On the bright side, customers state in online Zillow reviews that their mortgage rate with Movement was "as expected" or "lower than expected." So you could get a competitive interest rate with this lender.
How Movement Mortgage compares to other lenders
We've compared Movement Mortgage to two other online lenders that are available in all 50 states: Rocket Mortgage and Fairway Independent Mortgage Corporation.
 Movement |
 Quicken Loans |
 Fairway |
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Types of home loans Conforming, jumbo, FHA, VA, USDA, construction, renovation, condo, reverse |
Types of home loans Conforming, jumbo, FHA, VA |
Types of home loans Conforming, jumbo, FHA, USDA, VA, reverse, renovation |
|
Alternative credit data? Sometimes |
Alternative credit data? No |
Alternative credit data? Yes |
| Get started | Rocket Mortgage by Quicken Loans | Fairway Independent Mortgage |
Movement Mortgage vs. Rocket Mortgage
Movement Mortgage is the clear choice for a USDA, construction, renovation, condo, or reverse mortgage, because Rocket Mortgage doesn't offer these types of home loans. 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 has also ranked as the top lender for customer satisfaction from J.D. Power for 11 consecutive years.
Movement Mortgage vs. Fairway Independent Mortgage Corporation
Movement Mortgage sometimes lets you apply with alternative credit if you don't have a credit score. But Fairway Independent Mortgage Corporation tends to be a little more lenient with this rule, and you could qualify to apply with alternative credit even if you just have a bad credit score. Every situation is different, though.
Fairway Independent also gives you the option to close digitally instead of in person.
How Movement Mortgage works
Movement Mortgage is a lender that offers mortgages in all 50 US states. Its goal is to have underwriting results within six hours of receiving your application, process your home loan in seven days, and close on the home in one day.
Movement Mortgage has the following types of home loans:
- Conforming
- Jumbo
- FHA
- VA
- USDA
- Reverse
- Fixed-rate
- Adjustable-rate
- Construction loans
- Renovation loans
- Condo loans
Movement does not have home equity loans or HELOCs.
You can choose between a regular rate-and-term refinance or a cash-out refinance, or streamline refinance your VA mortgage or FHA mortgage. There's no way to refinance your USDA mortgage into another USDA mortgage with Movement, though.
Some lenders allow you to apply with alternative data, like proof that you pay bills on time, if you have a low credit score or none at all. Movement requires a credit score if you have one. It sometimes accepts alternative data if you don't have a credit score, but this is on a case-by-case basis.
To contact the loan servicing department, call Monday through Friday from 8:30 a.m. to 8:00 p.m. ET, or Saturday from 9:00 a.m. to 3:00 p.m. ET.
Is Movement Mortgage trustworthy?
Movement Mortgage doesn't have any public controversies.
The Better Business Bureau gives Movement Mortgage an A+ in trustworthiness. A strong BBB grade indicates a company responds effectively to customer complaints, is transparent about business practices, and advertises honestly.
A good BBB score doesn't guarantee you'll have a smooth relationship with a lender, though. You may still want to read online customer reviews, or ask friends and family about their experiences with Movement Mortgage.
Mortgage rates by state
Check the latest rates in your state at the links below.
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Utah
Vermont
Virginia
Washington
Washington DC
West Virginia
Wisconsin
Wyoming
About the author
Laura Grace Tarpley is an editor at Personal Finance Insider, covering mortgages, refinancing, and lending. She is also a Certified Educator in Personal Finance (CEPF). Over her five years of covering personal finance, she has written extensively about ways navigate loans.
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