Movement Mortgage review: Options for first-time homebuyers

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Movement Mortgage loans at a glance

  • Conventional loans: Yes
  • FHA loans: Yes
  • VA loans: Yes
  • USDA loans: Yes
  • Refinancing: Yes
  • Jumbo loans: Yes
  • Condo loans: Yes
  • Reverse mortgages: Yes
  • Renovation loans: Yes
  • Adjustable rates: Yes
  • Fixed rates: Yes (15-year, 30-year)

Movement Mortgage is a mortgage lender with more than 650 locations across all 50 states. The lender offers a long list of home loan products, including some specialized options for first-time homebuyers, retirees and people looking to buy fixer-uppers.


  • Several options with low down payments
  • Large physical footprint for borrowers who prefer in-person service
  • Options for “high balance” loans in high-cost areas


  • No home equity products outside of reverse mortgages
  • Can’t get rate quotes online

3 things to know about a Movement Mortgage loan

Movement Mortgage provides a wide range of home loans, making this lender a solid choice for first-time and repeat homebuyers alike. Here are some of the features it offers.

Several loans with low down payments

If you’re a first-time homebuyer or you simply don’t have a lot of cash to put down, Movement Mortgage provides a few options if you qualify — including 100% financing for specific loans. For example, neither VA loans nor USDA loans typically require a down payment.

Another low down payment option could be an FHA loan, which requires a minimum of 3.5% down if you qualify — or a Fannie Mae HomeReady conventional loan, which requires even less down if you are eligible: 3%.

Provides versatility with other loan options

In addition to products with low or no down payments, Movement also offers other programs, including renovation loans for fixer-uppers. In this area the lender offers FHA 203(k) loans, HomeStyle® Renovation loans and HomeStyle loans for investors. Other choices include construction loans and condo loans.

Movement Mortgage doesn’t offer home equity line of credit products, commonly referred to as HELOCs. So if that’s what you want, you’ll need to look elsewhere. Reverse mortgages are available, though.

No online quotes

Movement Mortgage doesn’t allow you to get a quote online — you’ll need to either visit a local branch, speak with a loan officer over the phone or complete an entire mortgage application, which you can do through the lender’s website.

The lender also doesn’t provide any information on its website about its interest rates, which means you must go through the whole application process to find out what you qualify for to be able to compare rates.

If you prefer in-person service, though, Movement Mortgage has more than 650 locations across all 50 states.

Who is a Movement Mortgage loan good for?

Movement Mortgage offers first-time homebuyers low and no down payment loans such as FHA, VA and USDA mortgages.

Also, if you need a jumbo loan, a loan to buy a condo, a reverse mortgage or a refinance, you could consider Movement Mortgage. The same goes if you want to buy a property that needs work and renovate it for yourself or as an investment.

Movement Mortgage is also a solid option for someone who feels more comfortable going through the process in person. If you prefer a completely online experience, this probably isn’t the right lender for you.

How to apply for a Movement Mortgage loan

Eligibility requirements vary depending on the type of loan you choose, but Movement Mortgage doesn’t disclose specific minimum criteria for most of its loans upfront. The lender looks at your credit scores, income and monthly debt payments to get your debt-to-income ratio and other factors to get a picture of your credit health.

If you want to get a free rate quote, you’ll need to share a little bit about yourself, the type of loan you want and where you’re thinking of buying. Then a loan officer will contact you for a consultation.

If you’d rather skip the prequalification process and fill out an application, you can do so online, over the phone or at one of the lender’s local branches.

The lender provides a loan checklist, so you’ll know which documents you’ll need to have ready during the application process. The list includes …

  • Two years of tax returns
  • Two years of W-2s
  • Most recent pay stubs
  • If self-employed, your 1099s and a copy of your business license
  • Recent bank statements
  • Explanation of deposits that are more than $1,000 other than your usual pay
  • Copy of your driver’s license
  • Mortgage statement, insurance declaration and most recent tax statement for other properties that you own
  • Copy of your earnest money check and purchase contract
  • If applicable, your divorce decree or separation agreement

Not sure if Movement Mortgage is right for you? Consider these alternatives.

If you’re shopping for a mortgage, you have a window of time where multiple credit inquiries are only counted as one for your credit scores. You typically have 14 days, but it could be longer depending on the scoring model.

Before you move forward with Movement Mortgage, it’s a good idea to compare rates and terms from other lenders. Here are some alternatives to consider.

  • Cardinal Financial: This lender also offers a long list of mortgage options, which can help you compare certain loans that aren’t as widely available.
  • Rocket Mortgage: Rocket offers a strong online and mobile app experience.

About the author: Ben Luthi is a personal finance freelance writer and credit cards expert. He holds a bachelor’s degree in business management and finance from Brigham Young University. In addition to Cr… Read more.