Pros and cons of Movement Mortgage
Movement Mortgage Pros:
- Average closing time is under 25 days, quicker than the national average.
- Possible loan approval within six hours after applying.
- Offers down payment and closing cost assistance for FHA loans.
- Shares profits through the Movement Foundation to support charitable causes.
- Provides a highly-rated mobile app.
Movement Mortgage Cons:
- Does not post mortgage rates online; you must call for rate quotes
- No online chat option for customer service
- Lacks transparency on origination fees on its website
- Movement Boost is unavailable in New York
- Some borrowers report occasional closing delays and communication gaps
Movement Mortgage interest rates
Movement mortgage rates are generally competitive and frequently lower than the national average. However, since they don’t post interest rates online, you need to speak with a loan officer or apply online for a personalized quote.
We used HDMA Act data to gather average rates for popular mortgage loans at Movement Mortgage. The table below displays the average rates you can expect.
| Loan Type | Average Interest Rate |
| Conventional 30-Year | 6.69% |
| Conventional 15-Year | 5.10% |
| FHA 30-Year | 6.52% |
| VA 30-Year | 6.31% |
Average rate and fee data sourced from public rate and fee records required by the Home Mortgage Disclosure Act (HMDA).
Remember that interest rates vary a lot by customer. Your rate depends on your credit score, down payment, loan type, and home price. That means you shouldn’t take average rates (or advertised rates) at face value. Instead, pick three to five lenders you’re interested in and get rate quotes from each. Then, compare the interest rates, closing costs, and other fees you’re offered to see which lender can give you the best deal.
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Movement Mortgage review for 2025
In 2008, Casey Crawford transitioned from his NFL career to co-found Movement Mortgage. The firm allocates a portion of its profits to benefit schools, health clinics, and affordable housing via the Movement Foundation. Ranked as one of the top ten lenders in the U.S., Movement Mortgage lends over $20 billion annually in home loans. It operates more than 775 branches, complemented by user-friendly online tools.
You can apply online, over the phone, or in person. Movement can complete underwriting in six hours, finish processing in seven days, and potentially close in one day if you qualify. However, Movement Mortgage does not display its current interest rates or fees online, so you’ll need to call or visit to get quotes for comparison.
Affordability
Movement Mortgage ranks just below average on The Mortgage Reports affordability index. It has an average origination fee of $3,704, higher than the national average of $2,792. Its rates frequently match or exceed those offered by competitors. To make home purchasing more affordable, Movement provides Movement Boost, a down payment assistance program that covers up to 3.5% of an FHA down payment and up to 1.5% of closing costs. This initiative has no income restrictions and is available to both first-time and repeat buyers.
Lending flexibility
Movement Mortgage provides you with numerous options. You can select a fixed-rate or adjustable-rate mortgage. You can also choose between a conventional or FHA loan, including a 203(k) renovation loan. Additionally, it offers VA loans, jumbo loans, USDA loans, and reverse mortgages. You can refinance either for rate-and-term or cash-out. Furthermore, you can obtain a construction-to-permanent loan or a home equity line of credit (HELOC). This variety lets you find the loan that suits your budget and plans.
If you choose an FHA loan, you need a credit score of at least 580 to qualify with the minimum 3.5% down payment. Borrowers with scores between 500 and 579 must make a down payment of at least 10%. For a conventional loan, Movement typically requires a credit score of 620 or higher and a minimum down payment of 3% for qualified buyers. Remember that putting down less than 20% usually means you’ll be required to pay for private mortgage insurance until you build enough equity.
Trustworthiness
According to the Consumer Financial Protection Bureau (CFPB), Movement Mortgage has fewer complaints than most lenders. The Better Business Bureau rates it A+ due to its low complaint volume, and J.D. Power ranked it second in their 2024 Mortgage Origination Satisfaction Study.
Despite this, Movement faced a lawsuit in 2023 related to FHA and VA submissions, resulting in a $23.75 million settlement. Additionally, in 2017, it paid $1.1 million for servicing issues. Nevertheless, reviews on Zillow highlight its straightforward process and supportive loan officers, although some customers mention that communication can be slow just before closing.
Customer experience
Movement Mortgage acts quickly and provides multiple options for applying for a mortgage loan. You can begin the application process online by calling 855-979-1084 or visiting any branch. They can deliver an underwriting decision within six hours and complete a loan in as few as seven business days. Sometimes, the loan can even be closed in just one day.
The Movement Mobile app is highly rated on the App Store and Google Play. It allows you to upload documents, monitor your loan progress, and communicate with your loan officer directly from your phone. However, since mortgage rates and fees are not listed on their website, you’ll need to call during business hours for a quote.
FAQs about Movement Mortgage
You need at least a 580 FICO score for an FHA loan to qualify for the 3.5% down payment option. If your score is between 500 and 579, you must make a 10% down payment. You typically need a score of 620 or higher for a conventional loan. VA and USDA loans usually also start with a minimum of around 620.
You can choose from fixed-rate and adjustable-rate mortgages, conventional loans, FHA loans (including 203(k) renovation mortgages), VA loans, USDA loans, jumbo loans, reverse mortgages, rate-and-term or cash-out refinances, construction-to-permanent loans, and home-equity lines of credit. Movement’s wide range helps you match the loan to your financial plan.
Yes. Movement Boost covers up to 3.5% of an FHA down payment and up to 1.5% of closing costs. The program has no income limits or home purchase-price limits, and both first-time home buyers and repeat buyers can qualify. Movement Boost is a second mortgage you repay when you sell or refinance.
You can start with an online application, a phone call to 855-979-1084, or a visit to one of more than 775 branches nationwide. You’ll submit basic information, income documents, and property details. If you qualify, Movement can provide an underwriting decision in as few as six hours.
Movement Mortgage takes an average of 24 days from application to closing, whereas the industry average is about 44 days. When borrowers meet the qualification criteria and submit their documents promptly, Movement can close loans in as little as one day after final approval.
Is Movement Mortgage the best mortgage lender for you?
This Movement Mortgage lender review highlights a company that excels in fast closings and community impact. It serves diverse borrowers and provides strong support through its branches and mobile app. Borrowers who prioritize speed, charitable giving, and flexible loan options will find it a compelling choice. If you prefer to compare mortgage rates without engaging with the lender or using live chat support, seeking a lender that offers more online transparency may suit you better.
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How The Mortgage Reports scored Movement Mortgage
The Mortgage Reports evaluates and ranks lenders based on four key factors, each weighted to reflect its impact on the borrowing experience.
- Customer experience (20%): Examines the lender’s digital and service accessibility, including the availability of an online pre-approval or pre-qualification process, ease of contact, and the presence of a current rates page on their website.
- Affordability (20%): Assesses the average origination charges and the average interest rate the lender offers.
- Lending flexibility (40%): Evaluates the lender’s minimum down payment and credit score requirements, as well as the availability of FHA, VA, and USDA loan options.
- Trustworthiness (20%): Measures customer satisfaction and reliability based on Consumer Financial Protection Bureau (CFPB) complaints per 1,000 loans and ratings from reputable third-party review platforms such as Trustpilot.
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Written by: Peter Warden