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At a glance

NMLS: 39179

Editor's take

Movement Mortgage stands out for a speedy seven-day process — including underwriting in six hours or less — and high marks from customers. However, it doesn’t showcase rates on its website and uses some third-party lenders for loans, so it’s difficult to get an idea how much a loan might cost without first getting in contact.

Bankrate Score

4.0

Bankrate Score

Customer Rating

4.0

25 ratings

Loans offered

Conventional, jumbo, FHA, VA, USDA, refinancing and more

Min. credit score required

620 for conventional loans, 580 for FHA loans, 580 for VA loans

Nationwide availability

All U.S. states

Min. down payment

3% for conventional loans, 3.5% for FHA loans, none for VA loans and USDA loans

Recent customer reviews

The customer reviews posted on Bankrate.com ("Bankrate") are individual, subjective opinions of reviewers, and not of Bankrate. Bankrate does not endorse any of the opinions expressed by reviewers or any responses to reviews. Bankrate cannot guarantee or verify the accuracy of the opinions shared by individual reviewers, and reserves the right to reject or remove any review, at any time, for any reason at Bankrate’s sole discretion, including but not limited to those that Bankrate deems inappropriate, fraudulent, invalid, irrelevant, or otherwise outside the parameters of the Bankrate Review Guidelines, the Privacy Policy, or the Terms of Use.

Read 0 customer reviews for Movement Mortgage

Movement Mortgage overview

Founded in 2008, Movement Mortgage is headquartered in South Carolina and offers a mix of in-person assistance at more than 775 branch locations and online and phone help for borrowers. The lender originates around $20 billion in loans each year.

Movement Mortgage describes itself as an “impact” lender. It has donated a significant share of its profits to charter schools and other causes through the Movement Foundation.

Pros and cons of Movement Mortgage

Pros

Speedy underwriting and loan processing
Programs to help borrowers with the down payment
Operates an extensive network of branch locations

Cons

Doesn’t display rates or fees online
Process doesn’t allow for an all-digital experience — you’ll likely wind up speaking with a loan officer early on

How Bankrate scored Movement Mortgage

Affordability: 5 stars

Movement Mortgage scores 5 out of 5 stars for affordability thanks to competitive rates (as of this review).

Interest rates: Unlike other lenders, Movement Mortgage doesn’t list its latest mortgage rates online. You’ll need to contact the lender to learn current rate options.
Down payment: Movement Mortgage offers the gamut of mortgage types, including 3 percent conventional loans and no-down payment VA and USDA loans. Eligible FHA borrowers can utilize a program to borrow the cash for a down payment, but it’s a second loan that comes with a rate 2 points higher than their first mortgage.
Closing costs: Based on HMDA data, Movement Mortgage’s fee structure varies widely by borrower, with some borrowers paying hefty origination costs.

Availability: 5 stars

Movement Mortgage scores the full 5 stars for availability. The lender works with qualified borrowers across the U.S. on a wide range of loan products.

Home loans offered: Movement Mortgage offers several mortgage types, including conventional, FHA, VA and USDA loans, along with options to refinance your existing mortgage. It also works with borrowers of condo loans, construction loans and HELOCs.
Footprint: Movement Mortgage operates in all U.S. states.
Where to find: You can apply for a mortgage with Movement Mortgage online, by phone or in person at a branch location.

Borrower experience: 3.4 tars

Movement Mortgage scores 3.4 out of 5 stars for borrower experience. The lender boasts a quick application flow, but missing rate information on its website might make it harder for you to compare costs.

Preapproval and application process: If you qualify for a Movement loan, you can get complete underwriting in as little as six hours after applying online, loan processing in as few as seven business days and closings in one day. The lender’s Movement Mobile app allows you to manage your loan, send files and more, all in one place.
Transparency: Movement Mortgage doesn’t list current rate offers nor fees on its website — you’ll have to contact the lender to see what you might qualify for.
Customer service: You can reach Movement’s customer service team at 855-979-1084, Monday through Friday from 8:30 a.m. to 7 p.m. ET.

How easy is it to contact Movement Mortgage?

We called the lender twice without successfully being connected to anyone. (The phone process involves entering the zip code of where you’re hoping to purchase property.) The lack of connection felt surprising given the lender’s large employee base.

Movement Mortgage reputation

Movement Mortgage is not accredited by the Better Business Bureau. While the lender’s overall rating among customers who have submitted reviews to the BBB is excellent (4.4 out of 5 stars as of this review), it’s worth noting that the most recent round of reviews tilt in the negative direction, with complaints about service levels and response times.

What Bankrate users say about Movement Mortgage

Bankrate’s most recent users found Movement frustrating to work with, citing aggressive sales tactics and errors with documents in the closing process.

Lender compare

Compare Movement Mortgage to other lenders

Mortgage rates and fees can vary widely across lenders. You can use the drop downs to explore beyond these lenders and find the best option for you.

Lender

NMLS: 39179

4.0

Bankrate Score

Bankrate's take

Movement Mortgage stands out for a speedy seven-day process — including underwriting in six hours or less — and high marks from customers. However, it doesn’t showcase rates on its website and uses some third-party lenders for loans, so it’s difficult to get an idea how much a loan might cost without first getting in contact.

Loans offered

Conventional, jumbo, FHA, VA, USDA, refinancing and more

Min. credit score required

Nationwide availability

All U.S. states

Min. down payment

3% for conventional loans, 3.5% for FHA loans, none for VA loans and USDA loans

Recent Customer Reviews

4.0

25 reviews

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NMLS: 449104

5.0

Bankrate Score

Bankrate's take

FourLeaf Federal Credit Union, formerly Bethpage Federal Credit Union, is good for borrowers who want access to below-average rates and other banking services.

Loans offered

Conventional, FHA, VA, jumbo, refinancing and more

Min. credit score required

Nationwide availability

Available in all U.S. states except Texas

Min. down payment

3% for conventional loans, 3.5% for FHA loans

Recent Customer Reviews

2.5

2 reviews

Read full lender review

To help you make the most informed decisions, our mortgage lender reviews team suggests an alternative mortgage lender for each lender reviewed. In most cases, this alternative 1.) shares the same strength (affordability, availability or borrower experience) as the lender reviewed; and 2.) rates highly for Bankrate Score. In the event more than one lender meets these standards, we suggest the one with the lowest APRs.

To determine a mortgage lender’s Bankrate Score, Bankrate rates lenders on a scale of one (1) to five (5) stars — with five (5) the highest rating — based on a variety of factors relating to the lender’s products and services. To assign our ratings, we assessed each mortgage lender across three core areas:
- Affordability: Annual percentage rate (APR) - 80%; assistance for first-time homebuyers - 10%; down payment - 10%
- Availability: Loan products - 50%; licensing - 40%; credit score - 10%
- Borrower experience: Rate transparency - 35%; customer service - 35%; convenience - 20%; rate locks - 10%; reputation (if applicable)
When a lender has entered a consent decree, been assessed a penalty in a case brought by a federal regulator or in a certified, federal class-action lawsuit, or received a federal judgment for harming mortgage borrowers within the past three years, we deduct one point for each penalty received from its total Bankrate Score.

Learn more about our methodology.