Movement Mortgage: A Comprehensive Overview
Introduction to Movement Mortgage
Movement Mortgage is a well-established lender in the mortgage industry, known for offering a wide range of loan options and excellent customer service. With operations in all 50 states and Washington, D.C., Movement Mortgage has built a reputation as a trustworthy and reliable option for homebuyers. This overview delves into the pros and cons, loan options, and unique features that set Movement Mortgage apart from its competitors.
Key Features and Loan Options
Movement Mortgage stands out for its diverse array of loan products, catering to various borrower needs. It offers conforming, jumbo, FHA, VA, USDA, and even niche loans like reverse mortgages and home equity lines of credit. A notable feature is the Movement Boost program, which allows FHA borrowers to finance their down payments and closing costs. This program is particularly beneficial for first-time homebuyers, offering a 10-year loan with competitive terms. However, one drawback is that Movement Mortgage does not provide customized rate quotes on its website, requiring potential borrowers to contact them directly for pricing information.
Customer Satisfaction and Trustworthiness
Customer reviews highlight Movement Mortgage’s strengths in customer satisfaction, with high ratings from sources like Zillow and J.D. Power. Borrowers praise the smooth process, attentive loan officers, and clear communication. However, the lender faced a settlement in 2023 regarding FHA and VA loan compliance, which slightly impacts its trustworthiness. Despite this, its A+ BBB rating and robust customer service practices demonstrate its commitment to resolving issues and maintaining trust.
Comparison with Competitors
When comparing Movement Mortgage to other lenders like Rocket Mortgage and Fairway Independent Mortgage Corporation, it becomes clear that Movement offers a wider variety of loan options. While Rocket Mortgage excels in online application processes, Movement’s personal touch with local loan officers provides a more tailored experience. Fairway, on the other hand, offers unique programs for specific demographics, making each lender suitable for different borrower profiles.
Conclusion and Final Thoughts
Movement Mortgage is a solid choice for borrowers seeking diverse loan options and excellent customer service. While the lack of online rate quotes may inconvenience some, the lender’s strengths in loan variety, customer satisfaction, and overall trustworthiness make it a top contender in the mortgage market. Borrowers should weigh these factors based on their individual needs and consider reaching out to Movement Mortgage for personalized assistance in their homebuying journey.
