We offer a wide variety of loan products to meet almost any home buying need. Whether you’re looking for a low down payment option, allowance for gift funding, rewards for having strong capital upfront or a loan for a high value area, you can find it at Movement. Here’s a quick overview of our most popular purchase, refinance and renovation loans.

VA Loan

Loan for Veterans

Veterans Affairs (VA) loans have been helping millions of veterans and their families become homeowners since the program’s inception in 1944. VA loans are guaranteed by the federal government and offer eligible borrowers affordable home financing, along with many other benefits.

Advantages for Qualified Veteran Homebuyers:

  • No down payment
  • No private mortgage insurance
  • Relaxed credit and qualifying standards
  • Competitive interest rates, which may result in lower monthly payments
  • Interest rate reduction refinances and cash-out refinance options
  • Closing costs or other certain items may be paid by seller

Eligibility Requirements for a VA Home Loan:

  • Have a Certificate of Eligibility.
  • Be a retired veteran, active duty military, national guard or reservist.
  • Be a spouse of a service member meeting certain conditions.
  • Program available for purchase of primary residence or refinance of investment property if veteran previously occupied the investment property.

Loan Limits:

In most parts of the country, veterans can purchase a home for up to $417,000 with no down payment. In high cost counties, veterans may be able to purchase homes exceeding that amount without a down payment.

Funding Fees:

VA loans require a Guarantee Fee (Funding Fee) that may be financed (This fee goes directly to ensure the program keeps running for future generations of military homebuyers. The fee varies depending on borrower’s circumstances and may not apply to veterans with service-related disabilities).

Find out more from your Movement Mortgage loan officer.

Disclaimers
This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. Credit and collateral are subject to approval. Equal Housing Lender.

  • Veterans who want a loan without mortgage insurance

Home Equity Conversion Mortgage

Reverse Mortgage Loan for Seniors

If you are house rich but cash deprived, or want to purchase a different home using the value of your current one, check out our Home Equity Conversion Mortgage (HECM) loan options. HECM and HECM for Purchase is for homeowners 62 or older and may help borrowers be more financially secure, maintain quality of life through retirement or make a new home purchase in a single transaction.

Convert Home Equity for What You Need Most

HECM and HECM for Purchase May

  • Turn equity from your home into cash
  • Help you relocate to a home more suitable for your needs
  • Help you better maintain quality of life
  • Cut down on monthly housing costs

Interested? Find out more from your Movement Mortgage loan officer.

Disclaimers
This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. Credit and collateral are subject to approval. Equal Housing Lender.

High Balance Mortgage Loans

Affordable Options for High Cost Areas

If you want to buy in an area considered high cost, or where properties typically exceed loan limits set annually by the Federal Housing Finance Agency, our high balance mortgage loans may be the solution you’re looking for. Movement offers high balance loans from both conventional and government home loan programs.

Movement High Balance Loans Offer

  • Competitive interest rates
  • Loan Amounts exceeding $417,000 in designated high-cost areas
  • Standard fixed-rate mortgages and adjustable rate mortgages (1)
  • Purchase, limited cash-out refinance or cash-out refinance options (1)
  • Financing for 1-4 Unit properties including condos (1)
  • Variable occupancy, including primary residence, second/vacation home and investment property (1)
  • Borrower-paid, lender-paid, monthly, single and split premium mortgage insurance plan options
  • High LTV options
  • No prepayment penalty

Interested? Find out more from your Movement Mortgage loan officer.

Disclaimers
This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. Credit and collateral are subject to approval. Equal Housing Lender.

FHA Back to Work Program

Offering A Second Chance After Financial Recovery

Back to Work acts as a second chance at homeownership for applicants who fell into bankruptcy, foreclosure, deed in lieu of foreclosure or a short sale due to the recession. If your household income decreased by 20% for at least six months and your financial situation is fully recovered, you may qualify.

Get Past Your Financial Hardship

Back to Work is a Second Chance For Borrowers who meet all of the following

  • Had a short sale, foreclosure, deed in lieu of foreclosure or bankruptcy
  • An income decreased by 20% for at least six months
  • A 12-month record of on time rental payments
  • Applicants who have completed HUD-approved counseling

Ask for more details from your Movement Mortgage loan officer.

Disclaimers
This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. Credit and collateral are subject to approval. Equal Housing Lender.

  • First-time homebuyers

FHA 203(k) Rehabilitation

Purchase and Rehab Financing in One

Turn a place with potential into the home of your dreams with the FHA 203(k) Standard Rehab Loan. This program provides financing for minor or major upgrades such as foundation repairs, roof work, landscape work and exterior remodeling, with a 203k Limited option for projects under $35,000. The best part of the FHA 203(k) products is that buyers with limited disposable cash can afford both a home purchase and the repairs needed.

Two Ways Qualified Buyers Can Get Rehabilitation Costs Covered

About FHA 203k Standard and Limited

  • Buy and renovate with one loan
  • Limited option is streamlined, allowing less documentation
  • Refinance to include rehab costs
  • Choose an option that works for the types of repairs and costs you need financed

Interested? Find out more from your Movement Mortgage loan officer.

Disclaimers
This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. Credit and collateral are subject to approval. Equal Housing Lender.

Fannie Mae HomeStyle® Renovation Mortgage

Renovation Financing With a Purchase or Refi

Need an easy way to renovate, make repairs or improve your home? Or maybe you’re an investor interested in renovation financing. The Fannie Mae HomeStyle® Renovation mortgage includes financing for home improvements in a purchase or refi for homebuyers as well as investors.

Purchase and Renovation in One

Fannie Mae HomeStyle may benefit

  • First-time homebuyers shopping for a home that needs value-adding repairs
  • Investors looking to rehabilitate a property
  • Second homebuyers shopping for a home to renovate
  • Homeowners who want to include renovation costs in their refinance
  • High balance loan amounts available

Interested? Find out more from your Movement Mortgage loan officer.

Disclaimers
*Program not available in the state of New York
This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. Credit and collateral are subject to approval. Equal Housing Lender.

Conventional Purchase Loans

“Good Standing” Benefits

Movement Mortgage conventional loans come in a variety of options and with excellent advantages for borrowers who have a strong down payment. While FHA and other government loans can have certain property restrictions, a conventional loan can be used for more property types.

Reap the Rewards of Conventional Qualifying

  • Conventional Purchase Loans Offer
  • Several down payment options
  • Advantages for higher down payments
  • Option to eliminate mortgage insurance
  • Financing for properties commonly restricted by government loans
  • Refinancing to possibly remove mortgage insurance

Interested? Find out more from your Movement Mortgage loan officer.

Disclaimers
This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. Credit and collateral are subject to approval. Equal Housing Lender.

  • Homebuyers who don’t want to add mortgage insurance to their payments

Federal Housing Administration Loan

Helping More Homebuyers Qualify

If you’d love to buy a home but lack credit history, a down payment, or are unable to cover closing costs, an FHA loan may be the solution. FHA financing was developed to provide homebuyers with an alternative to conventional financing and include attractive and flexible guidelines.

FHA Financing Can Help Qualified Borrowers Get These Perks
  • Low 3.5% down payment
  • 100% gift funds – the entire 3.5% down payment can be a gift from parents, relatives or an employer.
  • Lower closing costs – FHA allows seller to give up to 6% of the home’s purchase price to an FHA buyer to pay for closing costs and pre-paid costs.
  • Flexible credit qualifying – because it is government-backed, it’s possible to qualify for an FHA loan with a lower credit score than on conventional loan programs.
  • Upfront mortgage insurance may be financed or paid in cash.
  • May also be an option for borrowers with limited equity looking to refinance.
  • Ability to choose from a fixed-rate or adjustable rate

Find out more about this program and eligibility requirements from your Movement Mortgage loan officer.

Disclaimers
This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. Credit and collateral are subject to approval. Equal Housing Lender.

  • First-time homebuyers
  • Buyers with a low down payment
  • Buyers receiving their down payment or closing costs as a gift
  • Buyers with a moderate or low credit score

Fannie Mae HomeReady™ Mortgage

A Flexible, Low Down Payment Loan Program

If you’re a homebuyer with a good credit history and a stable job, but not a lot saved for a down payment, the Fannie Mae HomeReady™ mortgage may be for you. HomeReady is a 30-Year, fixed-rate affordable housing program for low-to-moderate income borrowers with as low as a 3% down payment or up to 97% financing.

HomeReady is Flexible to Match Your Lifestyle

  • No need to meet a certain income level to qualify if you live in certain low income areas.
  • Must make 100% of Area Median Income for properties in high minority census tracts and designated disaster areas to qualify.
  • Must make at least 80% of Area Median Income for all other properties to qualify.
  • Borrower not required to be a first-time homebuyer
  • Mortgage insurance coverage lower than the standard requirement for LTV ≥ 90% to 97% 1
  • Allows non-traditional credit.
  • Gifts, grants, Community Seconds and cash-on-hand permitted as a source of funds for down payment and closing costs.

Required Homeownership Education and Post-Purchase Support

Comprehensive homeownership online education is required for purchase transactions, but not for refinances. Fannie Mae offers additional post-purchase support throughout the life of the loan.

  • Borrower will invest 4-6 hours on average of their time and a modest fee of $75 to learn the fundamentals of buying and owning a home, take an online test, and receive a certificate of completion.
  • One-on-one counseling is optional, borrower referral to a HUD-approved counseling agency for additional assistance is offered.

To learn more about HomeReady resources and updates, please visit: Fannie Mae HomeReady

Interested? Find out more from your Movement Mortgage loan officer.

Disclaimers
1 Home Ready offers reduced Mortgage Insurance coverage requirements if financing above 90% LTV with competitive pricing for qualified borrowers with a Median FICO score >680.
This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. Credit and collateral are subject to approval. Equal Housing Lender.

  • First-time homebuyers with at least a 620 credit score

Jumbo Loans

Financing Higher Value Homes or Investments

If you’re in the market for a home that requires a loan exceeding the conforming limit in your area, we have several options for you to consider. Movement Mortgage has the backing to offer jumbo loan programs for borrowers who want an amount ranging from $417,001 up to $2,500,000.

Moving Up or Purchasing a Higher Value Residence? Check out our array of options.

Standard fixed option on a purchase primary residence: loan amount up to $850,000 with maximum 80% LTV, may qualify with a FICO of greater than or equal to 680; ask for details on reserves, debt to income (DTI) and other restrictions (1) Standard ARM Option on a purchase primary residence: up to $1,000,000, 80% LTV, may qualify with a FICO of greater than or equal to 700 with or without mortgage insurance; ask for details on reserves, debt to income (DTI) and other restrictions (1) Investment Property: (1 Unit) up to 60% LTV (1, 2)

Eligibility Highlights:

  • Single family dwelling attached/detached, planned unit development, warrantable condominiums
  • First-time homebuyer loans up to $1,000,000 (3)
  • High income and stable employment history required
  • Excellent credit, reserves and evidence of consistent mortgage payment history required
  • 10% minimum borrower contribution toward down payment (1)
  • U.S. citizens, permanent resident alien and non-permanent resident alien (no foreign nationals)
  • Asset depletion income can be considered on fixed-rate products; ask for details and restrictions

Ask for more details from your Movement Mortgage loan officer.

Disclaimers
(1) Eligible property type and occupancy: primary residence 1-2 units only with varying LTV/CLTV/HLTV, second home 1 Unit only, LTV based on loan amount, investment property 1 Unit only, max 60% LTV. Other restriction may apply. (2) Primary residence/purchase (1 Unit Only) loan options: Up to $850,000, 80% LTV/CLTV/HLTV, FICO 680 must provide documentation totaling a minimum cash reserves of 9 months of principal, interest, taxes, hazard insurance and assessments(homeowner’s association feed/dues/special assessments) – (“PITIA”) related to the subject property. Up to $1,000,000, 70% LTV/CLTV/HLTV with FICO >700, documentation totaling reserves of 6 months of PITIA is required. Up to $1,500,000, 80% LTV/CLTV/HLTV, FICO >720 documentation totaling reserves of 9 months of PITIA is required. Up to $2,000,000, 80% LTV/CLTV/HLTV, FICO >740 documentation totaling reserves of 18 months of PITIA is required. Up to $2,000,000, 70% LTV/CLTV/HLTV, FICO >720 documentation totaling reserves of 24 months of PITIA is required. Two full appraisal are required on loan amounts greater than $1,500,000. Value and property type restrictions apply, ask your Movement loan officer for details and restrictions applicable to all the scenarios eligible under the Jumbo loan program. Investment property/purchase: max $1,000,000, max 60% LTV/CLTV/HLTV, FICO >740, documentation totaling reserves of 36 months of PITIA is required. Investment property condo: the following restrictions apply to the state of florida Max 50% LTV/CLTV/HLTV FICO >740. Value and property type restrictions apply, ask your Movement loan officer for details and restrictions applicable to all the scenarios eligible under the jumbo loan program. (3) First-time homebuyer loans available for primary residence only (1 unit only), max loan amount of $1,000,000, Max 75% LTV/CLTV/HLTV, FICO >720, totaling reserves of 12 months of PITIA, max DTI 38%.

  • Borrowers in the market for a home loan above $417,000

FHA 203(b) Streamline Refinance

Reduce Your Homeownership Costs

You may be one of the thousands of homeowners who qualify for a reduced rate through an FHA 203(b) Streamline Refinance. Or, apply to reduce your insurance payments or remove a borrower from the mortgage.

Explore the Benefits of a Streamline Refi

  • Current FHA loan borrowers who qualify refinance without an appraisal
  • Qualifying borrowers remove someone from the loan
  • Homeowners who qualify reduce their rate
  • Qualifying homeowners who want a fast, limited documentation way to refinance

Interested? Find out more from your Movement Mortgage loan officer.

Disclaimers
This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. Credit and collateral are subject to approval. Equal Housing Lender.

  • Current FHA loan borrowers wanting to refinance without an appraisal

Veterans Affairs Interest Rate Reduction Refinancing Loan

VA Loan Refinancing

Veterans, Retirees and Active Duty Personnel can refinance an existing VA guaranteed loan to reduce the interest rate or switch an adjustable rate to a fixed rate through the VA Interest Rate Reduction Refinancing Loan (IRRRL). No appraisal or credit underwriting is required unless upon request. IRRRL only requires applicants to certify previous ownership of the home under the loan’s coverage and may be done with no money out-of-pocket by including all costs in the new loan.

Refinance Your VA Loan

Who VA IRRRL is for:

  • Qualified veterans and service personnel with a VA loan
  • Qualified VA loan owners who want to reduce their interest rate or switch from an adjustable rate to fixed rate
  • Qualified borrowers who want to refinance without an appraisal or credit underwriting
  • Qualified VA homeowners who want a streamlined refinance with no money out-of-pocket

Find out more about this program and eligibility requirements from your Movement Mortgage loan officer.

Disclaimers
This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. Credit and collateral are subject to approval. Equal Housing Lender.

  • Veterans and service personnel with a VA loan

Home Affordable Refinance Program

Refinance Hope

If you owe as much or more on your mortgage than your home is worth, HARP may offer refinancing hope. This refi was created for Fannie Mae or Freddie Mac loan owners who are current on their mortgages but have not been able to refinance.

Movement Mortgage can help you apply for HARP and possibly get a lower interest rate, shorter loan term or change from an adjustable to a fixed-rate mortgage. What’s more, there’s no appraisal required, no new mortgage insurance required, no minimum credit score and no loan to value (LTV) restrictions.

Who It's For:

  • Qualified homeowners who owe as much or more than their home is worth
  • Those who qualify and are current on their mortgage
  • A qualifying Fannie Mae or Freddie Mac loan originated on or before May 31, 2009
  • Qualified borrowers interested in a lower interest rate or switching from adjustable to fixed-rate

Why Use Movement Mortgage?

At Movement, we understand buying a home is a serious investment for you and your family. Our fast, innovative 7 Day Process was created to get you through loan approval and to closing within days and without hassle. We won’t give you the run-around, and we’ll treat you like family. Our community of sales and support staff are genuinely excited for every buyer who becomes a homeowner, and for the chance to walk with you through it all. THAT’S a difference you’ll notice and love.

Interested? Find out more from your Movement Mortgage loan officer.

  • Homeowners who owe as much or more than their home is worth
  • Homeowners who are current on their mortgage
  • A Fannie Mae or Freddie Mac loan originated on or before May 31, 2009
  • Borrowers interested in a lower interest rate or switching from adjustable to fixed-rate

United States Department of Agriculture Loan

The Rural Home Loan

This USDA-backed loan offers qualifying low-to-moderate income borrowers the option of no down payment when they buy in a designated rural area. This loan offers 100% financing and flexible guidelines to qualified borrowers. In addition, the seller can contribute up to 6% of the borrower’s closing costs.

Take Advantage of USDA Home Loan Benefits

The USDA Loan Program

  • Helps low-to-moderate income borrowers qualify
  • No down payment for eligible applicants in designated rural areas
  • Allows seller contribution to closing costs
  • Backs funds with loan guarantees

Interested? Find out more from your Movement Mortgage loan officer.

Disclaimers
This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. Credit and collateral are subject to approval. Equal Housing Lender.

  • Rural area homebuyers in need of 100% financing