How to Apply for a Movement Mortgage in North Carolina: Steps, Pros, and Cons

Movement Mortgage, founded in North Carolina, is one of the fastest-growing mortgage companies in the U.S. Known for its commitment to community impact and fast loan processing, Movement Mortgage has become a top choice for North Carolina homebuyers. Whether you're purchasing your first home or refinancing, Movement Mortgage offers competitive options and personalized service. In this guide, we’ll walk you through how to apply for a Movement Mortgage, what to expect, and the pros and cons of working with this lender.

Why Choose Movement Mortgage?

Movement Mortgage prides itself on innovation and a people-first approach. They process 75% of loans within seven business days—a game-changer in an industry often plagued by delays. With a foundation rooted in North Carolina, Movement Mortgage has a unique understanding of the local housing market and offers tailored solutions for residents.

Additionally, a portion of their profits goes toward funding community projects, making Movement Mortgage a socially conscious choice for borrowers.

Step-by-Step: How to Apply for a Movement Mortgage

1. Explore Loan Options

Visit the Movement Mortgage website to explore loan products, including conventional, FHA, VA, and USDA loans. Their online tools make it easy to determine which option suits your financial goals and homeownership needs.

2. Pre-Approval

Getting pre-approved is a critical first step. Movement Mortgage offers a straightforward online application process. You’ll need to provide:

• Proof of income (pay stubs, tax returns, or W-2s).
• Details about your assets and debts (bank statements and credit card balances).
• Authorization for a credit check.

Within hours, you’ll receive a pre-approval letter that helps you understand your borrowing capacity and strengthens your offer when house hunting.

3. Full Application

Once pre-approved, you can submit a complete mortgage application. Movement Mortgage uses a cloud-based platform for document uploads, making the process seamless and secure. Expect to provide additional documentation, such as:

• Proof of employment or self-employment income.
• Information about the property you intend to purchase.
• Consent for underwriting.

4. Underwriting and Closing

Movement Mortgage is renowned for its fast underwriting process. Most loans are approved within seven business days. Once approved, you’ll move to closing, where final documents are signed, and the loan is funded.

What to Do After Pre-Approval

Set a Realistic Budget

Your pre-approval amount is a guideline, but ensure your monthly payments align with your financial comfort zone. Include property taxes, homeowners insurance, and maintenance in your budget.

Work with a Local Real Estate Agent

A skilled agent can help you find the right home quickly. If you’re in Charlotte or the surrounding area, consider reaching out to Home Sweet Home CLT for expert guidance.

Prepare for Closing Costs

Movement Mortgage provides a transparent breakdown of closing costs during the loan process. Budget for these expenses, which typically range from 2% to 5% of the home’s purchase price.

Pros of a Movement Mortgage

• Fast Loan Processing: 75% of loans are processed within seven business days, speeding up the home-buying process.
• Personalized Service: Movement Mortgage offers dedicated loan officers to guide you through every step.
• Variety of Loan Products: Options include conventional, FHA, VA, USDA, and jumbo loans.
• Community Impact: A portion of profits is reinvested into schools, housing projects, and other community initiatives.
• Digital Tools: Secure platforms for document uploads and real-time loan tracking simplify the process.

Cons of a Movement Mortgage

• Limited Branch Availability: Movement Mortgage operates primarily online or through loan officers, which may not appeal to those who prefer in-person service.
• Competitive Rates Vary: While rates are competitive, they may not always be the lowest available compared to national lenders.
• Fee Structure: Some borrowers report higher origination fees compared to competitors.

Final Thoughts

Movement Mortgage offers a streamlined and community-focused approach to home financing, making it a top choice for North Carolina buyers. Their fast processing times and variety of loan options ensure that borrowers have a smooth and efficient experience.

Ready to get started? Visit Movement Mortgage to explore your options and begin your application today. For local advice and help finding your dream home, reach out to Home Sweet Home CLT. If you’re facing financial challenges with a Movement Mortgage and worried about foreclosure, don’t wait to act. Check out our guide on Stop Foreclosure in North Carolina for expert tips and resources.