Movement Bank conventional loans come in a variety of options and with excellent advantages for borrowers who have a strong down payment.

• Several down payment options.
• Option to eliminate mortgage insurance.
• Advantages for higher down payments.
• Refinancing to possibly remove mortgage insurance
• 2022 Conventional Loan amount limits up to $647,200

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.

• Low 3.5% down payment
• Relaxed credit and qualifying standards
• The entire 3.5% down payment can be a gift from parents, relatives or an employer.
• May also be an option for borrowers with limited equity looking to refinance.

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 part of a federal government program and offer eligible borrowers affordable home financing, along with many other benefits.

• No down payment
• Relaxed credit and qualifying standards
• No private mortgage insurance

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 also offers flexible guidelines to eligible applicants.

• May help low-to-moderate income borrowers qualify
• No down payment for eligible applicants in designated rural areas
• Allows seller contribution to closing costs

Movement Bank offers options for you to build your own home on land you already own or plan to purchase. We offer a construction loan including professional inspections with permanent financing options when home construction is complete.*

• Build your dream home using a qualified builder of your choice

• Use land equity you already hold as equity toward the project

• Pay interest-only payments during construction to keep monthly obligations reasonable

• Professional inspectors help track construction progress during the project

• Once the construction phase is complete, refinance your construction loan into a traditional mortgage with principal and interest payments

  *Must have a minimum credit score of 700. Up to 90% Loan to Cost. Subject to Credit Approval.

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.

• Single-family dwelling attached/detached, planned unit development, warrantable condominiums
• Excellent credit, reserves and evidence of consistent mortgage payment history required
• High income and stable employment history required
• 10% minimum borrower contribution toward down payment