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AmeriSave Mortgage originates a variety of mortgage types, and the lender also offers rate buydowns. It was in the top 40 mortgage originators in the U.S. in 2022.
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Star ranking and total number reflects the lifetime customer reviews received while this lender has been an advertiser on Bankrate.
To help serve you with relevant information, the customer reviews shown are limited to only those that this advertiser has received during the past 12 months.
Loans offered
Conventional, jumbo, FHA, VA, USDA, refinancing and more
Min. credit score required
620 for conventional loans, 700 for jumbo loans, 600 for FHA loans, 600 for VA loans, 600 for USDA loans
Nationwide availability
All U.S. states except New York
Min. down payment
3% for conventional loans, 3.5% for FHA loans, none for VA loans and USDA loans
NMLS: 1168
4.1
Bankrate Score
Loans offered
Conventional, jumbo, FHA, VA, USDA, refinancing and more
Nationwide Availability
All U.S. states except New York
Min. credit score required
620 for conventional loans, 700 for jumbo loans, 600 for FHA loans, 600 for VA loans, 600 for USDA loans
Fast prequalifications with custom rate quote and no credit pull
Offers transparent pricing and fee structure
Closings average 25 days
No branch locations
AmeriSave Mortgage originates a variety of mortgage types, and the lender also offers rate buydowns. It was in the top 40 mortgage originators in the U.S. in 2022.
Unlike other lenders who charge an origination fee of 1 percent of the loan principal, AmeriSave Mortgage charges a flat $500 application fee and a $295 underwriting fee. It doesn’t display mortgage rates for specific loans on its website; you’ll need to fill out a form and wait for a loan officer to contact you to receive a quote. A quote won’t show up as a hard inquiry on your credit report, but submitting a loan application will.
AmeriSave Mortgage is available to borrowers in most states, but some of its credit minimums are higher compared to those of other lenders, which might mean you won’t qualify. The lender offers a variety of loan types, including FHA, VA and USDA mortgages and home equity lines of credit (HELOCs).
AmeriSave Mortgage has an A+ rating from the Better Business Bureau and a 4.3 out of 5 stars (“Excellent”) from Trustpilot. However, it ranked below average in J.D. Power’s 2023 mortgage lender ratings. The lender’s online “Knowledge Center” includes FAQs, videos and other educational resources, and as you learn more about your options, you can take advantage of its calculators, including a rent versus buy tool and an affordability measure. The lender doesn’t have an app at this time. For questions, you can call 888-700-4026 Monday through Friday, 8 a.m. to 5 p.m. ET.
You can apply for a mortgage with AmeriSave Mortgage online or by phone at 800-777-9609. Here are some tips to prepare for the process:
AmeriSave Mortgage offers both rate-and-term and cash-out refinancing options.
AmeriSave Mortgage charges a $500 application fee and a $295 underwriting fee, although these fees can vary based on your location and loan type. The lender promises to match the rate and closing costs of a competitor, or pay you $500 after you close with the other lender.
AmeriSave offers a home equity line of credit (HELOC) that allows you to tap your equity, often up to 80 percent combined loan-to-value (CLTV). You can draw the funds during an initial 10-year period; you’ll then repay your balance over the next 10 years.
Rating: 4.1 stars out of 5
4.1
Bankrate Score
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Loans offered Conventional, jumbo, FHA, VA, USDA, refinancing and more |
Loans offered Conventional, jumbo, FHA, refinancing and more |
Loans offered Conventional, jumbo, FHA, VA, USDA, refinancing and more |
Min. credit score required 620 for conventional loans, 700 for jumbo loans, 600 for FHA loans, 600 for VA loans, 600 for USDA loans |
Min. credit score required 620 for conventional loans, 500 for FHA loans |
Min. credit score required 620 for conventional loans, 580 for FHA loans, 580 for VA loans |
Down payment 3% for conventional loans, 3.5% for FHA loans, none for VA loans and USDA loans |
Down payment 3% for conventional loans, 3.5% for FHA loans |
Down payment 3% for conventional loans, 3.5% for FHA loans, none for VA loans and USDA loans |
Nationwide availability All U.S. states except New York |
Nationwide availability Available in all U.S. states except Texas |
Nationwide availability All U.S. states |
NMLS: 1168
3.9
847 ratings
This lender has 7 recent reviews.
74% of customers would recommend this lender.
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To help serve you with relevant information, the consumer reviews shown below are limited to only those that this advertiser has received during the past 12 months.
Rates and terms of loan honored?
Closed mortgage with this lender?
Closed on time?
Would you recommend this lender?
Rates and terms of loan honored?
Closed mortgage with this lender?
Closed on time?
Would you recommend this lender?