AmeriSave Mortgage Corporation overview
AmeriSave Mortgage Corporation claims to be one of the largest and fastest-growing direct-to-consumer mortgage lenders in the U.S. The digital lender has approximately 800 licensed mortgage originators, and growing, spread across the country, offering in-house underwriting, processing, funding and closing services. Founded in 2002, the lender maintains its corporate headquarters in Atlanta, Georgia.
AmeriSave established a Third Party Origination (TPO) division to provide funding for mortgage loans to community banks, credit unions and mortgage brokers and bankers in 2010. In the years since its founding, the lender has funded more than $55 billion in home loans.
- Adjustable (ARM)
- Rate-and-term refinancing
- Cash-out refinancing
AmeriSave Mortgage Corporation charges a flat $500 application fee. However, the lender does not charge loan origination fees.
Minimum borrower requirements
AmeriSave Mortgage Corporation has a variety of loan products for both new homebuyers and those who wish to refinance. For FHA loans, buyers need a minimum 3.5 percent down payment. Conventional loans through AmeriSave Mortgage Corporation require at least a 5 percent down payment. As with most mortgage lenders, the specific loans offered are dependent on the borrower’s creditworthiness, income and other factors.
The lender is committed to educating borrowers on the various loans available to them, so it’s advisable to connect with one of AmeriSave Mortgage Corporation’s licensed mortgage originators to discuss options. The lender’s website offers a “Knowledge Center” covering educational topics such as first-time homebuyer tools and more.
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