AmeriSave Mortgage Corporation Review
See how often this lender beats the typical offer on 2025 loans.
How Bankrate scores AmeriSave Mortgage Corporation
- Price competitiveness
How often this lender's borrowers pay at or below the typical price for a comparable loan.
3 out of 5 - Amount of overpayment
How much extra borrowers ended up paying with this lender compared to the best price for a comparable loan. A higher percentile score is always better.
1 out of 5 - Customer complaints
How often consumers complain about this lender, and whether they get relief.
1%3 out of 5 - Where and what they lend
How many states and loan types this lender serves.
95%5 out of 5
No lender can pay for a higher Bankrate Rating. Every score comes from the same data and criteria.
2025 ratings, across all four measures
A few more details worth knowing
Though these don't affect the star rating, we show them so you have the full picture.
For applicants age 62 and older, we measure two things: whether this lender denies them more often than its own lending patterns would predict after accounting for loan size, income, debt-to-income ratio, and loan type; and whether it lends to them at rates similar to comparable lenders. One of those two measures fell outside the expected range. Credit scores are not available in this dataset, so they are not included in the analysis. Because that variable is held constant across all lenders, it should reduce the extent to which missing credit-score data affects comparisons between them.
We looked at how often a lender's applications end up as closed loans, not counting any that were denied or the applicant withdrew. At this lender, fewer than 90% did, which might mean quoted terms changed before closing, applicants stepped away, or both.
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What Bankrate's editors think
AmeriSave’s credit score minimums are unusually low, down to 500 for FHA and VA loans versus the high-500s or low-600s many lenders require. It also offers loans for real estate investors and first-time buyers, and works with state and local housing agency programs for down payment and closing cost help.
But the rating tells a tougher story. AmeriSave charges more in average costs (extra interest, fees and points over eight years) than about 80% of comparable lenders, and it beat other lenders’ rates on only about 41% of its 2025 loans. More than 1 in 10 approved borrowers never make it to closing, and complaints run high (about 8 per 1,000 loans). Add those factors together and the result is a poor and expensive experience for borrowers, earning AmeriSave an Overall Score of 2.
At a glance
Good for buyers whose main obstacle is credit — AmeriSave’s minimums run as low as 500 for FHA and VA loans, well below what many lenders require. Not a good fit if you’re focused on the lowest overall cost or a smooth path to closing, where the data shows AmeriSave lagging.
What consumers say
Summary: AmeriSave Mortgage Corporation reviewers chiefly report quick responses to their questions, alongside a loan officer who clarifies the available options. Sentiment regarding the digital tools is more divided: most describe the portal as easy to use, though a meaningful minority report difficulty.
Great experience
Timothy and joshua is excellent and professional, make everything seamless, most everything is done online so it makes it way easier, they were upfront on everything with me and I appreciated that.
Neil R. · 08812
Worst experience with a lender EVER!!!
I was looking to get out from under some high interest credit card bills. Now I have the same credit card bills, $50,000 in new mortgage and 3 worthless checks totaling $29,028. I answered an ad for disabled veterans to help get out of debt and now I am facing bankruptcy. If you were contacted by this company, or worse, contacted them as I did thinking they would help, Stop, Drop and Run!!! This company couldn't care less about helping. They are only after your money and once they get it, good luck trying to get ANY issues resolved. Amerisave is obviously NOT looking for repeat business!
Gary H. · Oklahoma
Second time using AmeriSave
I used AmeriSave for the second time in a year due to a refinance opportunity. Because they already had much of the required documentation , the process was very quick and smooth. I really appreciated the knowledge and professionalism of the AmeriSave representatives that helped me.
NCS · Santa Cruz CA
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Figures are drawn from public lending and complaint data and weighted by loan volume.
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