AmeriSave Mortgage Review


Amerisave offers mortgage purchasing and refinancing options for residents living in 49 states and Washington D.C. (not available in New York). Most of Amerisave’s business is in mortgage refinancing. While Amerisave boasts an online application system, most customers will work with an Amerisave representative over the phone to complete the process. Each applicant is assigned a licensed loan originator in addition to a loan processor.

Why Amerisave?

  • Full transparency on rates and fees
  •  Offers rewards of $250-$4,500
  •  Loans can be closed at home or at a local office
  •  If a customer locks a rate with AmeriSave and then finds a better rate elsewhere, Amerisave will match the lower rate or give the customer $1,000

What you need to know

  • Loans with AmeriSave tend to be slightly higher than $250,000
  • Minimum credit score of 600 or FHA loans, 620 for VA and conventional loans
  •  Loans are funded in around a month after the rates are locked

Amerisave is not for borrowers

  •  Who wish to take out an equity loan or HELOC
  • Unwilling to pay higher-than-average fees in exchange for competitive interest rates