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With the Income You Need to Buy a Median-Priced Home rising - you may need to Learn About Adjustable Rate Mortgages to preserve affordability.

With the Income You Need to Buy a Median-Priced Home rising - you may need to Learn About Adjustable Rate Mortgages to preserve affordability.

AmeriSave Mortgage Review 2022

Established 2002

3525 Piedmont Rd NE, 8 Piedmont Center - Suite 600, Atlanta, GA 30305

NMLS #1168


Summary:

A large, national lender with almost 20 years of experience, AmeriSave Mortgage was one of the first to utilize an all-digital mortgage experience and they have used the time since then to continuously improve their process from application to document-upload. They offer a wide variety of loan products at nationally competitive rates.

Good Fit For:

Someone looking for competitive rates and wants to complete their loan process without having to pick up the phone while also taking advantage of government loan programs.


Highlights:

  • They offer a fully online mortgage process
  • They offer a wide variety of loan products including government programs
  • Competitive rates

Things to keep in mind:

  • $500 application fee that is later used towards closing costs
  • No retail locations
  • No Home Equity or HELOC loan products

Products:

Purchase Options

  • Conventional
  • FHA
  • VA
  • USDA
  • Jumbo

Refinance Options

  • Rate and Term
  • Cash-out
  • FHA Streamline

Customer Experience

AmeriSave Mortgage is an Atlanta-based direct-to-consumer mortgage lender that has eschewed brick and mortar retail locations, in favor of fully online and phone-based process. They have been highly rated across multiple recognized platforms and in operation since 2002.

AmeriSave Mortgage was one of the first to market with a fully digital mortgage experience. This allows customers to complete the mortgage process from the comfort of their own home. They offer a variety of products that can fit the needs of almost any potential customer, including government programs and the more specific requirements they carry.

Their rates are competitive, finding themselves right around the national average. You’ll be able to get the most up-to-date rates after providing them with some initial information and allowing a soft credit pull that won’t affect your credit score. Prequalification can take as little as a few minutes, if you find yourself in a time crunch. After that, you apply directly online or over the phone. AmeriSave Mortgage says most of their customers close their loan in an average of 25 days.


Scores:

  • Reviewer
    Rating
  • A+
  • [ 4.0/ 5]
  • [ 4.4/ 5]
  • [ 4.5/ 5]
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