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AmeriSave Mortgage

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9.9

Overall Score

Author: Kaitlyn Short

LAST UPDATED: December 5th, 2024

AmeriSave Mortgage is an online, direct mortgage lender, offering a variety of loan types for home purchase, as well as options for mortgage refinancing if you are looking to lower your monthly payment or take out cash from your home's equity. Homebuyers typically close on their AmeriSave mortgage in 25 days or less.

AmeriSave is licensed to lend nationwide, but it does not originate loans in New York.

AmeriSave reviews are overwhelmingly positive with 90 percent of customers awarding the company 4 or 5 stars. Customers praise AmeriSave's attentive customer service, low rates, and quick application and closing process.

Read verified AmeriSave Mortgage reviews

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The Good

  • Variety of Loan Types
  • AmeriSave Mortgage Rates
  • AmeriSave Mortgage Application Process
  • No Application or Rate Lock Fees
  • Quick Closing Time
  • Down Payment Assistance
  • AmeriSave Mortgage Reviews

Variety of Loan Types

AmeriSave has a variety of home loan products that satisfy the needs of most homebuyers. You can choose from the following options:

  • Fixed Rate Loan
  • Adjustable Rate Mortgage (ARM) Loan
  • FHA Loan
  • VA Loan
  • USDA Loan
  • Jumbo Loan

These mortgage loan options are among the most popular in the industry, making it easy for most borrowers to find what they are looking for. Also, because AmeriSave is a direct lender, the company is able to cut down on costs, ultimately lowering interest rates for borrowers.

AmeriSave Mortgage Refinance

If you are looking to lower your monthly mortgage payment or take out cash, AmeriSave offers two refinance options:

  • Rate and Term Refinancing — lower your current interest rate and/or change the term length of your mortgage
  • Cash Out Refinancing — get cash out of your home's equity for home improvement or debt consolidation

AmeriSave also offers home equity lines of credit (HELOCs), which acts as a revolving source of funds similar to a credit card.

You can quickly get a quote or use AmeriSave's Refinance Calculator to see if refinancing is the best option for you. It only takes three minutes to get a customized quote in AmeriSave's online application with a soft credit pull that has no impact on consumer credit score. 

AmeriSave Mortgage Rates

Amerisave rates are approximately 0.5 percent lower than company competitors, such as New American Funding or Quicken Loans. 

On BestCompany.com, 15 percent of AmeriSave reviews* mention rates, with many customers saying that they chose the company because it had the “best rate” or that its “rates were lower than everyone else.”

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Customer Review: Maria from Modesto, California

"AmeriSave is very fast and efficient with the best rates I could find. It almost seemed too good to be true. I'm very happy I decided to go with AmeriSave."

While AmeriSave advertises low rates and many customers mention low rates in reviews, you aren’t guaranteed the lowest rate upon applying.

AmeriSave Mortgage Rate Transparency

AmeriSave publishes daily updated rates on its website. While it may be inconvenient to provide property and some contact information to view rates, this does allow you to get a more personal loan quote, rather than viewing average industry rates. 

It is important to note that your rate quote may not be the rate you receive at closing — your rate will be dependent on your credit score, credit report, and debt-to-income ratio (DTI), as well as any other company specific rate assessment factors.

AmeriSave Mortgage Application Process

The AmeriSave Mortgage application process is entirely online and mobile-friendly, allowing borrowers to quickly view rates and programs that they qualify for, as well as get to closing much faster. AmeriSave’s online convenience is frequently highlighted by customers in reviews on BestCompany.com.

To get started on an AmeriSave application, you will need to provide information about the home you’d like to purchase, or your current home if you’re refinancing. You will need to agree to a soft credit check (this won’t affect your credit score) and then provide personal financial information.

You can upload documents, track application progress, and e-sign documents all online.

No Application or Rate Lock Fees

AmeriSave recently removed its application fee and has no rate lock fee. However, it is important to note that the rate lock fee remains for 90-day locks, but there is no cost otherwise. The AmeriSave 90-day 'Lock & Shop' is intended to protect your interest rate while you home shop. 

Quick Closing Time

AmeriSave has been able to get nearly 50 percent of its customers to close in as little as 25 days or less — the industry average closing process on a house typically takes 30 to 45 days.

On BestCompany.com, 11 percent of AmeriSave reviews* highlight the company’s fast process, often closing on loans within two to six weeks.

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Customer Review: John from London, Kentucky

"They were very easy to get a hold of, very knowledgeable, and very friendly. The process of obtaining my loan was really quick, actually closed within 30 days."

AmeriSave's dedication to quick closing times benefits borrowers who are on a tight deadline. This benefit is often difficult to find with other mortgage lenders, making AmeriSave a great option if you are in a rush to close on your home.

Down Payment Assistance

AmeriSave works within Fannie Mae guidelines to help make down payments possible for low income families and first-time home buyers. This government backed program allows borrowers to put down as little as 3 percent of the purchase price of the home to qualify for a loan.

Not all mortgage lenders are Fannie Mae backed, making AmeriSave a great option for those who are first-time homebuyers or who may need extra down payment assistance. Having a government entity to help back mortgages makes AmeriSave an even more secure option for borrowers.

AmeriSave Mortgage Reviews

AmeriSave excels in customer satisfaction, service, and attention. Out of the more than 1,400 verified customer reviews on Best Company, 91 percent of AmeriSave reviews are four-star or five-star.

AmeriSave customers most often praise the following:

  • Low interest rates
  • Quick and efficient loan process
  • Easy application process
  • Low closing cost
  • Personable and helpful loan officers

It is rare that a lender has such a high proportion of positive customer reviews, making AmeriSave a stand-out option in customer service compared to other mortgage lenders.

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The Bad

  • Not Available in New York

Not Available in New York

AmeriSave mortgage products and services are available in 49 states, and Washington D.C. Unfortunately, AmeriSave does not originate loans in New York.

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The Bottom Line

If you are looking for a competitive mortgage rate from a trusted lender, AmeriSave could be a good option for you. Depending on the loan type and your own financial background, AmeriSave can help you purchase or refinance your home at a lower than average rate, saving you more money overall.

If you are looking to close quickly on a home or simply avoid a drawn-out mortgage process, AmeriSave can get you to closing faster than many of its competitors — in 25 days or less — as a result of a streamlined application process and commitment to meeting borrowers' needs. 

Some customers complain that it took them much longer to get to closing with AmeriSave, but overall, the majority of AmeriSave reviews on BestCompany.com praise the company for a fast approval and closing process. 

Additionally, the majority of AmeriSave borrowers have expressed high satisfaction with the company's customer service.

Based on customer reviews, we would recommend AmeriSave for your mortgage financing or refinancing needs.

Check out AmeriSave reviews below.

*AmeriSave Mortgage review data used in this profile is taken from a sample of 400 reviews left by customers on BestCompany.com.

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Star Rating

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4.8

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2,285 Reviews

Review Breakdown

5 grade

80%

4 grade

12%

3 grade

3%

2 grade

1%

1 grade

5%

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Ronna

Nice people and very professional. The loan process was very easy and if we didn't understand it was explained in a way we would understand it. This was our second loan and would do it again when we are ready. Not disappointed!

4 days ago

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Connie

I was greatly please with the precessional service I received at Americans. Richard Thompson was great to work for with and answered , all my question with the answers I needed. I would give this company a 10 star if I could.

1 week ago

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Robert

I had a great experience with Amerisave. They kept me connected throughout the entire process, always available to assist with my questions. However, I felt they could improve by providing clearer details regarding the closing process and the checks involved. Overall, I would recommend Amerisave to family and friends for their efficiency and support.

2 weeks ago

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Irene

I had a wonderful experience with AmeriSave. The staff was incredibly nice, understanding, and patient with my needs and disabilities. They treated me with respect and without any prejudice during my loan process. I especially appreciated the help from Nikki and the loan officer; they truly have good hearts. I highly recommend AmeriSave to anyone in need!

2 weeks ago

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Carolyn

I had a wonderful experience with the mortgage professionals who were incredibly patient and supportive throughout the process. They answered all my questions and guided me step-by-step, making everything easy and manageable. As a single mom and school teacher, I was nervous about taking a loan, but their assistance helped me stay within my budget. I'm truly grateful for their help!

2 weeks ago

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Michelle

I had a very positive experience! The team was incredibly patient and answered all my questions thoroughly, guiding me through the process step by step. As a single mom and school teacher, I appreciated their support in navigating the loan process. It was quick, easy, and they helped me stay within my budget. I'm truly grateful for their assistance!

2 weeks ago

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Barbara Krantz

Rebecca and her team were exceptional in helping me achieve my goal of refinancing my house. My health is not great and she would cheer me on whenever I wasn’t feeling well. She was truly instrumental in seeing it through to the finish line. I highly recommend AmerSave Mortgage !

2 weeks ago

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Juan

I was impressed with the quick and accurate service I received. The process was responsive and easy to navigate. While I did have some feedback, there isn't anything else I wish to add at this time. Overall, a very positive experience!

2 weeks ago

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Matthew

I had a great experience with the mortgage professionals who were very accessible and responsive to all my questions. They guided me through everything effectively, making the process smooth. I appreciate their support and have already provided my feedback. Overall, I'm very satisfied with the service I received!

2 weeks ago

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Adell

I had a great experience with my loan officer at Amerisave. He was always available to answer my questions, which made the process much easier. I highly recommend Amerisave to anyone looking for a mortgage. They provide excellent support and service!

2 weeks ago

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Julie

I found the service to be highly responsive and quick, making it very easy to provide documents online. However, I did inquire about additional options, and unfortunately, there aren't any available at this time. Overall, a smooth experience but with some limitations.

2 weeks ago

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Anthony

I had a wonderful experience with AmeriSave. The staff were incredibly kind and attentive to my needs, especially the loan officer who showed great patience and understanding. They treated me with respect, without any discrimination regarding my disabilities. I'm grateful for their support and would highly recommend them to anyone!

2 weeks ago

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Douglas

I had a fantastic experience with Amerisave. My loan officer was always available to answer my questions and kept me informed every step of the way. I would highly recommend Amerisave to anyone looking to refinance their home or secure a mortgage. Their support made the process smooth and reassuring!

2 weeks ago

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Kevin

I had a great experience with AmeriSave Mortgage's customer support. They answered my questions quickly and made the process easy. However, I think they could improve by reducing some of the paperwork involved. Overall, I'm very satisfied with their service!

2 weeks ago

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Sherrill

I had a great experience with Amerisave as they maintained constant communication throughout the refinancing process. I highly recommend them, but they could improve by providing clearer details about the closing process and issuing checks. A follow-up document would also be helpful.

2 weeks ago

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James

I had a great experience with this company. They answered all my questions quickly and professionally, making the process easy and efficient. I would definitely recommend them for their excellent service!

2 weeks ago

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Dorothy

I had a great experience with Amerisave. The representatives were patient and walked me through everything, demonstrating professionalism and responsiveness. I particularly enjoyed working with Curtis and Clayton, who made the process easy. Overall, I have no issues and appreciate their support!

1 month ago

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David

I had a great experience with Amerisave. They were very responsive and professional, always calling back promptly when I reached out. The service provided by both the processor and the originator was excellent. I was very happy with the support I received throughout the process.

1 month ago

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Debbie

I had a mixed experience with customer support. While it took some time to get answers initially, I found the service to be knowledgeable and responsive during the financing process. Overall, my experience with Amerisave was positive, but there's room for improvement in response times.

1 month ago

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Gloria

I had a great experience working with Curtis and Clayton. They were incredibly helpful and guided me through every step of the process with patience. Although I faced some challenges, their prompt assistance made everything easier. I truly appreciate their dedication and support in securing my loan!

1 month ago

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Shelby

I had a great experience with Amerisave. Their customer service was responsive and knowledgeable throughout the financing process. They were quick and provided clear guidance on what I needed. Overall, I found them very helpful and would highly recommend their services!

1 month ago

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Renee

I had a lot of questions, and the team answered them thoroughly and quickly, often within just a few hours. Everyone was incredibly nice and helpful, making my experience very enjoyable. Overall, it was a great experience with knowledgeable staff who provided excellent support.

1 month ago

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Walter

I had a great experience with the service! Rebecca Asher was fantastic and really helpful. Chris, the banker, was also impressive. I couldn't ask for a better team to assist me. Overall, I felt well taken care of and appreciated their support. Highly recommend!

1 month ago

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Dustin

I had a great experience with the team. They were always responsive to my questions and returned my calls promptly. Everyone I interacted with was professional and excelled at their job, making the entire process easy and pleasant. Highly recommended!

1 month ago

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Priscilla

I had a fantastic experience with the team, especially Rebecca Asher, who was awesome and very responsive to my questions. Chris, the banker, was also impressive. The professionalism and expertise of everyone I dealt with made the process easy and enjoyable. Highly recommend their services!

1 month ago

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Jason

I had a fantastic experience! The team was incredibly nice, helpful, and proactive throughout the refinancing process. They ensured everything went smoothly and communicated effectively, making the transition effortless. Overall, it was a great experience, and I encourage them to keep up the excellent work!

1 month ago

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Linda

I had a great experience with the service! They addressed all my needs promptly and were incredibly helpful throughout the entire process. I felt guided and supported the whole way. Overall, I'm very satisfied with the assistance I received.

1 month ago

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Kimberly

I had an excellent experience with the service. They were incredibly helpful and guided me through the entire process, addressing all my needs promptly. I really appreciated their support and assistance throughout. Overall, I was very satisfied with my interaction and would recommend them!

1 month ago

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Dewey

I had a fantastic experience with my mortgage team, William and Philip. They were always available, reliable, and truly great people to work with. I appreciate their commitment to delivering on their promises and their professionalism throughout the process. Highly recommend their services!

1 month ago

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Melissa

I had a great experience with the service. They were very responsive, answering all my questions thoroughly within a short timeframe. However, I would have appreciated more transparency about the loan process upfront, as it felt more intensive than expected. Overall, I was satisfied with the assistance I received.

1 month ago

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Eric

I’ve always received prompt responses to my calls, which has been a great experience. The team that handled my mortgage, William and Philip, were fantastic. I had no issues at all and felt well taken care of throughout the process. Highly recommend their services!

1 month ago

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David

I had a very positive experience with AmeriSave Mortgage's customer support. The service was excellent, and I received the help I needed. I don't have any additional feedback to offer, as everything went smoothly. Overall, I'm satisfied with my interaction!

1 month ago

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Emanuel

I was impressed with the proactive approach taken to ensure a smooth refinancing process. Everything was well-communicated and easy to access, which made the transition seamless. However, customer support could use improvement, as responses took longer than expected. Overall, keep up the good work!

1 month ago

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Ellen

The team is composed of great people who are responsive and follow through on their commitments. However, I would appreciate more transparency about the collective process from the start, as the HELOC application felt more intensive than a regular mortgage. Overall, they provide good service, but clearer communication would enhance the experience.

1 month ago

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John

I had some concerns about communication before the closing, but overall, my experience was positive. I didn't need to interact much with the team, but they performed well when I did. I would recommend their services without hesitation.

2 months ago

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Anonymous

The service was incredibly responsive and supportive; they promptly addressed all my questions. However, it would be beneficial if they could simplify their processes for those who aren't computer literate, especially for older individuals. Overall, I had a great experience and would definitely use them again.

2 months ago

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Tony

I had a fantastic experience with the team. They were always available to answer my questions promptly, whether through calls, texts, or emails. The communication was excellent, and I felt well-informed throughout the process. Britt and Tracy were outstanding, making everything seamless. I highly recommend this company!

2 months ago

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Ryan

The customer service is prompt and helpful, but the website for payments could use improvement. It would be great to have an option for making partial mortgage payments online instead of mailing in forms. Overall, the people are fine, just wish the payment process was more user-friendly.

2 months ago

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Charles

I had an excellent experience with AmeriSave Mortgage. Their customer support was outstanding, keeping me informed throughout the process. This was my second mortgage with them, and I highly recommend their services to anyone looking for a reliable mortgage company.

2 months ago

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Thomas

I had an excellent experience with the team. They were always responsive, keeping me well-informed throughout the process. Britt and Tracy were outstanding, promptly answering any questions I had. Their dedication made everything easy and stress-free. Highly recommend their services!

2 months ago

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Kenneth

I had a great experience with the service. They were always responsive to my questions, whether through calls or messages, which made the process smooth. However, I think it would be beneficial for them to simplify things for those who aren't tech-savvy, especially older individuals. Overall, I highly recommend them!

2 months ago

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Ronald

I had a fantastic experience with the loan officer and agent. They were incredibly supportive and always prompt in their responses, making the process smooth and stress-free. The customer service exceeded my expectations, and I truly appreciated their dedication to helping me with everything I needed.

2 months ago

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Paula

The experience was fantastic overall, with everything meeting my expectations. However, there is room for improvement in communication. While I felt satisfied with the service, there were a few aspects that could have been clearer. Overall, I had a great time and would recommend it!

2 months ago

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Cody

Crystal Mangood provided outstanding support, making the experience very helpful and friendly. However, I was not satisfied with the explanation regarding the process with the checks and title company, as it left me feeling unclear and unhappy.

2 months ago

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Linda

The communication could use improvement as I felt left in the dark at times. Overall, my experience was excellent; everything went smoothly and I was very satisfied with the service. I have no major complaints, just a desire for better updates.

2 months ago

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Molly

I found the team to be very receptive and quick to address my concerns. They responded rapidly to any issues I raised and provided thorough answers. Overall, my experience was positive, with excellent responsiveness and support throughout.

2 months ago

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Jeffrey

The customer service is satisfactory, but the website for making payments is frustrating. It would be helpful to have an option for partial mortgage payments online, rather than having to mail in forms. Overall, while the support team is fine, the payment process needs improvement.

2 months ago

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Miriam

I had a wonderful experience with AmeriSave. The representatives were clear and incredibly helpful throughout the refinancing process. It felt like a blessing to work with such professionals, making everything easy and stress-free. I'm truly grateful for their assistance!

2 months ago

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Patty

I had a great experience with the support team. They were very helpful and always available when I needed assistance. The people I interacted with were genuinely good and supportive. I can't think of any negatives to mention. Overall, I highly recommend their service!

2 months ago

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Adeline

I had a wonderful experience working with Jenkins, the best mortgage person I've encountered. I've bought several houses, and his expertise made the process smooth and enjoyable. Highly recommend his services for anyone looking for reliable mortgage assistance!

2 months ago