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AmeriSave Mortgage

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9.9

Overall Score

LAST UPDATED: October 30th, 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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2,265 Reviews

Review Breakdown

5 grade

80%

4 grade

12%

3 grade

3%

2 grade

1%

1 grade

5%

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Verified Customer

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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!

2 weeks ago

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Verified Customer

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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!

2 weeks 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.

2 weeks ago

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Verified Customer

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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!

2 weeks 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.

2 weeks 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!

2 weeks 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!

2 weeks 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!

2 weeks 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.

2 weeks 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!

2 weeks 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!

2 weeks 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!

2 weeks 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!

2 weeks 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!

2 weeks 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.

2 weeks 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.

2 weeks ago

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Charles Strong

Mr. William M. and Ms. Shy K. were both professional, proficient, courteous, and personable! They were a great and extraordinary team to work with through the application process! Thank you, Amerisave for providing the consummate professionals!

6 days 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!

2 weeks 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.

2 weeks 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.

1 month 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!

1 month 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.

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.

1 month 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!

1 month 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!

1 month 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.

1 month 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.

1 month 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.

1 month 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.

1 month 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!

1 month 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.

1 month 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.

1 month 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!

1 month 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!

1 month ago

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Gloria

I had a great experience with the team. They were knowledgeable and kept me informed throughout the loan process, which was completed quickly. I didn't have any issues to report. Overall, I was very satisfied with the service I received and would recommend them to others.

1 month 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!

1 month ago

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Shawn

I had an excellent experience with my mortgage broker, Jenkins. He was incredibly helpful, always available to answer my questions, and made the process smooth. I've dealt with multiple brokers in the past, but he stands out as the best. Highly recommend his services!

1 month ago

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Theresa

I had an excellent experience with AmeriSave Mortgage. Their customer support was knowledgeable and efficient, getting my loan approved in just a few days. I have no feedback or additional comments to share, as everything went smoothly. Highly recommend their services!

1 month ago

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Jeanette

I had a great experience with the team. They were responsive and helped resolve any glitches we encountered, maintaining constant communication throughout. While there’s room for improvement in speed, the agents were well-trained, personable, and professional. Overall, an excellent job!

1 month ago

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Sandra

I had a fantastic experience with the team. They were incredibly responsive and helped resolve any issues we encountered. The agents I worked with were well-trained, personable, and professional. Overall, their excellent service made a significant difference in my experience.

1 month ago

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Adrienne Robinson

I recently had an outstanding experience with AmeriSave Mortgage Company. Their team demonstrated exceptional professionalism and expertise from the initial consultation to the closing process. My loan officer, Emily R, and my loan processor, Kimberly D, were incredibly knowledgeable, guiding me through every step and answering all my questions patiently and clearly. The online portal was user-friendly, making document submission and tracking the loan status hassle-free. Additionally, the communication was seamless, with timely updates and quick responses. The closing process was smooth and efficient, with no unexpected delays or issues. Overall, AmeriSave Mortgage Company exceeded my expectations, making what could have been a stressful process feel straightforward and manageable.

3 months ago

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Sonja

I had a very supportive experience with the service. Whenever I had questions, they responded promptly, which made the process smooth. Overall, it was a great experience, and I would consider using them again in the future.

1 month ago

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Eugenia

I had a fantastic experience with this company for my second mortgage. The customer support was excellent, with consistent communication and a truly supportive loan officer. I highly recommend them to anyone looking for reliable service!

1 month ago

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Pedro

The communication was good, as they were very receptive to my concerns and responded quickly to any issues I encountered. Overall, I had a positive experience and appreciated their attentiveness.

1 month ago

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Michael

I had a great experience with JR. He was respectful and kept his promises, calling back exactly when he said he would. It's refreshing to deal with someone who values communication and integrity. Highly recommend!

1 month ago

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Scott

Ryan exceeded my expectations and made everything incredibly easy for me. I had no issues with the service and felt completely satisfied. Overall, a great experience that I would recommend to others!

1 month ago

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Christopher

I found the service to be very helpful and friendly, but communication could be improved, especially before closing. Overall, my experience was satisfactory, though there were moments where I felt more information could have been shared.

1 month ago

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Libby

I had a fantastic experience! The support team was incredibly helpful and available whenever I needed assistance. They answered all my questions promptly and effectively. I can't think of any negatives. Highly recommend their service!

1 month ago

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Patricia

The service was decent, but there’s definitely room for improvement. While the pace was acceptable, I believe there are more efficient ways to handle things. Overall, it was satisfactory, but I hope for a quicker response in the future.

1 month ago

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Rhonda

I had limited interaction with their service, but my experience was mixed. Communication could definitely improve, as I often felt left in the dark. However, I can't deny that they did a good job overall. While there were some issues, I appreciate their efforts and would consider using them again.

1 month ago