AmeriHome
Is This Your Business?Author: Kaitlyn Short
AmeriHome Mortgage, a Western Alliance Bank Company, was founded in 2013 and has since built a large service network, providing financing solutions to over 400,000 homebuyers.
AmeriHome both originates and services residential home loans. A variety of loan types are available to homebuyers, including FHA and VA loan options.
Read AmeriHome Mortgage reviews below.
Top Ranked Companies
The Good
- Variety of Loan Types
- Free Instant Quotes
- Free Pre-Qualification and Pre-Approval
- Free Mortgage Checkups
- AmeriHome Rewards
- Online Mortgage Management
Variety of Loan Types
AmeriHome offers the following loan types:
- Conventional Home Loan — fixed rate loan with higher available loan amounts
- FHA Loan — more relaxed qualification requirements that can be a good option for first-time homebuyers
- VA Loan — specialized loan for active military and veterans
- Jumbo Loan — fixed rate loan for home purchases above conforming limits
- Cash-Out Refinance — access your home equity to pay off other expenses
- HomeReady® and Home Possible® Loans — an easier path to homeownership designed for first-time or low-income homebuyers.
While the loan type options listed above will satisfy the needs of most homebuyers, AmeriHome doesn't offer USDA loans which can be a better option for eligible rural homebuyers who would like to save more on their down payment.
Free Instant Quotes
The AmeriHome website offers a free instant rate quote when you provide some basic personal information. AmeriHome ensures that your information is secure, and no credit check is required for a rate quote.
Free Pre-qualification and Pre-approval
AmeriHome offers both free pre-qualification and pre-approval. Pre-qualification provides you with the budget that you will have to buy your home, and pre-approval allows you to show a home seller that you have secured financing when putting down an offer on a home.
Free Mortgage Checkups
AmeriHome will stay in touch and evaluate your mortgage every six months to help you stay on track with your home financing and overall financial needs.
AmeriHome Rewards
As an AmeriHome customer, after financing or refinancing your home one time, you can save $1,295 on all future refinances or home purchases with AmeriHome.
Online Mortgage Management
Through AmeriHome's online customer portal you can view and manage your loan, as well as make payments. In addition, you can access escrow, tax, and insurance information.
The Bad
- Unlisted Mortgage Rates
- Not Available Nationwide
Unlisted Mortgage Rates
AmeriHome doesn't list mortgage rates on its website. While this isn't an uncommon practice, some lenders provide daily updated rates that can be helpful for prospective borrowers. However, you can get a free AmeriHome mortgage rate quote that will provide you with a more personalized estimate of the rates you may expect.
Not Available Nationwide
AmeriHome is licensed to lend in the following 22 states:
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The Bottom Line
AmeriHome Mortgage originates, and purchases and services home loans. It offers free rate quotes, free pre-qualification, and free pre-approval, all of which can help you close faster and purchase your home. Once you've purchased your home, you can easily manage your mortgage through AmeriHome's online portal.
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Jennifer Coman Jackson, TN
2 years ago
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Ken Harrison Mount Pleasant, TX
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