Best Company Guarantee AmeriSave Mortgage Logo

AmeriSave Mortgage

star star star star star_half

9.9

Overall Score

error This company may not service all states.
See states serviced
LAST UPDATED: September 20th, 2023

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

thumb_up

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.”

Review Icon

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.

Review Icon

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.

Visit Site

thumb_down

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.

gavel

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.

Was this content helpful?
thumb_up Yes thumb_down No

We'll Introduce You!

Call our recommended rep over at AmeriSave Mortgage below.

1-(877) 401-1722
bestcompany guarantee

Best Company guarantees your satisfaction if you choose a company that has earned this distinction. If you're not satisfied after 30 days, simply let us know and we'll give you $200. Yes, it's really that simple.

Learn More About Our Guarantee

Star Rating

4.6

star star star star star_half

2,086 Reviews

Review Breakdown

5 grade

79%

4 grade

12%

3 grade

3%

2 grade

1%

1 grade

5%

Sentiment Criteria

Value

star star star star star_half

Quality

star star star star star_half

Service

star star star star star_half

Trustworthiness

star star star star star_half
cancel

Filter by:

arrow_drop_down

Sort by:

arrow_drop_down
info
star star star star star

Daniel Castaneda Portage, IN

Definitely the easiest and most enjoyable refinance I have ever completed. Xavier and his team were friendly and very attentive to my needs. I thought so highly of the experience I referred a co-worker to Xavier and he shares the same experience. Thank You!!!

3 years ago

star star star star star

THIERNO NDIAYE Farmington, MI

“Connie W and Tim A were very responsive, helpful and always ready to support. Very professional and courteous! The Refinance process was easy, quick and very smooth. I like the fact that everything is pretty much handled electronically with a very efficient and interactive website easy to use. Highly recommended. Amerisave is the way to go!!!!”

3 years ago

star star star star star

Suzan Wallack Slinger, WI

My Husband and I had a wonderful experience working with BJ . AmeriSave Mtg Corp , BJ work with us to re-finance our home. BJ was informative, extremely thorough and attentive to our financial needs. Making sure that we would be getting the best rate possible. We would highly recommend BJ and AmeriSave Mtg Corp .

3 years ago

star star star star star

Vance Gabbart Reno, NV

Amerisave, was professional, fast, efficient and did exactly what they said they would in regards to fees. Tim and Karen were a pleasure to work with.

3 years ago

star star star star star

Seyan Lucero Denver, CO

The process was very easy. They called and worked with me right away to get the rates that I wanted. They showed me many options to consider so I could make the best choice possible. They are very responsive to my questions. The closing was set up quickly and smoothly.

3 years ago

star star star star star

Randy Barker Eagle River, AK

Closed our refinance loan a few days ago. Totally professional service. Customer oriented. Made the whole process easy. Great experience with AmeriSave.

3 years ago

star star star star star

Albert A DeMuth Jr Redding, CA

I appreciated the assistance I received through the entire process. I was never left on my own nor expected to understand and enterprit the volumes of paper work involved. This was all done electronically.

3 years ago

star star star star star

Tammy Stewart Kennesaw, GA

I was appreciative of the very quick response by Amerisave to my request for refinance. Amerisave's website made it easy to send in information and directly connect with my bank. The Amerisave staff took the time to explain everything in detail and always quickly responded to any questions I had. They made the refinance of my home very quick and easy and I was given a much better interest rate than other banks could offer.

3 years ago

star star star star star

John C Speer Phoenix, AZ

The service I received from all of the employees I worked with was exemplary.

3 years ago

star star star star star

John Wayne Stephens High Point, NC

I recently refinanced my home with Amerisave Mortgage, Brandon D represented me for the processing steps. This was a trouble-free refinance ending with a great interest rate.I thought I was going to have trouble proceeding with the loan because during the time the processing was being done I ended up with covid 19 but everything continued along smoothly.. I think I might have been the first virtual refinanced closing ever and John G took care of all the signing the processing and getting me the paperwork and having me sign it , he followed all the safety protocols for safety from the virus.I can't thank AmeriSave and everyone concerned all the way to the processor making sure everything was correct for closing. I love my new interest rate thank you John Wayne

3 years ago

star star star star star

JDP Weaverville, NC

As seniors, we needed some help dealing with our online REFI request! Our Senior Loan Originator Tim A made it very easy for us - from the original contact by phone to our happy closing on 08/04/2020. He is a real professional who asked the right questions, handled everything quickly and in a manner we understood. The designated Processor - Sara T - was also of big help. Both my wife and I can highly recommend AmeriSave Mortgage Corp.and it's officer/employees.

3 years ago

star star star star star

Phil McMillan Smyrna, TN

Excellent mortgage refinancing experience. Top notch customer service during the process. Highly recommended.

3 years ago

star star star star star

Laura Trumbo Orem, UT

Our refinance process was quick, straightforward, and simple. All of my questions were answered quickly and everyone we interacted with was very kind and helpful. I shopped around a bit for our refinance, and Amerisave was not only by far the best deal, they were the only place that actually took the time to answer all of my questions. We had a nightmare loan process with another company when we purchased our home, so I was hesitant to try for a refinance. I’m so grateful to say this experience was completely different than our first loan. Highly recommend Amerisave.

3 years ago

star star star star star

Norman Joseph Imperial, PA

Ryan v made this process extremely easy, communicated effectively and helped me through out the process. I highly recommend Ryan to anyone that is looking for help with a mortgage (new or refinance)

3 years ago

star star star star star

K N Springfield, VA

Amazing experience and would recommend it. Very very knowledgable loan processor (Adam S), he took the time to answer all my questions and ran through all possible scenarios like break-even analysis for points consideration so I can make the best decision. The loan approval process is a breeze, they have a fully online and digital system to get signatures and forms processed ASAP.

3 years ago

star star star star star

MFR Charlotte, NC

Their rates are competitive, they are professional and the process is very transparent. I have now used them 3 times over the past 10 years.

3 years ago

star star star star star

Matthew O'Keefe Saint Paul, MN

From application to closing, our refi took 17 days. The rate we found with Amerisave was far and away the lowest. The process was easy, quick and painless. I’ve already recommended Amerisave to my friends and will continue to recommend them to anyone looking for a mortgage lender.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Jody Dudley, GA

They have the best mortgage business. I had no issues with their customer service

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star_border

Glen Alabaster, AL

Customer support answered the questions I needed answered.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Timothy Deatsville, AL

The staff and support team was wonderful. I would be very likely to recommend them to friends.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Hendrika Lincolnton, NC

I am definitely glad I did it because it was done very quickly though I am still waiting for a check to be dispersed to me and it has been about 4 weeks.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Victor Mc Kinney, TX

Seamless, it was smooth. It was a good experience with Amerisave.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Analise Alexandria, VA

They work great. It was quick, easy, and efficient. My loan originator was really helpful. Great experience, it was the right decision to get the loan.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Bryan Eugene, OR

The loan officer answered all my questions really quickly and efficiently. Along with being efficient, they were courteous. It was easy to get and they have the best prices.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Guthrie Prosper, TX

They have very good customer service. I was able to communicate with them over text, which was convenient. Obtaining the loan was an easy process. They did a good job. I am happy with them.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Donald Lubbock, TX

Communication was easy and always timely. They were the first to respond to my request and I am glad that it worked.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Danesa Sellersburg, IN

I would definitely use them again because the process was fast and the agent was able to answer all my questions quickly. I’ve had friends that have use other companies and they usually take much longer than mine did. It has been great.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Laura Phoenix, AZ

Better interest then others and good communication from my loan originator, who did a really good job servicing my account.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Thomas Traverse City, MI

Everything went pretty smooth. They were quick to contact if I needed extra information and to respond to any questions we had. The agent I spoke with when I was shopping was super knowledgeable and really helpful and we got good rates.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Douglas Gibsonia, PA

Matt Carter, who I was working with, explained everything about the process and kept things going well.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Leah Victorville, CA

They did the job and they did it promptly. They person was a go-getter who took care of things. I am glad I did it.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Anonymous Henderson, NV

It’s a good service with great communication.

3 years ago

star star star star star

Patrice Baugh New York, NY

Shane V is the best!!!! Shane V is the best!!!!! Excellent responsiveness!!! He is very trustworthy and knowledgeable!!!!!! So glad to be working with him on my refinance

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Jerry Green Valley, AZ

Great service! The person I was dealing with was excellent. Every time I had questions, they were answered in a timely manner.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star_border

Deirdre Matawan, NJ

They have the best rate. They are very helpful and communicate very well. There was a small delay in the beginning but it was finally closed successfully and I am happy with the end result.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Dustin Cypress, TX

AmeriSave was really thorough with everything that they did.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Katherine Coeur D Alene, ID

I am happy with their services. They are quick and professional. It was seamless obtaining the loan and they offered the best rate.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Segundo Charlotte, NC

Very convenient online banking. It is very accessible. I am glad I did. It is the best internationally on the market.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Brandon Gwynn Oak, MD

I was referred to Amerisave by a friend and I am definitely glad I chose them. They are very responsive. Pretty much everything is online which is convenient and it works around your time.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Dexter Chicago, IL

Support is very professional and accurate. They keep you informed. I am very satisfied.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Eric Windsor, CO

It was quick to get everything closed. They were great to work with because they were informative and responsive when I had questions.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star_border

Anonymous Tooele, UT

They are great and have good rates but customer service could not get my correct loan documents to me for review.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Eric Ely, NV

We’re happy with amerisave but it does take a long time to get it all set on paper work but other than that the experience has been great.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Barbara Columbia, MD

I didn’t have to wait at all, it was very painless experience without much effort on my part. Working with them was very nice.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Jody Delray Beach, FL

They were offering very low interest rates that is why I chose them. I like that I can check the progress of my loans online. It was really good to be able to do that. My loan processor was able to answer all my questions when I needed. I am glad I did it.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Ricardo Boston, MA

The whole process was easy. You just download all the information they request online. They have great customer service. The representatives are very accessible and the loan processor, Sharmaine, was very pleasant to work with. She returned calls when you left a message.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Joseph Naples, FL

I do recommend them. I like the person that contacted me. Applying was quick and it went very smoothly.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star_border

H Indian Head, MD

Amerisave is convenient but I could not talk to someone personally in customer service, they wanted to call me back.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Daniel Glendora, CA

Best price and good process. It is very quick and easy. You just follow along with the computer. There are personal touches like test messages and they follow up. Also I saved a lot of money.

3 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Juan Orlando, FL

They were very thoughtful with everything. It was very neat to do everything online. The process was very quick. Overall I am glad I dealt with them.

3 years ago