FHA, VA, USDA
Helpful Favorable Review
Darrell Shuman Atlanta, GA
I contacted four mortgage companies and Amerisave was the only one that I could reach and get answers from in minutes. My loan originator Robert D always answered his phone. I never had to go through layers of automated voice answering. My loan processor was just as responsive and if the answer to my questions were not known immediately she would respond within the day. Amerisave was quick to meet my needs competitively. I would definitely recommend them.
2 weeks ago
Helpful Critical Review
Steven Murrieta, CA
Amerisave is the worst mortgage company I've ever dealt with in my life. I went through 99% of my loan submitting everything that they requested then all of a sudden no return phone calls when I did call I always talk to somebody different they were going to look into it they never looked into it it was the worst experience I ever had I would never refer them to anyone I knew or didn't know for that fact was a horrible experience the worst company I've ever dealt with
7 months ago
Helpful Favorable Review
Aliana Medina Los Angeles, CA
My experience with Quicken loans has been amazing! Mike R was our lender and he was so attentive and answered all my questions as a first time home buyer! We met all deadlines, we couldn’t have asked for a better experience
2 days ago
Helpful Critical Review
Party0f7 Macomb, MI
I did have a mortgage with Quicken Loans about 5 years ago but switched companies due to poor customer service on a regular basis. I hope that they have improved their attitudes and courtesy skills since I left their business.
1 month ago
AmeriSave and Quicken Loans are comparable in the mortgage products and services they provide. Let’s take a closer look at what each company has to offer:
While the length of time a mortgage company has been in business doesn’t necessarily indicate the quality of a company’s products and services, some homebuyers might prefer working with a company that has been in the business of lending mortgage loans for a longer period of time.
AmeriSave Mortgage has been operating since 2002, while Quicken Loans has been operating since 1985. Because Quicken Loans has been providing mortgage loans for almost 20 more years than AmeriSave, the company has been able to set itself apart from its competitors and become the largest lender in the United States.
Although AmeriSave hasn’t been in business for as many years, it has built trust and become a well-known mortgage lender in the industry.
AmeriSave and Quicken Loans both offer a variety of loan types:
It is beneficial that both companies offer government-backed loans options (FHA, VA, and USDA loans). However, if you’re looking to purchase a rural property, a USDA loan could be a good option for you and is only available through AmeriSave.
AmeriSave and Quicken Loans both provide updated mortgage rates on their websites. Quicken Loans even provides daily-updated rates for various loan types, as well as a trend graph, displaying rate trends from as little as one week up to one year.
The lowest-advertised rates are typically reserved for homebuyers with excellent credit and financial stability. If you would like to see what rates you qualify for based on your specific finances, you should prequalify with both AmeriSave and Quicken Loans to see which company could save you more on your mortgage.
AmeriSave and Quicken Loans both have online application processes.
Quicken Loans takes the process one step further with a three-tier approval that even includes a 90-day rate lock. The three tiers include the following:
In addition, Quicken Loans offers a $1,000 Verified Approval guarantee — if you don’t close for whatever reason based on the company’s review, Quicken loans will pay you $1,000.
Both AmeriSave and Quicken Loans offer rate and term refinancing, and cash out refinancing options. Neither company offers any home equity refinancing options, such as a home equity loan or home equity line of credit (HELOC).
AmeriSave and Quicken Loans both offer additional programs to assist homebuyers.
AmeriSave offers the following specialized programs:
Quicken Loans offer the following specialized programs:
Quicken Loans’ mortgage services are available nationwide. AmeriSave’s products and services are available in all states but New York.
AmeriSave has more than 1,200 reviews, 89 percent of which are 4-star or 5-star. Satisfied AmeriSave customers frequently mention the following positive aspects of their experience with the company:
Quicken Loans reviews, on the other hand, are widely varied. Approximately 64 percent of reviews are 5-star, while approximately 20 percent of reviews are 1-star. The most common complaint is of slow and uncommunicative customer service. However, positive reviews often highlight the following:
Rocket Mortgage and Quicken Loans are the same company. Quicken Loans recently changed its name to Rocket Mortgage, through which it originates and services all mortgages. QuickenLoans.com is still operational, but you’ll be redirected to Rocket Mortgage to begin your mortgage application.
AmeriSave is the #1 company on BestCompany.com, and 89 percent of reviews are 4-star or 5-star.
AmeriSave is a direct mortgage lender, originating and servicing loans in-house.
Quicken Loans is a direct mortgage lender, originating and servicing loans through Rocket Mortgage.
AmeriSave doesn’t disclose an exact closing timeline, but some customer reviews mention that their loan was closed within 25 days, significantly faster than the industry average of 40 to 65 days.
Quicken Loans can typically process and close on your loan within 30 to 50 days.
Although AmeriSave doesn’t disclose directly whether or not they sell loans, it is a common practice in the industry and it is likely that AmeriSave does sell loans.
Quicken Loans strives to service all the loans it originates, but the company can’t guarantee that your loan won’t be sold.