Company Comparison Assistant

Choose two Mortgage Lenders companies to compare or see the Featured Comparisons listed below.

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7.9 Overall Score
4.1
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(598)
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9.9 Overall Score
4.6
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(1,870)
1-(877) 401-1722
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Overview

Quicken Loans

Minimum Down Payment

3%

Minimum Credit Score

620

Government-Insured Loan Types

FHA, VA

Average Time to Closing

30–50 Days

Time in Business

38 Years

AmeriSave Mortgage

3%

620

FHA, VA, USDA

25 Days

21 Years

Ratings

Quicken Loans

Overall Score
7.9 of 10
Review Score
4.1
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Value for Money
4.0
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Quality of Product or Service
4.0
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Company Trustworthiness
3.9
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Likely to Recommend
7.3 of 10

AmeriSave Mortgage

9.9 of 10
4.6
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4.6
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4.6
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4.7
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8.7 of 10

Pros & Cons

Quicken Loans

PROS

  • Licensed to lend in all 50 states
  • Daily updated mortgage rates available on website
  • Streamlined approval and loan process
  • Online application and mortgage management
  • Private mortgage insurance (PMI) payment options

CONS

  • No USDA loans
  • No home equity loan options

AmeriSave Mortgage

PROS

  • Online application process
  • Lower than average mortgage rates
  • Quick closing time (approximately 25 days or less)
  • Down payment assistance available

CONS

  • Not licensed to lend in New York
  • High origination fee
  • No home equity loan options

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