AmeriSave offers a diverse range of mortgage-related products. As well as providing mortgage purchase loans covering a wide range of needs, it also gives you the chance to refinance existing loans or tap into your built-up equity.
AmeriSave Mortgages Terms & Requirements
AmeriSave offers a wide range of loans, including for home purchase, mortgage refinancing, and home equity loans. They cover everything from VA loans to Jumbo and FHA loans. For most loans, you will need to have a credit score of at least 620, but this can drop to 600 in certain cases.
An appraisal on the property will usually need to be done, while AmeriSave does not cater to purchases of manufactured or mobile homes. You need to be a permanent US resident or citizen. Generally, all of the terms and requirements appear to be quite fair.
Qualification Requirements
Amerisave’s qualification requirements are rather basic, as follows:
- Minimum credit score of 620 in most cases
- Must be at least 18 years old
- Needs to be a US citizen or permanent resident
- Needs to show capacity to repay
Application Steps & Time Frames
After you register on their website, Amerisave will assign a loan originator to your case that will help you finalize any relevant documents or answer any questions you may have. All of the relevant documents can be submitted online. Typically, it will take about 25 days for a loan with AmeriSave to close after the rate gets locked in.
State Availability
Available -
Alabama,
Alaska,
Arizona,
Arkansas,
California,
Colorado,
Connecticut,
Delaware,
Florida,
Georgia,
Hawaii,
Idaho,
Illinois,
Indiana,
Iowa,
Kansas,
Kentucky,
Louisiana,
Maine,
Maryland,
Massachusetts,
Michigan,
Minnesota,
Mississippi,
Missouri,
Montana,
Nebraska,
Nevada,
New Hampshire,
New Jersey,
New Mexico,
North Carolina,
North Dakota,
Ohio,
Oklahoma,
Oregon,
Pennsylvania,
Rhode Island,
South Carolina,
South Dakota,
Tennessee,
Texas,
Utah,
Vermont,
Virginia,
Washington,
West Virginia,
Wisconsin,
Wyoming,
Not Available -
New York,