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.
Basic info is required at this point in time, such as the price of the home you are looking to buy, where you’re looking to buy, and your current living situation. You will need to verify your identity during this process, which can be done via text message.
There will only be a soft credit check at this point in the process. Once you have submitted this info, you will usually be faced with a variety of different types of loans. If there is one you like, then you can click on this offer and proceed with the official application. Do not that there is a non-refundable $500 application fee in place.
You’ll be asked for a variety of information and you will also need to submit to a hard credit check.
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.