AmeriSave Review
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AmeriSave Reviews

Andrew Omalley


Andrew Omalley

Variety of home loan products
Variety of home loan products
About AmeriSave

AmeriSave is a company that focuses on all things mortgage-related. It is one of the biggest US retail mortgage firms, operating in nearly every state. In operation for more than two decades, AmeriSave has served over 640,000 borrowers during that time.

One of its main strengths is its quick customized pre-qualification process and its flexible repayment arrangements. This AmeriSave review will look at all aspects of what the company brings to the table.









AmeriSave Mortgages Review

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 Highlights


$60,000 - $1,500,000


10-30 years




Min 5.746%


Min 5.746%


~25 days















Pros & Cons

  • Customized rates and quick pre-qualification
  • Diverse range of loan options
  • 3% minimum down payment on offer
  • Accurate quotes given
  • Application fee of $500

Mortgage Type

  • Mortgage Purchase
  • Mortgage Refinance
  • Fixed
  • Adjustable
  • Home Equity Loan
  • Home Equity Line of Credit
  • FHA
  • USDA
  • VA
  • Jumbo

AmeriSave Refinance Highlights


Min 6%


Min 6%

Pros & Cons

  • Flexible repayment terms
  • Streamlined online process
  • Quick time to funding
  • No hard credit check for pre-approval
  • Appraisal sometimes necessary

AmeriSave Home equity Highlights


Max $6

Pros & Cons

  • Fully online process
  • Personalized quote
  • Covers 49 states
  • Need to have at least 20% put down

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.

How to Apply

The entire pre-qualification process can be completed online, getting a quote within three minutes. You can quickly get a quote for your given situation to see what sort of rates and repayment terms you could get. 

Step 1

State validation

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.

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

Required Information

You’ll have to provide some basic details such as:

  • Social Security Number
  • Current address
  • Phone number
  • Total income
  • Names of those to be on the loan
  • Price of the home
  • The sum you wish to put down
  • Estimated annual property tax
  • Estimated annual home insurance premium

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.

Privacy & Security

AmeriSave has an A+ rating with the Better Business Bureau and has been around for over 20 years. They’re a Fannie Mae approved lender, Equal Housing approved lender, and have a five-star rating with Zillow.

AmeriSave protects user information through standard procedures, like using SSL to receive and transmit information in addition to firewall protection.

Customer Support

There is a good level of customer support available at AmeriSave. You have tons of great resources on the platform to learn from, as well as a knowledge center that contains the answers to many questions that might come up for you.

While there is no live chat option, you can use email support or ring the support team over the phone. Unfortunately, the phone lines are only open Monday to Friday and not over the weekend. The support team is very responsive and helpful when you engage with them, having a good reputation for quickly resolving matters.

Phone Support
8am-5pm EST

In Conclusion

AmeriSave is very good at what it does, having perfected its operations during it two decades in the mortgage space. With a great variety of loan products, quick pre-qualification, and flexible repayment terms, AmeriSave is favored by a large number of Americans.


Does AmeriSave offer 24/7 customer support?
No, the phone lines and email support teams do not work over the weekend.
Does AmeriSave cater to every state?
AmeriSave currently caters to 49 states, as well as Washington D.C.
Does AmeriSave have a good track record?
Yes, AmeriSave has been operating in the US market since 2002 and it has helped serve more than 640,000 customers since then.

AmeriSave Disclaimer

The advertised rates also assume the borrower fully documents income, assets and liabilities, escrows for taxes and insurance, and there is no subordinate financing. * While SSN and hard credit pull are not typically required in order to review your available mortgage rates and get pre-qualified, if you choose to continue and submit a loan application, AmeriSave will then request your consent to pull a full credit report in order to proceed.


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Andrew Omalley

Andrew is a freelance writer who has been crafting valuable pieces of content relating to personal finance for more than five years. Previously, he studied Economics & Finance at university and he has professional qualifications relating to financial advice.