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AmeriValue Reviews

8

bestfor-icon Comparing Products From Hundreds of Home Loan Lenders

andrewo
Written by Andrew Omalley

About AmeriValue | Read More

8

LS Score

7

Credibility

7

Support

10

Accessibility

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Contact Information Contact Information drop-down-btn
  • LeadPoint, Inc. dba SecureRights, 5717 Legacy Drive, Suite 250 Plano, TX 75024
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AmeriValue Mortgages Review

AmeriValue is an online platform that showcases a wide range of different options for home mortgage purchase, refinance, and home equity loans. This means that users can shop around and find the lowest rates for their particular needs. It works with hundreds of reputable lenders, ranging from local institutions to large nationwide banks.

All you need to do to get started is follow the steps in the interactive online form and you’ll be presented with options tailored to your specific needs. This entire process only takes a matter of seconds and AmeriValue doesn’t charge you at all for its service.

AmeriValue Mortgages Highlight

580

Min Credit Score

Varies By Lender

Repayment terms

Yes

Soft Credit Pull

Marketplace

Lender Type

Varies By Lender

Underwriting Fee

None

Other Fees

Varies By Lender

Origination Fee

Varies By Lender

Prepayment Fee

31752045

NMLS

Pros & Cons

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  • con-icon Access to a long list of reputable lenders
  • con-icon Quick process to see the available options
  • con-icon No hard credit check on the marketplace
  • con-icon Ability to get a wide range of loan terms
  • con-icon Not a direct lender
  • con-icon Doesn't have the best customer support

Mortgage Type

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  • Mortgage Purchase
  • Mortgage Refinance
  • Fixed
  • Adjustable
  • Home Improvement
  • Home Equity Loan
  • Home Equity Line of Credit
  • FHA
  • USDA
  • VA
  • Jumbo
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AmeriValue Mortgages Terms & Requirements

As AmeriValue is a marketplace that lists hundreds of different lenders, there are no hard and fast rules when it comes to loan terms and requirements. You have to take each individual lender on its own merits.

You’ll typically have access to a large range of different mortgage-related loans. As well as the coverage for home mortgage purchase, home equity, and refinance loans, there will be support for individual products like conventional loans, jumbo loans, VA, FHA, USDA, and HELOC, as well as reverse mortgages and cash-out refinance. There truly is going to be an option for every possible need.

The rates that you get can vary from fixed to variable and there’s a big range in the exact rates that you will get and their respective repayment terms. You will normally need to have a credit score of at least 580 and ideally 620 or greater to get a loan from one of the lenders.

How to Use AmeriValue

The initial process of seeing the rates that are available from the long list of lenders that AmeriValue works with only takes a matter of seconds.

Go to the AmeriValue website and you’ll instantly be faced with an interactive form that allows you to tell the marketplace exactly what you’re looking for. You don’t need to enter your Social Security Number at this point and you won’t be subject to a hard credit check either.

You start by choosing which type of loan you’re seeking and the type of property it is. Then you provide details about the property, such as its estimated value, your down payment, and what you’ll be using it for. Then there are some personal finance questions you need to answer before finishing by providing your contact details.

AmeriValue Step 1 - Type of Loan
Step 1

Choose Type of Loan

AmeriValue Step 2 - Property Description
Step 2

Describe Property Type

AmeriValue Step 3 - Credit Rating
Step 3

Choose Your Credit Rating

AmeriValue Step 4 - Found a Home
Step 4

Have You Already Found a Home?

AmeriValue Step 5 - Type of Property
Step 5

Type of Property

AmeriValue Step 6 - Home Value
Step 6

Home Value

AmeriValue Step 7 - Down Payment
Step 7

Down Payment

AmeriValue Step 8 - Loan Type
Step 8

Loan Type

AmeriValue Step 9 - Bankruptcy Questions
Step 9

Bankruptcy?

AmeriValue Step 10 - Income Verification
Step 10

Income Verification

AmeriValue Step 11 - Late Payments
Step 11

Late Payments Inquiry

AmeriValue Step 12 - Military Service
Step 12

Military Service Inquiry

AmeriValue Step 13 - Banking or Credit Account
Step 13

Banking/Credit Account Inquiry

AmeriValue Step 14 - Location
Step 14

Location of Property

AmeriValue Step 15 - Personal Info
Step 15

Personal Info and Sign-Up

Once you finish filling out this interactive form you will be presented with the list of options. You can shop through the choices and decide which one best suits your situation.

Then when you like the look of a particular option, you can go ahead and submit an official application with that specific lender. Sometimes you will receive phone calls from prospective lenders after submitting this initial form.

The exact process at this point varies by lender. Typically you will need to fill out a form outlining all of the typical personal information and details about the home you’re looking to purchase, refinance, or tap into its equity. You’ll have to upload certain documents for verification and the lender will then process your application.

There will usually be a hard credit check at this point to judge your creditworthiness. If all goes well, you’ll get approval for your desired home mortgage loan. The time to funding will once again depend on the given lender.

Qualification Requirements

As AmeriValue is an online marketplace, it works with a long list of lenders, each of which will have its own distinct qualification requirements. Therefore, you only have a few rules that remain constant across the board:

  • Minimum credit score of 580
  • Must be at least 18 years old

Requirement

Amount

Min. Credit score

580

Min. debt-to-income ratio

Varies By Lender

Min. annual income

Varies By Lender

Min. age of borrower

18

Citizenship/residency

Varies By Lender

Required Information

You don’t need to provide any documents when you’re filling out the AmeriValue online form. It is only when you go to submit an official application with a specific lender that you find from the marketplace that you will need to provide documents.

These can include proof of your current address, photo ID, income verification, and more.

Application Steps & Time Frames

As AmeriValue is a marketplace, the time it takes to complete the various steps varies. Here’s a brief look at what you can expect when you go through the process:

  • Compete the AmeriValue interactive form (2-3 minutes)
  • Select a loan product that fits your needs (15-20 minutes)
  • Submit an official application form (10-15 minutes)
  • Await approval (Instant-6 weeks)
  • Get your funds (Instant-6 weeks)

State Availability

Available - Alabama, Arizona, Arkansas, California, Delaware, Florida, Illinois, Iowa, Louisiana, Maine, Maryland, Michigan, Minnesota, Mississippi, Nebraska, New Hampshire, New Mexico, New York, North Dakota, Oklahoma, Oregon, Pennsylvania, South Dakota, Tennessee, Texas, Vermont, Virginia, Washington, West Virginia, Wyoming

Not Available - Alaska, Colorado, Connecticut, Georgia, Hawaii, Idaho, Indiana, Kansas, Kentucky, Massachusetts, Missouri, Montana, Nevada, New Jersey, North Carolina, Ohio, Rhode Island, South Carolina, Utah, Wisconsin

andrewo
Written by Andrew Omalley facebook-icon twitter-icon

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.

Customer Support

There isn’t a ton of information on the AmeriValue website, so you won’t be able to check out an FAQ section or information page if you’re looking to learn a bit more about what AmeriValue does.

There is an online email form that you can use to contact the support team with any questions that you might have. Typically, you can expect to get a response within 24 hours during the working week.

You won’t find any live chat, telephone support, or social media pages for AmeriValue as it likes to keep everything very simple.

Privacy & Security

AmeriValue is an Equal House Lender, and it makes sure to protect any personal data that a person shares when filling out the interactive form on the website. This is achieved by the use of encryption technology and it only shares your information when it is appropriate to do so.

AmeriValue aims to only work with the most reputable lenders and you can see a comprehensive list of all the different companies it works with on the website. It will only be members of this network that will be able to contact you.

AmeriValue’s parent company Leadpoint Inc. has been in business since 2001, but it does not currently have an accreditation with the Better Business Bureau.

In Conclusion

AmeriValue certainly delivers on its goal of matching people who are looking for home purchase mortgage loans, want to tap into their existing equity or refinance their mortgage loan with reputable lenders.

There’s a great mix of reputable institutions that AmeriValue partners with and the entire online process takes a couple of minutes, so you don’t have to waste time looking at each individual lender in a painstakingly slow manner.

Brand Disclaimer

Amerivalue is an online news and information service providing editorial content and directory information about mortgages and loans. Amerivalue is not a lender or mortgage broker and does not offer loans or mortgages directly or indirectly through representatives or agents.