AmeriSave Mortgage Corporation Review 2025

AmeriSave Mortgage Corporation, an online mortgage lender, has funded more than $130 billion in home loans since its inception more than 20 years ago. It maintains its corporate headquarters in Atlanta and established a Third Party Origination (TPO) division to provide funding for mortgages to community banks, credit unions and mortgage brokers and bankers in 2010. 

Pros and cons of AmeriSave Mortgage Corporation

Affordability: 3.4/5

AmeriSave Mortgage Corporation scores 3.4 out of 5 stars for affordability. The lender doesn’t showcase current mortgage rates on its website, so unless you provide your contact info or reach out to a loan officer, it’s tough to figure out costs upfront.

• Interest rates: AmeriSave Mortgage Corporation doesn’t display mortgage rates on its website; you’ll need to fill out a form with your name and phone number and wait for a loan officer to contact you to determine eligibility and receive a quote. 
• Down payment: AmeriSave offers the gamut of mortgage types, including 3 percent conventional loans and no-down payment VA and USDA loans.
• Closing costs: AmeriSave Mortgage charges a flat $500 application fee and a $295 underwriting fee. That’s a departure from most lenders, which typically charge an origination equal to 1 percent of the amount you’re borrowing.

Availability: 5/5

AmeriSave Mortgage Corporation scores the full 5 stars for availability. The lender works with qualified borrowers across the U.S. on a wide range of loan products.

• Home loans offered: AmeriSave offers several mortgage types, including conventional, FHA, VA and USDA loans, along with options to refinance your existing mortgage. It also offers HELOCs to eligible homeowners.
• Footprint: AmeriSave Mortgage is available to borrowers in every state except for New York. 
• Where to find: You can apply for a mortgage with AmeriSave Mortgage online or by phone.

Borrower experience: 3.8/5

AmeriSave Mortgage Corporation scores 3.8 out of 5 stars for borrower experience. The lender has a robust website with lots of resources for homebuyers, but the lack of rate information might leave a difficult first impression.

• Preapproval and application process: AmeriSave Mortgage Corporation offers a “Ready Buyer” preapproval process to help you move quickly when you find the right home.
• Transparency: AmeriSave Mortgage doesn’t offer current rates or personalized quotes unless you provide your contact information.
• Customer service: You can reach AmeriSave Mortgage’s customer service team at 888-700-4026 Monday through Friday, 8 a.m. to 5 p.m. ET, or via email. 

AmeriSave Mortgage had an A+ rating from the Better Business Bureau and an “Excellent” rating from Trustpilot at the time of this review. However, it ranked below average in J.D. Power’s 2023 mortgage satisfaction survey.

What consumers say about AmeriSave Mortgage Corporation

On Bankrate, borrowers who’ve worked with AmeriSave Mortgage Corporation report that while the lender’s loan officers are “great,” “knowledgeable” and “professional,” the underwriting process needs improvement — several borrowers note that the lender caused their loans to fall through or a restart of the application process.

AmeriSave Mortgage offers both rate-and-term and cash-out refinancing options. Depending on your goals and your current mortgage, you could lower your interest rate, shorten your term to pay off your loan faster and/or turn your home equity into cash.

You can apply for a mortgage with AmeriSave Mortgage online or by phone at 866-514-7283. After you’ve received a quote and been in contact with a loan officer, you’ll need to upload documentation about your income, assets and debts. This includes pay stubs and W-2s and account and loan statements.