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AmeriSave Mortgage Corporation Home Purchase

in Home Purchase Mortgages from Amerisave Mortgage Corporation · NMLS ID #1168

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AmeriSave Mortgage Corporation Home Purchase

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in Home Purchase Mortgages from Amerisave Mortgage Corporation · NMLS ID #1168

SuperMoney Net Recommendation Score +33

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly recommended by SuperMoney users with a score of +33, equating to 3.7 on a 5 point rating scale.

+33

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Mostly recommended

4 users recommend
0 users are unsure
2 users don't recommend
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Highlights
Community Rating Mostly recommended
Loan Amount $60,000 - $2,000,000
Loan Term (Years) 3 - 30 years
Number of Reviews 6

AmeriSave Mortgage Corporation Home Purchase Review

AmeriSave Mortgage Corporation Home Purchase is offered by Amerisave Mortgage Corporation (NMLS #1168), a direct lender founded in 2002 and based in Atlanta, GA. AmeriSave Mortgage Corporation Home Purchase is available in 49 states (and Washington, DC).

AmeriSave Mortgage Corporation Home Purchase FAQ

How much can you borrow via AmeriSave Mortgage Corporation Home Purchase?

AmeriSave Mortgage Corporation Home Purchase allows borrowers to apply for loan amounts of up to $2,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.

What is the maximum loan term you can get with AmeriSave Mortgage Corporation Home Purchase?

AmeriSave Mortgage Corporation Home Purchase offers mortgages with terms ranging from 3 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

Does AmeriSave Mortgage Corporation Home Purchase charge a mortgage origination fee?

No, AmeriSave Mortgage Corporation Home Purchase does not charge a mortgage origination fee.

Some lenders charge an origination fee for processing, underwriting, and funding a mortgage. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does AmeriSave Mortgage Corporation Home Purchase charge prepayment fees?

No, AmeriSave Mortgage Corporation Home Purchase does not charge prepayment fees. This means you will not have to pay additional fees if you decide to repay the mortgage early.

What mortgage programs does AmeriSave Mortgage Corporation Home Purchase offer?

AmeriSave Mortgage Corporation Home Purchase offers the following mortgage types:

  • Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
  • FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
  • Jumbo: Any mortgage with a loan amount above the conforming loan limits set by Fannie Mae and Freddie Mac. As of 2018, the jumbo threshold is $453,100 in most of the United States.
  • Conforming: Mortgages that meet the loan requirements of Fannie Mae and Freddie Mac. These have fixed rate terms of 10 to 30 years and adjustable rate terms ranging from 3 to 10 years. Down payments as low as 5%.
  • USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
  • VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.

What property usage types does AmeriSave Mortgage Corporation Home Purchase allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. AmeriSave Mortgage Corporation Home Purchase allows the following property usage types: 

  • Primary home
  • Secondary homes and vacation properties
  • Investment properties and house flipping projects
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Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:00am - 5:00pm
  • Tuesday 8:00am - 5:00pm
  • Wednesday 8:00am - 5:00pm
  • Thursday 8:00am - 5:00pm
  • Friday 8:00am - 5:00pm
  • Saturday Closed

Other Services by Amerisave Mortgage Corporation

Availability

  Available in 49 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • 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

Feature Breakdown

No Origination Fee
No Prepayment Fee
Credit Score Range 550 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Intended Use
  • Investment
  • Primary Home
  • Secondary Home
Joint Loan Applications Accepted
  • Co-borrower
  • Cosigner
  • Individual Applications
Property Type
  • Multi-Family Home
  • Single Family Home
  • Townhome
Verification Documents Required
  • Recent Pay Stubs
  • Proof of Income
  • Proof of Identity
Primary Residence
Loan Amount $60,000 - $2,000,000
Loan Term 3 - 30 years
Interest Rate Types Offered
  • Fixed-Rate Mortgage
  • Adjustable-Rate Mortgage (ARM)
  • Hybrid Mortgage
  • Option ARM
Mortgage Programs
  • FHA
  • USDA
  • VA
  • Conventional Mortgages
  • Jumbo
  • Conforming
Terms 3/1, 5/1, 7/1, 10, 15, 20, 25, 30 years

AmeriSave Mortgage Corporation Home Purchase Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly recommended by SuperMoney users with a score of +33, equating to 3.7 on a 5 point rating scale.

+33

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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