Last Updated: 02/02/2026
AmeriSave Home Purchase
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Last Updated: 02/02/2026
SuperMoney User Recommendation Score +63
Strongly recommended30 total votes
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Highlights
Community Rating
Strongly recommended
Credit Score Range
Starting at 620
Amount Range
$60,000 - $2,500,000
No Origination Fee
Loan Term (Years)
3 - 30
Number of Reviews
AmeriSave Home Purchase Review
AmeriSave Home Purchase is offered by Amerisave Mortgage Corporation (NMLS #1168), a direct lender founded in 2002 and based in Sandy Springs, GA. Amerisave Mortgage are available in 49 states and Washington, DC.
Key Takeaways
- Lock & Shop rates. AmeriSave offers a 90-day certified Lock & Shop interest rate that protects you from rate hikes while you’re shopping for a house. The locked rate does not require a signed purchase contract and is not subject to 30-year conventional loan restrictions, which gives you more flexibility.
- Certified Approval Letter. AmerSave issues a Certified Approval Letter within hours after you’re approved so you can begin shopping for a home. The Certified Approval Letter verifies that your income and credit history meet the loan underwriting standards, which shows the seller you’re able to follow through on the home purchase.
- Wide selection of mortgage programs offered. AmeriSave Home Purchase offers FHA, USDA, VA, jumbo, conforming, and conventional mortgages.
- Financing for single-family and multi-family properties. However, Amerisave Mortgage Corporation does not offer financing for manufactured homes.
- Refinancing for large mortgages. You can refinance mortgages with balances of up to $2,500,000 with AmeriSave Home Purchase.
- Non-standard interest rates available. AmeriSave Home Purchase offers adjustable-rate mortgages, hybrid mortgages, and fixed-rate mortgages.
- Investment and personal use properties considered. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
- No origination fees. AmeriSave Home Purchase does not charge fees for processing your application.
- Fair credit accepted. Borrowers with a credit score as low as 620 may qualify for AmeriSave Home Purchase.
AmeriSave Home Purchase Pros & Cons
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Amerisave Mortgage FAQ
How much can you borrow via Amerisave Mortgage Corporation?
Amerisave Mortgage allows borrowers to apply for loan amounts of up to $2,500,000. 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?
Amerisave Mortgage 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.
What mortgage rates does Amerisave Mortgage Corporation offer?
Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.
Do they charge mortgage origination fees?
No, Amerisave Mortgage 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 charge prepayment fees?
No, Amerisave Mortgage 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 are available?
Besides conventional mortgages, Amerisave Mortgage offers the following mortgage types:
- FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- Jumbo loans: Any mortgage with a loan amount above the conforming loan limits set by the Federal Housing Finance Agency.
- USDA loans: A zero down payment mortgage loan with low mortgage rates for suburban and rural homebuyers. The USDA doesn't require a minimum credit score, but most mortgage lenders require a minimum credit score of 640.
- VA loans: A zero down payment mortgage or a refinance of up to 100% of the home's value for American military members, veterans, and their spouses. VA loans offer competitive mortgage rates, and don't have a minimum credit score. However, the mortgage lenders that offer them will typically require a credit score of at least 640.
What property usage types does Amerisave Mortgage allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Amerisave Mortgage allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
- Investment properties and house flipping projects
What is the customer service phone number?
The customer service number for AmeriSave Home Purchase is (866) 970-7283.
What is the support contact email?
The support contact email for is customerservice@amerisave.com.
How do people rate the customer service and user experience?
Overall, this business is strongly recommended based on community reviews that rate customer service and user experience.
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Hours of Operation
Sunday
8:00AM - 9:00PM
Monday
8:00AM - 9:00PM
Tuesday
8:00AM - 9:00PM
Wednesday
8:00AM - 9:00PM
Thursday
8:00AM - 9:00PM
Friday
8:00AM - 9:00PM
Saturday
8:00AM - 9:00PM