AmeriSave is one of largest mortgage lenders in the United States. It is based in based in Atlanta, Georgia and was founded in 2002. Although AmeriSave offers mortgages online, it also has branch locations in many states. AmeriSave is a FannieMae approved direct lender and a member of the Mortgage Bankers Association. AmeriSave offers loans in all 50 states and Washington DC.

AmeriSave prides itself for its transparency in costs and pricing. However, on August 12, 2014, AmeriSave, its affiliate, Novo Appraisal Management Company, and Patrick Markert, the owner of both companies, were fined $14.8 million in consumer refunds for deceptive advertising.

What Are AmeriSave Mortgage Rates?
AmeriSave offers rates starting at 3.011% APR for a 15-year fixed loan and 3.664% APR for a 30-year fixed loan. Borrowers who are eligible for VA loans can qualify for rates as low as 3.261% APR for a VA 15-year fixed loan.

These rates assume a $260k loan, a credit score of 740, and a loan to value rate of 80%. Remember rates can change daily. Click the link above to check AmeriSave’s latest prices.

What Types Of Loans Does AmeriSave Offer?
AmeriSave offers a full range of mortgage loans. These include

- Adjustable Rate Mortgages
- FHA Loans, including FHA Streamline
- 30-Year Fixed Mortgages
- 15-Year Fixed Mortgages
- Cash Out Home Mortgages
- VA Loans

The maximum loan amount for AmeriSave loans is $417,000.

How Does AmeriSave’ Work?
Applicants must download the loan documents from AmeriSave’s website. After completing, signing, and returning the documents, AmeriSave checks the application and confirms the information provided. Borrowers will need to pay for a property appraisal and a title search. Borrowers who meet AmeriSave’s credit criteria will be approved for the mortgage.

Applicants can also complete the application process without having a specific property in mind and receive a pre-approval certificate to use when shopping for a new home.

What Is AmeriSave’ Customer Satisfaction Rating?
AmeriSave has received mixed reviews from customers. SuperMoney reviews give AmeriSave a three-star rating. Some customers complain about a confusing loan process and being bounced from one agent to another. Other clients praised how clear and transparent pricing was with AmeriSave.

How Does AmeriSave Compare To Other Lenders?
- AmeriSave is a large mortgage provider that has funded billions of dollars in home loans.
- Its rates are competitive, and it offers a broad range of mortgage products.
- It has been fined for using a bait-and-switch mortgage-lending scheme that offered customers rates that were not available and for inflating prices for appraisals unfairly.

  • Intended Use
    Primary Home
  • Terms
    3,5,7,15 & 30 year
  • APR
    Starting at 3.011%
  • Max Loan
  • Initial Processing Fee
  • Institution Type
    Direct Lender
  • Primary Residence
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