Features

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?
As of March 2016, AmeriSave offers rates ranging from 2.748% APR (15-year fixed) to 3.482% (30-year fixed). Borrowers who qualify for VA loans can qualify for rates as low as 3.0917% APR for a VA 15-year fixed).

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 a B+ rating with the BBB and 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 recently 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.

  • Max Loan
    $417000
  • Adjustable Rate
  • Fixed Rate
  • Home Equity Loans and Lines of Credit
  • Hybrid Mortgage
  • Jumbo Loan
  • Reverse Mortgage
  • Primary Residence
  • Estate/Trust/Retirement
SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Reviews

Write a Review

Sort by:

  • Rating
  • Date
  • Most Useful

0 votes

My husband and I were declined by Amerisave when we tried to refinance, for no particular reason that we can see. It was a very simple situation, and we both have excellent credit, so it shouldn't have been an issue. The worst part is that we worked with them for almost two months before this happened.


0 votes

Worst mortgage company! We worked with Amerisave for almost two months before eventually stopping the loan altogether. After that point, they had the audacity to provide us with a polite letter that declined us. It's unbelievable how long they take to work. I'm sure they're busy, but really? Two months?


0 votes

I am very dissatisfied with Amerisave Mortgage. I was initially attracted to them because they offered the lowest interest rates compared to my local banks. But once I applied, everything turned. I never got any calls back from them, and I ended up losing money on my closing costs. I'd stay away.


0 votes

Amerisave is a better company than lenders I have used in the past. I ran into a couple minor issues, but they took care of everything right way. We closed on time which was amazing. I thought they had excellent communication, which definitely expedited the entire process. I highly recommend Amerisave!


0 votes

I really liked working with Amerisave. My credit wasn't the greatest at the time (not the worst, but it should have been better) and they managed to get me a reasonable interest rate on my home loan. The team I worked with (my loan agent, her supervisor, and loan processor) were all wonderful. As a team, they did a great job.


0 votes

Amerisave makes getting a home loan stress free! I never thought I'd say that, especially after dealing with bad lenders in the past, but they really do. Both my loan officer and loan processor were excellent from beginning to end. It was a great experience and I'm very satisfied with them.


0 votes

My experience with Amerisave was not so great. I felt like a pawn, being moved from person to person. My first loan agent just gave all my information to the processor, but then refused to answer any questions when I contacted him. I couldn't believe that he just passed me on like that. Not the greatest in terms of customer service.


0 votes

There were a few bumps in the road with Amerisave, but all in all, they were okay to deal with. They disclosed all the necessary fees to me before any signing, so I knew what to expect. There was a little bit of a guessing game with my closing, which was a little annoying. They're an okay company. I'd go with them again.


0 votes

I just recently completed refinancing with Amerisave and I have to say, it was a nice experience. Everything went so quickly and it was all finished before I realized. The employees at Amerisave are also wonderful. They are always available for your call, and are extremely knowledgeable.


0 votes

I can't thank Amerisave enough for how easy they made refinancing my home loan. My agent was excellent and so was everyone I spoke to there. No smoke and mirrors, just quick, efficient service done by a reliable company. Their professionalism was also great. I highly recommend Amerisave.


0 votes

I'm pleased with Amerisave Mortgage. My husband and I refinanced and are now paying less on a monthly basis, which is exactly what we needed. The process was extremely easy and it was done mainly online. There were no issues and the Amerisave team we worked with had excellent customer service.


0 votes

I realized how great Amerisave was when they matched another interest rate I was offered. They were very pleasant to begin with, but that was just the icing on the cake. I couldn't have asked for a better interest rate. I now recommend Amerisave to all my family and friends in the market to buy or refinance.


0 votes

I'm honestly on the fence with Amerisave. I read plenty of good reviews but had a different experience. I ended up having to pay for two different appraisers in order to refinance. I also felt like I spent SO much time sending them documents when nothing was getting done. In the end, I decided to go with a different company. If they made it more efficient, I would have gone with them.


0 votes

If you're busy or on a time crunch, Amerisave is not the lender for you. I refinanced with them and it ended up taking them SO long to get anything done. I literally had to contact them regularly to make it go by faster. I feel like if I didn't call them, they would still be working on it. Not worth it.


0 votes

This company is cruel!! They kept locking and unlocking my rate, over and over again, dragging out the loan process. It took so long I almost lost the home I was interested in because of them. They are so terrible and I would not refer anyone to these people. Save yourself the hassle and get loans somewhere else.


0 votes

This is my second time refinancing a home in my life time and Amerisave made it easier than the first. All my calls were returned and questions were answered promptly. I liked doing everything online because it managed to save me time and was a lot more convenient for me. I'd recommend Amerisave.


0 votes

Amerisave is decent, but like many other companies, there is room for improvement. The main issue was communication. I felt like closing was so disorganized and that nothing I thought was going to happen, happened. I didn't feel prepared, and like they were rushing along. If they worked on this, they'd be a five star company.


0 votes

I would not recommend Amerisave to anyone in their right mind. I mean, honestly, they're awful. They offered us low rates on our loan but ended up taking so long without a lock that those rates quickly went away. They were not apologetic and blamed the length of time on how backed up they were. Waste of time!


0 votes

This company is super unreliable. There were many occasions during my refinance process that I was told one thing, then something else occurred. They don't live up to their promises. One example being that I was promised a preapproval bonus, but of course I haven't heard anything about it since.


0 votes

I own various rental properties and am continuously purchasing more, which is where Amerisave comes in. In total, I have used them seven times for loans and refinancing. Each time, they provide the same level of great service. I wouldn't go anywhere else. I keep going back, so they must be good!


0 votes

I have used Amerisave a total of two times in order to refinance my home, and both times were great experiences. Both my loan officers were super friendly and efficient when it came down to business. I couldn't recommend them more. They've helped me out on numerous occasions.


0 votes

I really did my homework when it came to researching home lenders, and I'm happy to report that Amerisave never went back on their original fees and rates they gave me. All the numbers were the same at closing. They're a solid company with a truthful, professional staff.


0 votes

I couldn't be more pleased with AmeriSave!! They helped me purchase my first dream home. I actually started a loan process with them, but that house fell through on the seller's side. Since I was already working with them, I got immediate approval for a different home I wanted. So happy with their service!


0 votes

It did take Amerisave a LONG time to process my loan, but in the end, I did save a ton of money. I was just refinancing, so I wasn't in a huge hurry. Although, if you are getting a first home loan, you may need to look elsewhere. If you have time, they are a great money saving option.


0 votes

Amerisave has great customer service and refinanced our home promptly. My only issue is that there were a few fees that seemed to come out of thin air during closing. Nothing major, but we definitely noticed. If they'd disclosed everything, they would have gotten a 5 star rating from us.


0 votes

The response time from Amerisave is incredible. All my calls we returned within minutes, and my emails were returned just as quickly. I mean, seriously, what company has that kind of response time?? It really just made my experience with Amerisave that much better because they were always on hand when I needed them.


0 votes

I refinanced with Amerisave after a long search for a decent lending company. It was a little frustrating that I had to send them multiples of the same documents because of errors made on their end, but all in all, it was a good experience. I would use them again, I just wish they correctly organized the documents the first time I sent them.


0 votes

I have read so many bad reviews about Amerisave, and I'm not too sure why. My experience was nothing but positive with them. Granted, I had everything prepared when they asked for it, so no delays were caused. They were always super professional and prompt when replying to me. Even with the negative reviews, I'd recommend them.


0 votes

Refinancing with Amerisave was a great experience. I submitted all the necessary documents online and that was that. I felt like everything was nice and systematic so I didn't run into any issues. The employees I worked with were very efficient and did everything in a timely manner. They were a good change from my original lender.


0 votes

I am not impressed with AmeriSave's website. I feel it is out of date for the modern times. Other than that, I have used them on countless occasions to service my home loans, personal and rental. They've always done well by me and I will continue to go back to them. Update the site and it will be perfect.


0 votes

I've never worked with such a sleazy company. They seemed peachy to begin with, but it all went downhill soon after. They sent my loan to a different company that's associated with them to process, and that company is just the worst. I can't say enough negative things about them. Buyer beware.


0 votes

Amerisave follows and conducts bad business with their terrible methods. After I applied, it took them a few months to let me know that they changed my loan. I wasn't familiar with this new loan type. Turns out, this new loan left me with much, much higher rates and a ton in closing costs. Nice bait and switch, Amerisave.


0 votes

I'm only a few weeks into my loan process with Amerisave, and I'm not too sure it is going all that well. The people there are not the nicest. They seem to only want to communicate via email, when phone calls are much quicker. They also keep asking for the same things over and over again. I'm a bit annoyed with them…


0 votes

I am pretty impressed with the amount of time it took Amerisave to close my loan! I refinanced and ended up getting a much better rate for a ten year mortgage. I am very happy with the fact that it took just under a month to complete. Didn't expect the quick service, but I was pleasantly surprised.


0 votes

I contacted Amerisave as a last resort because I felt like the other companies had rates that were too high and crazy fees. They did everything really quickly. I mean, in exactly one month, my loan was closed. They kept true to their word and gave me the best rates.


0 votes

Our experience with Amerisave was terrific. The only issue I had the entire time was when we went about a week without hearing from them. Then I contacted them and they requested a few more documents. We got them right away, and voila! No issues again. We'd recommend Amerisave.


0 votes

My refinance process went very smoothly with this company. I submitted an online app and got a call from them within hours. It's really convenient to do everything online, especially tracking the progress of your loan. I'm satisfied with their customer service, and my loan officer was pretty great, too.


0 votes

Amerisave is just horrible! The second it was possible, I refinanced with another company in order to get away from them. Seriously. They are the most incompetent bunch I have ever worked with. It seems like no one there is familiar with current market rates or any of the services they offer. Go somewhere else!


0 votes

I am completely convinced that Amerisave lied to me throughout my refinancing process. They *apparently* lost several documents of mine, in which I had to resend various times. The customer service department is the worst and they don't even think it's an inconvenience that you have to resend everything.


0 votes

This company isn't even worth your time. Honestly, they made the entire refinance process one huge, drawn out nightmare. It took over a month just to get to the underwriters, then they put me through the ringer. I've never had so many issues with a lender. I'm the perfect candidate for a loan, this shouldn't happen.

Load More Reviews

New Review for Amerisave Mortgage Corporation

Rate your experience:

Cancel

Other Home Loans companies