AmeriSave Review (2026)
Rates, fees, customer service, and who this lender is best for — with a built-in payment calculator so you can run your own numbers.
AmeriSave
Online direct lender known for competitive everyday rates.
- Established
- 2002
- Headquarters
- Atlanta, GA
Sponsored. We may earn a commission at no cost to you.
Quick facts
| Loan types | Conventional, FHA, VA, USDA, Jumbo, Refinance |
|---|---|
| Minimum credit score | 600 |
| Minimum down payment | 3% |
| Best for |
|
Pros
- ✓Frequently advertises rates at or below the daily market average
- ✓Wide product mix including VA and USDA
- ✓Online application with phone-based loan officers as a fallback
- ✓Strong cash-out refinance product
- ✓Licensed in 49 states
- ✓Long operating history (founded 2002)
Cons
- −Origination fee structure is less transparent than online-only peers
- −Customer-service experience is mixed in third-party reviews
- −No physical branches
Rate competitiveness
AmeriSave consistently markets among the lowest published rates online. Real, personalized quotes can be slightly higher after fees are loaded in, so always compare APR, not just rate.
Fees
Origination and processing fees are average-to-slightly-higher than the most aggressive online lenders. Compare the Loan Estimate side-by-side against another quote before locking.
Customer service
Service is heavily phone-and-email driven. Reviews are split: many borrowers close smoothly, others report communication gaps. Pick a loan officer you connect with on the first call.
Bottom line
AmeriSave is worth a quote on any rate-driven shop. The advertised rates are real but the true cost shows up in APR, so compare full Loan Estimates. Best fit for borrowers who are comfortable steering a phone-based process.
Run your numbers before you apply
Plug your home price, down payment, and a target rate into the calculator below to see what your monthly payment would look like if you went with AmeriSave.
Loan details
Payment breakdown
- Principal & Interest$2,335
- Property Tax$450
- Home Insurance$150
Ready to find your real rate?
Compare personalized rates from top lenders. Most checks are a soft credit pull only.
Compare 5+ Lenders
See personalized rate quotes from multiple top lenders in one place.
- ✓Soft credit pull only
- ✓5+ competing rate quotes
- ✓Free, no obligation
Get Your Rate in 60 Seconds
Modern, fully online lender with fast pre-approvals.
- ✓100% online application
- ✓Pre-approval in minutes
- ✓No origination fees on most loans
America's Largest Mortgage Lender
Established direct lender with a full range of loan products.
- ✓Wide loan-product selection
- ✓Full-service support
- ✓Highly rated for borrower satisfaction
Advertiser disclosure: cards above are sponsored. We may earn a commission when you compare lenders through our partners — at no cost to you. Compensation does not influence which lenders are shown.
AmeriSave FAQ
Is AmeriSave a legitimate mortgage lender?
Yes. AmeriSave is an established, regulated mortgage company headquartered in Atlanta, GA and operating since 2002. Like any lender, the right answer for you depends on rate, fees, and service — which is why we always recommend comparing at least two or three Loan Estimates before locking.
What credit score do I need to qualify with AmeriSave?
AmeriSave publishes a minimum credit score of around 600, though the lowest published score usually applies only to government-backed loans (FHA, VA). For the best conventional pricing, plan on 740+. If you're below 620, ask specifically about FHA options.
What's the minimum down payment with AmeriSave?
The minimum is 3% on the lowest-down product they offer. Putting less than 20% down on a conventional loan triggers PMI; FHA loans use MIP instead. Use our calculator above to see how the down payment changes your monthly payment.
Are AmeriSave's rates competitive?
AmeriSave consistently markets among the lowest published rates online. Real, personalized quotes can be slightly higher after fees are loaded in, so always compare APR, not just rate.
What fees does AmeriSave charge?
Origination and processing fees are average-to-slightly-higher than the most aggressive online lenders. Compare the Loan Estimate side-by-side against another quote before locking.
Who is AmeriSave best for?
AmeriSave is best for: Rate shoppers comparing direct lenders; VA and USDA borrowers; Refinance and cash-out refinance shoppers. Borrowers outside those profiles should still get a quote and compare against at least one marketplace and one direct lender.
How do I compare AmeriSave against other lenders?
Get a Loan Estimate (the standard 3-page disclosure every U.S. lender must provide) from AmeriSave and at least two other lenders within the same 14-day window so the credit pulls count as one inquiry. Compare rate, APR, lender fees on page 2, and total cash-to-close. Use the calculator on this page to model the monthly payment for each scenario.
Compare other lenders before you decide
Always pull at least two competing Loan Estimates — even a 0.125% rate difference saves real money over 30 years.
Compare 5+ Lenders
See personalized rate quotes from multiple top lenders in one place.
- ✓Soft credit pull only
- ✓5+ competing rate quotes
- ✓Free, no obligation
Get Your Rate in 60 Seconds
Modern, fully online lender with fast pre-approvals.
- ✓100% online application
- ✓Pre-approval in minutes
- ✓No origination fees on most loans
America's Largest Mortgage Lender
Established direct lender with a full range of loan products.
- ✓Wide loan-product selection
- ✓Full-service support
- ✓Highly rated for borrower satisfaction
Advertiser disclosure: cards above are sponsored. We may earn a commission when you compare lenders through our partners — at no cost to you. Compensation does not influence which lenders are shown.