AmeriSave Mortgage Review

ByNadav ShemerJul. 15, 2021

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In a Nutshell

AmeriSave Mortgage Corporation is a full-service mortgage lender operating in 49 states and DC. Established in Atlanta in 2002, it has funded 220,000+ homes for a total value of nearly $60 billion. AmeriSave is known for offering streamlined online applications with the option of contacting customer support any time you need assistance.


  • Apply and submit forms directly online
  • Low rates, low fees
  • Get customized rates in 3 minutes with no SSN needed


  • No loans above $1.5m
  • Not licensed in New York State

AmeriSave Mortgage AmeriSave Mortgage View Rates

AmeriSave at a Glance

Direct lender or marketplace? 


Loan types: 

Purchase, refinance

Featured loans: 

Conventional, FHA, VA, and USDA mortgages

Repayment terms:

 10-30 years; 5/1, 7/1, or 10/1 ARM

Minimum Down Payment:    

3% for conventional
Minimum Credit Score: 600+ for most loans

Suitable for: 

When you need a straightforward loan application


AmeriSave is a major lender, with a variety of loan options for purchasing and refinancing.  These include conventional, jumbo, fixed, adjustable, and government-backed loans such as FHA, VA, and USDA loans. With each loan, you get a choice between fixed or variable rate and flexible repayment terms of 10, 15, 20, 25, or 30 years. Interest rates are competitive, and AmeriSave offers a range of calculators and tools to help you make an informed borrowing choice.

Suitable For?

This lender is great for straightforward applications. If you have all your paperwork in order and know where you’re buying/refinancing, then AmeriSave can help you get this done quickly.

AmeriSave Mortgage AmeriSave Mortgage View Rates

Types of Loans/Products

AmeriSave offers a selection of loans for purchase and refinance. While they are mostly focused on purchase and refinance loans, it does offer all the most common types of home loans.

Here’s the full breakdown of purchase options:

  • Conforming loans 
  • Jumbo loan, with loan amounts as high as $1.5 million
  • FHA, VA, and USDA loans, according to the usual rules

And here are the refinance options: 

  • Conventional rate-and-term refinance
  • Cash-out refinance

The Application Process

Potential borrowers can complete an application and lock in a rate via AmeriSave’s website, or over the phone or live chat with a licensed loan originator. The great thing about the AmeriSave service is it serves prospective home buyers too.

To begin the process online, you’ll need to fill out a short application form that takes about 3 minutes to complete. This includes details about yourself, where you live, and what type of home you are purchasing/refinancing. Once this information has been submitted, you’ll be presented with multiple, customized rate quotes that you’re pre-qualified for without requiring SSN or a hard credit check in most circumstances.

After receiving your pre-approved rate, you can go ahead and complete the rest of the process online where you will be required to submit a hard credit check. AmeriSave offers the option of securely uploading your documents to the portal and even e-signing them to expedite the process and an AmeriSave loan originator will be assigned to you to help answer any questions and finalize any documentations.

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Rates and Terms

With AmeriSave you get to choose between five different repayment terms: 10, 15, 20, 25, or 30 years. You can take a fixed-rate mortgage or an ARM with 5/1, 7/1, or 10/1 options.

Help & Support

To get in touch with AmeriSave, simply call or start a live chat online with a licensed loan originator. The company’s call centers are available toll-free Monday through Friday between 8:00 am and 8:00 pm ET. The company can handle the whole application and approval process by phone, and many customers do prefer this option. The support staff are well trained and able to answer our questions promptly and effectively. However, email responses can take between one and two business days. Customers can also find answers directly on AmeriSave’s website, which features an informative FAQ section.


Thanks to a fully in-house process and a variety of loan options, AmeriSave is a good choice for customers seeking a mortgage. The company offers both traditional mortgages and several government-backed loan options. More importantly, its variety of loan repayment terms give borrowers the flexibility to find the right choice for their impending home purchase or home refinance. A straightforward application process also helps customers close on their homes more quickly.

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Does AmeriSave offer local expertise? According to AmeriSave, it employs 2500+ mortgage professionals around the country. It has a presence in every state except New York, where it isn’t licensed to do business.

Does AmeriSave really not charge loan origination fees? Correct. Note that it does charge other common closing fees, including those mandated by law for government-backed loans.

Physical Address

AmeriSave Mortgage Corporation

3525 Piedmont Rd NE

8 Piedmont Center, Suite 600

Atlanta, GA 30305

AmeriSave Mortgage AmeriSave Mortgage View Rates

AmeriSave Mortgage customer testimonials

ExcellentReviews 8,479
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  • author
    Candace Pringle
    2 days ago
    Antwan was awesome to work with…

    Antwan was awesome to work with throughout the process. He had me closing within 3 weeks of our first phone conversation.


  • author
    Roger Beck
    10 hours ago
    Worst experience ever - total nightmare

    This was the worst experience ever. The loan officer dropped the ball TWICE! First he missed to request various documents (and then tried to put the blame on us by claiming that we never responded to any of his emails that he never sent), and then he forgot to order the appraisal in a timely manner! If it wasn't for our realtor, we would have missed our closing date! Plus, except for the initial call, the loan officer went MIA - never to be heard of again. Unacceptable! The loan processor wasn't that much better either, as he seemed to be completely overworked. In a rather snappish fashion, he never really knew the current status of our loan application, requested the same documents three and four times (!), and was extremely hard to reach. Overall, the entire process was a nightmare - and even after letting them know, AmeriSave neither apologized or showed the least bit of remorse, nor offered to make amends. If they had, I might have considered doing business with them again. Now I will stay away from them and never do another mortgage with AmeriSave again.


  • author
    Carrie Reddick
    2 days ago
    Very good customer service

    Very good customer service and very responsive. I highly recommend.


  • author
    Anna R
    2 days ago
    this was second time using AmeriSave WOULD NOT use it again

    this was second time using AmeriSave. Would I want to use it again? Probably not. There are a few helpful agents at AmeriSave but both of my experience with Loan Processor was very difficult. They were hard to talk to often times with attitude that lead to arguments instead of getting help. One example, processer asks for home insurance INVOICE. so I go buy and pay it full to get an invoice. I sent it over to him but I get closing disclosure at the closing desk with insurance amount sill to be paid. I contact him back asking why was this not added along with the record I sent it to him. Answer I get? You should've double checked it. Classic example. Very difficult to talk to and no customer service minded. On top of that no bonus with second time around.


  • author
    Lorna Stemarie
    2 days ago
    Great experience

    Mr. Forkner, my advisor, kept me up to date as to what the status of my refi was. If there were any problems or things I needed to correct he was on top of it. The whole process was smooth and I would recommend him and Amerisave to friends and family!


AmeriSave Mortgage