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AmeriSave Mortgage Review

ByNadav ShemerMar. 14, 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.

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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.

AmeriSave Mortgage AmeriSave Mortgage View Rates

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 6,938
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  • author
    9 hours ago
    Easy, efficient process - definitely recommend

    The process was all online (except final signing where they sent a notary to us), it was efficient, easy to navigate, and we are really happy. The real only issue throughout the entire process was that our closing paperwork said the funds would be disbursed on the 12th but it didn't actually get disbursed until the 14th. Given my current mortgage would be "late" if unpaid by the 15th, just required a bit more inquiring and concern on my part to be sure all was going through. That said, my loan originator (Melanie Pecor - she was great) went above and beyond to reassure me all would clear in time with no adverse outcomes (credit ding or late fees), and she conducted follow up with the closing folks to get further confirmation and close the gap. Would definitely recommend for anyone looking to refinance or get a new mortgage.


  • author
    8 hours ago
    The thing that needs to be changed is…

    The thing that needs to be changed is show exactly what you documents you need at 1 time to apply. Not a different document each time you upload it. This takes way to much time and is very agitating.


  • author
    9 hours ago
    Thank you.

    Thank you for your considerate and professional service.


  • author
    Svetlana Bylinin-Djibouti
    10 hours ago
    Refinancing process

    During refinancing process all steps were conducted according to schedule. Closing was easy, pleasant. We are very happy with service provided by AmeriSave and would gladly recommend them to others.


  • author
    13 hours ago
    Refinancing with AmeriSave was quick…

    Refinancing with AmeriSave was quick and easy. They gave very good support and help and got me a great rate. We are very satisfied.


AmeriSave Mortgage