AmeriSave Mortgage Review 2025
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- 50+ mortgage lenders reviewed and rated by our team of experts.
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Our Take
4.5
AmeriSave stands out for its rate buydown program, lowering your rate by 1% for the first year. However, it’s missing key tech like a mobile app. Interest rates are on the low side, but fees are higher than competitors’. Borrowers with low credit will find flexibility here.
Pros
- Offers a rate buydown program.
- Average interest rates are on the low side, according to the latest federal data.
- Accepts borrowers with credit scores as low as 500 for certain loan types.
Cons
- No mobile app.
- Average origination fees are on the high side, according to the latest federal data.
- Getting custom rates and applying for mortgage preapproval both require contacting a loan expert.
Lender | Min. credit score | Min. down payment | |
|---|---|---|---|
 Visit Lenderat NBKC at NBKC | 620 | 3% | Visit Lenderat NBKC at NBKC |
 Visit Lenderat New American Funding at New American Funding | 580 | N/A | Visit Lenderat New American Funding at New American Funding |
 Visit Lenderat Rocket Mortgage, LLC at Rocket Mortgage, LLC | 580 | 3.5% | Visit Lenderat Rocket Mortgage, LLC at Rocket Mortgage, LLC |
 4.0 Visit Lenderat GO Mortgage at GO Mortgage | 620 | 3% | Visit Lenderat GO Mortgage at GO Mortgage |
 Visit Lenderat Veterans United at Veterans United | 620 | 0% | Visit Lenderat Veterans United at Veterans United |
Full Review
At a glance: AmeriSave mortgage options
AmeriSave Mortgage Corporation is a nonbank lender based in Atlanta. Loans are available in all states except New York, as well as Washington, D.C.
🏠 Common mortgages • Fixed- or adjustable-rate • Conventional • FHA • VA • USDA • Jumbo • Rate and term refinance
🔑 Specialty loans • Loans for vacation or second homes • Renovation loans • Interest-only loans • Loans for self-employed borrowers • Conventional loans for manufactured homes
💵 Home equity • HELOC • Home equity loan • Cash-out refinance
» MORE: How to choose a mortgage lender
AmeriSave special offers and discounts
AmeriSave offers ways to reduce the costs of homebuying and refinancing. These include:
Lock & Drop: This temporary rate buydown program lowers your mortgage rate by 1% for the first year. It also includes a $750 credit toward closing costs on a future refinance with AmeriSave.
AmeriSave’s Realty Rewards rebate program: If you get a mortgage through AmeriSave mortgage and use an agent from the company’s real estate network to buy a home, you get cash back. The rebate ranges from $250 to $2,000, based on the sale price of the home. The real estate agent rebate is not available in every state.
What does AmeriSave specialize in?
A lender’s experience with your loan type can make a big difference. We looked at the latest federal data to find the types of mortgages AmeriSave handles most often.
Most of its loans are conventional or FHA. In fact, FHA loans make up a much larger part of AmeriSave’s business compared to most lenders we review at NerdWallet.
How we score AmeriSave mortgage
Each year, NerdWallet writers and editors dig into the latest data and independent research on mortgage lending. Then, we rate lenders based on categories that matter most to mortgage borrowers.
AmeriSave has a NerdWallet home loans rating of 4.5 stars overall. Here’s a breakdown of this year’s score.
Category | Star rating |
|---|---|
Average mortgage rates and fees | |
Mortgage rate transparency | |
Variety of loan types | |
Customer experience | |
Overall star rating |
Ah, so you’re the “read the fine print” type? We got you. Here’s how our scoring rubric works.
Average mortgage rates and fees (30%)
We review federal data (as reported by the lenders) and analyze mortgage lenders’ average fees and interest rates across all loan types. Lenders with the lowest average costs get the highest star ratings. Keep in mind: Loans that are easier to qualify for, like FHA loans, usually have higher rates and fees because lenders see them as a higher risk. Pro tip: Paying some fees upfront can sometimes lower your interest rate.
Mortgage rate transparency (25%)
We look at how easy it is to compare mortgage rates online. Lenders get higher transparency ratings if they show sample rates on their website. (Not all lenders do!) The best ratings go to lenders that offer interactive tools that let you customize a rate quote on your own.
Variety of loan types (25%)
There’s no one-size-fits-all mortgage. Lenders earn top ratings in this category when they offer a large variety of mortgage types. The more variety, the higher their score. A lender earns points for purchase and refinance; fixed and adjustable rates; FHA, VA or USDA loans; renovation or construction loans; and home equity loans or HELOCs.
Customer experience (20%)
How easy is it to work with this lender? Top-rated lenders offer helpful features like online applications, multiple ways to get support, a user-friendly mobile app and clear updates about the loan closing timeline.
AmeriSave Bonus points
AmeriSave earned bonus points for offering assistance to first-time home buyers, offering conventional loans for manufactured homes and accepting credit scores as low as 600.
AmeriSave mortgage reputation and customer experience
NerdWallet’s star ratings look at objective factors like rates, fees and loan options. To give you a sense of what the borrower experience is really like, we pulled the latest customer satisfaction scores from J.D. Power and Zillow, and we contacted the lender’s customer support.
2024 J.D. Power U.S. Mortgage Origination Satisfaction Study
758
out of 1,000
Above-average satisfaction score: average = 727.
Mortgage origination covers the application through closing.
Zillow Mortgage Lender Customer Rating
4.66
out of 5
Average rating as of the date of publication.
Rating reflects more than 3,000 customer reviews.
AmeriSave mortgage customer service options
Here’s how you can get in touch with AmeriSave.
Ways to reach AmeriSave
Physical branches . . . . . . 🚫 Phone support . . . . . . . . . ✅ Mobile app . . . . . . . . . . . . 🚫 Online chat (bot) . . . . . . . ✅ Online chat (human) . . . . ✅
🤓 Our Nerds say... more low-tech than most
Abby Badach Doyle, lead writer, mortgages
AmeriSave is one of a handful of lenders we review that doesn’t have a mobile app. It also doesn’t make customized mortgage rates available online, which adds friction when you’re shopping around for quotes. Neither of these things are dealbreakers. But if you live on your phone, other lenders offer better self-service technology.
» MORE: How to apply for a mortgage
Alternatives to AmeriSave mortgage
Our biggest tip: Get offers from at least three different mortgage lenders. Comparison shopping can save you thousands of dollars. You can get rate quotes yourself, or work with a mortgage broker to shop around on your behalf.
Carrington, another nonbank lender, dedicated more than half its business to FHA loans in 2024, according to the latest federal data.
LoanDepot offers flexibility to borrowers with low or bad credit scores.
» MORE: Best mortgage lenders
More from NerdWallet
NerdWallet’s overall ratings for mortgage lenders are evaluated based on four major categories: average mortgage rates and origination fees, rate transparency to consumers, variety of loan types (purchase, refinance, fixed and adjustable, for example) and customer experience. Among the factors we consider in these categories are: options to apply for home loans online, typical time to close, mobile app experience, level of detail about mortgage rates on lender websites, and NerdWallet’s own analysis of the rates and fees lenders reported in the latest available Home Mortgage Disclosure Act data. These and other items inform detailed rubrics, which generate ratings from 1 star (poor) to 5 stars (excellent). Read more about how we rate mortgage lenders here.
