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How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

AmeriSave Mortgage Review

Updated on:
Content was accurate at the time of publication.


Lender rating: 4.5 out of 5

  Minimum credit score: 580

  Minimum down payment: 0% to 3.5%

  Available loan products and programs: Conventional, FHA, VA, USDA, jumbo, HELOCs

  Our verdict: AmeriSave is a good choice for homebuyers or refinancers looking for a wide variety of financing options, including the potential to add a solar energy system upgrade in certain states.


  A wide variety of purchase and refinance mortgage products

  Solar energy financing available in select states

  Published mortgage rate updated daily

  Limited rate and fee information on the lender’s website

  High credit score standard for jumbo loans

AmeriSave Mortgage Corporation was founded in 2002 and offers a digital mortgage experience to customers in 49 states (New York excluded) and the District of Columbia. AmeriSave Mortgage is headquartered in Atlanta.






  • Borrow or refinance up to $1.5 million when you put at least 20% down
  • 700 credit score required for most jumbo loans; FHA jumbo loans require only a 640 credit score
  • Both jumbo loans and jumbo refinance loans offer 15- and 30-year fixed-rate terms; and 5-, 7- and 10-year ARM terms

Home equity lines of credit (HELOCs)

  • Borrow up to $249,000 secured by your home equity
  • Use the funds for anything from debt consolidation to home improvements and education expenses

Special programs

  • AmeriSave offers financing for the purchase and installation of solar energy systems in the following states: Ariz., Calif., Colo., Conn. Fla., Mass., Nev., N.J., Pa., Texas, Utah and Va.


AmeriSave publishes its starting fixed-rate mortgage interest rate online, but doesn’t share starting rates for different terms. Compared to other large national banks, AmeriSave’s rates are reasonably competitive, and on average came in around 0.34 percentage points above the average prime offer rate (APOR) in 2022. The APOR is a benchmark rate that captures what is, in effect, the lowest APR a bank is likely to offer in the current market. Mortgage loans aren’t typically considered “higher-cost” until they reach 1.5 percentage points over the APOR.


Beyond saying that it doesn’t charge an origination fee, AmeriSave doesn’t publish the typical fees that it charges as closing costs. The average total cost of taking out a mortgage with AmeriSave was $9,067 in 2022, according to data from the Federal Financial Institutions Examination Council (FFIEC).

Mortgage rates published online?
*Only one starting rate is published.
Rate information updated daily or weekly? 
Lender fees disclosed? 

You can apply online at by clicking on “purchase” or “refinance.” Both applications ask about your current residence as part of the prequalification process that allows you to see the mortgage rates you’ll likely qualify for. From there, you can choose to submit an official loan application for approval.

How to boost your loan approval odds

AmeriSave doesn’t share the exact minimum requirements it uses to approve or deny your application. However, based on nationwide data from 2022, we can say that AmeriSave approved customers who — on average — had a 73% loan-to-value (LTV) ratio or better. Most had a debt-to-income (DTI) ratio below 40%.

In that same year, AmeriSave denied about 55% of its mortgage applications. That’s very high when compared with other large, national mortgage lenders. For comparison, some large lenders have denial rates in the low teens to mid-thirties.

You can contact AmeriSave by email at [email protected] by phone at 888-700-4026 during business hours, Monday to Friday, 8:00 a.m. to 5:00 p.m. ET. If you’re already a customer and have questions about your loan, you can also reach out to AmeriSave at [email protected] or call the loan servicing department at 866-865-3400, option 4.

Lender rating
Minimum credit score580620 to 650Not published
Minimum down payment0% to 20%Not published0% to 5%
Loan products and programs
  • Conventional
  • FHA
  • VA
  • USDA
  • Jumbo 
  • Refinance
  • Cash-out refinance
  • Conventional
  • FHA
  • VA
  • Jumbo
  • Conventional
  • Jumbo
  • Home equity line of credit (HELOC)
  • Alliant Advantage Mortgage
  • Alliant Home Rewards
Rate spread*0.34%0.11%0.5%

*Rate spread is the difference between the average prime offer rate (APOR) — the lowest APR a bank is likely to offer any private customer — and the average annual percentage rate (APR) AmeriSave offered to mortgage customers in 2022. The higher the number, the more expensive the loan.

LendingTree’s mortgage lender rating is based on a five-point scoring system that factors in several features, including digital application processes, available loan products and the accessibility of product and lending information.

LendingTree’s editorial team calculates each rating based on a review of information available on the lender’s website. Lenders receive a half-point on the “offers standard mortgage products” criterion if they offer only two of the three standard loan programs (conventional, FHA and VA). In some cases, additional information was provided by a lender representative.

AmeriSave’s scorecard: 4.5/5

⭕ Publishes rates online

  Offers standard mortgage products

  Includes detailed product info online

  Shares resources about mortgage lending

  Provides an online application

 = 0 points   ⭕ = 0.5 points     = 1 point

Today's Mortgage Rates

  • 6.91%
  • 6.87%
  • 7.65%
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