Pros and cons of AmeriSave
Pros:
- Fast, digital preapproval and loan application process
- Offers conventional, FHA, and VA loans
- “Lock & Drop” program includes a 1% temporary rate buydown
- Licensed loan officers available for live phone support
- Available in most states with broad national coverage
Cons:
- Origination fees are higher than average
- Mortgage rates often come in above many competitors
- No USDA loan offerings
- Limited in-person service with few physical branches
- Below-average customer satisfaction scores on Trustpilot
AmeriSave mortgage rates
The table below shows average AmeriSave interest rates from last year, giving you a general idea of how its pricing compares across common loan types.
| Loan Type | Average Interest Rate |
| Conventional 30-Year | 8.94% |
| Conventional 15-Year | 6.01% |
| FHA 30-Year | 6.20% |
| VA 30-Year | 5.88% |
Average rate and fee data sourced from public rate and fee records required by the Home Mortgage Disclosure Act (HMDA).
Remember that interest rates vary a lot by customer. Your own rate depends on factors like your credit score, down payment, loan type, and home price.
That means you shouldn’t take average rates (or advertised rates) at face value. Instead, pick three to five lenders you’re interested in and get rate quotes from each one. Then compare the interest rates, closing costs, and other fees you’re offered to see which lender can give you the best deal.
Find your lowest mortgage rate. Start hereAmeriSave lender review for 2025
AmeriSave remains a popular mortgage lender in 2025, especially for borrowers who want speed and digital convenience. Their tech-forward platform allows buyers to get preapproved quickly and apply without visiting a branch. That approach works well for borrowers who already know what they want or have gone through the process before.
It also helps that AmeriSave offers mainstream loan options like conventional, FHA, and VA loans. However, borrowers should take a close look at interest rates and fees. AmeriSave’s pricing often trends higher than other large online lenders, which can impact long-term affordability. While its Trustpilot reviews are below average, it still maintains a low volume of official complaints and remains a legitimate, active player in the mortgage industry.
Affordability
AmeriSave scores low on affordability. Its origination fees are significantly higher than the industry average, and the lender often offers mortgage rates that exceed its competitors. That said, AmeriSave offers a “Lock & Drop” program with a temporary 1% rate buydown for the first year, which can offer immediate savings. While this doesn’t change the overall affordability picture, it can ease early costs for some borrowers.
Lending flexibility
AmeriSave scores well on lending flexibility. It offers conventional, FHA, and VA loans, which cover the most common mortgage needs. The lender does not offer USDA loans, so rural home buyers looking for zero-down payment loans may need to look elsewhere. Still, for most standard borrowers, AmeriSave covers the core lending products they expect.
Trustworthiness
AmeriSave is a long-standing lender with a strong operational history. It underwrote over 15,000 home loans last year and has few complaints logged with the Consumer Financial Protection Bureau (CFPB). While that shows AmeriSave operates responsibly, customer reviews on Trustpilot paint a different picture. The company holds a below-average rating, with many complaints centered on communication delays and post-application issues. Nonetheless, AmeriSave remains a legitimate lender with a good track record.
Customer experience
AmeriSave scores above average for customer experience thanks to its online application system and phone-based support. Borrowers can complete both preapproval and loan applications entirely online, and the interface is simple enough for most users. However, AmeriSave has very few physical locations, so in-person help is limited. Borrowers who want face-to-face service may prefer a local bank or credit union.ct lender in all states (except New York) and Washington D.C.
FAQs about AmeriSave
AmeriSave offers conventional, FHA, and VA loans. It does not currently offer USDA loans.
AmeriSave interest rates tend to run higher than average. Some borrowers may find lower rates with other online or traditional lenders, especially if they have strong credit.
This is a temporary rate buy-down option where AmeriSave lowers your mortgage rate by 1% for the first year of your loan, helping you save on early payments.
Yes, AmeriSave offers cash-out refinancing on conventional, FHA, and VA loans. You can borrow against your home’s equity — usually up to 80 percent — and use the money for various purposes such as debt consolidation, home improvements, or anything else.
Yes. AmeriSave supports digital preapproval, full application, and loan processing. You can also get support from a loan officer by phone.
Is AmeriSave the best mortgage lender for you?
AmeriSave works best for borrowers who want a fast, online mortgage process and don’t need in-person service. It offers a solid set of loan products, especially for conventional, FHA, and VA borrowers. However, its higher fees and above-average rates could make it less attractive for cost-conscious buyers. This AmeriSave lender review shows that while it’s not the most affordable option on the market, it can be a convenient and reliable one, especially if you value simplicity and speed.
Find your lowest mortgage rate. Start hereHow The Mortgage Reports scored AmeriSave
The Mortgage Reports evaluates and ranks lenders based on four key factors, each weighted to reflect its impact on the borrowing experience.
- Customer experience (20%): Examines the lender’s digita and service accessibility, including the availability of an online pre-approval or pre-qualification process, ease of contact, and the presence of a current rates page on their website.
- Affordability (20%): Assesses the average origination charges and the average interest rate offered by the lender.
- Lending flexibility (40%): Evaluates the lender’s minimum down payment and credit score requirements, as well as the availability of FHA, VA, and USDA loan options.
- Trustworthiness (20%): Measures customer satisfaction and reliability based on Consumer Financial Protection Bureau (CFPB) complaints per 1,000 loans and ratings from reputable third-party review platforms such as Trustpilot.
