Mortgage rates change every day — this is exactly the reason that choosing the right mortgage lender is so vital. The home loan decision you make today will affect your life 15-30 years down the road.
We’ve ranked the best mortgage lenders of 2021 (and we update those rankings each week) so you can make the right decision today and save thousands of dollars by the time you’ve paid off your mortgage.
When looking for a home loan on TopMortgageLenders.com, pay attention to: mortgage rates, fees rating, customer review score, and the loan types/variety of each lender.
AmeriSave Mortgage Review
Pros
- No Credit Impact for Prequalifying
- Seamless Online Application
- Quick Closing
- Excellent Reviews
Score
9.6
Rates
Average
Cons
- Varying Costs
- Above Average Origination Fee
Expert Take
AmeriSave Mortgage is an excellent mortgage lender. Unfortunately, the company does not offer Jumbo loans or home equity loans, but their customer service is such that it merits a high ranking on TopMortgageLenders.com. Curious homebuyers should know that AmeriSave does not currently service New York residents. Other than those seeking to buy a home in New York, I highly recommend AmeriSave Mortgage.
Key Details:
- High Customer Satisfaction
- Quick Closing Time
- Variety of Mortgage Types
Overview
AmeriSave Mortgage has funded over $55 billion in mortgages and home loans. Highly rated by its customers, the company is often found at the top of many best mortgage lenders rankings.
AmeriSave was founded in 2002 and has since grown into one of the leading mortgage lenders in the United States. The company is headquartered in Atlanta, Georgia and is consistently praised as one of the best lenders for customer satisfaction.
AmeriSave Mortgage Types - Excellent
The more mortgage types a lender has to choose from, the more likely they are to get you a lower mortgage rate or down payment, depending on what’s most important to you and your financial situation.
The great news is that AmeriSave can pretty much provide you with whatever mortgage type fits you best. For example, if you live in a rural area and have low-to-average income, a USDA loan would be perfect for you.
Whether you need a conventional mortgage or have special circumstances, you can rely on AmeriSave to find the best mortgage type for you — you can even choose between 10-, 15-, 20-, 25-, or 30-year loan terms.
AmeriSave Mortgage Customer Reviews - Excellent
With over 650 customer reviews on Best Company, AmeriSave has received an impressive 4.4-star rating with excellent ratings for each of the four company review categories: value, quality, service, and trustworthiness.
72% of all of the company’s reviews are 5-star reviews. Though AmeriSave Mortgage is not immune to negative reviews, the company is extremely consistent in reaching out to and resolving customer complaints.
AmeriSave Mortgage Fees and Rates - Excellent
Loan cost is one of the most vital factors for customers looking into mortgages; unfortunately, it’s one of the most difficult factors to calculate. Since the total cost depends on how much you put down, total origination fees, and the terms of the loan itself, the cost varies wildly from customer to customer.
Let’s take a look at AmeriSave’s origination fees and average mortgage rates.
AmeriSave’s origination fee is average compared to the rest of the industry and includes a nonrefundable $500 fee just to apply.
As for mortgage rates, AmeriSave ranks pretty highly in comparison to other companies, providing lower than average mortgage rates and earning 4 out of 5 rating from NerdWallet.