AmeriSave Mortgage review: rates, costs & calculator
An online direct lender that publishes live rate quotes, drawing heavy volume from rate shoppers and refinancers.
AmeriSave Mortgage rates: what borrowers actually paid
AmeriSave Mortgage prices each borrower individually, but federal loan-level records show what its borrowers actually got. On 234 FHA 30-year fixed purchase loans closed in 2025, the median rate was 6.75% and the median APR was 0.65 percentage points above the typical lender's, with $11,611 in loan costs.
| 2025 home purchases | Loans | Median rate | APR vs benchmark | Loan costs | With points |
|---|---|---|---|---|---|
| Conventional · AmeriSave Mortgage | 167 | 6.625% | +0.14 | $7,562 | 74% |
| Conventional · all lenders | 700,082 | 6.50% | +0.02 | $5,476 | 53% |
| FHA · AmeriSave Mortgage | 234 | 6.75% | +1.06 | $11,611 | 92% |
| FHA · all lenders | 516,729 | 6.25% | +0.42 | $11,291 | 59% |
What the numbers say
- On FHA loans, AmeriSave Mortgage's median APR ran 0.65 percentage points above the typical lender's (+1.06 vs +0.42 percentage points against the benchmark) — roughly $135 a month on a $305,000 loan at today's 7.18% average rate.
- Other loan types: Conventional 0.12 percentage points above the market (167 loans).
- Borrowers paid a median $11,611 in loan costs — $320 more than the $11,291 typical across all lenders (FHA totals include upfront mortgage insurance).
- 92% of its loans carried discount points, versus 59% overall — ask for quotes with and without points.
- Lender credits were uncommon: 18% of its loans, versus 34% overall.
- Its borrowers took smaller loans (median $215,000 vs $305,000), which moves dollar costs and can move rates too.
How AmeriSave Mortgage compares on FHA loans
| Lender | Loans | Median rate | APR vs benchmark | Loan costs | Lender credits |
|---|---|---|---|---|---|
| AmeriSave Mortgage | 234 | 6.75% | +1.06 | $11,611 | 18% |
| United Wholesale Mortgage | 49,058 | 6.125% | +0.37 | $13,255 | 51% |
| DHI Mortgage | 31,598 | 4.50% | −1.40 | $9,217 | 3% |
| Rocket Mortgage | 21,677 | 6.25% | +0.38 | $11,293 | 5% |
| CrossCountry Mortgage | 18,447 | 6.50% | +0.71 | $12,630 | 44% |
| All lenders | 516,729 | 6.25% | +0.42 | $11,291 | 34% |
Source: 2025 HMDA loan-level records (FFIEC/CFPB), 30-year fixed home purchases compared like for like. APR vs benchmark = median APR minus the average prime offer rate the week the rate was set; loan costs are borrower-paid. Data notes and limits.
AmeriSave Mortgage calculator
Estimate a AmeriSave Mortgage payment: enter the rate from your Loan Estimate, or start from today's 7.18% average 30-year fixed rate. For reference, AmeriSave Mortgage's 2025 FHA purchase loans closed at a median 6.75%.
Prefer a full-page version? Open the mortgage refinance calculator.
AmeriSave Mortgage by the numbers
| Home loans originated (2025) | 24,298 |
|---|---|
| Total lending (2025) | $3.5B |
| Average loan size | $145,456 |
| Approval rate* | 29.3% |
| Volume rank (our roster) | #30 of 60 |
| Largest market | Florida |
Source: federal HMDA data (2025), FFIEC/CFPB. *Approval rate = loans originated ÷ (originated + denied). It reflects a lender's channel and borrower mix — wholesale, online and refi-heavy lenders run lower because many applications are rate shops that never close — not how hard it is to work with. See our approval-rate breakdown.
What AmeriSave Mortgage actually lends
95.7% of AmeriSave Mortgage's 2025 loans were cash-out refinance loans, versus 14% nationally.
| Share of 2025 loans | AmeriSave Mortgage | U.S. |
|---|---|---|
| Conventional | 76.1% | 78% |
| FHA | 19.6% | 13.2% |
| VA | 4.2% | 8.2% |
| USDA | 0% | 0.6% |
| Home purchase | 3% | 52.5% |
| Rate-and-term refinance | 1.3% | 15.3% |
| Cash-out refinance | 95.7% | 14% |
Shares of originated loans by loan type and purpose, federal HMDA data (2025). They describe the lender's business mix, not the terms you would be offered.
AmeriSave Mortgage at a glance
AmeriSave Mortgage Corporation is an Atlanta-based direct-to-consumer lender that has run its entire business online and over the phone since 2002, with no branch network. C. (New York is the exception).
The company's signature feature is a rate tool that lets a shopper generate a personalized, credit-informed quote on the site in a few minutes rather than a generic teaser table.
That model shapes what AmeriSave's numbers look like. In 2025 it originated 24,298 loans worth about $3.5 billion, concentrated in high-population, high-turnover states: Florida (7,732 loans), California (6,923), Georgia (5,296), North Carolina (4,747) and Texas (4,690).
Its HMDA approval rate sits near 29 percent, which is low on paper but expected for a lender built around instant online quoting.
Where AmeriSave Mortgage's approval rate sits
AmeriSave Mortgage's 2025 approval rate of 29.3% sits against the 76.6% national average. Read it as a signal of channel, not strictness — wholesale, online and refinance-heavy lenders run lower because so many applications are rate shops that never close.
A large share of the applications it logs are rate shops and preliminary inquiries that never advance to closing, so the denominator is inflated with browsers rather than committed buyers. It is a reflection of channel, not of unusual strictness.
AmeriSave also carries a documented past: in 2014 the CFPB settled with the company and its owner over a 'bait-and-switch' advertising and appraisal-fee practice, resulting in $19.3 million in consumer refunds and penalties.
That action is more than a decade old, and the company has operated at national scale since, but it remains part of the public record worth knowing.
Who AmeriSave Mortgage is best for
AmeriSave suits self-directed borrowers who want to shop rates on their own terms and are comfortable with a fully digital, phone-supported process instead of a local loan officer.
Rate-focused shoppers, refinancers weighing a term or cash-out change, and anyone who values seeing a personalized quote before handing over full documentation will find its live-quote model a natural fit.
Loan programs at AmeriSave Mortgage
Its most notable programs and specialties:
- Conventional conforming fixed-rate loans in 30, 25, 20, 15 and 10-year terms
- FHA loans for lower-credit and low-down-payment borrowers
- VA loans for eligible service members and veterans
- USDA loans for qualifying rural and suburban buyers
- Jumbo loans above conforming limits
- Rate-and-term and cash-out refinances, plus 5/1, 7/1 and 10/1 adjustable-rate mortgages
Typical industry minimum down payment by core loan type — AmeriSave Mortgage's own minimums or credit overlays may run higher:
| Loan program | Typical min. down |
|---|---|
| Conventional | 3% |
| FHA | 3.5% |
| VA | 0% |
| Refi | n/a |
Strengths
- Live, personalized rate quotes generated online without a sales call first
- Full slate of conventional, FHA, VA, USDA and jumbo products under one roof
- Lends in 49 states and D.C. with a consistent digital process
- Strong third-party service reputation, including an A+ BBB rating and favorable J.D. Power origination-satisfaction results
Considerations
- AmeriSave presents itself as an online mortgage lender, which may not suit borrowers who want in-person, local guidance.
- Not available in New York: none of its 94,446 loans in 2025 were made there, per federal HMDA records
- A 2014 CFPB settlement over deceptive rate advertising and appraisal-fee practices is part of its record
- Its 2025 approval rate was 29.3%, versus 76.6% for all lenders (60th of the 60 lenders we review)
Where AmeriSave Mortgage lends most
By federal HMDA records, AmeriSave Mortgage's largest 2025 markets were Florida, California, Georgia, North Carolina and Texas. Explore local rates, home prices and down-payment assistance for each:
The verdict
AmeriSave is a credible, long-running online lender for borrowers who prefer to research and compare rates independently before committing.
Its instant-quote tool and broad product menu are genuine strengths, and its low headline approval rate mainly reflects a rate-shopper-heavy application mix, not tough underwriting.
Weigh its dated-but-real CFPB history and lack of local offices against the convenience, and compare its personalized quote against a bank and a broker before deciding.
How to compare AmeriSave Mortgage
Shopping a few lenders is the single most reliable way to save. Before you commit to AmeriSave Mortgage:
- Get three or more Loan Estimates in a two-week window — the bureaus treat it as one inquiry.
- Compare the APR, not just the headline rate — it folds in the fees.
- Weigh service and loan-type fit, not price alone.
- Verify licensing: search AmeriSave Mortgage on NMLS Consumer Access and match the NMLS ID to the one on your Loan Estimate. (Its LEI in federal HMDA data, 549300YIQ7S7Z8PIHE53, is not a license number.)
Benchmark whatever you're quoted against today's the national rate benchmark.
AmeriSave Mortgage FAQ
Is AmeriSave Mortgage a good mortgage lender?
AmeriSave Mortgage is a licensed U.S. mortgage lender and one of the largest, roughly #30 of 60 in our roster by 2025 volume, best for online rate shopping.
On price, its 2025 FHA borrowers' median APR was 0.65 percentage points above the typical lender's, with $11,611 in loan costs against $11,291 market-wide.
Whether it's right for you comes down to the rate and fees it quotes — compare its Loan Estimate with two or three others.
What are AmeriSave Mortgage's rates today?
AmeriSave Mortgage sets rates daily by loan type, credit score, down payment and points, so the rate that counts is the one on your Loan Estimate.
For context, the average 30-year fixed rate was 7.18% in Freddie Mac's survey for the week of November 5, 2026; in 2025, AmeriSave Mortgage's FHA purchase loans closed at a median 6.75%, against 6.25% for all lenders.
How many mortgages does AmeriSave Mortgage originate?
In 2025, AmeriSave Mortgage originated about 24,298 home loans, roughly $3.5 billion in lending, per federal HMDA data — an average loan of about $145,456.
What loan types does AmeriSave Mortgage offer?
AmeriSave Mortgage offers Conventional, FHA, VA, Refi. Notable programs include conventional conforming fixed-rate loans in 30, 25, 20, 15 and 10-year terms; FHA loans for lower-credit and low-down-payment borrowers; VA loans for eligible service members and veterans.
How do I verify AmeriSave Mortgage is licensed?
Search the company's name on NMLS Consumer Access (nmlsconsumeraccess.org), the official registry of licensed mortgage companies and loan officers; the NMLS ID it shows is also printed on every Loan Estimate the lender issues. (The ID 549300YIQ7S7Z8PIHE53 used on this page is the company's LEI, which identifies it in federal HMDA data — not a license number.)
This review is editorial and independent — AmeriSave Mortgage did not pay for or approve it, and all figures are from public federal data. It is general information, not a recommendation or personalized advice. Confirm all terms directly with the lender.
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