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AmeriSave Mortgage Corporation VA Loans Review


ConsumersAdvocate.org Rating: 4.7 / 5 (Excellent)
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AmeriSave Mortgage Corporation is a mortgage lender based in Atlanta, Georgia. It operates in all states except New York and has been in business since 2002. In addition to traditional mortgages, the company also offers VA, USDA, FHA and Jumbo home loans.
 
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Call: (855) 977-1646

How is AmeriSave rated?

Breakdown

5.0/5
User Experience
4.5/5
Tools & Resources
4.5/5
Expertise

Overall Rating: 4.7 / 5 (Excellent)

AmeriSave Mortgage Corporation offers everything you'd expect from a VA loan provider, along with streamline and cash-out refinancing options, which are a little rarer. It's difficult to compare VA loan companies because the VA backs all loans and sets the terms. AmeriSave doesn't have the most stellar reputation, but it's pretty transparent about its fees and you can check if you qualify right on its website without hurting your credit score.

AmeriSave Tools & Resources

Lender Type
Lender
VA Loan Types
Purchase
Rate & Term Refinance
Streamline Refinance (IRRRL)
Cash-out Refinance
Property Types
Single Family Home
Multi-family Unit
Townhome
Condo
Mobile/Manufactured Home
Maximum Loan Size
$510,400

Tools & Resources - 4.5 / 5

AmeriSave Mortgage Corporation offers traditional VA loans as well as streamline and cash-out refinance options to those who are interested in this. These options aren't available with every VA loan provider, so consider moving AmeriSave up on your list if you're interested in one of these. It doesn't disclose any information on terms on its website, which is not unusual for a mortgage lender, but you can learn more about your options by getting prequalified online or contacting the company by phone.

AmeriSave User Experience

Fee Information
1.25% to 2.40% funding fee
Waived Fees
Veterans rated disabled are exempt from the funding fee.
Minimum Credit Score
580

User Experience - 5 / 5

The VA sets the rules for VA loans, so the terms are similar no matter which company you're working with. There is a funding fee, unless you are disabled. This is a percentage of the amount you're borrowing and it's pretty typical of most VA loans. AmeriSave is pretty transparent about what kind of credit you need in order to get approved for the loan and the requirements are pretty lenient, so most borrowers shouldn't have a problem with this.

AmeriSave Expertise

Memberships & Regulatory Info.

Nationwide Mortgage Licensing System ID
1168
Nationwide Mortgage Regulatory Actions
13
NMLS Collection Date
2020-02-17
CFPB Total VA Mortgage Complaints
11
CFPB Collection Date
2020-02-17

Online Reviews

Trustpilot Rating
4.3 out of 5
BBB Rating
B-
Date Collected
2020-02-17

Expertise - 4.5 / 5

AmeriSave Mortgage Corporation has been in business nearly 20 years. Its reputation online isn't the greatest, but it's not unusual for mortgage lenders and financial institutions to have a few complaints with the Better Business Bureau or the Consumer Financial Protection Bureau (CFPB). Most of its CFPB complaints were not about its VA loans. The VA is the one that's actually backing your mortgage, so you shouldn't have too many problems with AmeriSave.

Contact & Additional Information

Homepage URL
https://www.amerisave.com/
Company Phone
(866) 514-7283
Headquarters Address
3525 Piedmont Rd. NE, 8 Piedmont Center, Ste. 600, Atlanta, GA, 30305
Year Founded
2002

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