Amerisave Mortgage Corporation Review 2025: Rates, Fees & Alternatives
Last Updated: August 25, 2025 | Published by: Mortgage Info Research Team
🔍 Compare Better Alternatives to Amerisave
Considering Amerisave Mortgage Corporation for your home loan or refinance? Our comprehensive 2025 review breaks down everything you need to know about this major online lender—from their rates and fees to customer service reputation and how they compare to alternatives. We've analyzed thousands of customer reviews, interviewed recent borrowers, and compared their offerings to top competitors to help you decide if Amerisave is the right choice for your mortgage needs.
What You'll Discover in This Review:
- Amerisave's current mortgage rates and how they compare to competitors
- Complete breakdown of all fees and closing costs
- Loan types and programs offered
- Application process and technology platform
- Customer service reputation and common complaints
- Top 5 alternatives that might offer better rates or service
Amerisave Mortgage Corporation: Company Overview
Founded in 2002, Amerisave Mortgage Corporation has grown to become one of the largest online mortgage lenders in the United States. Headquartered in Atlanta, Georgia, the company operates entirely online with no physical branch locations. This digital-first approach allows them to serve customers in all 50 states and Washington D.C.
Key Facts About Amerisave:
- Founded: 2002
- NMLS ID: #1427
- Headquarters: Atlanta, GA
- Loan Volume: $20+ billion annually
- Business Model: Direct lender (not a broker)
- Physical Branches: None (100% online)
Amerisave specializes in conventional, FHA, VA, and USDA loans for both purchases and refinances. Their digital platform emphasizes speed and convenience, allowing borrowers to complete most of the application process online without speaking to a loan officer if they prefer. In 2025, they've expanded their product offerings to include more specialized loan types and enhanced their digital tools for a more streamlined experience.
🎯 Looking for Better Rates Than Amerisave?
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Amerisave Mortgage Rates (Updated August 2025)
Amerisave typically advertises competitive rates that are at or slightly below the national average. However, our analysis found that their advertised rates often don't include points or their application fee, which can make direct comparisons misleading.
| Loan Type | Amerisave Rate* | National Average | Comparison |
|---|---|---|---|
| 30-Year Fixed | 6.25% | 6.35% | 0.10% lower |
| 15-Year Fixed | 5.50% | 5.65% | 0.15% lower |
| 5/1 ARM | 5.75% | 5.70% | 0.05% higher |
| FHA 30-Year Fixed | 6.00% | 6.10% | 0.10% lower |
| VA 30-Year Fixed | 5.85% | 5.90% | 0.05% lower |
*Rates as of August 25, 2025, for a borrower with 740+ credit score and 20% down payment. Amerisave rates may require points and don't include their $500 application fee. Actual rates will vary based on credit score, loan amount, and other factors.
While Amerisave's rates appear competitive at first glance, it's important to note that many borrowers report being quoted higher rates than initially advertised once they complete the application process. This is partly due to their rate-locking policy, which requires payment of the $500 application fee before locking in a rate.
⚠️ Rate Transparency Concerns
Our research found that Amerisave's advertised rates often assume the purchase of discount points, which can add thousands to your closing costs. Many customers report being quoted significantly higher rates than advertised once they complete the full application.
Compare Lenders With Transparent PricingAmerisave Fees and Closing Costs
Amerisave's fee structure is one of the most criticized aspects of their service. Unlike many competitors who have moved to no-fee models, Amerisave continues to charge several fees that can significantly increase your total closing costs:
$500 Application Fee
Amerisave charges a $500 application fee upfront, which is credited back at closing. However, this fee is non-refundable if you don't proceed with the loan, even if you're denied. Many competitors have eliminated application fees entirely.
Origination Fees (0.5-1%)
Amerisave typically charges origination fees between 0.5% and 1% of the loan amount. On a $400,000 loan, that's $2,000-$4,000 in origination fees alone. Some online competitors like Better Mortgage have eliminated origination fees entirely.
Discount Points
Many of Amerisave's advertised rates require the purchase of discount points, which typically cost 1% of the loan amount per point. Their rate quotes often include 0.5-1 points by default, adding thousands to your closing costs.
Third-Party Fees
Like most lenders, Amerisave passes along third-party fees for services like appraisals ($450-$650), credit reports ($30-$50), title insurance (varies by location), and government recording fees. These are standard across the industry.
In total, Amerisave's closing costs typically range from 2-5% of the loan amount, which is on the higher end compared to some online competitors. For a $400,000 loan, expect to pay between $8,000 and $20,000 in total closing costs, depending on your location, loan type, and whether you purchase discount points.
Amerisave's Application Process and Technology
Amerisave's digital-first approach is designed to streamline the mortgage application process. Their online platform allows borrowers to complete most steps without speaking to a loan officer, though phone support is available if needed.
1. Rate Quote and Pre-Qualification
The process begins with an online rate quote tool that asks for basic information about your loan needs, property, and financial situation. This generates preliminary rate offers without a hard credit pull. However, these initial quotes often assume an excellent credit score and may include discount points.
2. Application and Fee Payment
To proceed with a full application, you'll need to create an account and pay the $500 application fee. This is where Amerisave differs from many competitors who allow you to complete a full application without any upfront costs. The application involves providing detailed financial information and consenting to a hard credit pull.
3. Document Upload
Amerisave's portal allows you to securely upload required documents like pay stubs, tax returns, and bank statements. Their system can connect directly to some financial institutions to verify assets automatically. This part of their process is generally well-reviewed for its convenience.
4. Processing and Underwriting
Once your application and documents are submitted, Amerisave's team reviews everything and may request additional information. This is where many customers report communication issues, with some experiencing delays or confusion about what's needed. The underwriting process typically takes 1-2 weeks.
5. Closing
If approved, Amerisave coordinates with a local title company or attorney to schedule closing. They offer electronic closing documents where legally permitted, though an in-person signing is still required in most states. The $500 application fee is credited back at closing.
💡 Pro Tip: Compare Before You Apply
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Compare Personalized Mortgage OffersAmerisave Customer Reviews and Reputation
Amerisave's customer reviews are mixed across various platforms. While they maintain a decent overall rating, there are consistent patterns in both positive and negative feedback:
👍 Common Praise
- ✓Competitive Rates: Many customers report securing rates lower than other lenders they shopped with.
- ✓Digital Convenience: The online application and document upload system is frequently praised for its ease of use.
- ✓Loan Options: Wide variety of loan programs available, including options for borrowers with less-than-perfect credit.
- ✓Speed: Some borrowers report faster-than-average closing times, particularly for refinances.
👎 Common Complaints
- ✗Bait and Switch: Numerous complaints about receiving significantly higher rates or fees than initially quoted.
- ✗Communication Issues: Frequent reports of poor communication, unresponsive loan officers, and difficulty reaching customer service.
- ✗Application Fee: Many complaints about the non-refundable $500 application fee, especially from borrowers who were ultimately denied.
- ✗Delays: Some customers report unexpected delays in processing and closing, particularly for more complex loan situations.
Amerisave Ratings Across Review Platforms
| Platform | Rating | Notable Trends |
|---|---|---|
| Trustpilot | 3.7/5 (1,200+ reviews) | Mixed, with recent trend toward more negative reviews |
| Better Business Bureau | 2.5/5 (300+ reviews) | 200+ complaints in last 3 years, mostly about advertising/sales and problems with product/service |
| Consumer Affairs | 3.9/5 (1,800+ reviews) | More positive, but many reviews are solicited by the company |
| Google Reviews | 2.8/5 (500+ reviews) | Highly variable by location, with communication being the top complaint |
Top 5 Alternatives to Amerisave Mortgage Corporation
Based on our comprehensive analysis, these five lenders offer compelling alternatives to Amerisave, each with distinct advantages:
1. Rocket Mortgage
Best Overall AlternativeRocket Mortgage offers a similarly streamlined digital experience but with significantly better customer service ratings. Their platform is intuitive, and they offer a wide range of loan products with competitive rates. While their fees aren't the lowest, their transparency and service quality consistently earn top marks.
Advantages over Amerisave:
- Superior customer service
- More transparent fee structure
- No upfront application fee
- Consistently high customer satisfaction
Disadvantages:
- Rates may be slightly higher
- Less flexible for non-standard situations
2. Better Mortgage
Best for Low FeesBetter Mortgage stands out for its truly fee-free approach—no application fees, no origination fees, and no lender fees whatsoever. Their digital platform is sleek and user-friendly, and they offer competitive rates. The main drawback is their limited loan options compared to Amerisave.
Advantages over Amerisave:
- Zero lender fees
- Fast pre-approval process
- Excellent digital experience
- Transparent pricing
Disadvantages:
- Limited loan types (no VA or USDA)
- Less flexible for credit challenges
- No physical branches
3. LendingTree
Best for Comparison ShoppingUnlike Amerisave, LendingTree isn't a direct lender but a marketplace that lets you compare offers from multiple lenders simultaneously. This approach often helps borrowers find the best possible rates and terms without having to apply separately to multiple lenders.
Advantages over Amerisave:
- Compare multiple lenders at once
- See personalized offers without fees
- Access to a wider range of loan options
- Potentially lower rates through competition
Disadvantages:
- May receive marketing contacts
- Not a direct lender
- Experience varies by matched lender
4. Guaranteed Rate
Best for Customer ServiceGuaranteed Rate offers a hybrid approach with both digital tools and excellent personalized service. They consistently rank among the highest for customer satisfaction and offer competitive rates with more transparent fee structures than Amerisave.
Advantages over Amerisave:
- Superior customer service
- Physical branches available
- More transparent pricing
- Strong reputation for on-time closings
Disadvantages:
- Slightly higher fees than some online lenders
- Digital platform not as advanced as Amerisave
5. Local Credit Unions
Best for Personalized ServiceDon't overlook local credit unions, which often offer lower rates and fees than online lenders like Amerisave, especially for members. While their technology may not be as advanced, the personalized service and potentially significant savings make them worth considering.
Advantages over Amerisave:
- Often lower rates for members
- Reduced or waived fees
- Local, personalized service
- More flexible approval criteria
Disadvantages:
- Membership requirements
- Less advanced technology
- May have limited loan products
Compare Multiple Lenders Before Deciding
The smartest mortgage shoppers compare at least 3-5 lenders before making a decision. Studies show this can save you thousands over the life of your loan. Get personalized quotes from multiple top lenders without affecting your credit score.
Amerisave Pros and Cons: Final Verdict
Pros
- ✓Competitive Rates: Generally offers rates at or slightly below national averages.
- ✓Wide Loan Selection: Offers conventional, FHA, VA, USDA, and jumbo loans with various term options.
- ✓Digital Platform: User-friendly online application and document upload system.
- ✓Nationwide Availability: Licensed in all 50 states and Washington D.C.
- ✓Experience: Established in 2002 with a long track record in the industry.
Cons
- ✗$500 Application Fee: Non-refundable fee required before full application processing.
- ✗Rate Transparency Issues: Advertised rates often assume discount points and excellent credit.
- ✗Customer Service Complaints: Inconsistent communication and responsiveness reported by many customers.
- ✗Higher Fees: Overall fee structure is higher than many online competitors.
- ✗No Physical Branches: All interactions are online or by phone, which some borrowers find impersonal.
Is Amerisave Mortgage Corporation Right for You?
Amerisave Mortgage Corporation may be a good fit if you're comfortable with a digital mortgage process, have excellent credit, and are primarily focused on securing a competitive rate. Their wide range of loan products makes them suitable for various borrowing needs, from conventional purchases to government-backed loans and refinances.
However, given their fee structure—particularly the non-refundable $500 application fee—and mixed customer service reviews, we strongly recommend comparing offers from multiple lenders before committing to Amerisave. Many borrowers find better overall value with competitors like Rocket Mortgage, Better Mortgage, or through a comparison marketplace like LendingTree.
Remember that the "best" mortgage lender varies based on your specific financial situation, loan needs, and preferences regarding customer service and technology. Taking the time to compare multiple options can save you thousands over the life of your loan.
Our Recommendation
Before applying with Amerisave and paying their $500 application fee, compare personalized offers from multiple lenders. This simple step takes just minutes and could save you thousands in interest and fees over the life of your loan.
Compare Top Mortgage Lenders NowSources and Additional Reading
- Amerisave Mortgage Corporation official website
- Consumer Financial Protection Bureau (CFPB) mortgage data
- Better Business Bureau (BBB) profile and customer reviews
- Trustpilot verified customer reviews
- Consumer Affairs verified customer reviews
- J.D. Power 2025 U.S. Mortgage Origination Satisfaction Study
- Federal Reserve mortgage rate data
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