Overall Score 4.8 out of 5

Overall Score 4.8 out of 5

Personalized Score out of 5


One of the biggest names in refinance, AmeriSave provides an affordable and easy refinance experience to homeowners across the U.S. With nearly two decades in the business and over 309,000 homes financed, they're an established company that aims to simplify the lending process as much as possible for the homeowners they work with.

Review Highlights:

  • Some of the lowest rates among the top refinance lenders
  • Fast, convenient application process with no hard credit pull for prequalification
  • Highly rated customer service and quick closing times

Ratings Highlights

As one of the largest refinance lenders around, AmeriSave offers low rates, wide loan variety, and a convenient application process. Overall, customers are satisfied with their experience working with this company, particularly when it comes to cost -- they have some of the lowest, and clearest, pricing available.
Loan Variety
Loans Offered Include: Fixed, ARM, cash-out, conventional, FHA, VA, USDA, jumbo
AmeriSave's refinance options are fairly exhaustive, with both conventional and streamlined loans represented. Unlike some competitors, they still offer jumbo loans as well, so give them a try if that's what you're looking for.
With some of the lowest rates in the market, AmeriSave has many of its competitors beat in this category. One thing to consider, however, is that they do charge an application fee, which recent customers state to be $500 -- most companies charge fees, however, so this isn't necessarily unusual. For the most part, both homeowners with low credit scores and those with higher scores can benefit from getting a quote with AmeriSave.
Customer Service
With almost twenty years in the industry, AmeriSave has their customer service down for the most part. While their site and application are easy to begin with, homeowners can contact licensed professional via phone with any questions. They do not have in-person services available, however, so keep that in mind.
Company Reputation
As far as lending companies go, AmeriSave manages to maintain a fairly good reputation. As expected, they do have some customer complaints online -- namely relating to fees. As a whole, however, customers are satisfied with the low rates and simple application process the company has to offer.
Ease of Application Process
Available in 49 states and the District of Columbia, AmeriSave is an accessible refinance option almost anywhere in the U.S. Their online application does involve a soft credit pull, which may be a consideration to some. Applying typically takes only a few minutes, so you can be on your way to a quote in no time.
For Lower Credit Scores
Minimum Credit Score: 600
AmeriSave's credit score minimums depend on the type of loan you are looking at, but generally are forgiving. As they are known for charging lower rates than some of their competitors, we think it's worth it for homeowners with lower credit scores to get a quote from this company -- just remember to consider potential fees in your total cost calculation.
For Higher Credit Scores
With low costs, great online service, and a wide variety of loan options, we are confident in recommending AmeriSave for homeowners with high credit scores. You'll have plenty of choices when it comes to the type of refinance you want and your good credit will bring their low rates even lower.

Company Background

Started in 2002, AmeriSave is a mortgage and refinance lending company that provides a multitude of loan options with low rates. They recognize how beneficial a good home loan is to the dream of homeownership, and endeavor to offer high-quality loans at reasonable prices.