AmeriSave Mortgage review: rates, fees, pros and cons
Are you considering AmeriSave for your mortgage? Here's a comprehensive review of the company's rates, fees, and pros and cons. Find out what this lender has to offer!
AmeriSave Mortgage: Enjoy pricing transparency and a range of mortgage options
Achieving homeownership doesn’t have to be difficult! Therefore, in this AmeriSave Mortgage review, you’ll find out how to get the money you need to buy your dream home!
This article will compare this lender’s rates, terms, and pros and cons! As a result, by the end of your reading, you’ll be able to make the best decision possible. Keep reading to learn more!
|580 or higher;
|Conventional, jumbo, FHA, VA, USDA, fixed-rate, adjustable-rate. Also, rate-and-term, cash-out, and streamline refinancing;
|Minimum Down Payment
|As little as 3%;
|Up to 30 years.
AmeriSave Mortgage review: what you need to know
AmeriSave is a lender that offers mortgage loans nationwide (except in New York) and delivers a good variety of loan options to potential customers.
This lender offers conventional, jumbo, FHA, VA, USDA, fixed- and adjustable-rate loans. Also, they have rate-and-term, cash-out, and streamline refinancing options available.
This is a great lender for anyone looking for fast prequalification and some guidance throughout the process.
AmeriSave Mortgage charges no application fees. However, they don’t disclose their origination fee or additional closing costs.
Additionally, their minimum down payment is as little as 3%.
When it comes to the mortgage rates, they will vary depending on how you’ll come out as a borrower. So you’ll need to prequalify first.
Furthermore, AmeriSave delivers multiple online calculators to help you estimate your borrowing conditions and make the best of your decision.
AmeriSave Mortgage main features
Choosing a lender is not an easy process! Therefore, you must consider all your options and the details before applying!
For that reason, below, we compare the benefits and drawbacks of the AmeriSave Mortgage! By closely examining its main features, you can easily decide whether it is right for you!
- AmeriSave offers a good variety of loans and products;
- Offers pricing transparency and structured fees;
- Prequalify without hurting your credit score;
- The average closing time is 25 days.
- AmeriSave doesn’t offer mortgages in New York;
- Doesn’t offer home equity lines of credit or home equity loans.
Credit score required to apply
There minimum credit score required will depend on the mortgage you’re applying for.
Therefore, for conventional loans, borrowers need a credit score of 620. For an FHA loan, a 580 credit score is enough.
However, remember that good credit history will guarantee better borrowing conditions.
AmeriSave Mortgage application process: how does it work?
Applying for the AmeriSave Mortgage is simple! Therefore, you can prequalify and preview the loan conditions you’ll get without hurting your score!
To learn more about how the application process works, keep reading! We’ll teach you everything you need to know!
About the author / Beatriz Vieira
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