AmeriSave Mortgage has been in operation for 20 years. The lender has an A+ rating from the Better Business Bureau and a 4.3 out of 5 stars (“Excellent”) from Trustpilot.

To assess borrowers' subjective experiences with lenders, NerdWallet has gathered customer satisfaction ratings from J.D. Power and Zillow. AmeriSave receives a score of 674 out of 1,000 in J.D. Power's 2022 U.S. Mortgage Origination Satisfaction Study. The industry average for origination is 716.

AmeriSave doesn't charge an origination fee on its FHA, VA and USDA home loans, so if you qualify for one of these options, this policy could potentially save you hundreds - or even thousands - of dollars.

Amerisave Mortgage's competitors

• Amerisave Mortgage.
• Credible Labs.
• Forms Syntron.
• Ally Financial.
• iServe.

If you have a strong credit score and can afford to make a sizable down payment, a conventional mortgage is the best pick. The 30-year, fixed-rate option is the most popular choice for homebuyers.

The best mortgage lenders

• Best for lower credit scores: Rocket Mortgage.
• Best for flexible down payment options: Chase Bank.
• Best for no fees: Ally Bank.
• Best for flexible loan options: PNC Bank.
• Best for saving money: SoFi.

This week, brokers received a message stating that AmeriSave Wholesale Mortgage Solutions (AWMS), the company's wholesale channel, is closing doors immediately but will honor the existing pipeline. Later, the company posted a message on its website. AmeriSave will not register new loans starting on Sept. 1.

0.5% to 1% Key Takeaways. An origination fee is typically 0.5% to 1% of the loan amount and is charged by a lender as compensation for processing a loan application. Origination fees are sometimes negotiable, but reducing them or avoiding them usually means paying a higher interest rate over the life of the loan.

Patrick Markert Founder & Chief Executive Officer Veteran technology entrepreneur Patrick Markert founded AmeriSave Mortgage in 2002 with the goal of making homeownership more affordable for more Americans.

On Tuesday, October 17, 2023, the national average 30-year fixed mortgage APR is 7.91%. The average 30-year fixed refinance APR is 8.07%, according to Bankrate's latest survey of the nation's largest mortgage lenders. On Tuesday, October 17, 2023, the national average 30-year fixed mortgage APR is 7.91%.

What type of home loan has the lowest interest rate? VA loans typically have the lowest interest rates. However, the VA program is only available to eligible service members and veterans. For non-VA buyers with strong credit, a conventional loan will typically offer the lowest rates.

Best FHA mortgage rates

• Better: 4.19%
• Home Point Financial: 4.25%
• DHA Mortgage Company: 4.32%
• Citizens Bank: 4.37%
• Bank of America: 4.40%
• Amerisave: 4.41%
• Rocket: 4.50%
• Nationstar: 4.54%