620 The minimum credit score for AmeriSave's conventional home loans is 620, while FHA , VA , and USDA loans require a minimum credit score of 600.

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.

AmeriSave originates a healthy volume of FHA and VA loans and also offers a home equity line of credit. But the lender requires a soft credit inquiry to see customized rates, and although its mortgage rates are competitive, its origination fees are on the high side.

AmeriSave Mortgage is an online lender that outshines many traditional banks with its competitive mortgage rates and wide array of mortgage products, from FHA loans to cash-out refinancing and everything in-between.

Most lenders offer FHA loans starting at a 580 credit score. If your score is 580 or higher, you can put only 3.5% down. Those with lower credit scores (500–579) may still qualify for an FHA loan. But they'd need to put at least 10% down, and it's more difficult to find a willing lender.

620 credit score Conventional loans ($9,000 down) In case of a $300,000 home, that translates to a down payment of $9,000, which is the lowest possible unless you qualify for a zero-down-payment VA or USDA loan. A 620 credit score is typically required, but lenders might have different rules.

A group of 11 former employees are accusing AmeriSave Mortgage Corp. in a new lawsuit of failing to pay the wages, bonuses and commissions that were agreed to when they were hired by the company. The group also alleges that the company conducted a defamatory campaign against them after their layoffs in July 2022.

More than 100 laid off employees are suing AmeriSave Mortgage Corp., claiming the company lied about its financial health, failed to pay wages and bonuses, and even defamed them.

Here again, copies of W-2 statements for the previous two years and two recent pay stubs can work to verify this type of income. If a substantial part of your income is commission-based earnings, your lender may need to obtain copies of recent tax returns to verify the earnings.

What can I get with a 550 credit score? Some lenders like Avant can fund loans for up to $35,000 for borrowers with a minimum credit score of 550. You might also be able to qualify for a car loan or credit card. It depends on what you need the money for and how much you need.

Secured loans tend to have less stringent requirements and more favorable terms because the lender can take your collateral if you miss your loan payments. Some of the easiest loans to get in this category include auto title loans and pawnshop loans, but these also tend to be relatively expensive loans.

To purchase a $300K house, you may need to make between $50,000 and $74,500 a year. This is a rule of thumb, and the specific salary will vary depending on your credit score, debt-to-income ratio, type of home loan, loan term, and mortgage rate.