Lender review
AmeriSave Mortgage review: what Michigan borrowers should know
AmeriSave is one of the largest online mortgage lenders and one of the few that lets Michigan borrowers pull real rate quotes online without a phone call first. It even keeps a Michigan branch. The digital-first model suits confident, self-directed buyers, but the flip side is uneven service and complaints about rate-lock and fee handling.
Best for: self-directed borrowers who want online rate quotes without a call
- Headquarters
- Atlanta, GA
- Founded
- 2002
- NMLS
- #1168
- Min. credit score
- 620
- Min. down payment
- 3%
- MSHDA MI Home Loan
- Not on the list
What works
- Instant online rate quotes without speaking to a loan officer
- Full product lineup including USDA and jumbo
- Maintains a Michigan branch alongside its online platform
What to watch
- Complaints about rate-lock changes and appraisal fees
- Digital-first model offers limited hand-holding
- Customer-service consistency is a recurring gripe
The full picture on AmeriSave Mortgage
AmeriSave is one of the largest online mortgage lenders, and it's one of the few that lets Michigan borrowers pull real rate quotes on its site before anyone calls. That suits shoppers who'd rather compare numbers at midnight than schedule a callback.
Built for the phone-averse
The Atlanta-based operation carries a full agency menu, USDA and jumbo included, and even keeps a Michigan branch on the map.
Where it stumbles
Complaints cluster around rate-lock changes that move mid-process and appraisal fees that catch people off guard.
The hands-off style leaves little support if your file turns complicated, so first-timers who want step-by-step guidance may find it thin.
Loan programs at AmeriSave Mortgage
Which core Michigan loan types AmeriSave Mortgage offers, with the typical minimum down payment for each program. Program floors are industry standards — AmeriSave Mortgage's own minimums or credit overlays may run higher.
| Loan program | Offered | Typical min. down |
|---|---|---|
| Conventional | ✓ Yes | 3% |
| FHA | ✓ Yes | 3.5% |
| VA | ✓ Yes | 0% |
| USDA | ✓ Yes | 0% |
| Jumbo | ✓ Yes | 10–20% |
| Construction | — No | — |
Where AmeriSave Mortgage's credit bar sits
AmeriSave Mortgage's roughly 620 minimum sits in the good credit range. Below, that 620 floor is plotted against the four broad credit tiers and the 620 median for the 55 Michigan lenders we track.
| AmeriSave Mortgage | Michigan median* | |
|---|---|---|
| Editorial score | 3.9 / 5 | 4.0 / 5 |
| Min. credit score | 620 | 620 |
| Loan programs offered | 5 | 5 |
| Michigan-headquartered | No | — |
*Median across the 55 Michigan lenders in our catalog.
Compare: Cardinal Financial Freedom Mortgage Union Home Mortgage This week's Michigan rates
AmeriSave Mortgage: frequently asked questions
What credit score do you need for a AmeriSave Mortgage mortgage?
AmeriSave Mortgage generally looks for a credit score around 620 on its most common loans. Its FHA loans can go lower — often to 580, or 500 with a larger down payment — while conventional and jumbo loans usually want higher scores. That 620 is a floor, not a promise: every lender layers on its own overlays, and approval still turns on your income, debts and the property.
Will AmeriSave Mortgage sell my mortgage after closing?
It may. Many lenders sell the servicing rights to a loan after closing, so ask AmeriSave Mortgage directly whether it retains servicing or transfers it — your rate and terms won't change either way.
Independent and unpaid — AmeriSave Mortgage did not pay for placement. How we score every lender (and where our rate data comes from) is set out in our editorial policy. Figures reflect public information as of 2026-07-16 and can change; the only rate that binds a lender is a written Loan Estimate. Verify the license at NMLS Consumer Access (#1168). MSHDA status reflects the state's MI Home Loan lending-partners list dated June 12, 2026, which changes over time.