AmeriSave Mortgage · Lender
AmeriSave Mortgage
Review published mortgage options and requirements, then request a personalized quote from the lender.
Availability: Not licensed to originate in NY. Not all products and options are available in all states. Terms subject to change without notice.
At a glance
- Property use
- Primary residence
- Credit requirement
- 620 is the typical floor on conventional community lending programs. Some programs accept alternative credit documentation for borrowers with thin files.
Still to confirm: Borrower type, Reserves.
Our take: Pros & Cons
What we like
- Official loan options include fixed-rate, adjustable-rate, FHA, VA, USDA, jumbo, DSCR and community lending mortgages.
- Rate-and-term and cash-out refinancing options are offered.
- DSCR investment financing uses rental-property income rather than personal income documentation.
What to consider
- SSN, ITIN, visa, foreign-credit and no-credit-history eligibility are not confirmed by the reviewed program pages.
- Income, assets, credit, down payment and property requirements vary by program; approval is not guaranteed.
- Not all products and options are available in all states.
AI-generated lender-level assessment based on published information. Not a verified assessment of Community Lending Programs to Help You Buy a Home; confirm program-specific conditions below.
Additional lender considerations
- Fixed-rate loans offer predictable principal-and-interest payments for the loan term.
- Advertised examples assume a particular cash-out refinance scenario; personalized rates, APR and fees may differ.
- Refinancing or consolidating debt may increase lifetime finance charges, extend debt repayment and reduce home equity.
Newcomer requirements
Community Lending Programs to Help You Buy a Home
Fit not assessed · Check fit
Verified published requirements for this program. Rate-example assumptions are separate and do not establish eligibility or approval.
- Foreign / alternative credit pathway
- If your credit file is thin, but you have a strong rental and utility payment history, some community programs accept alternative documentation.
- Minimum credit score
- 620 is the typical floor on conventional community lending programs. Some programs accept alternative credit documentation for borrowers with thin files.
- Minimum down payment
- Community lending programs allow 3% down with flexibility on down payment source (gifts, grants, assistance programs) and reduced mortgage insurance costs compared to standard conventional loans.
- Income documentation
- First-time home buyers are typically required to complete a HUD-approved homeownership education course before closing.
- State restrictions
- Eligibility usually requires buying in a specific census-designated tract or area.
- Property restrictions
- The home must be your primary residence. Investment properties and second homes don't qualify for community lending programs.
- Occupancy
- Primary residence
View full lender requirements
- Foreign / alternative credit pathway
- If your credit file is thin, but you have a strong rental and utility payment history, some community programs accept alternative documentation.
- Minimum credit score
- 620 is the typical floor on conventional community lending programs. Some programs accept alternative credit documentation for borrowers with thin files.
- Minimum down payment
- Community lending programs allow 3% down with flexibility on down payment source (gifts, grants, assistance programs) and reduced mortgage insurance costs compared to standard conventional loans.
- Income documentation
- First-time home buyers are typically required to complete a HUD-approved homeownership education course before closing.
- State restrictions
- Eligibility usually requires buying in a specific census-designated tract or area.
- Property restrictions
- The home must be your primary residence. Investment properties and second homes don't qualify for community lending programs.
- Occupancy
- Primary residence
- Other conditions
- Borrower income (or in some cases area-based limits) caps at 80% of area median income on most community lending programs. Some allow higher limits in designated low-income census tracts.
Questions to confirm with the lender (10)
These requirements have not been verified for this program:
- SSN
- ITIN
- U.S. credit history
- Foreign credit history
- No credit history
- Residency / visa
- Employment documentation
- Foreign income
- Foreign assets
- Reserves
Requirements last reviewed: Oct 25, 2026 · Official requirements source
Rates and costs
Community Lending Programs to Help You Buy a Home
Rates are available on request
No reviewed advertised rate example is linked to this program.
How to apply
Community Lending Programs to Help You Buy a Home
- First-time home buyers are typically required to complete a HUD-approved homeownership education course before closing.
- Confirm the program's identity, residency, credit and property requirements with the lender.
- Use the official application channel to request pricing for your actual scenario.
- Review the lender's written Loan Estimate, including costs and cash to close.
Published eligibility and availability do not guarantee approval. Confirm membership, relationship, property and occupancy conditions with the lender.
Sources and methodology
About this lender
Purchase and refinance mortgages with fixed-rate, adjustable-rate, FHA, VA, USDA, jumbo, DSCR investment and community lending options. Program eligibility, property, state availability and pricing vary; newcomer documentation pathways are not confirmed by the reviewed pages.
Legal lender: AmeriSave Mortgage Corporation
Lending channel: Direct lending
Provider type: Mortgage company
Lending channels: Direct lending. Origination status: Not stated.
NMLS identifier: 1168
Published service states: AK,AL,AR,AZ,CA,CO,CT,DC,DE,FL,GA,HI,IA,ID,IL,IN,KS,KY,LA,MA,MD,ME,MI,MN,MO,MS,MT,NC,ND,NE,NH,NJ,NM,NV,OH,OK,OR,PA,RI,SC,SD,TN,TX,UT,VA,VT,WA,WI,WV,WY
More lender directory information
Direct application information ↗
Not licensed to originate in NY. Not all products and options are available in all states. Terms subject to change without notice.
Directory verified: 2026-10-25 UTC · Official directory source ↗
Official mortgage terms · Profile reviewed: Oct 25, 2026
- Official lender source · Last checked Oct 25, 2026
What do APR, points, LTV and reserves mean?
- APR
- An annualized borrowing-cost measure that includes interest and certain loan charges. Read it alongside the interest rate and fees.
- Discount points
- An upfront charge expressed as a percentage of the loan amount. Compare the quoted interest rate and the points together.
- LTV
- Loan-to-value: the loan amount relative to the property's value.
- Reserves
- Assets the lender may require you to retain after closing. Requirements differ by program.