AmeriSave Mortgage Review

A large online lender with a $19.3M CFPB bait-and-switch order behind it, still promoting rate locks.

By Michael Hewitt, Founder & Editor-in-Chief. Rates last checked September 9, 2026.

Our verdict

AmeriSave suits borrowers who'll hold its same-day quote against the Loan Estimate line by line, because its $19.3M CFPB consent order was over a bait-and-switch on quoted rates. Scale isn't the concern, with over $130 billion funded by the company's count. The federal record, plus a 95.7% on-time complaint response rate that is the lowest in its group, holds the grade down.

Skip it if you won't compare the Loan Estimate against the quote line by line, or a CFPB bait-and-switch order is a dealbreaker.

About AmeriSave Mortgage

A large online lender with a $19.3M CFPB bait-and-switch order behind it, still promoting rate locks. AmeriSave Mortgage is offered by AmeriSave Mortgage Corporation (NMLS #1168). Our editorial rating is 3.2 out of 5.

Best for: Borrowers who will compare the Loan Estimate against the quote line by line.

Editorial grade: B- (composite score 68/100).

Highlights

CFPB consent order (docket 2014-CFPB-0010): $19.3M for a deceptive bait-and-switch mortgage-lending scheme the Bureau said harmed tens of thousands of consumers
1,751 CFPB complaints all-time, 376 in the last three years
95.7% of recent complaints answered on time, the lowest on-time rate of any lender in this group, where all the others are at 100%
11.7% of recent complaints closed with money back, which means a real share of them were substantiated

What we like

Genuinely large: the company states over $130 billion funded across 23 years
Fully online application with same-day rate quotes
The 11.7% monetary-relief rate means complaints that are upheld do get paid, which is better than a lender that settles nothing

Where it falls short

The federal enforcement record is about the exact thing this offer promotes: quoted rates and rate-lock protection
39 recent complaints about improper use of a credit report and 24 about incorrect credit reporting: a pattern for a lender marketing instant quotes
70 recent complaints about trouble during the payment process and 45 from borrowers struggling to pay

Fees, minimums, and rates

Monthly fee: Not published; quoted on your Loan Estimate. Minimum to open: Not stated. Rates and fees last checked on September 9, 2026.

How we reviewed it

This is a desk review: we have not opened an account with AmeriSave Mortgage Corporation (NMLS #1168). It is built from AmeriSave Mortgage Corporation (NMLS #1168)'s published rates, fee schedule and terms and from the public complaint record, and compared with the other products in the Purchase Mortgage shortlist. The rubric is the same for every brand.

Similar products to compare

Read our full editorial methodology for how we review products.