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Types of Loans Offered
Fixed Rate, FHA, VA, Jumbo, Portfolio Loans
Types of Loans Offered
Fixed Rate, FHA, VA, Jumbo, Portfolio Loans
On the AmeriHome Mortgage website
Mortgage details
Types of Loans Offered
Fixed Rate, FHA, VA, Jumbo, Portfolio Loans
pros and cons
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Lender Overall Rating
pros and cons
AmeriHome Mortgage Interest Rates and Fees
AmeriHome does not display sample rates or disclose lender fees on its website. To understand the rates offered by this lender, you should use the “Instant Rate Estimate” tool.
To get an instant quote, enter your name, email address and phone number along with some basic information about the type of home you want to buy. No credit checks are required to confirm a rate quote. Providing this information allows us to see sample rates, monthly payments, and possible fees for various loan options.
Compare with other home loans
AmeriHome vs. SoFi Mortgage
Both AmeriHome and SoFi offer discounts to former customers, but AmeriHome is worth more. AmeriHome’s AmeriWallet offers customers up to $1,000 off closing costs, while SoFi offers a $500 discount on loan processing fees.
The caveat is that both are difficult to qualify for most people. To qualify for AmeriWallet, you must already have a mortgage through AmeriHome. To receive the SoFi discount, you must have a personal loan, student loan, or $50,000 balance in your SoFi Invest account.
If you’re looking for a wider range of mortgage options, AmeriHome might be a better fit. SoFi, on the other hand, is a good choice if you want a simple online experience.
AmeriHome vs. Chase Mortgage
Chase is the home loan lender of choice for low-income and first-time homebuyers thanks to DreaMaker mortgages that allow for a 3% down payment, reduced mortgage premiums, and flexible credit requirements. The DreaMaker mortgage can also be combined with Chase’s Homebuyer Grant. Chase’s Homebuyer Grant provides assistance with closing costs or a down payment of up to $5,000.
If you need a portfolio loan or are a former AmeriHome customer, AmeriHome may be a better option, but Chase’s special mortgage and subsidy options make it a strong contender. .
How AmeriHome Mortgage Works
AmeriHome Mortgage is available in 48 states and Washington DC. If you are buying or refinancing a home in Massachusetts or New York, you cannot get a mortgage with this lender.
AmeriHome offers Conformed, FHA, VA, Jumbo, and Portfolio Loans.
A portfolio loan is a mortgage that the lender keeps in a portfolio rather than selling it to another entity such as Fannie Mae or Freddie Mac. Because these mortgages are not for sale, they may be less stringent or have different eligibility requirements than compliant mortgages. AmeriHome says its portfolio loans are aimed at people who need to sell their current home and buy a new home, investors, the self-employed, and retirees.
AmeriHome only lends fixed rate loans, so you cannot get ARM with this lender. Mortgage terms vary from 10 to 30 years.
This lender can be started online or over the phone.
If you have previously purchased or refinanced through AmeriHome, you are eligible for a previous customer discount called AmeriWallet. This discount gives former customers a $500 discount on lender fees and up to $500 off appraisal fees.
Is AmeriHome Mortgage Trustworthy?
AmeriHome has an A+ rating from the Better Business Bureau. A strong BBB grade indicates that a company advertises honestly, responds effectively to customer complaints, and is transparent about its business practices. This lender has no recent public scandals.
On TrustPilot, AmeriHome is rated 4.7 out of 5 stars based on 2,476 customer reviews.
AmeriHome Mortgage FAQ
AmeriHome is a subsidiary of Western Alliance Bank. Founded in 2013 by current CEO Jim Furash.
No, AmeriHome has not changed its name. AmeriHome was acquired by Western Alliance Bank in 2021, but the merger did not change the name of the company.
No, AmeriHome does not have an app. Some lenders, such as Rocket Mortgage, offer apps that allow you to track your application status on your mobile device. If a mobile-first experience is important to you, check out our guide to the best online mortgage lenders.
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