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The Yahoo view: AmeriHome Mortgage offers various mortgage loan options and borrower incentives, which could reduce your out-of-pocket costs. However, if you’re located in Hawaii, Massachusetts, or New York — or you want a USDA loan, home equity loan, or HELOC — you’ll need to look elsewhere.
AmeriHome Mortgage is a national mortgage lender that offers loans in 47 U.S. states. The company provides a variety of mortgage options, including conventional, FHA, VA, non-qualified, and jumbo loans. There are also interest rate buydown options to help you lower your interest rate by up to 3%.
The company has high customer ratings, boasting 4.1 out of 5 stars on Trustpilot and an A+ rating from the Better Business Bureau. It also rates higher than average on J.D. Power’s 2024 servicing customer satisfaction survey.
Learn more: How to buy down your mortgage interest rate
Key benefits
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AmeriHome offers many loan options for both new home buyers and existing homeowners looking to refinance a mortgage.
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The lender accepts alternative credit data, such as bank statements and assets, for non-qualified mortgages. This has earned AmeriHome a spot on Yahoo Finance's list of the best mortgage lenders for poor credit.
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Repeat AmeriHome customers can get up to $750 in credits when refinancing or buying a second home through the lender.
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The company provides free “mortgage checkups” every six months to help you determine if your current mortgage is still meeting your personal finance goals.
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Its mortgage rate buydowns could lower your rate by up to 3%.
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The lender has high ratings, with a 4.1 out of 5 stars on Trustpilot and an A+ with the Better Business Bureau.
Need to know
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AmeriHome only originates mortgages in 47 states. If you’re in Hawaii, Massachusetts, or New York, you will need to look elsewhere.
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The lender has no physical branches. You can apply online or call a loan officer to start your application.
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There are no USDA loans, home equity loans, or HELOCs available through AmeriHome.
Get started by visiting AmeriHome Mortgage’s website.
AmeriHome home loan product offerings
AmeriHome Mortgage offers:
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Conventional loans
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Jumbo loans
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FHA loans
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VA loans
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Purchase loans
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Refinancing
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Cash-out refinancing
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Fixed-rate mortgages
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Adjustable-rate mortgages
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Interest-only loans
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Second home loans
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Non-QM loans
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Investment property loans
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Mortgage rate buydowns
AmeriHome does not offer:
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USDA loans
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Lot loans
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Construction loans
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Guest house loans
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Energy-efficient mortgages
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Renovation loans
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1% down loans
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Bridge loans
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Manufactured housing loans
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Piggyback loans
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ITIN mortgages
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Medical professional mortgages
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HELOCs
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Home equity loans
Dig deeper: Non-QM loans — How a non-qualified mortgage can help you buy a house
AmeriHome Mortgage for FHA loan home buyers
AmeriHome offers FHA purchase loans and FHA streamline refinances, which allow you to refinance an existing FHA mortgage into a new one with little paperwork.
FHA loans account for over a quarter of AmeriHome’s total mortgage origination volume, according to 2023 Home Mortgage Disclosure Act data, and are the lender’s second-most popular mortgage product behind conventional loans.
Learn more: Best FHA loan lenders
AmeriHome Mortgage for home equity lending
There are no home equity loan or home equity line of credit (HELOC) options at AmeriHome Mortgage. However, the lender does offer cash-out refinancing, another way to borrow from your home’s equity. With cash-out refinances, you take out a new mortgage loan larger than your current one. The new loan pays off the old balance, and you get the difference back in cash.
You can use the funds from a cash-out refinance for any purpose. Many homeowners use the money to pay for home repairs, consolidate debt, or cover unexpected bills or expenses.
Read more: How does a cash-out refinance work?
AmeriHome Mortgage interest rates 2025
AmeriHome isn’t super up-front with its mortgage rates. There are no advertised or sample rates on the website, though you can get an “instant” rate quote by answering a few quick questions about yourself, your home-buying or refinancing goals, and your credit score. You also have to provide your contact information. The tool then displays several loan options as well as the estimated rate and monthly payment.
Read more: How to get the lowest mortgage rates
How AmeriHome scores on mortgage rates and loan costs
Yahoo Finance uses 2023 Home Mortgage Disclosure Act (HMDA) data of 10 million home loan applications to score mortgage lenders on issued mortgage rates and total loan costs. We score each lender on a scale of 1 (lowest) to 5 (highest).
For example, regarding mortgage rates, a lender with a lower score charged a higher-than-median mortgage interest rate for loans issued in 2023. A higher score indicates that a lender granted borrowers lower-than-median home loan interest rates in 2023.
With total home loan costs, a lower score would indicate that a lender charged higher-than-median total home loan costs in 2023. A high rating would mean a mortgage lender offered lower-than-median all-in home loan costs in 2023.
AmeriHome Mortgage home loan rates score: 3 out of 5 stars
AmeriHome Mortgage total loan costs score: 3 out of 5 stars
What this means: AmeriHome offered a typical mortgage rate of 6.625% and a typical total loan cost of $6,686.60 to borrowers in 2023.
Applying for a mortgage with AmeriHome
To apply for an AmeriHome mortgage, you must create an account in the lender’s online portal. You can then fill out the digital application and submit any required documentation.
The lender has no physical branches, so applying in person is not an option. You can apply over the phone by calling 844-272-5617 or 877-205-0768.
AmeriHome Mortgage preapproval
To get preapproved with AmeriHome, you’ll need to fill out an online application and submit documentation, including employment history, bank statements, tax returns, and more.
AmeriHome will issue a preapproval letter, including your estimated loan amount, on the business day after you submit your documentation and application.
Dig deeper: What documents do I need for mortgage loan preapproval?
AmeriHome Mortgage home-buyer tools and calculators
AmeriHome offers quite a wide range of home-buyer resources. The lender has an informative blog, a video library, and various financial calculators. There are payment amortization, rent vs. own, APR, debt consolidation, prepayment savings, early payoff, tax savings, and refinance break-even point calculators — this last one helps you determine when a refinance may be worth the cost.
Learn more: Use the Yahoo Finance mortgage calculator
AmeriHome Mortgage pros and cons
Pros
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Robust online features: AmeriHome offers a plethora of online tools and resources for potential borrowers, including calculators, articles, videos, and more, giving it 5 stars in our Online Features category.
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Strong affordability: The lender offers government-backed loan options, rate buydowns, and several loan options that allow for non-traditional credit. It gets 4 stars in Affordability.
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Good ratings: AmeriHome rates high on J.D. Power’s satisfaction survey, has an A+ rating with the BBB, and boasts a 4.1-star rating on Trustpilot.
Cons
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Average costs: According to government data, the lender's loan rates and fees are right around industry averages, giving it 3 stars in our Loan Costs and Rates categories.
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Rate transparency could be better: AmeriHome doesn’t display sample interest rates anywhere. Instead, it requires you to fill out a form for a custom rate quote online. It gets 3 stars for Rate Transparency.
Read more: What are the different types of government home loans?
How AmeriHome compares to other mortgage lenders
AmeriHome Mortgage vs. Pennymac mortgages
AmeriHome and Pennymac each offer many types of mortgage loans, but the two lenders differ slightly. While AmeriHome offers non-qualified mortgages and interest-only options, Pennymac has USDA and home equity loans.
Pennymac is more transparent about its mortgage rates, clearly displaying them on the lender’s homepage. AmeriHome’s buydown option is heftier, allowing you to lower your rate by up to 3% versus Pennymac’s 1%.
AmeriHome Mortgage vs. Guild Mortgage
AmeriHome may have a lot of loan options, but Guild Mortgage’s are far more vast. In addition to offering all the same products as AmeriHome, Guild also has USDA, lot, construction, energy-efficient, bridge, manufactured home, piggyback, ITIN, and medical professional loans. You can also get HELOCs and home equity loans at Guild.
Neither lender offers any advertised or sample rates, but both offer buydowns of up to 3%. Guild rates much higher than AmeriHome on J.D. Power’s satisfaction survey.
AmeriHome Mortgage FAQs
What bank owns AmeriHome mortgage?
AmeriHome Mortgage is a subsidiary of Western Alliance Bank, which is headquartered in Phoenix, Ariz.
Is AmeriHome a good company?
Ratings show that AmeriHome is a good company to work with. It boasts an A+ rating from the Better Business Bureau and 4.1 stars on Trustpilot.
How do I contact AmeriHome loans?
There are several ways to contact AmeriHome. You can call 888-469-0810, email consumersupport@amerihome.com, or submit a contact form on the AmeriHome website.
Methodology:
Yahoo Finance reviews and scores mortgage lenders with quintile scoring in five primary categories: 1) Interest rates. Using 2023 Home Mortgage Disclosure Act data comprised of 10 million home loan applications, we score mortgage lenders on issued mortgage rates below or above the annual median of reporting lenders. 2) Affordability. A measure of loan product availability and the willingness of a lender to offer government-backed loans, low down payments, down payment assistance, and consideration of nontraditional credit. 3) Loan costs. HMDA data is again analyzed, and lenders are rated based on total loan costs compared to the annual median. 4) Rate transparency. The ability of a website user to obtain a mortgage interest rate estimate. We score lenders based on whether rates are enhanced with discount points or high credit score requirements, disclaimers revealing rate assumptions, sample advertised rates, and whether adjustable or no discount point rate estimates are available. 5) Online features. An analysis of the educational material, calculators, and additional resources available to users.
Review of Nationwide Multistate Licensing System (NMLS) data on regulatory actions can trigger a penalty to the score of any lender with a consumer mortgage-related administrative or enforcement action within the past five years.
Advertisers or sponsorships do not influence ratings.
Editorial disclosure for mortgages:
The information in this article has not been reviewed or approved by any advertiser. The details on financial products, including interest rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the lender's website for the most current information. This site doesn't include all currently available offers.
This article was edited by Laura Grace Tarpley.
