Amerivalue mortgage review ”2019” | finder.com

Amerivalue mortgage review

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Amerivalue mortgage
  • No login required
  • A+ BBB rating
  • Equal housing lender

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Compare and get a mortgage from companies like Amerivalue mortgage.

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Complete a questionnaire for quotes from multiple lenders.

Amerivalue is a matching service that connects potential home buyers and mortgage lenders. To get a quote, you fill out a form and the website connects you with matching lenders.

However, it’s owned by the marketing firm, LeadPoint, so your contact information is used for marketing purposes. Customers have complained of multiple unwanted calls and emails after filling out the questionnaire.

Name Amerivalue mortgage
Description Amerivalue Mortgage
Loan types Purchase, Refinance, Jumbo, Home Equity, Fixed, Adjustable, VA
Minimum credit 680
Minimum down payment 3%
Origination fee N/A
Other fees You pay nothing in fees to use the Amerivalue website.

Should you choose a lender, the fees vary depending on your loan, financial situation and the lender. And you’ll only know the cost after you apply and compare lenders’ offers.
There are almost no user reviews online regarding Amerivalue. But LeadPoint the company that owns Amerivalue is rated A+ by the Better Business Bureau where it’s been accredited since 2006.

Nine complaints and four reviews stand on the BBB website and revolve around getting spam email from the company. This is common when marketplaces share your info with multiple lenders.

What makes Amerivalue unique?

Amerivalue isn’t a direct lender. Instead, connects potential home buyers with up to five potential lenders. You’ll pay no upfront fees to get your quotes. However, you can only get quotes for a personal loan or a refinancing loan.

Also, know that by submitting your phone number and email you’re giving consent to receive marketing calls and emails.

Do I qualify for a loan with Amerivalue?

To get a quote you need to have a credit score of 680 or higher. If you do, fill out a questionnaire and then you will get offers from lenders to which you most likely qualify.

What are the benefits of getting a mortgage through Amerivalue?

  • Quotes from multiple lenders. You can get quotes from up to five lenders, saving you time from applying on your own.
  • Various loan types. Choose from fixed- and variable-rate mortgages, or you can choose to get Veteran Affairs (VA) loans if you qualify.
  • No hard pull. You can get a quote without using your Social Security number, so there’s no hard pull on your credit.

What to watch out for

  • Potential phone call and email spam. Customers report that they received phone calls and email spam from the company’s owner, LeadPoint.
  • No loans for commercial properties. Only residential properties mortgage loans are available through Amerivalue.
  • No FHA loans. If you’re looking to get an FHA loan, look elsewhere.
  • High credit score requirements. To get a quote, you need to have a credit score of 680 or higher.
  • Fees unknown until you apply. Once you fill out the questionnaire and get your quotes, then you’ll find out the fees you’ll pay on your mortgage.

Compare to other lenders

Name Product Min. down payment Origination fee
3.5%
Depends
Connect with vetted home loan lenders quickly through this online marketplace.
Vylla
Vylla
3%
Depends
Explore financing options and home shopping services all on the same website.
3%
0.5% to 1.0%
Flexible options, fast approvals and support online backed by a trusted brand.
3%
0.5% to 1.0%
Streamline your mortgage from quote to final payment — all from your computer or phone.

Compare up to 4 providers

How to get started?

  1. Visit the Amerivalue website.
  2. Select a mortgage loan or a refinancing loan.
  3. Choose property type and what kind of property are you looking to buy — primary or investment property.
  4. Provide information about the cost of the property and your down payment.
  5. Answer financial questions, such as can you verify your income, what is your credit score and have you made late payments during the past year.
  6. Enter your full name and contact information.
  7. Receive mortgage loan quotes from lenders.

Required documentation

Amerivalue requires no personal documentation to give you quotes. If you decide to apply for one of the loans offered to you, you may need:

  • Credit history
  • Bank statements
  • Renting history
  • Credit history
  • Bank statements
  • Renting history

I got the loan. Now what?

Make biweekly payments. Try to pay your mortgage once every other week instead of once a month. In the long run, you can save thousands of dollars on interest payments each year.

Customer service. Amerivalue offers no phone contact information. You can only reach it through the online form on its website.

Bottom line

With Amerivalue, you can get multiple mortgage loan offers on one website. There are no fees for this service but the contact information you provide can be used for marketing.

If Amerivalue isn’t for you, check out other mortgage lenders and compare your options.

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