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What credit score do I need for amerisave?

AmeriSave’s minimum credit score is 600 or less through government loans when qualified, you’ll need to complete a prequalification to see if you’re eligible based on your credit history and debt-to-income (DTI) ratio.

What are amerisave loan qualifications?

AmeriSave loan qualifications vary by loan type, and requirements conform to guidelines published by Fannie Mae, Freddie Mac and government agencies. FHA, VA and USDA loans have less stringent credit qualifications and lower down payment requirements than conventional loans.

Is amerisave a good mortgage lender?

AmeriSave offers several mortgage loan products to fit your needs. For a conventional AmeriSave loan, you need a minimum credit score of 620 and a 3% down payment for first-time homebuyers. Other loan types differ. MoneyGeek’s AmeriSave mortgage review takes a closer look at the information above to help you decide if this lender is right for you.

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