Key Takeaways
- AmeriSave and Rocket Mortgage focus on different loans. In 2025, 95.7% of AmeriSave’s loans were cash-out refinances, while Rocket Mortgage made 136,453 home purchase loans in addition to its refinances, according to federal HMDA data.
- Rocket Mortgage had lower typical fees for homebuyers. On 2025 home purchase loans, the median origination charge excluding reported discount points was $1,050 at Rocket Mortgage and $1,495 at AmeriSave.
- Beyond fees, three factors decide the better fit: the type of loan you need, where the property is located, and what each lender quotes you on the same day.
Tomo Mortgage publishes this comparison and is included as one of the lenders below. We use public lender disclosures and federal HMDA data for the comparisons shown.
Who’s in the game
AmeriSave is based in Sandy Springs, Georgia, and has been in business for more than 23 years. It lends in 49 states and DC, everywhere except New York. HMDA data shows it originated 24,298 loans worth about $3.5 billion in 2025; about half were second liens.
Rocket Mortgage was founded by Dan Gilbert in 1985 as Rock Financial and is based in Detroit. It calls itself America’s largest lender, based on 2025 HMDA loan counts excluding correspondent loans, and HMDA shows 429,332 originations worth about $116.2 billion that year. It both makes and services mortgages.
Tomo Mortgage was founded in 2020 by former Zillow executives and is based in New York. It lends in 40 states and DC, and HMDA data shows it originated 3,501 home purchase loans worth about $1.5 billion in 2025
AmeriSave vs. Rocket Mortgage at a glance
| AmeriSave | Rocket Mortgage | Tomo Mortgage | |
| Where it lends | 49 states + DC (not NY) | 50 states + DC | 40 states + DC |
| Founded | 2002 | 1985 | 2020 |
| Loans originated, 2025 (HMDA) | 24,298 (about $3.5 billion) | 429,332 (about $116.2 billion) | 3,501 (about $1.5 billion) |
| Share that were home purchase loans, 2025 | 3.0% | 31.8% | 100% |
| Average home purchase loan, 2025 | $296,005 | $371,419 | $427,331 |
| Published lender fee on purchase and refi mortgages | Not published | Not published | $0 |
| Median origination charge excluding reported discount points, home purchase loans, 2025 | $1,495 | $1,050 | $0 |
| Median total loan costs, home purchase loans, 2025 | $9,155 | $6,816 | $4,298 |
| Price guarantee | Meet or Beat: beats a same-day offer on APR or pays $1,000 (conventional and government loans) | Not published | Price Match Guarantee |
| Preapproval | Certified Approval Letter; rate lock up to 90 days | Verified Approval Letter; underwriter-verified, typically a hard credit pull | Soft credit check; letter good for 120 days |
| ConsumerAffairs rating | 4.6 (6,454 reviews) | 3.8 (3,353 reviews) | 4.5 (84 reviews) |
Verified September 28, 2026. HMDA figures are 2025 FFIEC data. HMDA is federal mortgage reporting data that shows actual originated loans rather than advertised pricing. Average-loan and fee rows cover originated home purchase loans. “Origination charge excluding reported discount points” is calculated using the origination-charge and discount-point amounts reported in HMDA. Each lender’s loan mix differs, so medians describe typical pricing, not a quote. ConsumerAffairs ratings and review counts as of September 28, 2026.
How to judge mortgage lenders
Lender Fees
Think of the interest rate as the sticker price, and points plus lender fees as the rest of the receipt. Compare them together.
Tomo Mortgage charges $0 in lender fees on purchase and refi mortgages: no origination, processing or underwriting fees. AmeriSave and Rocket Mortgage don’t publish theirs.
HMDA data shows what borrowers actually paid. On 2025 home purchase loans, the median origination charge excluding reported discount points was $1,495 at AmeriSave, $1,050 at Rocket Mortgage and $0 at Tomo Mortgage. Median total loan costs were $9,155, $6,816 and $4,298.
Loan sizes differ, so percentages help. The average home purchase loan was $296,005 at AmeriSave, $371,419 at Rocket Mortgage and $427,331 at Tomo Mortgage. Including reported discount points, the median origination charge as a percentage of loan amount was 2.46% at AmeriSave, 1.06% at Rocket Mortgage and 0.07% at Tomo Mortgage.
The kind of loan and where
The lowest price only helps if the lender makes your kind of loan where you’re buying.
AmeriSave’s 2025 lending was mostly cash-out refinancing: 95.7% of its loans, with about half of all its loans second liens. It made 736 home purchase loans. It offers home equity loans and HELOCs, and lends everywhere but New York.
Rocket Mortgage’s 2025 lending was more of a mix. It made 136,453 home purchase loans, 201,358 cash-out refinances and 72,649 standard refinances, and it’s licensed in all 50 states and DC.
Tomo Mortgage’s 2025 HMDA loans were all home purchase loans. It offers conventional, 15-year, FHA, VA and jumbo mortgages, lists refinancing as a product, and lends in 40 states and DC.
Preapproval
Each lender builds its preapproval differently:
- Rocket Mortgage: its Verified Approval Letter has an underwriter verify your documents up front, and typically involves a hard credit pull.
- AmeriSave: its Lock & Shop program locks your rate for up to 90 days and comes with a Certified Approval Letter.
- Tomo Mortgage: it uses a soft credit check at preapproval, and its letters are good for 120 days.
Price guarantees
AmeriSave’s Meet or Beat compares your competing Loan Estimate by APR, not interest rate. If AmeriSave can’t beat an offer dated the same day as its quote, it pays $1,000 after you close with the other lender. It covers conventional and government loans, not jumbo loans or HELOCs.
Tomo Mortgage’s Price Match Guarantee covers both rates and closing costs. It has these conditions:
- The competing Loan Estimate is dated within one business day of when you send it, and includes the other lender’s contact information.
- The loan is for a primary residence, with one match per loan.
- The loan amount, term and property type are the same.
Rocket Mortgage doesn’t publish a price guarantee.
Customer ratings
On ConsumerAffairs, AmeriSave has 4.6 stars from 6,454 reviews and Rocket Mortgage has 3.8 stars from 3,353, as of September 28, 2026. Tomo Mortgage has 4.5 stars from 84 reviews. ConsumerAffairs is used here as a consistent third-party review source across all three lenders.
Should you choose AmeriSave or Rocket Mortgage?
AmeriSave may fit if you’re tapping home equity through a cash-out refinance, home equity loan or HELOC, with a lender whose 2025 business was mostly cash-out refinancing. It also fits if you want a written Meet or Beat offer on a conventional or government loan, or a rate lock of up to 90 days while you shop.
Rocket Mortgage may fit if you want the biggest lender by Rocket Mortgage’s own measure of 2025 HMDA loan counts. It also fits if you’re borrowing in New York, where AmeriSave isn’t licensed, or you want an underwriter to verify your documents before you make an offer. Rocket Mortgage also services the loans it makes.
Tomo Mortgage may fit if you’re buying a home in one of its 40 states or DC and want $0 lender fees on purchase and refi mortgages. Its median origination charge excluding reported discount points on 2025 home purchase loans was $0, per HMDA. Its Price Match Guarantee covers comparable Loan Estimates for primary residences, dated within one business day of when you send them.
Tomo Mortgage, LLC · NMLS #2059741 · Equal Housing Lender. AmeriSave and Rocket Mortgage are trademarks of their respective owners. This comparison is independent and not endorsed by either company.
Frequently Asked Questions
Is AmeriSave or Rocket Mortgage cheaper?
It depends on your quote, so compare Loan Estimates from both on the same day. On 2025 home purchase loans, HMDA data shows a median origination charge excluding reported discount points of $1,495 at AmeriSave and $1,050 at Rocket Mortgage. Median total loan costs were $9,155 and $6,816.
Does AmeriSave make home purchase loans?
Yes. AmeriSave made 736 home purchase loans in 2025, per HMDA data, though 95.7% of its loans that year were cash-out refinances.
Where do AmeriSave and Rocket Mortgage lend
AmeriSave lends in 49 states and DC; it isn’t licensed to originate in New York. Rocket Mortgage is licensed in all 50 states and DC.
Does Rocket Mortgage charge lender fees?
Rocket Mortgage doesn’t list its lender fees on its rate page. On its 2025 home purchase loans, HMDA data shows a median origination charge excluding reported discount points of $1,050.
What is AmeriSave’s Meet or Beat offer?
If AmeriSave can’t beat a competing Loan Estimate, compared by APR and dated the same day as its quote, it pays $1,000 after you close with the other lender. It applies to conventional and government loans, not jumbo loans or HELOCs, and has other conditions.
Does Tomo Mortgage charge lender fees?
No. Tomo Mortgage charges $0 in lender fees on purchase and refi mortgages: no origination, processing or underwriting fees.