<PAGE>

--------------------------------------------------------------------------------

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    Form 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

          Date of Report (Date of earliest event reported) May 30, 2002

                      Accredited Mortgage Loan Trust 2003-1
                       (Issuer with respect to Securities)

                          Accredited Home Lenders, Inc.
            --------------------------------------------------------
             (Exact name of Registrant as specified in its charter)


         California                     333-100619              33-0426859
-------------------------------  ----------------------  -----------------------
(State or Other Jurisdiction         (Commission File       (I.R.S. Employer
     of Incorporation)                    Number)           Identification No.)


         Attention: General Counsel                                92128
          15030 Avenue of Science                             --------------
                Suite 100                                      (Zip Code)
              San Diego, CA
         ----------------------
(Address of Principal Executive Offices)

        Registrant's telephone number, including area code (858) 676-2100
                                                           --------------

                                    No Change
         ----------------------------------------------------------------
          (Former name or former address, if changed since last report)

--------------------------------------------------------------------------------

<PAGE>

Item 2. Acquisition or Disposition of Assets
        ------------------------------------

Description of the Notes and the Mortgage Loans

     Accredited Home Lenders, Inc. (the "Registrant") has registered issuances
of an aggregate of up to $2,000,000,000 in principal amount of asset-backed
securities, on a delayed or continuous basis pursuant to Rule 415 under the
Securities Act of 1933, as amended (the "Act"), by a Registration Statement on
Form S-3 (Registration File No. 333-100619) (as amended, the "Registration
Statement"). Pursuant to the Registration Statement, Accredited Mortgage Loan
Trust 2003-1, a Delaware business trust, issued $303,047,000 in aggregate
principal amount of its Accredited Mortgage Loan Asset-Backed Notes, Series
2003-1 (the "Notes") on May 30, 2003 (the "Closing Date"). This Current Report
on Form 8-K is being filed to satisfy an undertaking to file copies of certain
agreements executed in connection with the issuance of the Notes, the forms of
which were filed as Exhibits to the Registration Statement.

     The Notes were issued pursuant to an Indenture (the "Indenture") attached
hereto as EXHIBIT 4.1, dated as of May 1, 2003, between the Trust and Deutsche
Bank National Trust Company, in its capacity as indenture trustee (the
"Indenture Trustee"). The Notes evidence indebtedness of the Trust and consist
of three classes, the Class A-1 Notes (the "Class A-1 Notes"), the Class A-2
Notes (the "Class A-2 Notes") and the Class A-3 Notes (the "Class A-3 Notes").
Also issued, but not offered by the Trust are the Trust Certificates (the "Trust
Certificates") evidencing the ownership interest in the Trust.

     The primary assets of the Trust will consist of three groups of residential
mortgage loans. One group contains first lien fixed-rate mortgage loans and
relates primarily to the Class A-1 Notes. The other group contains first lien
adjustable-rate mortgage loans and relates primarily to the Class A-2 Notes. The
Class A-1 Notes have an aggregate principal amount of $104,201,000 and a fixed
interest rate of 3.58% per annum. The Class A-2 Notes have an aggregate
principal amount of $110,037,000 and a variable interest rate. The Class A-3
Notes have an aggregate principal amount of $88,809,000 and a variable interest
rate.






                                       2
<PAGE>

   Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
           -------------------------------------------------------------------

(a)  Not applicable

(b)  Not applicable

(c)  Exhibits:

     1.1 Underwriting Agreement, dated May 28, 2003, between Accredited Home
Lenders, Inc. and Lehman Brothers Inc.

     4.1 Indenture, dated as of May 1, 2003, among Accredited Mortgage Loan
Trust 2003-1, a Delaware business trust acting through its owner trustee, and
Deutsche Bank National Trust Company, as indenture trustee.

     4.2 Amended and Restated Trust Agreement, dated as of May 30, 2003, between
Accredited Home Lenders, Inc. and U.S. Bank Trust National Association, as Owner
Trustee.

     8.1 Opinion of Dewey Ballantine LLP regarding tax matters, dated as of May
30, 2003.

     10.1 Sale and Servicing Agreement, dated as of May 1, 2003, among
Accredited Home Lenders, Inc., as Sponsor and as Master Servicer, Accredited
Mortgage Loan Trust 2003-1, as Issuer, Countrywide Home Loans Servicing LP, as
Backup Servicer, and the Indenture Trustee.








                                       3
<PAGE>

                                   SIGNATURES


     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                       Accredited Mortgage Loan Trust 2003-1

                                       By:  Accredited Home Lenders, Inc.



                                       By:  /s/ James A. Konrath
                                          ----------------------------------
                                           Name: James A. Konrath
                                           Title: Chief Executive Officer



Dated:  May 30, 2003

<PAGE>

                                  EXHIBIT INDEX

     1.1 Underwriting Agreement, dated March 28, between Accredited Home
Lenders, Inc. and Lehman Brothers Inc.

     4.1 Indenture, dated as of May 1, 2003, among Accredited Mortgage Loan
Trust 2003-1, a Delaware business trust acting through its owner trustee, and
Deutsche Bank National Trust Company, as indenture trustee.

     4.2 Amended and Restated Trust Agreement, dated as of May 30, 2003, between
Accredited Home Lenders, Inc. and U.S. Bank Trust National Association, as Owner
Trustee.

     8.1 Opinion of Dewey Ballantine LLP regarding tax matters, dated as of May
30, 2003.

     10.1 Sale and Servicing Agreement, dated as of May 1, 2003, among
Accredited Home Lenders, Inc., as Sponsor and as Master Servicer, Accredited
Mortgage Loan Trust 2003-1, as Issuer, Countrywide Home Loans Servicing LP, as
Backup Servicer, and the Indenture Trustee.
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{"company-data": {"conformed-name": "ACCREDITED MORT LOAN TRUST  ASSET BACK NOTES SERIES 2003-1", "cik": "0001237273", "assigned-sic": "6189", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-100619-02", "film-number": "03745638"}, "business-address": {"street1": "11000 BROKEN LAND PARKWAY", "street2": "NORWEST BANK MINNESOTA", "city": "COLUMBIA", "state": "MD", "zip": "21044"}}
--------------------------------------------------------------------------------

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    Form 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

          Date of Report (Date of earliest event reported) May 30, 2002

                      Accredited Mortgage Loan Trust 2003-1
                       (Issuer with respect to Securities)

                          Accredited Home Lenders, Inc.
            --------------------------------------------------------
             (Exact name of Registrant as specified in its charter)

         California                     333-100619              33-0426859
-------------------------------  ----------------------  -----------------------
(State or Other Jurisdiction         (Commission File       (I.R.S. Employer
     of Incorporation)                    Number)           Identification No.)

         Attention: General Counsel                                92128
          15030 Avenue of Science                             --------------
                Suite 100                                      (Zip Code)
              San Diego, CA
         ----------------------
(Address of Principal Executive Offices)

        Registrant's telephone number, including area code (858) 676-2100
                                                           --------------

                                    No Change
         ----------------------------------------------------------------
          (Former name or former address, if changed since last report)

--------------------------------------------------------------------------------
Item 2. Acquisition or Disposition of Assets
        ------------------------------------

Description of the Notes and the Mortgage Loans

     Accredited Home Lenders, Inc. (the "Registrant") has registered issuances
of an aggregate of up to $2,000,000,000 in principal amount of asset-backed
securities, on a delayed or continuous basis pursuant to Rule 415 under the
Securities Act of 1933, as amended (the "Act"), by a Registration Statement on
Form S-3 (Registration File No. 333-100619) (as amended, the "Registration
Statement"). Pursuant to the Registration Statement, Accredited Mortgage Loan
Trust 2003-1, a Delaware business trust, issued $303,047,000 in aggregate
principal amount of its Accredited Mortgage Loan Asset-Backed Notes, Series
2003-1 (the "Notes") on May 30, 2003 (the "Closing Date"). This Current Report
on Form 8-K is being filed to satisfy an undertaking to file copies of certain
agreements executed in connection with the issuance of the Notes, the forms of
which were filed as Exhibits to the Registration Statement.

     The Notes were issued pursuant to an Indenture (the "Indenture") attached
hereto as EXHIBIT 4.1, dated as of May 1, 2003, between the Trust and Deutsche
Bank National Trust Company, in its capacity as indenture trustee (the
"Indenture Trustee"). The Notes evidence indebtedness of the Trust and consist
of three classes, the Class A-1 Notes (the "Class A-1 Notes"), the Class A-2
Notes (the "Class A-2 Notes") and the Class A-3 Notes (the "Class A-3 Notes").
Also issued, but not offered by the Trust are the Trust Certificates (the "Trust
Certificates") evidencing the ownership interest in the Trust.

     The primary assets of the Trust will consist of three groups of residential
mortgage loans. One group contains first lien fixed-rate mortgage loans and
relates primarily to the Class A-1 Notes. The other group contains first lien
adjustable-rate mortgage loans and relates primarily to the Class A-2 Notes. The
Class A-1 Notes have an aggregate principal amount of $104,201,000 and a fixed
interest rate of 3.58% per annum. The Class A-2 Notes have an aggregate
principal amount of $110,037,000 and a variable interest rate. The Class A-3
Notes have an aggregate principal amount of $88,809,000 and a variable interest
rate.

                                       2
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
           -------------------------------------------------------------------

(a)  Not applicable

(b)  Not applicable

(c)  Exhibits:

     1.1 Underwriting Agreement, dated May 28, 2003, between Accredited Home
Lenders, Inc. and Lehman Brothers Inc.

     4.1 Indenture, dated as of May 1, 2003, among Accredited Mortgage Loan
Trust 2003-1, a Delaware business trust acting through its owner trustee, and
Deutsche Bank National Trust Company, as indenture trustee.

     4.2 Amended and Restated Trust Agreement, dated as of May 30, 2003, between
Accredited Home Lenders, Inc. and U.S. Bank Trust National Association, as Owner
Trustee.

     8.1 Opinion of Dewey Ballantine LLP regarding tax matters, dated as of May
30, 2003.

     10.1 Sale and Servicing Agreement, dated as of May 1, 2003, among
Accredited Home Lenders, Inc., as Sponsor and as Master Servicer, Accredited
Mortgage Loan Trust 2003-1, as Issuer, Countrywide Home Loans Servicing LP, as
Backup Servicer, and the Indenture Trustee.

                                       3
SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                       Accredited Mortgage Loan Trust 2003-1

                                       By:  Accredited Home Lenders, Inc.

                                       By:  /s/ James A. Konrath
                                          ----------------------------------
                                           Name: James A. Konrath
                                           Title: Chief Executive Officer

Dated:  May 30, 2003
EXHIBIT INDEX

     1.1 Underwriting Agreement, dated March 28, between Accredited Home
Lenders, Inc. and Lehman Brothers Inc.

     4.1 Indenture, dated as of May 1, 2003, among Accredited Mortgage Loan
Trust 2003-1, a Delaware business trust acting through its owner trustee, and
Deutsche Bank National Trust Company, as indenture trustee.

     4.2 Amended and Restated Trust Agreement, dated as of May 30, 2003, between
Accredited Home Lenders, Inc. and U.S. Bank Trust National Association, as Owner
Trustee.

     8.1 Opinion of Dewey Ballantine LLP regarding tax matters, dated as of May
30, 2003.

     10.1 Sale and Servicing Agreement, dated as of May 1, 2003, among
Accredited Home Lenders, Inc., as Sponsor and as Master Servicer, Accredited
Mortgage Loan Trust 2003-1, as Issuer, Countrywide Home Loans Servicing LP, as
Backup Servicer, and the Indenture Trustee.