Is AmeriSave Home Equity Lines of Credit the right fit for you?
Last Updated: 05/20/2026
AmeriSave Home Equity Lines of Credit
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Last Updated: 05/20/2026
SuperMoney User Recommendation Score +38
Mostly recommended26 total votes
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Highlights
Community Rating
Mostly recommended
Credit Score Range
Starting at 680
Amount Range
$25,000 - $500,000
Maximum LTV
85%
Minimum Draw
N/A
Loan Term (Years)
Up to 30
Number of Reviews
AmeriSave Home Equity Lines of Credit Review
AmeriSave Home Equity Lines of Credit is offered by Amerisave Mortgage Corporation (NMLS #1168), a direct lender founded in 2002 and based in Sandy Springs, GA. Amerisave are available in 46 states and Washington, DC.
Key Takeaways
- $500 lock fee. Borrowers must pay a $500 fee to lock a rate and close a loan. There is also the option to buy points to get a lower interest rate.
- Good credit required. You will need a credit score of at least 680 to qualify.
- Full draw required. Amerisave Mortgage Corporation requires borrowers to draw their line of credit in full.
- Investment and personal use properties considered. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
- No origination fees. AmeriSave Home Equity Lines of Credit does not charge fees for processing your application.
- High maximum LTV ratio. AmeriSave Home Equity Lines of Credit has a maximum loan to value ratio of 85%.
- Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for AmeriSave Home Equity Lines of Credit.
AmeriSave Home Equity Lines of Credit Pros & Cons
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AmeriSave Home Equity Lines of Credit FAQ
How much can you borrow with a HELOC?
HELOCs are lines of credit secured by your home. Once approved, you can access funds by check, phone, credit card, or online up to your credit limit.
Borrowers can apply for lines of credit of up to $500,000. The maximum amount depends on property value, existing mortgage balance, and creditworthiness.
The maximum loan-to-value (LTV) ratio goes up to 85%. This means total debt secured by the property cannot exceed this percentage of its value. For example, on a $100,000 home with a $20,000 mortgage balance, you may qualify for up to $65k in credit.
What are the terms for AmeriSave Home Equity Lines of Credit?
HELOCs include a draw period followed by a repayment period. During the draw period, borrowers can access funds as needed up to the credit limit.
AmeriSave Home Equity Lines of Credit offers home equity loans with a maximum term of 30 years and a draw period of up to 10 years.
Is there a minimum draw requirement?
No, there is no minimum draw requirement.
What fees does Amerisave charge for a HELOC?
Amerisave Mortgage Corporation does not charge origination fees.
What types of property can you use as security for a HELOC with Amerisave?
Amerisave Mortgage Corporation may consider HELOCs secured by the following property types:
- Primary residences
- Secondary or vacation homes
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Contact
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Hours of Operation
Sunday8:00AM - 9:00PMMonday8:00AM - 9:00PMTuesday8:00AM - 9:00PMWednesday8:00AM - 9:00PMThursday8:00AM - 9:00PMFriday8:00AM - 9:00PMSaturday8:00AM - 9:00PM
Other Services by Amerisave Mortgage Corporation
Mortgage Refinance
41
43 Reviews
SuperMoney Net Recommendation Score
SuperMoney users mostly recommend this product, giving it a user recommendation score of +38, or 3.8 on a 5-point rating scale.
+38
-1000+100
No one recommends
Everyone recommends
AmeriSave Home Equity Lines of Credit Community Reviews
Would you recommend AmeriSave Home Equity Lines of Credit to your friends?
GA
Grace A.
May 20, 2026
May or may not recommend
I had a smooth experience with AmeriSave. Funding was completed within a reasonable time, and the flexibility to use the HELOC for home improvements and debt consolidation was very helpful for my situation.
JD
Joel D.
May 20, 2026
May or may not recommend
AmeriSave offers some useful features like soft credit prequalification and no prepayment penalties. However, borrowers with lower credit scores may find the qualification requirements a bit strict.
SA
Simon A.
May 20, 2026
May or may not recommend
The online prequalification was quick and convenient. I appreciated the no origination fee feature, and the representatives were responsive whenever I had questions about the loan terms.
GO
Goodness O.
May 19, 2026
May or may not recommend
The application process was fairly straightforward, but there were a few extra documents requested along the way. Overall, the rates and terms were decent compared to other lenders I reviewed.
OG
Omoni G.
May 19, 2026
May or may not recommend
AmeriSave made the HELOC process much easier than I expected. I liked being able to check rates without a hard credit pull, and the approval process was handled professionally from start to finish.
MS
Michael S.
May 15, 2026
May or may not recommend
The full draw requirement was disappointing because I wanted more flexibility with my line of credit. The fees and strict qualification rules made it less appealing for me.
HB
Hitler B.
May 15, 2026
May or may not recommend
The prequalification process was fast and easy, and I liked that there was no hard credit pull at first. The rates were competitive, and customer service answered my questions clearly.AmeriSave made the HELOC process smooth from start to finish. I also appreciated that there were no origination or prepayment fees.
GR
Gabriel R.
May 6, 2026
May or may not recommend
What stood out to me was how easy it was to get prequalified and understand my options. The platform is simple to use, and I appreciated not being penalized for early repayment. It’s a solid choice if you have good credit and want a reliable HELOC option.
EK
Emmanuel K.
May 6, 2026
May or may not recommend
While the process started off quickly, the $500 rate lock fee and full draw requirement reduced flexibility for me. I also found the credit requirements a bit restrictive compared to other lenders. Overall, it didn’t feel like the best value after comparing other HELOC options.
SJ
Simon J.
May 5, 2026
May or may not recommend
I liked how transparent AmeriSave was with their loan options and requirements. The ability to include a co-borrower helped me qualify for better terms. Overall, it felt like a flexible and well-structured lending experience.
MA
Mary A.
Apr 15, 2026
May or may not recommend
It’s a useful financial tool, especially for homeowners. But the variable interest rates can be a bit unpredictable.
LB
Lucky B.
Apr 15, 2026
May or may not recommend
I’m not a big fan of the risk involved—using your home as collateral feels stressful. One mistake and you could lose your house.
SM
Sani M.
Apr 14, 2026
May or may not recommend
HELOCs offer good access to funds when needed. Still, the application process and requirements can be a bit strict.
BG
Bunsay G.
Apr 14, 2026
May or may not recommend
The lower interest rates compared to credit cards make a big difference. It’s a smart option if you use it responsibly.
BF
Bailey F.
Apr 9, 2026
May or may not recommend
I like how flexible a HELOC is—you only borrow what you need and pay interest on that. It’s been really helpful for managing big expenses.
NA
Nalan A.
Apr 3, 2026
May or may not recommend
AmeriSave made the HELOC process feel simple and straightforward from the beginning. I appreciated being able to check rates and get prequalified quickly without a hard credit pull, which gave me confidence before moving forward. The absence of origination fees also helped reduce upfront costs, making the overall experience feel worthwhile.
LJ
Luna J.
Apr 3, 2026
May or may not recommend
The prequalification process was quick and informative, but the $500 lock fee is something borrowers should plan for ahead of time. The loan terms are competitive, though the overall experience felt similar to other online lenders without any standout differences.
AM
Avery M.
Apr 3, 2026
May or may not recommend
The online application was smooth, and I liked how fast I could see customized loan options. AmeriSave offered clear information about terms and repayment, and the flexibility to use funds for different property types was a big advantage. Overall, it felt like a convenient and modern lending experience.
VL
Victor L.
Dec 31, 2025
May or may not recommend
The prequalification was quick, but once I moved forward, I realized the good-credit requirement limited flexibility more than I expected. Having to commit to a full draw made it feel less like a true line of credit. It may work for some, but it wasn’t the best fit for my situation.
KS
Kammy S.
Dec 29, 2025
May or may not recommend
I was a bit disappointed with AmeriSave’s HELOC because of the $500 rate lock fee and the requirement to draw the full line upfront. While the process itself was smooth, those terms weren’t as flexible as I expected. It’s a decent option, but I wish the costs and draw rules were more borrower-friendly.
Showing 20 of 26 reviews
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