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Home Equity Lines of Credit
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Last Updated: 02/12/2026

AmeriSave Home Equity Lines of Credit

in Home Equity Lines of Credit from Amerisave Mortgage Corporation

Last Updated: 02/12/2026

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Mostly recommended8 total votes
5 users recommend
1 users are unsure
2 users don't recommend
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Highlights

Community Rating

Mostly recommended

Credit Score Range

Starting at 680

Amount Range

$25,000 - $350,000

Maximum LTV

85%

Minimum Draw

N/A

Loan Term (Years)

Up to 30

Number of Reviews

8
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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%.

AmeriSave Home Equity Lines of Credit Pros & Cons

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 $350,000. 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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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

1200 Altmore Ave
Suite 600
Sandy Springs, GA 30342
(866) 970-7283
Visit Site
Email Support

Hours of Operation

Sunday
8:00AM - 9:00PM
Monday
8:00AM - 9:00PM
Tuesday
8:00AM - 9:00PM
Wednesday
8:00AM - 9:00PM
Thursday
8:00AM - 9:00PM
Friday
8:00AM - 9:00PM
Saturday
8:00AM - 9:00PM

Other Services by Amerisave Mortgage Corporation