Is AmeriSave Home Equity Lines of Credit the right fit for you?

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Last Updated: 05/06/2026

AmeriSave Home Equity Lines of Credit

in Home Equity Lines of Credit from Amerisave Mortgage Corporation

Last Updated: 05/06/2026

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Mostly recommended19 total votes

11 users recommend

4 users are unsure

4 users don't recommend

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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

Pros

Cons

In 3 minutes, can get customized rates & all programs prequalified without giving SSN or hard credit pull.
Real-time prequalification.
Prequalification without hard credit pull.
No origination fees.
No prepayment penalty.
Available in 46 states.

Does not finance mobile homes.
Only considers applicants with good credit.

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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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

Home Equity Loans

25 Reviews

Home Mortgage Loans

30 Reviews

Mortgage Refinance

43 Reviews

SuperMoney Net Recommendation Score

SuperMoney users mostly recommend this product, giving it a user recommendation score of +37, or 3.7 on a 5-point rating scale.

+37

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

AmeriSave Home Equity Lines of Credit Community Reviews

Would you recommend AmeriSave Home Equity Lines of Credit to your friends?

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Bamigbola I.

Dec 29, 2025

May or may not recommend

What I appreciated most about AmeriSave was how modern and streamlined the process felt. Locking my rate was quick, and I knew exactly what to expect before moving forward. Overall, it felt like a reliable option for accessing home equity with no unnecessary surprises.

Tabitha P.

Dec 27, 2025

May or may not recommend

AmeriSave stood out because everything was straightforward from the beginning. No origination fees and no prepayment penalties made the terms easy to feel comfortable with. Customer support was clear and helpful whenever I had questions.

Francis A.

Dec 27, 2025

May or may not recommend

My experience with AmeriSave’s HELOC was fast, simple, and very transparent. I liked that I could get prequalified in minutes without a hard credit pull or sharing my SSN upfront. The team was responsive and made the process feel efficient and professional.

Sarah S.

Dec 20, 2025

May or may not recommend

Upstart Mortgage made me feel confident even with fair credit, which most lenders didn’t. Their service was straightforward, no hidden fees, and very transparent from day one. Funding came faster than expected, and the whole experience felt modern and stress-free.

Anonymous

Dec 16, 2025

May or may not recommend

It just seems like a trust worthy company to do Business with

Anonymous

Jul 22, 2025

May or may not recommend

I liked how you can get rates without giving my SSN or a hard credit pull.

Showing 19 of 19 reviews