AmeriSave Mortgage Corporation: 2026 Home Equity Review

Affordability: 3 stars

• APR: AmeriSave doesn’t publish any of its rates online. To get a quote, you’ll have to provide the lender with basic information about your finances, the loan you want to get and the property you’ll be borrowing against. 

AmeriSave earns a 3 out of 5 for affordability because its lack of rate transparency makes it harder for borrowers to compare options.

Availability: 4.6 stars

• Licensing: AmeriSave has a broad reach. It’s licensed in every state except New York, but note that some products aren’t available in all states. 
• Credit score: AmeriSave requires a minimum score of at least 640 to borrow up to 85 percent of your home’s value and a minimum score of at least 680 to borrow up to 90 percent. These requirements are common among home equity lenders.
• Loan minimum: AmeriSave’s loan minimum is $25,000, which is a bit higher than that of other home equity lenders. 
• Draw requirement: If you receive a HELOC from AmeriSave, you’re required to draw the entire line at origination. While some HELOC lenders mandate this, many don’t.

AmeriSave scores 4.6 out of 5 for availability because it is licensed in almost every state and offers both HELOCs and home equity loans with multiple term options. However, the requirement to borrow all of your HELOC funds immediately costs it some points.

Borrower experience: 4.2 stars

• Rate transparency: AmeriSave doesn’t publicly advertise its home equity loan or HELOC rates – not even the ceiling on variable HELOC rates in fine print.
• Customer service: You can reach AmeriSave by phone at 1-866-514-7283 from 8 a.m. to 9 p.m. EST Monday through Friday and from 10 a.m. to 6 p.m. EST on Saturdays and Sundays. You can also get in contact by email (customercare@amerisave.com) or apply for a loan through its website.
• Convenience: According to AmeriSave’s phone representative, once all of the required paperwork is submitted online, a mobile notary will be assigned to sign documents at a place of your choosing. The company’s website also features tools like a home loan calculator and articles on topics such as borrowing against your equity and using home equity responsibly for debt consolidation.  

AmeriSave earns a 4.2 out of 5 for its helpful educational resources. Its main drawback is the lack of published rates.

As of this writing, AmeriSave has a 4.6 rating on Trustpilot, out of more than 17,000 reviews. The company has been accredited with the Better Business Bureau since 2020 and gets an A+ rating. AmeriSave also ranked fifth among all lenders in J.D. Power’s 2024 mortgage origination satisfaction survey.