AmeriSave HELOC Review 2027: Rates, Requirements and Limits

AmeriSave HELOC pros and cons

AmeriSave HELOC rates

AmeriSave does not publish HELOC rates; it asks you to request an online quote. Its comparison table calls the HELOC rate “fixed and tied with the prime rate,” while another section of the same page warns about variable-rate changes, so ask whether the rate on your offer is fixed or variable.

AmeriSave's “Meet or Beat” $1,000 offer is not valid on HELOCs, according to its licensing page. For what borrowers actually paid on HELOCs, see HELOC rates.

How AmeriSave's HELOC works

Its FAQ says you get full access to your credit line at closing, followed by a 10-year interest-only period and then a 10 or 20-year repayment term. Another section of the page describes a choice of 3, 5 or 10-year draw periods, and a third answer mentions 20 or 30-year terms. Because the page describes the structure in more than one way, confirm the draw and repayment periods on your offer.

Worked example (our arithmetic): at a 90% combined loan-to-value limit, a $400,000 home with a $250,000 mortgage leaves up to $110,000 of borrowing room (90% of $400,000 is $360,000, minus the $250,000 you owe). The home equity calculator runs the same math on your numbers.

AmeriSave HELOC requirements

• Credit score: the HELOC page lists a 600 FICO “typical minimum.”
• Combined loan-to-value: up to 90%, with “some restrictions.”
• Debt-to-income: 43% to 50% or less.
• Property types: not published.

AmeriSave HELOC fees and closing costs

Closing costs apply, and AmeriSave says they are typically lower than on first-lien loans. It does not publish origination or annual fee amounts for the HELOC. On its home equity loan page, it says closing costs typically run 2% to 5% of the loan amount.

Where AmeriSave's HELOC is available

AmeriSave says “not all products and options are available in all states” and does not publish a HELOC state list. Check your state when you request a quote. It does not publish a funding time for the HELOC.

AmeriSave home equity loan

AmeriSave also offers a fixed-rate home equity loan: $25,000 to $500,000, a 640 minimum FICO score (“That's AmeriSave's threshold”), up to 90% combined loan-to-value, and 20 or 30-year terms per its FAQ. Closing costs typically run 2% to 5% of the loan.

Its page reports a median approval time of 16 days and an average of 21.2 days for home equity loans approved June 2024 to January 2025.

How AmeriSave compares

The same published facts for AmeriSave and three lenders worth comparing it with, all checked October 30, 2026.

AmeriSave compared with similar lenders, October 30, 2026

Lender	Key figure	Min. credit	Line amounts	Review
	Lines up to$500,000	600 typical	Up to $500,000	This review
	Lines up to$500,000	640	$50,000 to $500,000	Read review of Spring EQ
	Intro APR5.49%	Not published	From $5,000	Read review of Connexus Credit Union
	Lowest APR shown7.30%	640	$15,000 to $400,000	Read review of Figure

• Spring EQ: Also lends up to 90% CLTV, with a published 640 minimum and lines of $50,000 to $500,000.
• Connexus: A credit union line up to 90% of value, from $5,000, with a published intro rate.
• Figure: A published lowest rate and funding in as few as 5 days, with a 640 minimum.

• All HELOC lenders compared

AmeriSave HELOC FAQ