AmeriSave Home Equity Review

An online home equity application from a lender that returns money on complaints far more often than its peers.

About AmeriSave Home Equity

An online home equity application from a lender that returns money on complaints far more often than its peers. AmeriSave Home Equity is offered by AmeriSave Mortgage Corporation and currently holds an average rating of 4.5 out of 5 across 13,356 user reviews. It falls into the HELOC category and tends to be the strongest fit for borrowers under a 680 score, or who want a lender that settles.

Highlights

Minimum credit score of 620, as the lender states it
Closes 26.8% of CFPB complaints with monetary relief
Application runs online end to end

What we like

620 minimum takes borrowers Rocket's 680 turns away
Returns money on complaints at more than ten times Rocket's rate
Complaint volume has fallen sharply: 310 of 1,325 in the last three years

Where it falls short

Answers 98.2% of complaints on time against 99.9% at Rocket
A high monetary-relief rate can mean more went wrong, not only that it was fixed
Rates, fees and maximum loan-to-value are not published

Fees, minimums, and rates

Monthly fee: Not published; confirm at application. Minimum to open: Not published. Rates and promotional offers change often, so we re-verify every listed number on a rolling schedule and stamp the review with the date of the most recent check.

How we reviewed it

For this review of AmeriSave Home Equity, our editors funded an account, walked through the full onboarding flow, and compared the experience to the other products in the HELOC shortlist. Scores are not influenced by affiliate relationships — partners cannot pay for better rankings, and our rubric is the same for every brand.

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Read our full editorial methodology and advertiser disclosure for more on how we fund our testing and why that matters for the reviews you read here.