Smart home equity borrowing starts here
An AmeriSave Home Equity Line of Credit puts up to $350,000 at your disposal with the stability of structured terms. Plus, your current mortgage stays exactly as is. Your home equity line of credit works alongside it to give you additional financial flexibility.

Get more financial control
Secure access to your full credit line right away, with competitive adjustable home equity line of credit rates that work with the market.

Smart structure, simple terms
Select from 20- or 30-year terms and start with a 10-year interest-only period to help you manage your monthly payments.

Put your equity to work
Whether consolidating your high-interest credit card debt or updating your kitchen or consolidating debt, your HELOC provides the funding you need with terms designed for peace of mind.
Why choose an AmeriSave Home Equity Line of Credit?
We’ve spent more than two decades helping homeowners make their equity work harder. Our HELOC combines immediate access to funds with structured payments and zero hidden fees.


Substantial funding power
Tap into credit lines up to $350,000 to tackle your biggest financial goals.


Repay your way
Select the timeline that works best for you—whether that’s 20 or 30 years.


Market-responsive HELOC rates
Our competitive adjustable HELOC rates can be lower than unsecured credit products.


Quick online application process
We’ve streamlined every step from application to approval to get you funded faster.
Your path to a HELOC
1 Confirm your property is eligible
Confirm your property type is eligible for a home equity line of credit from AmeriSave. Eligible properties include primary residences, second homes, investment properties, 1–4-unit residential properties and condominiums.
2 Check your home equity
Want to know your borrowing power? Take your home’s current market value and subtract what you still owe on your mortgage. Our online equity calculator makes this even easier, or you can chat with an Amerisave Mortgage banker who can walk you through the numbers. With an AmeriSave Home Equity Line of Credit, you can access up to 85% of your home’s combined loan-to-value ratio (CLTV), with credit lines up to $350,000.
3 Prep and submit your application
Meeting our lending requirements starts with a minimum FICO credit score of 640. We’ll also review things like your income stability, debt-to-income ratio, and overall financial picture. Speed up your application by having these ready: your Social Security number, last two years of W-2s and current mortgage statements. Our digital application makes submission quick and simple.

4 Confirm your home’s value
Accurate home value is important for your home equity line of credit amount. We’ll arrange a professional appraisal (fees may apply) to determine your home’s worth. Good news: many properties now qualify for our streamlined digital valuation process, potentially saving time and money on appraisal fees.
5 Close on your home equity line of credit
Once approved, we’ll schedule your closing, where you’ll review and sign your HELOC documents. The unique feature of our loans is that you’ll receive access to your entire credit line right at closing—no waiting period or multiple draws needed.
6 Get flexible payment management
Borrowers start with 10 years of interest-only payments, giving you maximum flexibility with your monthly budget. When this period ends, you’ll move to a structured principal-and-interest payment plan for either 10 or 20 more years, depending on the term you choose. Your competitive rate will adjust with market conditions, but your payment structure will stay consistent.


Frequently Asked Questions

Tap into your home’s potential
Make your equity count with an AmeriSave HELOC. You can get immediate access to up to $350,000, with 10 years of interest-only payments and flexible repayment terms.