Overall
Amerisave's HELOC product is a high quality, helpful loan option that can benefit any homeowner interested in this type of loan. With great customer service and a fantastic reputation in the industry, this is a safe company to work with throughout the loan process.
Closing Costs
You can expect to pay closing costs with Amerisave, as you would with most other mortgage companies. According to their site, this cost is usually over $1,200, which is not unexpected.
Loan Variety
Amerisave offers HELOC loans with a 10-year draw period and a 20-year repayment period. This is a flexible option that can work for most homeowners, but we do wish they offered a bit more variety in this category.
Borrowing Limits
Amerisave does not directly state borrowing limits on their website, but based on customer reviews, limits tend to meet industry standards.
Customer Service
Amerisave's service is highly praised by its customer base. Reviewers indicate that loan processing is prompt, questions are answered quickly and sufficiently, and general assistance appears to be readily available.
Fair Credit Score Suitability
Minimum Credit Score: 620
Amerisave's credit requirements for HELOC loans are typical for the industry.
Higher Credit Score Suitability
As one of the most trusted and well-known mortgage lenders on the market, Amerisave is a safe choice for homeowners who qualify, so long as you are interested in a HELOC specifically. Company stability and great customer service are two standouts when it comes to what this lender has to offer.
