Featured
Home Equity Loan
Fixed-rate lump sum from your equity.
Fixed rate · Competitive APR · 49-state coverage
- Fixed rate locked for the term
- Soft-pull prequalification
- Direct lender — no broker markup
- Online application + dedicated loan officer
Best for Cash-Out Refi
AmeriSave Home Equity Review: Direct mortgage lender with 20+ years of online lending.
AmeriSave is one of the largest direct mortgage lenders in the U.S. — they've funded $130B+ in home loans and offer competitive home equity and cash-out refi options.
PickYourBank Rating
9.1/ 10
Excellent
9.1
Overall
9.4
Rate
9.6
Fees
9.0
App
9.1
Service
49 states
Available
Soft pull
Prequalification
$130B+
Originated
NMLS
#1168
What is AmeriSave?
Two decades of digital mortgage lending.
AmeriSave Mortgage was one of the first lenders to offer fully online mortgages — back in 2002 — and has since funded $130B+ in home loans.
They license in 49 states and offer home equity loans, HELOCs and cash-out refinances directly to consumers.
Founded
2002
HQ
Atlanta, GA
Charter
Licensed lender
Reach
Nationwide
Tap home equity
Access cash without refinancing your primary mortgage
Fast funding
From application to funded in days, not months
No hidden fees
Transparent pricing — see every fee upfront
Flexible options
HELOC, HELoan or shared-equity — pick what fits
The AmeriSave lineup
Built around what matters most.
Here's what AmeriSave offers and who each product is best for.
Cash-Out Refinance
Replace your mortgage and take cash out.
One new loan · One monthly payment
- Tap up to 80% of home equity
- Combine refi + cashout in one move
- May lower your blended interest rate
- Dedicated loan officer guidance
The honest verdict
Pros & cons — no spin
What we love
- Direct lender — no middleman
- Available in 49 states
- Soft-pull prequalification
- 20+ years of online lending experience
Worth knowing
- Underwriting can be slower than fintech HELOCs
- Closing costs apply
- Best for borrowers with strong credit + equity
Getting started
Open a AmeriSave account in under 5 minutes
Step 1
Check your offer
Quick prequalification with a soft credit pull — no impact on your score.
Step 2
Submit your application
Verify income, property and equity. Most apps take 10–15 minutes.
Step 3
Appraisal & underwriting
An automated or in-home appraisal confirms your property value.
Step 4
Close & get funded
E-sign closing docs and receive funds in days, not weeks.
AmeriSave FAQ
Common questions, clear answers
Is AmeriSave legitimate?
Yes. AmeriSave is a licensed lender (or licensed marketplace) operating in the United States, subject to federal and state lending regulations.
Will checking my rate hurt my credit?
No. Prequalification uses a soft credit pull that does not affect your score. A hard pull only happens if you proceed with a full application.
How fast can I get funded?
Most borrowers see funds within 5–14 days of approval, depending on the product (HELOC, HELoan, or shared-equity agreement) and your state.
What can I use the money for?
Anything — debt consolidation, home renovations, college tuition, or a major purchase. There are typically no restrictions on how you use the proceeds.
Are there fees?
Most products have closing costs (origination, appraisal, recording). The exact fee schedule is disclosed upfront before you sign anything.
Experienced direct lender for home equity
AmeriSave brings 20+ years of online mortgage experience to home equity — a solid pick if you want a direct lender with a real loan officer.
Advertiser disclosure: PickYourBank.com may receive compensation when you open an account through our links. This never influences our ratings or recommendations.
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