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Home Equity Loans
Achieve Loans vs. AmeriSave home equity loans compared
Sep 28, 2026
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Key takeaways:
AmeriSave accepts credit scores as low as 640 for its home equity loan. Achieve Loans may accept applications from borrowers with a score as low as 600.
Achieve Loans offers a fixed-rate home equity line of credit (HELOC) up to $700,000, while AmeriSave caps loans at $500,000.
Both lenders allow you to borrow up to 90% of your home's equity, and both offer online applications.
If you own your home, you could have more borrowing power than you think. Home equity loans give homeowners a way to fund big goals, whether that’s debt consolidation or a long-planned home upgrade. With a home equity loan, funds could be available in a matter of days.
A key to using home equity successfully is deciding which lender to use. We want to make that easier for you, so we’ve created a side-by-side comparison of Achieve Loans and AmeriSave. Here's a look at how the two stack up:
Achieve Loans vs. AmeriSave home equity loans compared
An AmeriSave home equity loan and an Achieve Loans home equity line of credit are both ways to borrow against your home equity at a fixed rate. They're each secured by your home, but you access the money in different ways.
Neither lender requires you to refinance your first mortgage, but they differ on credit minimums, approval speed, fees, and loan limits. Another difference is that AmeriSave's loan is a one-time home equity loan, while Achieves Loans offers a reusable home equity line of credit (HELOC).
This comparison covers the details that matter so you can decide which option fits your situation.
Achieve Loans HELOC at a glance
Achieve is an online lender founded in 2018 and headquartered in Tempe, Arizona. Its home equity loans are available in 30 states.
An Achieve Loans HELOC has a fixed interest rate that stays the same for the life of the loan. Achieve Loans offers HELOC credit limits up to $700,000, with 10-, 15-, 20-, or 30-year terms and a five-year draw period. With a HELOC, you can borrow, repay, and borrow again up to your credit limit during the draw period.
Achieve Loans allows a combined loan-to-value ratio (CLTV) of up to 90%, and rates are lower than the national average for well-qualified borrowers. Achieve Loans advertises funding as fast as five days after application and charges no early repayment penalty. This doesn’t affect your existing mortgage at all.
AmeriSave home equity loan at a glance
AmeriSave is an online-only mortgage lender founded in 2002, with operations in 49 states and Washington, D.C. (not available in New York). The company offers both a fixed-rate home equity loan and a variable-rate HELOC.
AmeriSave’s home equity loans range from $25,000 to $500,000, with 20- or 30-year terms. For HELOCs, credit lines also cap out at $500,000, depending on your qualifications, and draw periods of 3, 5, or 10 years are available.
As with Achieve Loans, AmeriSave borrowers need a CLTV ratio of 90% or less to qualify. Neither the home equity loan or HELOC should impact your existing mortgage.
Credit requirements compared
Credit score is one of the biggest factors in both AmeriSave home equity loan and Achieve Loans HELOC requirements. AmeriSave sets its minimum at 640 for a home equity loan and 600 for a HELOC. Achieve Loans works with a range of credit profiles for its HELOC and has a minimum credit score of 600.
Both companies have a credit score requirement below the 680 threshold that many lenders require, which could widen access for borrowers with fair credit.
Home equity loan requirements vary a lot from lender to lender. A lower minimum could help you get in the door, but stronger credit should still earn you better rates and terms with any lender.
Approval speed and fees
AmeriSave reports a median approval time of 16 days and an average of 21.2 days, based on its home equity loans approved between June 2024 and January 2025. Total fees, including typical third-party costs for appraisal and title work, can be 2% to 5% of your loan amount.
For Achieve Loans, fees may include an origination fee of up to 3.5% of the credit line amount and a $725 underwriting fee where allowed by law. Third party fees may add to the total. Achieve Loans advertises application-to-funding in as fast as five days once approved.
Which lender is right for you?
If you want a fixed rate, fast funding, low minimum credit score, and no prepayment penalty, an Achieve Loans home equity line of credit could be a strong fit.
If you want a lump-sum home equity loan and can meet the higher credit score requirement, an AmeriSave home equity loan could be an option.
Not sure which way to go? You can check your rate with Achieve Loans at no risk to you with a soft credit check that won't impact your credit score.
Author Information
Written by
Richard Barrington is a contributing writer for Bills.
Reviewed by
Brittney is a personal finance expert and credit card collector who believes financial education is the key to success. Her advice on how to make smarter financial decisions has been featured by major publications and read by millions.
Frequently asked questions about Achieve Loans vs. AmeriSave home equity loans
AmeriSave requires a minimum score of 640 for a home equity loan and 600 for a HELOC. Achieve Loans requires a minimum credit score of 600, giving it one of the lowest minimum scores in the industry.
AmeriSave reports a median approval time of 16 days. Achieve Loans advertises funding as fast as 5 days. Real-world speed for any lender depends on your application, appraisal scheduling, document turnaround, and underwriting complexity.
AmeriSave does charge origination fees. In addition, there may be standard third-party closing costs.
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A home equity loan lets you borrow against your home's value at a fixed rate with predictable monthly payments. Find out how it works and if it's right for you.
A home equity loan lets you borrow a lump sum against your home's value at a fixed rate. Learn how rates, terms, and repayment options work before applying.
A fixed-rate HELOC provides stable interest that helps with predictable monthly payments. Learn how they work and whether one is right for you.
A home equity loan lets you borrow against your home's value at a fixed rate with predictable monthly payments. Find out how it works and if it's right for you.
A home equity loan lets you borrow a lump sum against your home's value at a fixed rate. Learn how rates, terms, and repayment options work before applying.
A fixed-rate HELOC provides stable interest that helps with predictable monthly payments. Learn how they work and whether one is right for you.