Why do I need to use my home to secure the loan?

Your home is simply there to provide security for the loan. It allows you to borrow more at a lower interest rate, even with less than perfect credit. Three really important (and reassuring) things to know. Our home equity loan: Won’t touch your existing mortgage, leaving your first mortgage rate and term as is. Won’t reduce the value of your home. In fact, if you use your funds to improve your home, your value could go up. Will disperse funds FAST. Average time to funding is 10-12 business days.

home equity loans

Q: What are people saying about Achieve Home Equity Loans on Reddit?

TastyAntelopex says: "I looked into Achieve HELOC while researching home equity options. One thing I noticed is that they offer different loan lengths - 10, 20, or 30 years—which seemed helpful if you’re looking for flexibility in how long you want to pay it off..." See more Achieve HELOC Reviews on Reddit

Get cash for what you need—from your home equity

How much do you want to borrow?¹

$50,000

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TrustScore 4.8 | 5

$300,000

max loan amount if qualified¹

10 days

to receive funds if approved¹

Save with a fixed-rate HELOC

Get a low, fixed rate

Your rates will never change, no surprise balloon payments.

Flexible funds and terms

Loans up to $300,000 with 10, 15, 20, or 30-year terms for what you need.¹

Get your cash fast

Loan decision in minutes. Application-to-funding in as fast as 10 days.

Personal, expert help

A licensed Mortgage Advisor will work with you to customize your loan.

No refi required

Loving your current mortgage rate? Keep it without changing your terms.

Lower monthly payments

An affordable monthly payment lower than with credit cards or personal loans.

Apply for your HELOC in 3 easy steps

Apply in 2 minutes for free

Answer a few questions online or over the phone to see if you qualify.

Talk to a mortgage expert

Get personal service to customize your home equity loan to meet your needs.

Get funds in 10 days

You could have money in your pocket in as few as 10 days if approved.

HOME EQUITY LINE OF CREDIT

3 ways to put your home equity to work

debt consolidation

Consolidate debt at a lower rate

Pay off $15,000-$150,000 in high-interest credit card debt and save on interest. Lower your monthly payments and save $800/mo on average.

Individual results are not typical and will vary.

home improvement

Make your dream home a reality

Get up to $300,000 to upgrade your kitchen, spruce up your bathroom, repair your roof, and more.

MAJOR PURCHASE

Get cash for what you need

Finally get what you’ve been waiting for. Upgrade appliances, pay for education, family planning, a dream vacation or what matters in your life.

debt consolidation

Consolidate debt at a lower rate

Pay off $15,000-$150,000 in high-interest credit card debt and save on interest. Lower your monthly payments and save $800/mo on average.

Individual results are not typical and will vary.

home improvement

Make your dream home a reality

Get up to $300,000 to upgrade your kitchen, spruce up your bathroom, repair your roof, and more.

MAJOR PURCHASE

Get cash for what you need

Finally get what you’ve been waiting for. Upgrade appliances, pay for education, family planning, a dream vacation or what matters in your life.

MEMBER STORY

The hidden gold mine in Jeremy’s home

‌

“To dig myself into a hole, and then to be able to tap into the equity in my home to get myself out of that hole is the best feeling in the world.”

— Jeremy R., Achieve member*

Total debt consolidated

$21,688

Debts

Member since

2022

Helped with

Debt consolidation,
RV purchase,
Dream vacation

*Actual member. Member’s endorsement is a paid testimonial. Individual results are not typical and will vary.

Home equity loans basics

What is a home equity loan through Achieve?

It’s a home equity line of credit. You can borrow money from it, pay it back, then borrow again during the first five years of your loan term.

What makes a home equity loan through Achieve unique?

Unlike typical home equity loans, we offer a fixed-rate HELOC. And we'll only offer you a home equity loan for debt consolidation if you can reduce your monthly payments when compared with your current monthly minimum payments⁵. To learn more, read our Responsible HELOCs Exist article.

Achieve HELOC

Fixed interest rate

Save on monthly payments

Fair credit (600+ credit score) okay for debt consolidation

Funding within 10-12 business days

No early prepayment penalty fees

Traditional HELOCs

Variable interest rate

Not guaranteed to save on monthly payments

Requires a good credit score

Funding in 30+ business days

May charge prepayment penalty fees

What can I do with a home equity loan through Achieve?

Turn your home’s equity into cash or credit for different purposes, including to:

Consolidate debt: Save $10,000/year on average when you consolidate and pay off $15k-$150k in high-interest debt.

Improve your home: Fund a home repair or renovation at an interest rate lower than with credit cards or personal loans.

Make a major purchase: Pay for what matters right now—from kitchen appliances to education to medical treatments.

How do I get a home equity loan through Achieve?

It’s fast, easy, and free to apply.

Apply online or with a Mortgage Advisor

Receive a pre-qualification decision in as little as 2 minutes with our automated decisioning engine. Or if you’d rather chat with a real person, we offer a fast, free, and objective assessment of your eligibility for our loan.

See if you're approved

You’re more than your credit score, so we take a holistic approach when determining your eligibility, which includes paperwork for your:
- debt & income
- home value
- credit score (min 600) for debt consolidation
- overall needs

There’s less paperwork than you expect. In most cases, a full in-person inspection of your home will not be necessary as we use an automated valuation system to determine your home’s value.

Get a loan decision

If approved, you could close and receive funds in as fast as 10-12 days.

Home equity loan FAQS

Will this impact my existing mortgage?

No. Our home equity loan does not touch your first mortgage rate or term.

What terms are offered for home equity loans?

We offer flexible 10, 15, 20, and 30-year terms. All terms have a 5-year draw period. You'll get the full approved loan amount in your initial draw. Then, for the remainder of the draw period, you can pay your balance down and borrow more, up to your loan limit, as often as you like.

What is a line of credit?

A line of credit (“LOC”) is a flexible loan that you can tap into when needed. You can borrow money up to a predefined amount, pay it back, and borrow funds again—up to that amount—at any time during your draw period.

LOCs can be either unsecured (like a credit card) or secured by some form of collateral (like property). Secured LOCs typically come with a higher credit limit and lower interest rates—both major benefits.

What is a home equity line of credit (HELOC)?

The home equity loan that we offer is a unique fixed-rate home equity line of credit—also known as a HELOC. It’s the most common type of secured line of credit for consumers. The money you borrow is secured by your home. By owning a home, you give lenders a sense that you’re responsible, allowing them to loan greater amounts at lower rates.

What are people saying about Achieve Home Equity Loans on Reddit?

TastyAntelopex says:

"I looked into Achieve HELOC while researching home equity options. One thing I noticed is that they offer different loan lengths - 10, 20, or 30 years—which seemed helpful if you’re looking for flexibility in how long you want to pay it off..."

See more Achieve HELOC Reviews on Reddit

Explore your options

Find the right debt solution for you

DEBT RELIEF

Reduce what you owe³

Resolve $7.5k-$100k+ in debt

Pay down debt in as little as 2-4 years

Loan alternative to reduce debt

personal loans

Customize your loan⁴

$5,000-$50,000 fixed-rate loans

Flexible 2, 3, 4, or 5-year terms

Personalized rate discounts

FIND YOUR FIT

Explore your best solution

Find a solution to fit your budget

Pay down debt in 2-15 years

Resolve or pay debt on your terms

Home Equity Loans articles

Home Equity Loans

What is a home equity line of credit (HELOC)?

A home equity line of credit (HELOC) might be easier to qualify for than a personal loan. Let’s take a closer look.

Home Equity Loans

Fixed-rate HELOC: Why it’s the best kind

With fixed-rate HELOCs, you can borrow against your home equity to tackle almost any big expense or financial emergency.

Home Equity Loans

When does it make sense to use a home equity loan to pay off debt?

A home equity loan could be your path to lower interest rates and a more manageable financial life.

Home Equity Loans

6 ways to use a home equity loan or HELOC

You get to decide how to unleash your home equity loan's financial superpowers.

Home Equity Loans

What is a home equity loan?

Your home could be the key to financing your dreams. Meet the home equity loan.

Home Equity Loans

What it takes to get a home equity loan

Is your home your financial hero? A home equity loan could help you cash in on your castle's value.

Home Equity Loans

How long does it take to get a HELOC?

Got two weeks? You could have a HELOC in your hands, especially if you know how to prepare to apply.

Home Equity Loans

How does a home equity loan work?

Home equity loans deliver the cash you need upfront, but don't miss the twist—a fixed-rate HELOC might out-flex them.

Home Equity Loans

When using home equity to remodel your home makes sense

How could you improve your home if you had the cash? Here's where you could find that money.

Home Equity Loans

Pros and cons of a home equity loan

Is there hidden cash in your castle? A home equity loan could turn your humble abode into a financial ace in the hole.

what-are-closing-costs-and-fees-for-a-home-equity-loan.jpg

Home Equity Loans

What are the closing costs and fees for a home equity loan?

Learn how to manage and potentially reduce the fees associated with tapping into your home's equity.

Home Equity Loans

How much can you borrow using a home equity loan?

When life comes knocking, your home equity could be the answer. You might be able to borrow more than you think.

Home Equity Loans

Second mortgage versus home equity loan: Are they the same thing?

Second mortgage or home equity loan: the financial plot twist where your home plays the hero in your cash crunch saga.

Home Equity Loans

Home equity loan vs personal loan: tips to help you make the right choice

Home equity loan vs. personal loan: picking your financial MVP depends on your game plan.

Home Equity Loans

Choosing between a cash-out refinance and a HELOC

A fixed-Rate HELOC provides financial flexibility without resetting your mortgage term or rate.

Home Equity Loans

Choosing between a cash-out refinance and a home equity loan

Homeowner's choice: learn the difference between a cash-out refi and a home equity loan, and how to choose.

Home Equity Loans

Are home equity loans tax deductible?

A home equity loan for home improvements could put more money back into your pocket compared to other loan options.

Lending a helping hand

We'll build your loan from the ground up

Personal help from mortgage experts
$15k-$300k loans, 10, 15, 20, or 30-yr terms
Funds in 10-12 business days