TrustScore 4.8 | 5
$800/mo
average savings for debt consolidation1
$750 Million+
in HELOCs funded2
A unique debt solution built for homeowners
Consolidate debt
Pay off $15k-$150k in high-interest credit card debt and unsecured loans.
Save $800/mo on avg
You’ll only get an offer if we can save you at least $200/mo for debt consolidation.
Get a fixed rate
Your rate will never change, so it’s easier to manage your budget.1
Lower monthly payments
Free up cash each month with an affordable lower payment vs minimums.
Fast, flexible funding
Easily apply online or by phone. Get approval in minutes, funds in 15 days.1
Expert, personal help
A licensed Mortgage Advisor is ready to help on the phone or online.
UNIQUE FIXED-RATE HELOC
Use your home equity to consolidate debt
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
7
Member since
2022
Helped with
Debt consolidation
*Actual member. Member’s endorsement is a paid testimonial. Individual results are not typical and will vary.
Make your home work for you
Borrow up to $150,000
Consolidate high-interest debt, improve your home, or cover a major expense.
More cash in your pocket
Members save an average of $10,000 a year.
No refi required
You don’t need to refinance or reset the clock on your mortgage terms.
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 save at least $200 a month versus your current monthly minimum payments. To learn more, read our Responsible HELOCs Exist article.
Achieve HELOC
Fixed-rate interest
Savings of $200/mo+ for debt consolidation
Fair credit okay (min 640 credit score)
Funding within 15 business days
No early prepayment penalty fees
Traditional HELOCs
Variable-rate interest
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?
You can use a home equity loan for debt consolidation, including refinancing credit cards and unsecured loans. You can turn your home's equity into funds you can use to:
Improve your home: Fund a home repair or renovation at an interest rate lower than credit cards.
Save for a rainy day: Build up an emergency fund, or use your revolving line of credit for surprise costs.
Cover large medical expenses: Pay for expensive medical treatments, elective procedures, or big vet bills.
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 2 minutes or less 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.
See if you’re approved
You’re more than your credit score, so we take a holistic approach to determine your eligibility, which includes evaluating your:
debt & income,
home value,
credit score (minimum 640),
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 two weeks.
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-year and 15-year terms. Both terms have a 5-year draw period where you can borrow as much or as little as you want up to your full loan amount.
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.
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 15-18 business days.
