home equity loans

Homeowners, get help with your high-interest debt

How much do you want to borrow?1

$0

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TrustScore 4.8 | 5

$800/mo

average savings for debt consolidation1

$750 Million+

in HELOCs funded2

A unique debt solution built for homeowners

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Consolidate debt

Pay off $15k-$150k in high-interest credit card debt and unsecured loans.

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Save $800/mo on avg

You’ll only get an offer if we can save you at least $200/mo for debt consolidation.

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Get a fixed rate 

Your rate will never change, so it’s easier to manage your budget.1

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Lower monthly payments 

Free up cash each month with an affordable lower payment vs minimums.

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Fast, flexible funding

Easily apply online or by phone. Get approval in minutes, funds in 15 days.1

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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

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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

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Borrow up to $150,000

Consolidate high-interest debt, improve your home, or cover a major expense.

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More cash in your pocket

Members save an average of $10,000 a year.

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No refi required

You don’t need to refinance or reset the clock on your mortgage terms.

Home equity loans basics

How does a home equity loan through Achieve work?

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.

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

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.

It’s fast, easy, and free to apply.

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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.

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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.

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Get a loan decision

If approved, you could close and receive funds in as fast as two weeks.

Home equity loan FAQS

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

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.

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.

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.

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.

Explore your options

Pay debt easily with other debt solutions

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DEBT RESOLUTION

Reduce what you owe3

  • Resolve $7,500-$100,000+ in debt

  • Pay down debt in 2-4 years

  • Loan alternative to reduce debt

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    personal loans

    Customize your loan4

  • $5,000-$50,000 fixed-rate loans

  • Flexible 2, 3, 4, or 5-year terms

  • Personalized rate discounts

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    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

    Open the door to  lower monthly payments
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    .

    1. Home Equity loans are available through our affiliate Achieve Loans (NMLS ID #1810501), Equal Housing Lender. All loan and rate terms are subject to eligibility restrictions, application review, credit score, loan amount, loan term, lender approval, and credit usage and history. Home loans are a line of credit. Loans are not available to residents of all states and available loan terms/fees may vary by state where offered. Line amounts are between 15,000 and $150,000 and are assigned based on debt to income and loan to value. Example: average HELOC is $57,150 with an APR of 12.75% and estimated monthly payment of $951 for a 15-year loan. Minimum 640 credit score applies to debt consolidation requests, minimum 670 applies to cash out requests. Other conditions apply. Fixed rate APRs range from 8.75% - 15.00% and are assigned based on credit worthiness, combined loan to value, lien position and automatic payment enrollment (autopay enrollment is not a condition of loan approval). 10 and 15 year terms available. Both terms have a 5 year draw period. Payments are fully amortized during each period and determined on the outstanding principal balance each month. Closing fees range from $750 to $6,685, depending on line amount and state law requirements and generally include origination (2.5% of line amount minus fees) and underwriting ($725) fees if allowed by law. Property must be owner-occupied and combined loan to value may not exceed 80%, including the new loan request. Property insurance is required as a condition of the loan and flood insurance may be required if the subject property is located in a flood zone. You must pledge your home as collateral and could lose your home if you fail to repay. Contact Achieve Loans for further details.

      Affiliated Business Arrangement Disclosure: Achieve.com (NMLS #138464) and Achieve Loans are both wholly owned subsidiaries of Achieve Company. Because of this relationship, your referral to Achieve Loans may provide Achieve.com a financial or other benefit. Where permitted by applicable state law, Achieve Loans charges: 1) an origination fee of 2.50%, and 2) an underwriting fee of $725. You are NOT required to use Achieve Loans for a home equity line of credit. Please click here for the full Affiliated Business Arrangement disclosure form.

    2. Statistics reflect the results of the members we and our affiliates have served since 2002 (as of Jun 2024).

    3. Resolution is available through our affiliate Achieve Resolution (NMLS ID # 1248929). All estimates for Achieve Resolution’s services are based on prior results, which will vary depending on your specific enrolled creditors and your individual program terms. Not all Achieve Resolution clients are able to complete their program for various reasons, including their ability to save sufficient funds. Achieve Resolution does not guarantee that your debts will be resolved for a specific amount or percentage or within a specific period of time. Achieve Resolution does not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Achieve Resolution’s services are not available in all states, including New Jersey, and their fees may vary from state to state. Please contact a tax professional to discuss potential tax consequences of less than full balance debt resolution. Read and understand all program materials prior to enrollment. The use of Achieve Resolution services will likely adversely affect your creditworthiness, may result in you being subject to collections or being sued by creditors or collectors and may increase the outstanding balances of your enrolled accounts due to the accrual of fees and interest. However, negotiated settlements Achieve Resolution obtained on your behalf resolve the entire account, including all accrued fees and interest. C.P.D. Reg. No. T.S.12-03825.

    4. Personal loans are available through our affiliate Achieve Personal Loans (NMLS ID #227977), originated by Cross River Bank, a New Jersey State Chartered Commercial Bank or Pathward®, N.A., Equal Housing Lenders and may not be available in all states. All loan and rate terms are subject to eligibility restrictions, application review, credit score, loan amount, loan term, lender approval, credit usage and history. Loans are not available to residents of all states. Minimum loan amounts vary due to state specific legal restrictions. Loan amounts generally range from $5,000 to $50,000, vary by state and are offered based on meeting underwriting conditions and loan purpose. APRs range from 8.99 to 35.99% and include applicable origination fees that vary from 1.99% to 6.99%. The origination fee is deducted from the loan proceeds. Repayment periods range from 24 to 60 months. Example loan: four-year $20,000 loan with an origination fee of 6.99%, a rate of 15.49% and corresponding APR of 19.54%, would have an estimated monthly payment of $561.60 and a total cost of $26,956.80. To qualify for a 8.99% APR loan, a borrower will need excellent credit, a loan amount less than $12,000.00, and a term of 24 months. Adding a co-borrower with sufficient income; using at least eighty-five percent (85%) of the loan proceeds to pay off qualifying existing debt directly; or showing proof of sufficient retirement savings, could help you also qualify for lower rates. Funding time periods are estimates and can vary for each loan request. Same day decisions assume a completed application with all required supporting documentation submitted early enough on a day that our offices are open. Achieve Personal Loans hours are Monday-Friday 6am-8pm MST, and Saturday-Sunday 7am-4pm MST. $6,000 savings: Average savings claim for personal loans are based on 2023 data for 2, 3, and 4-year terms on funded debt consolidation loans for $21,600. Savings will vary based on several factors, subject to credit approval and other conditions. Any savings will be reflected in the offer.

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