home equity loans
Get cash for what you need—from your home equity
How much do you want to borrow?1
TrustScore 4.8 | 5
$300,000
max loan amount if qualified1
APRs from 6.74%
up to 14.75%. Fixed Rate APRs.1
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
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,
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 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
