TP

TrustScore 4.8 | 5

$800/mo

average savings for debt consolidation1

$750 Million+

in HELOCs funded2

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 LINE OF CREDIT

3 ways to put your home equity to work

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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,
RV purchase,
Dream vacation

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

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

Our members save an average of $10,000 per year.

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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.

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.

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.

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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

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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

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.

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 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.

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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.

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Get a loan decision

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

Home equity loan FAQS

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

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.

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.

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

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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

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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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