Achieve HELOC

Key Takeaways

• Fair credit accepted. Borrowers with a credit score as low as 600 may qualify for Achieve HELOC.
• Primary and secondary homes considered. Investment homes, such as rental properties, do not qualify for financing. However, Achieve HELOC does offer financing for primary and secondary homes (e.g. vacation properties).
• Origination fees of 2.5% to 4.0%. This is on the high end for lenders on SuperMoney's database. Home Equity loans are available through our affiliate Achieve Loans (NMLS ID #1810501). Equal Housing Opportunity. Offers may vary and loan requests are subject to eligibility requirements, application review, loan amount, loan term, and lender approval. Product terms are subject to change at any time. Line amounts between $15,000 and $700,000, and assigned based on credit score, debt-to-income ratio and combined loan-to-value ratio. 10, 15, 20, and 30-year terms available. Minimum 600 credit score applies. Fixed rate APRs range from 6.10% - 15.17% and are assigned based on underwriting requirements. Lowest APRs require a fico equal to or greater than 700, CLTV equal to or less than 40%, DTI equal to or less than 15%, opt in to ACH (not required to obtain loan) and loan amount between $35,000 and $150,000. Offer APRs assume automatic payment enrollment and DTI less than 15% discounts. Rate discounts are removed if these conditions are not met. All terms have a 5-year draw period with the remaining term being a no draw period. Payments are fully amortized during each period and determined on the outstanding principal balance each month. Closing fees range from $750 to $10,304, depending on line amount and state law requirements and may include origination (up to 4.0% of line amount) and underwriting ($725) fees if allowed by law. Property must be owner-occupied. CLTV maximums range from 75% to 90% and are based on credit score, property type and include the Achieve Loans new loan request. Property insurance is required and flood insurance may be required depending on location. You must pledge your home as collateral. Loan funding time is dependent on full application and documentation submission, average funding time is 11 business days for 2025, including rescission. Contact Achieve Loans for further details.
• High maximum LTV ratio. Achieve HELOC has a maximum loan to value ratio of 90%.
• High maximum DTI ratio. Achieve HELOC requires a debt-to-income ratio of less than 50%. This ratio includes all your monthly debts, not just your proposed mortgage payment. Typically, lenders have a maximum DTI of 43% or lower.

Achieve HELOC Pros & Cons

Achieve HELOC FAQ

How much can you borrow with a HELOC?

What are the terms for Achieve HELOC?

Is there a minimum draw requirement?

What fees does Achieve HELOC charge for a HELOC?

What types of property can you use as security for a HELOC with Achieve HELOC?

• Primary residences
• Secondary or vacation homes