Last Updated: 12/20/2025
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Highlights
Community Rating
Strongly recommended
Credit Score Range
Starting at 640
Amount Range
$15,000 - $300,000
Maximum LTV
N/A
Loan Term (Years)
10 - 30
Number of Reviews
Achieve Home Equity Loans Review
Achieve Home Equity Loans is offered by Achieve (NMLS #1810501), a nonbank financial services provider founded in 2002 and based in Tempe, AZ. Achieve Home Equity Loans are available in 27 states.
Key Takeaways
- No primary residences considered. Achieve Home Equity Loans does not offer financing for primary homes.
- Fast process. In some cases you can close on your home loan within 1 business day.
- Origination fees of 2.5% to 3.5%. 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). All 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. Offers 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 $300,000 and are assigned based on product type, debt-to-income ratio, and combined loan-to-value ratio. Minimum 640 credit score applies for debt consolidation requests, minimum 700 applies for cash out requests. Other terms, conditions and restrictions apply. Fixed rate APRs range from 8.75% - 15.00% and are assigned based on underwriting requirements; offer APRs include a.50% discount for automatic payment enrollment (autopay enrollment is not a condition of loan approval). Example: average HELOC is $57,150 with an APR of 12.75% and estimated monthly payment of $951 for a 15-year loan. 10, 15, 20, and 30-year terms available (20 and 30 year terms only available for cash out requests). 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 $6,685, depending on line amount and state law requirements and typically include origination (3.5% of line amount) and underwriting ($725) fees if allowed by law. Property must be owner-occupied and combined loan-to-value ratio may not exceed 80%, including the new loan request. Property insurance is required and flood insurance may be required if the subject property is located in a flood zone. You must pledge your home as collateral. Contact Achieve Loans for further details.
- Fair credit accepted. Borrowers with a credit score as low as 640 may qualify for Achieve Home Equity Loans.
- High maximum DTI ratio. Achieve Home Equity Loans 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 Home Equity Loans Pros & Cons
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Achieve Home Equity Loans FAQ
How much can you borrow with a Achieve Home Equity Loans home equity loan?
A home equity loan allows homeowners to borrow money using their home as collateral (similar to a mortgage). Loan amounts vary depending on the value of the home minus the balance of any mortgages or liens on the property.
Achieve Home Equity Loans allows borrowers to apply for home equity loans of up to $300,000. The actual maximum loan amount will vary depending on the value of the property, how much you owe on it, and your creditworthiness.
Typically, borrowers with good credit can qualify for up to 85 percent of the value of the property less the balance on their first mortgage.Generally, the APRs of home equity loans do not include points and financing charges, just the interest rate.
What is the estimated funding time for a home loan via Achieve Home Equity Loans?
Achieve Home Equity Loans will typically fund home equity loans within 1 day of approval.
What fees does Achieve Home Equity Loans charge for a home equity loan?
Achieve Home Equity Loans may charge a loan origination fee of 2.5% to 3.5% of the loan amount.
Is Achieve a legit company?
Achieve was founded in 2002, it is a well-established company that has been in business for 24 years. Based on their "strongly recommended" SuperMoney community rating, they appear to be a very reputable company.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Hours of Operation
Sunday
7:00AM - 4:00PM
Monday
6:00AM - 8:00PM
Tuesday
6:00AM - 8:00PM
Wednesday
6:00AM - 8:00PM
Thursday
6:00AM - 8:00PM
Friday
6:00AM - 8:00PM
Saturday
7:00AM - 4:00PM