Achieve Loans Reviews
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About Achieve Loans
Achieve Loans (NMLS #1810501) offers home equity lines of credit (HELOCs). Its product is targeted toward people struggling with high-interest debt, like credit card debt. With a HELOC from Achieve, borrowers can consolidate multiple high-interest debts into one monthly payment. Achieve’s HELOC has a fixed annual percentage rate and a loan term of 10, 15, 20 or 30 years. Achieve also offers personal loans and debt relief options through Freedom Debt Relief.
- Good for debt consolidation
- Access up to $300,000
- Fixed interest rate
- Funds in less than three weeks
- Origination and underwriting fees
- Limited availability (28 states currently)
What is Achieve Loans?
Achieve Loans provides HELOCs that homeowners can use for a variety of purposes, like debt consolidation, home renovation and education. Achieve Loans typically markets its HELOCs for debt consolidation.
If you’re a homeowner struggling with multiple high-interest credit card balances, a HELOC can help consolidate your monthly payments into one single monthly payment — often at a lower interest rate. Achieve Loans states that the average customer saves over $700 per month on debt payments when they consolidate debt with Achieve Loans.
If you take out an Achieve HELOC, you use the equity in your home to open a 10- or 15-year line of credit. The amount you can borrow with Achieve depends on factors like how much equity you have. The company offers HELOCs up to $300,000.
Achieve Loans, formerly Lendage, launched in 2019 and is based in San Mateo, California. It's part of the broader Achieve family of companies, which has a history of serving over 1 million customers.
How does Achieve Loans work?
The process of getting a HELOC with Achieve happens in four simple steps:
- Consultation: You speak with one of Achieve’s mortgage advisors to get a free assessment of your eligibility for a loan. Pre-qualifying takes two minutes or less.
- Compare options: Your advisor gives you a full analysis of your loan options, including loan amount, payments, rate, debt you can consolidate and the total cost to you.
- Simple application process: Applying takes just minutes, and it only takes a few days for the Achieve team to gather and verify your information and decide on your application.
- Fast closing: Achieve can close on your HELOC and give you access to your line in as little as two weeks.
Once you’re approved for the HELOC, you have a draw period of 60 months. During this time, you can use the line of credit to consolidate your debt. As you make payments, you’ll have access to subsequent draws.
Keep in mind that you have three business days after signing your closing documents to change your mind about getting an Achieve HELOC.
Achieve doesn’t charge a prepayment penalty, so you can make a payment in excess of the minimum required payment at any time without extra fees.
Achieve Loans rates
Achieve's HELOC APRs range from 9.75% to 15% at the time of publishing. Depending on where you live, there may be fees associated with opening a HELOC:
- Loan origination fee: 2.5% of the credit limit minus fees, due at closing and part of initial draw amount
- Underwriting fee: $725, due at closing and part of initial draw amount
- Third-party fees (title company fees): $750 to $6,685, depending on the loan amount
You can have your APR reduced by 0.50% if you enroll in automatic payments from a deposit account.
Achieve Loans FAQ
How much can I borrow from Achieve Loans?
You can get a line of credit up to $300,000 with an Achieve HELOC.
What are Achieve loan terms?
An Achieve HELOC has a draw period of 60 months (five years). The loan term is 10, 15, 20 or 30 years.
Who should get an Achieve loan?
Achieve loans are good for people who own a home and are looking to consolidate balances on multiple high-interest credit cards.
Who services Achieve’s home equity lines of credit?
Achieve HELOCs are serviced by Specialized Loan Servicing.
Is Achieve Loans legit?
Achieve Loans is a legitimate HELOC provider. An Achieve HELOC may be a good choice for those with home equity who are looking to consolidate high-interest debt on multiple credit cards. You can borrow up to $300,000 and pay it back at a fixed rate over 10, 15, 20 or 30 years. Before taking out a HELOC, however, you need to understand the loan is secured by your home — so you risk losing your home if you don’t meet your repayment obligations. If you decide you’re interested, contact the company for a free consultation with an Achieve mortgage advisor.
Achieve Loans Reviews
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- 4,592,094 reviews on ConsumerAffairs are verified.
- We require contact information to ensure our reviewers are real.
- We use intelligent software that helps us maintain the integrity of reviews.
- Our moderators read all reviews to verify quality and helpfulness.
Reviewed Jan. 1, 2025
When I inquired online for information on a HELOC, loan advisor Justin ** responded quickly. He was very thorough in explaining the loan process, helpful in providing his professional advice and recommendations, and responsive to answer my questions and tailor the loan to meet my needs. His cordial manner helped allay any concerns I had regarding obtaining the loan and completing the transaction. In my opinion he is a consummate professional who provided outstanding customer service, and a definite asset to Achieve. The additional members of the Achieve team, Cheri and Alexis were also very helpful throughout the process and helped to successfully expedite completion.
Hi Carole, thank you for sharing your experience with us and for highlighting the exceptional service from our team members. We will make sure to pass your kind words along to our team. It is an honor to partner with you on your journey towards a brighter financial future. Thank you for choosing Achieve.
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Reviewed Dec. 27, 2024
Had a great experience with a personal loan a couple of years ago and had another great experience with the HELOC I just entered. Cody **, my account manager, was incredibly helpful and answered all my questions. Very happy so far with Achieve in all aspects. Will be looking forward to making the first payment and getting this loan taken care of quickly.
Hi Mark, thank you for sharing your experience and for allowing us the opportunity to assist you again! Thank you for choosing Achieve !
Reviewed Dec. 24, 2024
I was impressed by the process at Achieve Home Loans, which I also told the notary people that showed up to my house with documents. It was so quick. I was scrolling on Facebook, saw the ad for Achieve Home Loans and went into it right away. On the afternoon of that same day, I was reached to by one of the customer service agents.
It helped that I sent back all the documents they requested. I had it on hand in my phone and emailed it back to them right away. Sometimes, when you're applying for something with whatever bank, you send them whatever documentation they ask for, but it takes them days to reach back to you. But with Achieve, it was a matter of hours. I felt like there was someone sitting in the computer, waiting for me to send those documents, because they replied back very quickly. They wanted to make sure that I got the message, and that's important. Once I applied, I was signing the closing documents pretty much a week after. 3 days ago, I got the welcome package by mail. I downloaded the app, and it's very friendly user. It's super easy to navigate through.
I understand that the rates are based on credit worthiness, and it was one of the best if not the best offer I got when I was looking for the loan to consolidate debt. I'm happy with the HELOC I got. It got me out of trouble. Achieve helped me save a lot of money on a monthly basis. The only thing is that instead of mailing checks, Achieve should be able to disburse the payment electronically. But besides that, their customer service until now, approval and application process is phenomenal. I already made some recommendations to a couple of friends.
Hi Juan, we are happy to hear about your experience and that you appreciate the convenience of our service! Thank you for choosing Achieve!
Reviewed Dec. 18, 2024
I already had a personal loan through Achieve Loans and I decided to do the application for the home loan through them as well. Everything was going good but the person that I was originally dealing with maybe no longer works there. When I tried to call, the number was no longer in service and he wasn't returning my email. I didn't hear from anybody for a week or so until I started calling. Somebody else picked up on it and got us finished. Everything has been good since the switch.
Reviewed Dec. 6, 2024
Achieve guided me through the process exceptionally well. They gave me wise guidance and advice about how much to borrow and how to distribute the monies. I give Achieve my absolute highest recommendation! I had several letters telling me I was pre-approved. When I wrote back, some never answered, and some said I didn't qualify. When I responded to Achieve, they advised me that I was under-reporting my income. Achieve pointed out that I was not reporting my Social Security Income. That was nearly fifteen hundred dollars, and I qualified easily.
Hi Ronald, thank you for sharing your story! We are happy to help, thank you for choosing Achieve!
Reviewed Jan. 8, 2025
Wonderful people to work with, Nic, Rose, Lashawna, would recommend very highly , good company. Thanks Michael **. Happy to work again with all, process took a short time and they helped with a multitude of my questions. Many e- mails to keep me up to date on daily operations,.
Hi Mike, thank you for sharing your experience with us!
Reviewed Jan. 8, 2025
I was impressed that I was not just turned down for my initial request for a loan but was introduced to someone who looked at my financial situation and suggested a loan idea that worked for me. The process was timely and I closed my loan very satisfied. I will definitely recommend Achieve to my family and friends.
William, thank you for your review! We are happy to hear that we were able to provide you with a solution that worked best for you!
Reviewed Jan. 8, 2025
Your team made the whole process very easy. Your website is very easy to work through. Hand offs from mortgage loan originator to closer to post closing tracking of documents were all smooth. What sometimes can be a very invasive process was very easy, professional and fast! Thank you!
Hi Jon, we are happy to hear that you're satisfied with our convenient application process! Thank you for choosing Achieve!
Reviewed Dec. 22, 2024
The application process at Achieve Loans was easy and smooth. I did a lot of it online and followed up after that. The reps were good. They helped out with changing and modifying some numbers and payees.
Reviewed Dec. 19, 2024
Achieve Loans was the best way for me to consolidate. Their process was very easy. They were responsive and really helpful. If I had questions, I could reach out. I did a couple of times and they were all very knowledgeable.
Hi Mary, thank you for sharing your experience! Don't forget we are here to help you every step of the way !
Achieve Loans Company Information
- Company Name:
- Achieve Home Loans
- Website:
- www.achieve.com