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Achieve Loans Reviews

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Edited by: Jon Bortin

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.

Pros
  • Good for debt consolidation
  • Access up to $300,000
  • Fixed interest rate
  • Funds in less than three weeks
Cons
  • 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:

  1. 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.
  2. 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.
  3. 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.
  4. 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 6.74% to 14.75% at the time of publishing. Depending on where you live, there may be fees associated with opening a HELOC:

  • Loan origination fee: 3.5% 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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    Page 1 Reviews 0 - 5
    Verified purchase
    Customer ServicePunctuality & SpeedStaff

    Reviewed April 17, 2025

    I ultimately landed on Achieve Home Loans to refinance my equity through a HELOC because I wanted to pay off my existing credit card debt and personal loans. This step eliminated the need for revolving credit payments, simplifying my financial obligations to just my house, my car, and this HELOC. During this process, I aimed to improve my credit score and adjust my debt to income ratio in preparation for future plans. Eventually, I plan to sell my house and relocate closer to work, cutting my current long commute. The transition means selling the house would cover the HELOC and provide funds for a down payment on another home.

    The representative at Achieve Home Loans was knowledgeable about HELOCs and made the approval process swift with quick access to funds. The rates I received seemed reasonable given my circumstances. My monthly payment was considerably lower compared to the combined amounts when I was paying off multiple credit cards and loans, dropping from $1300 to just $296 a month.

    One of the key aspects that stood out was their transparency and non-pushy approach. They provided all necessary information and rates upfront, allowing me to feel secure about moving forward. If a friend were considering a similar path, I'd recommend Achieve Home Loans based on my positive experience. They also managed the payment logistics to creditors and offered an easy-to-navigate website with added security through two-factor authentication. Overall, I had a 5-star experience across the board with Achieve Home Loans, finding their customer service, the quality of service, fee structure, and website usability all excellent.

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      Verified purchase
      StaffEase of UseProcess

      Reviewed April 17, 2025

      I researched options for the best home equity advisors and when I stumbled upon Achieve, I saw favorable ratings during my search, which encouraged me to proceed with them instead of other lenders. The loan process with Achieve was fantastic, marked by clearly laid-out steps and user-friendly tools. Being able to manage the application online at my convenience was a massive plus, as I could save and pick it up later. It also utilized language that was easy to understand, which was important to me.

      While I can't pinpoint exactly how long the application took, it was a swift process. However, providing additional Q&As focused on common concerns like payment schedules or timelines might be a valuable addition to their resources. Achieve was very accommodating when it came to completing the final steps of the loan, especially concerning handling in-person requirements for closure. I appreciated their flexibility regarding my location and it would've been great to have more accessible closure locations.

      Interacting with Achieve's agents was delightful, and I was particularly impressed with the point of contact responsible for signing off on everything—very kind and supportive throughout. Reflecting on the overall process, I felt at ease throughout and my queries were well managed. In terms of rates and terms, while terms were satisfactory, the rates seemed relatively high, though I attribute this to the overall economic context. I would wholeheartedly recommend Achieve to friends or family, emphasizing how intuitive they make what could otherwise be a stressful process. If Achieve was effective for me, I trust they would be for others too. My experience has been exciting, especially as it allowed me to progress crucial tasks.

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      Verified purchase
      Customer ServicePunctuality & SpeedOnline & AppStaffProcess

      Reviewed March 20, 2025

      I needed extra money for a business venture, so I started researching loan options and decided to apply with Achieve Home Loans. The application process was straightforward and simple. However, once the loan was approved, it took about 4 to 5 days to actually receive the funds, which felt like a long wait especially when the money is needed urgently.

      The customer service was quite good. Although I can't recall the agent's name, the loan officer and others I interacted with were responsive and returned my calls promptly. What impressed me most was the quick turnaround time for communication, as the representatives always got back to me quickly after leaving a message.

      If I were to rate my experience, I'd give it a 4 out of 5 because of the delay in receiving the funds. Nevertheless, I would still recommend Achieve to others and rate it a 5 for recommendation because they handled my process well overall.

      Achieve Home Loans helped me obtain the funds I needed, so it served its purpose but didn't significantly change my life. Overall, the experience was good and I would consider this a positive interaction.

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      Achieve Loans
      Response from Achieve Loans

      Thank you for sharing your experience with Achieve, Cavell! We're happy to hear that the application process was straightforward and that our team provided responsive customer service. We understand how important timely funding is, and we appreciate your feedback regarding the wait time after approval.

      Verified purchase
      Installation & SetupPunctuality & SpeedOnline & AppStaffProcess

      Reviewed March 1, 2025

      The process of obtaining my loan from Achieve was fairly easy and convenient, as much of it was online which suited my busy schedule. Everyone I interacted with at Achieve was great, and the entire process went smoothly.

      The application process online was very easy. However, the total lending process took a few weeks longer than expected due to complications that were not Achieve's fault. The underwriters sent an appraiser out during winter who incorrectly thought there was mold on my siding, which was actually dirt. Additionally, I had disclosed a missing garage door window beforehand. It was difficult to repair due to constant referrals between garage door and window companies. Although I eventually got an estimate, these issues caused an unnecessary delay.

      I was further frustrated by the appraiser's unexpected visit, which caused concern given my recent experiences at home. I expressed my displeasure about this to my loan officer, who was very understanding and responsive.

      Despite these challenges, my overall experience with Achieve was positive. I would rate it a 4.5 out of 5 stars, deducting points for the inconvenience of the unexpected appraisal visit without prior notice.

      On a side note, I encountered difficulties with the servicing organization, Shellpoint. Setting up my online account was needlessly complicated, requiring a FedEx delivery of a security code that demanded a signature, which was inconvenient due to my work schedule.

      Overall, Achieve provided good service, and I'd recommend them, but I would advise them to improve some logistical issues in their process.

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      Response from Achieve Loans

      Hi Julie, thank you for taking the time to share your detailed experience with Achieve. We’re glad to hear that the online application process fit well into your busy schedule and that our team provided great service throughout your loan journey. Thank you for choosing Achieve!

      Verified purchase
      Customer ServiceSales & MarketingPunctuality & SpeedOnline & AppStaffEase of UseProcess

      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.

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      Achieve Loans
      Response from Achieve Loans

      Hi Juan, we are happy to hear about your experience and that you appreciate the convenience of our service! Thank you for choosing Achieve!

      Verified purchase

      Reviewed April 13, 2025

      Things went well at first, but then Achieve did not take care of things as we were told they would. We did a HELOC loan to pay off credit card debt. They told us the amounts owed and we told them the amounts were incorrect. We were assured they would get the correct amounts before it was finalized and that did not happen. So we were left with balances still owed on some cards. Pretty disappointing that we now have several payments to make instead of one.

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      Verified purchase
      Customer ServiceStaff

      Reviewed April 11, 2025

      Everything went good with the loan but now two weeks later from some other company ask all this information that don't want to give out. It's like they own my loan already. But I have heard nothing from Achieve. Not even anything from the agent I dealt with. Now I'm thinking someone else that I didn't ok has all my account information. The world of the internet is a scary place. I'm afraid of getting behind in my payments until this is cleared up.

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      Verified purchase
      Punctuality & SpeedStaffProcess

      Reviewed April 10, 2025

      Everything went well. Staff kept me informed and worked with me during process. Each part of the process someone contacted me to let me know each thing that was needed to be done and assisted me with accomplishing it. Closing was also quick and painless and funds were sent quickly.

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      Verified purchase
      Punctuality & SpeedStaff

      Reviewed April 10, 2025

      This was one of the easiest things I have done in a long time. It was smooth and it took less time than expected. Every step of the way was communicated. When representatives switched because of the various steps we were informed. The portal they give you is amazing and you can see where the request is at.

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      Verified purchase
      PricePunctuality & Speed

      Reviewed April 10, 2025

      It was smooth, It could have been a better interest rate. Thanks. They did a great job paying off my creditors quick and fast. Like I said the only problem I had was the interest rate. Me and my partner have good credit score. They just missed the rate I was looking for.

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      Achieve Loans Company Information

      Company Name:
      Achieve Home Loans
      Website:
      www.achieve.com