We earn a commission from brands listed on this site. This influences the order and manner in which these listings are presented.
BestMoney logo

Achieve Loans Review

Reviews 42,525
Achieve Loans
Achieve Loans
Reviews 42,525
Michael Dinich
Feb. 15, 2024
4 min read
Michael Dinich
Achieve Loans Summary
Achieve Loans¹ provides home equity lines of credit (HELOCs) that homeowners can use for a variety of purposes. The company works with people across the credit spectrum, and applying online is fast and easy. Not only that, but you could get funds quickly. While most HELOCs are variable, Achieve Loans offers fixed-rate HELOCs. This provides better clarity regarding payments, minimizing unexpected payment increases you can’t handle.


  • Fast application and funding process
  • Available to those with less-than-perfect credit
  • Fixed rates for peace of mind


  • Only for homeowners
  • Not available in all states

Achieve Loans at a glance

Editorial score

Variety of loan types


Online experience

Online application but no learning resources

Customer services and support

Multiple ways of reaching lender, wide range of hours

Loan amount range


Repayment flexibility

10- or 15-year terms


Achieve, formerly Freedom Financial Network, has been around for over 20 years. To date, Achieve and its affiliates have served 1.5 million+ members. In addition to debt consolidation, you can use HELOCs to help with large purchases or cover the costs of expenses like renovations, education, or vacations. Achieve’s company website includes a variety of helpful blog posts on topics like coping with financial hardship, staying on budget, and more to help improve your financial knowledge.

Achieve Loans’ licensed advisors are well equipped to help with your financial needs. 

Applying only takes a few minutes, and Achieve Loans will work with you even if you don’t have the strongest credit history. 

Suitable For?

Achieve Loans is best suited for homeowners with fair to good credit. Many lenders require a high credit score to secure funding, but Achieve Loans will consider a wider range of applicants. 

The company is also great if you want to consolidate your debts over $15,000. Instead of having to make several high-interest payments each month, you could pay off your consumer debts with a HELOC. Then you’d have a single low-rate payment to worry about.

Types of Loans/Products

HELOCs let you use a portion of your home equity as a revolving credit line for large purchases, streamlining monthly payments.

  • 640 credit score required for debt consolidation, 670 for cash out
  • 10- and 15-year terms
  • Loan-to-value must be 80% or lower

The Application Process

Applying for a HELOC is quick and easy, and you can do this online.

1. First, click the “Get Started” button on the Homepage of the website, and select the product you want to apply for.

2. Choose how much you want to borrow, and what you'll use it for.

3. Next, enter your personal information, like your name, date of birth, email address, residential address, phone number, and social security number.

Once you submit, you could receive a decision in two minutes or less. If your application is fully approved, you could receive funds in as little as 15 days. You’ll be able to set up an online account where you can access your loan and make payments securely.

Rates and Terms

Achieve Loans provides 10- or 15-year terms on its HELOCs. The amount you borrow depends on your loan-to-value, debt-to-income ratio, and other factors, but can range from $15,000 to $150,000.

The interest rate you pay depends on factors like your credit score, lien position and overall creditworthiness. You can also get a 0.50% discount on your interest rate if you enroll in automatic payments.

Fees can vary based on the state you live in, but typically include an origination fee (2.5% of the amount borrowed) and an underwriting fee ($725). However, these are bundled into the line of credit and spread out over your monthly payments.

Help and Support

If you need assistance, you can contact Achieve Loans over the phone at 844-606-9533 or fill out the online contact form. Operating hours for phone calls are Monday-Friday, 6am-5pm (PT).

The company is willing to answer questions before you apply, during the application process, and throughout your time as a member.


If you’re a homeowner who needs some extra cash or you want to consolidate your debt, Achieve Loans’ HELOCs are a great option to consider. Applying is easy, and the fixed rate minimizes fluctuations in how much interest you have to pay on money borrowed.


What can yo do with a HELOC?

You can use a home equity line of credit to consolidate high-interest debt, pay for home renovations, cover education costs, or pay for any other large purchase that comes up.

Is it complicated to apply for a HELOC with Achieve Loans?

No. The process is clear and straightforward. All you need to do is fill out the application and provide the necessary paperwork to find out if you’re approved. In most cases, there’s no need for a home appraisal.

Is Achieve Loans legitimate?

Yes, Achieve Loans is a legitimate company. The company has generally positive reviews on Trustpilot and is accredited with the Better Business Bureau.

Does a HELOC or home equity loan affect or interfere with an existing mortgage?

No, a home equity loan or HELOC won’t affect your first mortgage. There’s no impact on your rates, terms, or mortgage payments. Of course, you should keep your mortgage payment in mind when deciding how much to borrow from the line of credit.

Are HELOCs safe?

While any sort of loan or investment carries some risk, HELOCs are generally safe. They tend to have low interest rates, and you only need to pay interest on and repay what you borrow from the line.

However, if you use a HELOC to pay for purchases you cannot afford, you could risk losing your house if you cannot make the repayments. But as long as you stay within your means, they’re a great and affordable way to access extra cash if you need it.

How is a HELOC different from a home equity loan?

Both use your home equity to provide the funds you need, but they do it differently. HELOCs give you a line of credit you can borrow from and pay back as you need (plus interest). A home equity loan is a lump sum that you receive upfront much like a personal loan, and pay back over the term of the loan (plus interest).

Physical Address

Achieve Loans

1875 South Grant Street

Suite 510

San Mateo, CA 94402


This review was created with information from the Achieve Loans website.


Home Equity loans are available through Achieve Loans (NMLS ID #1810501), Equal Housing Lender. 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. Home loans 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 $150,000 and are assigned based on debt-to-income ratio and loan-to-value ratio. Minimum 640 credit score applies for debt consolidation requests, minimum 670 applies for cash out requests.

Fixed rate APRs range from 10.25% - 16.50% and are assigned based on underwriting requirements and 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-year and 15-year terms available. Both 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 (2.5% 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.

Average funding time is between 15 to 18 days from submitted application and documentation and includes rescission. Contact Achieve Loans for further details.

Michael Dinich
Written by
Michael Dinich
Michael has worked in personal finance since 1999. He shares unique insights on how to save money, increase income and prepare for retirement. Michael is a sought-after expert in the areas of taxation, personal finance, and health insurance planning. He writes for BestMoney and enjoys helping readers make sense of the options on the market.‎
Top Personal Loans
Read Review|Visit Site
Read all reviews

Must Reads

Compare Our Top 5 Personal Loan Lenders of 2023
Apr. 18, 2024
These are the Top 3 Personal Loans for Debt Consolidation Loans
Apr. 18, 2024
5 Excellent Providers of Short-Term Personal Loans
Apr. 18, 2024
Read all articles
Trustpilot reviews
See what some customers are saying about Achieve Loans
Excellent • Reviews 42,525
We upload 100 to 400 Trustpilot reviews to our website daily, displaying them by default from "best" to "worst". You have the option to adjust the sorting criteria. If you wish to see all reviews, you can visit Trustpilot's website here.
Sort by
Pancho Tabora
7 hours ago
Tim White made the whole transaction run smooth and very professional .
Johnathan Minning
9 hours ago
You guys are just awesome
You guys are just awesome. One credit down from 3,052 to 1,500. It's just outstanding.
Connie Chandler
10 hours ago
Freedom has been helpful with good…
Freedom has been helpful with good communication.
Judith Mclaughlin
11 hours ago
Patience and understanding by…
Patience and understanding by representative made my decision easier for me to deal with.
Ricky Dockery
13 hours ago
Professional Person
The person I talked to was professional and helpful