Achieve Loans 2025 Review

Our Verdict

Achieve Loans stands out as a reliable lender for home equity loans. With competitive interest rates, same-day pre-qualification decisions², and personalized options, it can be an appealing choice. However, potential downsides like minimum loan requirements and origination fees should also be considered.

To provide you with the best possible review of Achieve Loans and its services, we have engaged with Ashley Clark, a financial expert with over 16 years of comprehensive experience in the financial arena, spanning roles as a banker, consumer underwriter, mortgage underwriter, and personal loan specialist.

Our Methodology

We have undertaken an in-depth research initiative to gain a comprehensive understanding of this loan provider. This encompassed a detailed analysis of various aspects, such as:

• Loan offerings
• Interest rate structures
• Terms and conditions
• Fee structures
• Eligibility criteria

In addition, our team diligently collected extensive information from a diverse array of sources, ranging from research reports to customer reviews. This comprehensive approach enabled us to assess Achieve Loans by taking into account both expert perspectives and real-world user experiences.

How Does Achieve Home Loans Work?

At Achieve Loans, a mortgage advisor will address essential details such as the loan amount, loan term, interest rate, the potential for debt consolidation, and the overall financial impact that the loan could have on an individual. This evaluation ensures that well-informed decisions are made.

The application process is efficient and straightforward, requiring only a few minutes of an individual’s time. Once the application has been submitted, the Achieve Loans team will promptly authenticate the applicant’s information. In a matter of days, sometimes same-day, the pre-qualification decision will be reached.

In as little as two weeks³, they can typically get the loan closed and funded and grant an individual access to their credit line. This means funds can be accessed quickly and used to complete financial objectives.

Digging Into Achieve’s Home Equity Loan Product

The home equity loan requires a minimum credit score of 640 for a debt consolidation request and 670 for a cash out request. The online application results in a pre-qualification decision within minutes, and the funds can be accessed in as little as 15 days. The maximum loan amount is $150,000 with an origination fee of 2.5%, an underwriting fee of $725 and interest rates from 10.25% to 16.5% APR. The loan terms offered are either  10 or 15 years². Other conditions apply.

Does Achieve Loans Have Prepayment Penalties?

Borrowers can rest easy knowing Achieve Loans does not impose prepayment penalties, thus allowing the freedom to repay the debt ahead of schedule.

Achieve Home Loans’ Rates

Achieve Loans currently offers HELOCs with APRs ranging between 10.25% to 16.5%. Be aware that depending on your location, there could be associated fees when initiating a HELOC. These fees may differ, so it is recommended that individuals reach out to Achieve Loans for precise information regarding the fees relevant to their loan request

Additional lender fees may include: origination and underwriting fees. Title fees may be included too, and each situation can vary.

Is Achieve Loans Worth It?

Depending on your circumstances and needs, Achieve Loans might just be the loan provider you’re looking for.

With competitive rates, a seamless online process, no prepayment penalty, and a customer-centric approach, Achieve Loans could indeed be the right choice for many. As always, potential borrowers should consider their unique financial situation, weigh the pros and cons, and explore all their options before making a decision.

Frequently Asked Questions

Is Achieve Loans a Legitimate Lender?

Yes. Achieve Loans is a licensed lender with licensed Mortgage Advisors trained to help you meet your financial goals.

Who’s the ideal Candidate for Achieve Loans?

Achieve Loans’ lower credit score requirement is a lifeline for homeowners with sufficient equity and adequate repayment capabilities but who may struggle with less-than-perfect credit scores.

What’s the credit Score Required for Achieve Loans?

Achieve Loans requires a minimum FICO score of 640 for debt consolidation requests and 670 for cash out requests.

How long does it take for Achieve Loans to fund a Loan?

If the applicant has submitted an online application and has talked to their dedicated mortgage advisor, the line of credit can be funded in as little as 15 days.