Achieve Mortgage Review 2026
Achieve, rated 5/5 stars by LendingTree experts, suits existing homeowners looking to tap their home equity in one of the 30 states that the lender serves.
Achieve may be a good choice if you’re looking for a home equity loan or home equity line of credit (HELOC) in one of the 30 states it serves.
See how we reached our verdict below.
- Fast access to funds
- Low credit score requirements for some loans
- Strong customer service ratings
- Limited mortgage products
- Loans are significantly more expensive than other lenders
- Not available in all states
Achieve overview
Achieve offers home equity loans and HELOCs in addition to a range of personal loans and debt relief options.
- Areas of service: Home equity loans are only available in 30 states. (They aren’t available in Alaska, Connecticut, Delaware, Hawaii, Maine, Massachusetts, Minnesota, Mississippi, Missouri, Nevada, New Hampshire, New York, North Dakota, Rhode Island, South Carolina, South Dakota, Utah, Vermont, West Virginia and Wyoming.)
- Digital service: Online loan applications
- Headquarters: 2114 E Achieve Way, Tempe, AZ 85288
- Website: Achieve.com
Achieve rates and fees
Rates
Achieve offers fixed-rate APRs for home equity loans from 6.24% up to 13.25%. Based on Home Mortgage Disclosure Act (HMDA) data, the average rate for an Achieve loan in 2024 was 12.67%. Its average rate spread that year was 6.35%, which is the difference between the average prime offer rate (APOR)
Achieve’s rate spread was extremely high compared to the average rate spreads of similar mortgage lenders that year, which were as low as -0.19%, with an average of 0.84%.
Fees
Achieve’s closing fees for home equity loans range from $750 to $6,685, depending on the amount of the loan and individual state-law requirements. That usually includes an origination fee (up to 3.5% of the amount borrowed) and a $725 underwriting fee if allowed by state law.
Other fees aren’t listed on its website. Also, HMDA data detailing total loan cost and origination charges for Achieve in 2024 isn’t available.
What types of mortgage loans does Achieve offer?
Achieve offers home equity loans and HELOCs, which allow you to use some of your established home equity to pay down debt, finance home improvements, or pay for a child’s college education.
A home equity loan gives you an upfront lump sum, while a HELOC is a line of credit, so you can tap into it repeatedly during the draw period. With Achieve, you can borrow up to $500,000.
Achieve offers 10, 15, 20 and 30-year terms for both home equity loans and HELOCs, all of which have a five-year draw period.
Home equity loan qualification requirements
- Minimum 600 credit score for debt consolidation requests
- Minimum 640 credit score for 20 and 30-year terms
- Minimum 700 credit score for cash-out requests
- Property must be owner-occupied
Achieve mortgage qualifications
| Credit score minimum | 600 |
| DTI ratio
Debt-to-income (DTI) ratio compares your monthly gross income to your monthly debt payments.
| Not specified |
| LTV ratio maximum | 80% |
Don’t know your credit score? Get your free score on LendingTree Spring today.
Achieve doesn’t share the exact minimum requirements it uses to approve or deny applications. However, 2024 data from HMDA shows that approved applicants across all loan types had an average loan-to-value (LTV) ratio of 67.1%. More than half (63.6%) had a debt-to-income (DTI) ratio below 40%.
Achieve denied about 16.5% of the applications it received that year. That’s on the low-to-middle end compared to the rejection rates of other large, national mortgage lenders. In comparison, many large lenders have denial rates in the low teens up through about half of applications.
How does Achieve compare to other lenders?
|  |  |
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| LendingTree’s rating |
Expert review from LendingTree.
Back to our Achieve summary |
Expert review from LendingTree.
Read our Achieve vs. Spring EQ comparison |
Expert review from LendingTree.
Read our Achieve vs. Chase comparison |
| Minimum credit score | 600 | 580 | 620 to 650 |
| Minimum down payment | N/A | 0% | 0% to 3.5% |
| Rate spread
Rate spread is the difference between the average prime offer rate (APOR) — the lowest APR a bank is likely to offer any private customer — and the average annual percentage rate (APR) the lender offered to mortgage customers in 2024. The higher the number, the more expensive the loan.
| 6.35% | 3.84% | 0.11% |
| Loan products and programs |
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| Better for: | Homeowners looking for a home equity loan or HELOC. | Homeowners looking for home equity loans or HELOCs in most states. | Borrowers looking for a wide range of loan options at competitive rates. |
Achieve vs. Spring EQ
Achieve and Spring EQ are both online lenders that offer home equity loans and HELOCs, but there are some distinct differences between the two. For example, Achieve only offers them in 30 states, whereas Spring EQ is licensed to lend in 48 states (not available in New York or Alaska).
Also, the only mortgage products Achieve offers are home equity loans and HELOCs, while Spring EQ also offers conventional, FHA and VA loans.
Read more in our full Spring EQ mortgage review.
Achieve vs. Chase
There are significant differences between Achieve and Chase. Achieve specializes in home equity loans and HELOCs, while Chase offers a broader range of loans, including HELOCs, as well as conventional, FHA, VA and jumbo loans, which Achieve doesn’t.
Also, on average, Chase’s loans are significantly more affordable than Achieve’s, as Achieve’s rate spread was 6.35%, while Chase’s was 0.11%, according 2024 data.
Read more in our full Chase mortgage review.
How to apply for an Achieve loan
1. Choose your loan type
Navigate to the Achieve.com website and click on the “Find Loans” Tab at the top of the page. From there, you can select either “HELOCs” or “Home Equity Loans.”
2. Get prequalified
To see if you qualify, answer a few questions online or with a live representative by calling 833-418-3231. You’ll receive a prequalification decision in as little as two minutes.
3. Submit a loan application
To apply, you’ll need to submit additional information, including your debt and income, home value, credit score and overall needs. An in-person home inspection typically isn’t necessary.
If approved, funds may be available in 10 to 12 days.
Learn more about how to apply for a home loan.
- Identification
- Tax documents
- Bank statements
- Pay stubs
- Debt and asset statements
Is it safe to get prequalified with Achieve?
Yes, it’s safe to get prequalified with Achieve. The company has been in business since 2002 (formerly known as FreedomPlus).
Getting a home equity prequalification from Achieve allows you to get an idea of the loan amount, repayment terms and rates for which you may qualify. You’ll need to provide an estimate of how much you want to borrow, what you intend to use the money for, and your income. This won’t impact your credit score.
Achieve’s customer service experience
You can connect with an Achieve expert by filling out a form online or by calling 1-800-920-0045. You can also get personalized offers online via its website’s prominent “Get Started” buttons.
Achieve’s customer support options are more limited than those of many other lenders. Its website doesn’t list an email address, nor does it show a customer support chat or an app for use on a mobile phone like other larger lenders.
Phone: 800-920-0045
How LendingTree experts rated Achieve
LendingTree’s mortgage lender rating is based on a five-point scoring system that factors in several features, including digital application processes, available loan products and the accessibility of product and lending information.
Specialty lenders, like Achieve, are given a slightly different rating from other lenders because their expertise covers a narrower range of loan products. Lenders specializing in home equity products receive a half-point if they offer only one of the two standard home equity products (home equity lines of credit and home equity loans), and one point if they offer both.
In some cases, additional information was provided by a lender representative.
Achieve’s scorecard:
✅ Publishes rates online
✅ Offers standard mortgage products
✅ Includes detailed product info online
✅ Shares resources about mortgage lending
✅ Provides an online application
Frequently asked questions
Achieve’s website offers educational resources, including articles and videos on personal finance and loans. It also has an online prequalification tool you can use to start the mortgage process.
Yes, Achieve is a legit lender. It has been in business since 2002 (formerly FreedomPlus) and is licensed to provide home equity loans in 30 states. It has an A+ rating with the Better Business Bureau and has earned 4.3 out of 5 stars there, with more than 590 customer reviews. Many note the great customer service and overall simple, straightforward experience.
You can view more info about Achieve’s state licenses and registrations through the Nationwide Multistate Licensing System and Registry (NMLS) website by searching its former parent company, Freedom Financial Asset Management, LLC.
All home loans affect your credit score to some degree, but not significantly. For example, taking out a home equity loan typically reduces a credit score by less than 20 points on average. Also, scores typically return to their previous level within a year.
In general, Achieve earns high marks from customers. It has 4.8 stars (out of 5) on Trustpilot with more than 12,000 reviews. Customers cite excellent customer service and a straightforward, transparent process.
However, whether a lender is a good match depends on several factors, including your credit, budget and goals.