Draw period: 5 years (Shorter than traditional HELOC draw periods)
Rate type: Fixed rate (Fixed APR — rate does not float with Prime)
Who Achieve is best for
Borrowers who want a fixed-rate HELOC (rather than variable), a longer repayment term (up to 30 years), or who have a lower credit score and are using home equity for debt consolidation.
Pros
Fixed-rate structure — your APR is set at closing, not variable with Prime Rate; predictable payments
Long repayment terms available: 10, 15, 20, or 30 years — reduces monthly payment on large balances
Lower credit score floor for debt-consolidation purpose: 600 FICO minimum
Loan amounts up to $500,000 — competitive with the large lenders on this list
Achieve Company is an established consumer financial services platform (formerly Freedom Financial Network)
Cons
5-year draw period is shorter than most competitors (PenFed: 10 years; Navy Federal: 20 years)
Origination fee up to 3.5% of the line amount — adds cost vs. lenders that cover closing costs
Closing costs range $750–$6,685 depending on state and line size
Cash-out requests require 700+ FICO — higher threshold than some alternatives
Max 80% CLTV — standard for the market but lower than credit-union options (PenFed 90%, Navy Federal 95%)
Owner-occupied property only — investment properties not eligible
Achieve requirements
Owner-occupied primary residence
600+ FICO for debt consolidation (640 for 20/30-year terms), 700+ for cash-out
Max 80% CLTV (75% for debt consolidation on 20/30-year terms)
Verify state availability at achieve.com/heloc
Achieve alternatives
Better(Better Mortgage Corporation) — Borrowers who want the fastest digital HELOC process and need a lender that covers primary residences, second homes, and investment properties in one product. Read reviewGet started at Better Mortgage Corporation →
Spring EQ(Spring EQ, LLC) — Borrowers who want a home equity specialist (not a generalist bank) with both fixed-rate and variable-rate products and wide state reach. Read reviewGet started at Spring EQ, LLC →
Figure(Figure Lending LLC) — Borrowers who want a fast, fully digital HELOC with strong state coverage and don't need a traditional revolving draw structure. Read reviewGet started at Figure Lending LLC →
Bottom line
Achieve — Fixed-rate HELOC from a debt-management-adjacent lender — unusual structure, broad term options. Best for: Borrowers who want a fixed-rate HELOC (rather than variable), a longer repayment term (up to 30 years), or who have a lower credit score and are using home equity for debt consolidation.. Compare it against alternatives before applying; the right fit depends on your situation, credit, and goals.
Questions about Achieve
What is Achieve's NMLS ID?
Achieve Loans holds NMLS #1810501. The parent entity, Achieve.com, holds NMLS #138464. You can verify current state licensing for both entities at nmlsconsumeraccess.org.
Is Achieve the same company as Freedom Financial Network?
Yes. Achieve is the rebranded name for the consumer-facing platform formerly known as Freedom Financial Network. The company rebranded to Achieve around 2022 to reflect a broader product lineup beyond debt relief. Freedom Debt Relief (NMLS #1248929) remains a separately branded subsidiary offering debt settlement services. Achieve Loans (NMLS #1810501) is the entity that originates home equity and personal loan products.
Is the Achieve HELOC truly fixed rate?
Yes. Unlike most HELOCs — which carry variable rates indexed to Prime Rate — Achieve's HELOC is structured with a fixed APR set at loan closing. This means your rate and monthly payment are predictable for the life of the loan. The trade-off is a shorter draw period (5 years) compared to traditional variable-rate HELOCs (typically 10 years). Verify the current fixed APR range and any rate-lock conditions at achieve.com/heloc before applying.
How we rate
Every pick gets a 1–5 ClearValue Rating computed from four weighted factors: Editorial confidence (30%), Cost (25%), Value (25%), and Accessibility (20%).
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