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Achieve Reviews

9

bestfor-icon Financial success through tailored solutions

mattlevy
Written by Matthew Levy

About Achieve | Read More

8

LS Score

10

Credibility

9

Support

9

Accessibility

Visit Site
Opening Hours Opening Hours drop-down-btn
All week Always available
Contact Information Contact Information drop-down-btn
  • 1-800-920-0045
  • Headquarters: 1875 South Grant Street, Suite 400, San Mateo, CA 94402
Social Media Social Media drop-down-btn
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Achieve Personal Loans Review

Achieve Personal Loans1 offers a wide range of personal loan uses catering to various financial needs. Whether you want to consolidate debt, finance a home renovation, or cover unexpected medical expenses, Achieve Personal Loans could provide a tailored solution. 

Achieve Personal Loans Highlight

620

Min Credit Score

8.99-35.99%

APR. Fixed Rate

$5K-$50K

Loan Amount

24-60 months

Repayment terms

Yes

Soft Credit Pull

Marketplace

Lender Type

Yes

Other Fees

1.99%-6.99%

Origination Fee

None

Prepayment Fee

Fast funding in 15 days

Funding Time

Pros & Cons

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  • con-icon Loans up to $50,000
  • con-icon Potential Rate discounts
  • con-icon Dedicated customer service
  • con-icon Not available in all states

Loan Purpose

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  • Credit Card Refinance
  • Debt Consolidation
  • Home Improvement
  • Major Purchase
  • Medical Expenses
  • Relocation
  • Vacation
  • Wedding

Loan Type

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  • Fixed-Rate Personal Loans
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Achieve Personal Loans Terms & Requirements

Achieve Personal Loans could be  particularly beneficial for purposes like debt consolidation, home improvements, and major purchases. Their terms seem competitive, with loan amounts ranging from $5k to $150k and APRs between 8.99%-35.99%, catering to a broad spectrum of financial needs. The minimum credit score requirement of 620 makes these loans accessible to a considerable range of borrowers. Overall, Achieve Personal Loans’ terms align well with market standards, offering a blend of flexibility and security, especially for those looking to consolidate debt or finance significant expenses.

Applying for a loan with Achieve

The steps to apply for a loan are relatively easy. First you click on “get started” on their main page:

Achieve How to apply 1
Step 1

It will bring you to the next step where you must input how much money you are looking to get in the loan and the purposes of the loan:

Achieve How to apply 2
Step 2

After this data is inputted, you will be asked to put in some personal information. Note that none of this in the application will affect your credit score, as noted by the company.**

Achieve How to apply 3
Step 3

And finally, you will be asked to provide your Social Security Number in order to receive loan offers. This is where they will likely do a soft credit check to see which loans you are eligible for.

Achieve How to apply 4
Step 4

After this, you will be able to see, if you are eligible, which loan offers are available for you.

From there, press “Continue” to agree to a soft credit pull – for prequalification purposes. This does not affect your credit score.**

If approved for a personal loan, there will be a hard credit pull verifying your credit information. On average, expect to receive funds within 1 to 3 business days.

Qualification Requirements

  • 620 Credit score 
  • Source of income or proof of employment
  • Personal and contact information
  • Co-borrower details (same as primary applicant)

Required Information

To start your application online, you will need to provide some personal information, including your income, requested loan amount, date of birth, Social Security Number (SSN) and address. to be considered for loan offers for the amount requested.

 

Application Steps & Time Frames

To apply for a loan, there are a few steps:

  1. The initial application takes about 5-10 minutes by inputting your personal information online to see if you prequalify for a loan.
  2. Funding could be as fast as 72 hours, but up to 25 days can be expected.

State Availability

Available - Alabama, Alaska, Arizona, Arkansas, California, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Washington

Not Available - Colorado, Connecticut, Hawaii, Kansas, Maine, New Jersey, North Carolina, North Dakota, Vermont, Virginia, West Virginia, Wisconsin, Wyoming

Achieve Mortgages Review

Achieve Loans, specializes in Home Equity Loans, has a fast, fixed rate HELOC offering. Designed to meet needs such as debt consolidation and credit card refinancing, these loans come with competitive rates and a fast-funding process. Loan amounts are generally between $15,000 and $150,000, and a minimum credit score requirement of 640 is needed to qualify for debt consolidation or 670 for cash out requests. Achieve tailors its HELOC solutions to various financial situations, prioritizing ease of application and rapid access to funds.

Achieve Mortgages Highlight

700

Min Credit Score

10, 15, 20 and 30 year terms

Repayment terms

Yes

Soft Credit Pull

Marketplace

Lender Type

Underwriting fees of $725 if allowed by law

Underwriting Fee

Yes

Other Fees

2.5% of the requested amount

Origination Fee

None

Prepayment Fee

15 Days

Funding Time

1810501

NMLS

Home Equity

9.75-15%

APR. Fixed Rate

$15K-$300K

Mortgage Amount

Pros & Cons

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  • con-icon Does not require a first mortgage refinance
  • con-icon One easy monthly payment
  • con-icon Consolidate high-interest debt under a single, fixed-rate payment
  • con-icon 10, 15, 20, and 30 year terms available
  • con-icon Not available in all states
  • con-icon Exclusive to homeowners
  • con-icon Only offers Home Equity Loans

Mortgage Type

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  • Home Equity Loan
  • Home Equity Line of Credit
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Achieve Mortgages Terms & Requirements

Achieve’s HELOCs cater to various needs. They offer fixed-rate Home Equity Lines of Credit (HELOCs) with terms of 10, 15, 20, or 30 years, including a 5-year draw period. The loan amounts vary between $15,000 and $300,000, subject to a borrower’s debt-to-income and loan-to-value ratios or state law requirements. The minimum credit score requirement is 700 for debt consolidation and cash-out requests.

Achieve Loans’ terms are competitive, particularly due to their fixed-rate option not commonly found in HELOCs. The rapid funding process and a range of loan amounts align well with market standards. The requirement of a relatively modest credit score makes these loans accessible to a wider audience. However, the potential high closing costs and the limitation of not being available in all states are factors to consider.

Home Equity Loan Terms:

  • FICO score 700+

  • Fixed rates: 9.75% – 15%

  • 10, 15, 20, and 30-year terms

  • Combined loan to value (CLTV) ratio: 85%

  • Debt to income (DTI) ratio: 50%

  • Maximum loan amount: $300K

How to Apply

We decided to test the application process for getting a HELOC from Achieve, as the company has a reputation for a straightforward, streamlined application process. After navigating to the Home Equity Loan section of the website, we were greeted with a simple opening screen to start the process.

We were then met with another simple screen to confirm that we wanted to use the financing for debt consolidation and that we were homeowners. After this, we were asked to enter our basic personal details.

Achieve HE how to apply 1
Step 1

In step one of the process, you go to their home equity loans and HELOC page and click on the “Get Started” button after choosing your requested amount.

Achieve HE how to apply 2
Step 2

The next step will be inputting some information on the loan, as well as how much income you make and whether you will use a co-borrower.

Achieve HE how to apply 3
Step 3

Next, you will be required to put in your personal information, including your address, phone number, and email address.

Achieve HE how to apply 4
Step 4

Next, you will need to put in your address information:

Achieve HE how to apply 5
Step 5

And finally, you will be required to input your Social Security Number (SSN) to verify your identity and credit score. This will not affect your credit score, and after, if you qualify, you will be offered options to choose from.

Qualification Requirements

To be eligible for a HELOC from Achieve Loans, below are some of the requirements:

  • US citizen or permanent resident
  • A minimum credit (FICO) score of 700
  • Maximum combined loan-to-value (CLTV) ratio of 85%
  • A maximum debt-to-income (DTI) ratio of 50%
  • Verifiable income and ability to repay 
  • Property must be owner-occupied

Required Information

Information you will need to provide to Achieve includes your name, address, phone number, social security number, date of birth, income, desired amount to borrow, intention to borrow funds, whether you are a homeowner, and whether you want to use a co-borrower and their annual income.

 

Application Steps & Time Frames

The steps following the initial request are as follows:

  • The initial application takes about 5-10 minutes by inputting your personal information online to see if you pre-qualify for a loan.
  • Funding could be as fast as 15 days if approved.

The process is relatively straightforward and is similar to other lenders in the market.

We followed up on this by giving our home address and Social Security Number. Finally, we ticked that we submitted to a soft credit check being undertaken. We then clicked “See My Offer” to complete the pre-qualification.

We were approved, and the next step was to speak with a mortgage advisor from Achieve Loans. They helped guide us through a more in-depth application process and advised us of all the information we would need to provide, including proof of identity and proof of income and home ownership. At this stage, a hard credit check was performed.

If your application is successful, funding will be processed and sent to you within 15 days on average.

The initial pre-qualification process was quick, and we got an idea of the HELOC rates available to us. The second part of the application wasn’t quite as fast, but the mortgage advisor was friendly and efficient, and the application process was not complicated.

State Availability

Available - Alabama, Arizona, Arkansas, California, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Michigan, Montana, Nebraska, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Pennsylvania, Tennessee, Texas, Washington

Not Available - Alaska, Colorado, Connecticut, Delaware, Hawaii, Louisiana, Massachusetts, Minnesota, Mississippi, Missouri, Nevada, New Hampshire, New York, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Utah, Vermont, Virginia, West Virginia, Wisconsin, Wyoming

mattlevy
Written by Matthew Levy

Matthew is a freelance financial copywriter with 14+ years in financial services. He holds a Bachelor of Science degree in Economics with business and finance options and is a CFA Charterholder. He is from Vancouver, Canada, but writes from all over the world.

faq-icon

FAQ’s

What financial solutions does Achieve offer?

Achieve specializes in personalized financial solutions, including debt relief, personal loans, and home equity loans, tailored to individual financial goals.

How does Achieve protect customer information?

Achieve employs stringent security measures and complies with industry-standard regulatory guidelines to ensure customer data privacy and security.

Can Achieve assist with complex financial situations?

Yes, Achieve's expertise in financial management makes them well-equipped to handle a range of complex financial scenarios, offering tailored solutions to each customer.

Customer Support

Engaging with Achieve’s customer support, I found them to be highly responsive, with phone inquiries answered within minutes and email responses within 24 hours. The support team was knowledgeable and helpful, providing clear and simple assistance. All interactions were with real human representatives, ensuring a personal touch in every communication.

While a ‘call back’ option wasn’t explicitly stated, the prompt responses made it not necessary. Achieve’s reputation for resolving client issues efficiently is well-founded, as reflected in their overall customer satisfaction ratings. For customers moving forward with third-party brands, Achieve ensures consistent support, maintaining their commitment to customer service excellence.

Privacy & Security

At Achieve, safeguarding customer privacy and security is of utmost importance. The company uses strong measures to protect personal information, adhering to stringent data protection standards. Their reputation for privacy and security is furthered using transparent policies and a commitment to keeping customer data confidential.

Achieve’s commitment to security is evident in its comprehensive disclaimers and privacy policies, outlining how customer data is used and protected. They operate under strict regulatory guidelines, ensuring compliance with financial industry standards. As a financial services provider, Achieve is focused on offering financial solutions and maintaining the trust and safety of its customer base, making it a reliable choice for managing personal finances.

In Conclusion

Achieve stands out as a comprehensive financial solutions provider, excelling in personalized service and a wide range of financial products. Their focus on privacy, security, and customer support adds to their credibility, making them a reliable choice for financial management. While they offer many services, potential clients should consider their specific financial needs and goals when engaging with Achieve’s offerings.

Brand Disclaimer

*Financial solutions are offered by affiliates of Achieve.com (NMLS #138464, Equal Housing Lender) or their service providers. Terms and conditions apply. Not all solutions are available in each state.

¹Personal loans are available through our affiliate Achieve Personal Loans (NMLS ID #227977), originated by Cross River Bank, a New Jersey State Chartered Commercial Bank or Pathward®, N.A., Equal Housing Lenders and may not be available in all states. All loan and rate terms are subject to eligibility restrictions, application review, credit score, loan amount, loan term, lender approval, credit usage and history. Loans are not available to residents of all states. Minimum loan amounts vary due to state specific legal restrictions. Loan amounts generally range from $5,000 to $50,000, vary by state and are offered based on meeting underwriting conditions and loan purpose. APRs range from 8.99 to 35.99% and include applicable origination fees. Repayment periods range from 24 to 60 months. Example loan: four-year $20,000 loan with an origination fee of 6.99%, a rate of 15.49% and corresponding APR of 19.54%, would have an estimated monthly payment of $561.60 and a total cost of $26,956.80. To qualify for a 8.99% APR loan, a borrower will need excellent credit, a loan amount less than $12,000.00, and a term of 24 months. Loan origination fees vary from 1.99% to 6.99%. Adding a co-borrower with sufficient income; using at least eighty-five percent (85%) of the loan proceeds to pay off qualifying existing debt directly; or showing proof of sufficient retirement savings, could help you also qualify for lower rates. Funding time periods are estimates and can vary for each loan request. Same day decisions assume a completed application with all required supporting documentation submitted early enough on a day that our offices are open. Achieve Personal Loans hours are Monday-Friday 6am-8pm MST, and Saturday-Sunday 7am-4pm MST

²Home Equity loans are available through our affiliate Achieve Loans (NMLS ID #1810501). 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. Offers 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 $300,000 and are assigned based on product type, debt-to-income ratio, and combined loan-to-value ratio. Minimum 640 credit score applies for debt consolidation requests, minimum 700 applies for cash out requests. Other terms, conditions and restrictions apply. Fixed rate APRs range from 8.75% – 15.00% and are assigned based on underwriting requirements; 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, 15, 20, and 30-year terms available (20 and 30 year terms only available for cash out requests). All 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. Contact Achieve Loans for further details.

Average funding is 15 to 18 days from completed loan application and documentation submission and includes closing and rescission.

**In the event you submit an application a hard credit inquiry will be conducted that will temporarily affect your credit score.