Achieve cuts HELOC interest rates to 6.24%

Price reduction on Achieve's fixed-rate HELOC helps homeowners consolidate debt, pay for home renovations and large purchases, or a combination of all three.

SAN MATEO, Calif, Oct. 6, 2025 /PRNewswire/ -- Achieve, the leader in digital personal finance, is reducing the range of interest rates charged on its home equity line of credit (HELOC). The lowest available interest rate on an Achieve HELOC is now 6.24%, a reduction of 50 basis points (0.50 percentage points), while the maximum rate is now capped at 13.75%, a reduction of 100 basis points (1 percentage point). The rate reduction aligns with the Federal Reserve's recent cut to the federal funds rate and underscores Achieve's commitment to providing affordable options for homeowners.

"When the Fed cuts rates, it creates an important opportunity to pass those savings directly to borrowers," said Kyle Enright, president of lending at Achieve. "At Achieve, we're committed to responding quickly to these shifts in the market so our members can benefit from lower borrowing costs."

Achieve Home Loans offers a unique and flexible HELOC that provides homeowners with access to their equity through affordable financing. The new rate structure builds on Achieve's mission to help everyday people move forward with their financial lives through innovative products, personalized support and responsible lending.

Achieve's HELOCs are designed to help homeowners use a portion of their home's equity to consolidate unsecured debts, pay for home renovations, better manage the expense of an upcoming large purchase — or a combination of the three. The HELOCs are fixed-rate and fully amortizing, which eliminates the uncertainty and risk of payment shock that traditional HELOCs present to consumers via variable rates, interest-only periods or balloon payments.

Achieve has originated over $1.5 billion in HELOCs since 2019 and last year, expanded its HELOC program with new borrowing limits and repayment terms. Other features and benefits of the Achieve HELOC include:

• Keep Your Low-Rate Current Mortgage: Borrowers with a low-rate, first-lien mortgage do not need to refinance to benefit from their home equity. The Achieve HELOC is available as either a second lien or a first lien instrument
• Fixed Rates and Fully Amortizing Payments: Transparent pricing and payment terms without the risky teaser rates, interest-only periods and bait-and-switch tactics that can trap homeowners in a debt spiral
• Low Credit Score Requirement: Minimum required credit score of 600
• Flexible Application Process: Borrowers can start their loan application online or over the phone
• No In-Person Appraisals: State-of-the-art automated valuation models ensure accurate home valuations while reducing time and expense from loan underwriting
• Fast Underwriting: HELOCs close in 10-12 business days, on average
• Convenient Closings: Borrowers can digitally sign most loan documents and a mobile notary is dispatched to borrowers to collect remaining ink-signed documents
• Large Loan Limits: Borrow up to $300,000
• 5-Year Draw Period: Borrowers can pay down and borrow from their HELOC for up to five years
• Repay on Your Timeline: 10, 15, 20 and 30-year repayment terms available, with no prepayment penalty for the life of the HELOC
• Direct Creditor Pay: Borrowers using their HELOC to consolidate debt have the convenience of Achieve paying off their creditors directly
• Widespread Availability: Achieve HELOCs are available in 29 states, encompassing nearly 80% of the U.S. population
• Easy Account Management: Manage monthly payments and new draw requests through a web browser or mobile app

Homeowners who use an Achieve HELOC to consolidate debt have saved around $800 per month compared to their previous debt payments. Achieve works with its members to conduct a comprehensive financial assessment during the application process. A thorough collateral valuation process helps ensure the HELOCs are originated with low combined loan-to-value ratios that preserve an ample cushion of remaining home equity. Achieve believes this better enables its members to address their immediate financial needs without jeopardizing their opportunity to build long-term wealth via their home.

About Achieve
Achieve , THE digital personal finance company, helps everyday people get on, and stay on, the path to a better financial future. Achieve pairs proprietary data and analytics with personalized support to offer personal loans, home equity loans, debt relief and debt consolidation, along with financial tips and education and free mobile apps: Achieve MoLO® (Money Left Over) and Achieve GOOD™ (Get Out Of Debt). Achieve has 2,200 dedicated teammates across the country, with hubs in Arizona, California, Florida and Texas. Achieve is frequently recognized as a Best Place to Work.

Achieve refers to the global organization and may denote one or more affiliates of Achieve Company, including Achieve.com, Equal Housing Opportunity (NMLS ID #138464); Achieve Home Loans, Equal Housing Opportunity (NMLS ID #1810501); Achieve Personal Loans (NMLS ID #227977); Achieve Debt Relief (NMLS ID # 1248929); and Freedom Financial Asset Management (CRD #170229).

Contacts

Austin Kilgore
Director
Corporate Communications
[email protected]
214-908-5097

Elina Tarkazikis
Manager
Corporate Communications
[email protected]

SOURCE Achieve