The Achieve HELOC is a fixed-rate home equity line of credit with lines from $15,000 to $700,000. It’s a good fit if you want a fixed APR, you live in one of its 31 states, and you can use the whole approved amount right away, like consolidating debt.
Before you apply, know the one thing that catches people. You take the full approved amount in your first draw, so interest starts on all of it, and closing costs run from $750 to $10,304.
At a glanceGood fit if you want one fixed APR, you live in one of Achieve’s 31 states, and you can use the full approved amount right away.
Look elsewhere if you want to draw a little at a time, you’re borrowing a small amount (even the $750 low end of the closing costs is 5% of a $15,000 line), your credit is under 600, or your state isn’t on the list.
Achieve checks your rate without a hard credit pull.
Get two more quotes before you decide
Figure says it can fund in as few as 5 days on loans of $400,000 or less. Achieve’s own page puts its average at 10 to 12 business days.
Check My Figure RateChecking your rate with Figure is a soft pull.
A HELOC from Upstart Home Lending runs $26K to $250K, so it fits a smaller line than Achieve’s $700,000 ceiling.
Check My Rate with Upstart Home LendingChecking your rate is a soft inquiry. Accepting your rate and moving ahead triggers a hard inquiry. If you are in a state Upstart Home Lending does not serve, this link takes you to Figure.
What it costs to open, in dollars
Closing costs are the part people don’t see coming, so here is the formula in dollars for four line sizes.
| Line you’re approved for | Origination at 4.0% | Underwriting | Formula total | Against Achieve’s stated range |
|---|---|---|---|---|
| $15,000 | $600 | $725 | $1,325 | Inside $750 to $10,304 |
| $50,000 | $2,000 | $725 | $2,725 | Inside $750 to $10,304 |
| $100,000 | $4,000 | $725 | $4,725 | Inside $750 to $10,304 |
| $150,000 | $6,000 | $725 | $6,725 | Inside $750 to $10,304 |
Our arithmetic from Achieve’s stated terms, rounded to the dollar. Origination = line times 4.0%. Formula total = origination plus the $725 underwriting fee. Achieve says these fees apply only where state law allows.
Achieve’s pages give two origination caps: up to 4.0% in the legal footnote on its HELOC page, and up to 3.50% in its Affiliated Business Arrangement disclosure. The table uses the higher one.
Achieve’s own range for total closing costs is $750 to $10,304, depending on line amount and state law. Ask for your closing costs in writing before you accept.
A second quote is how you find out whether those closing costs are competitive for you, so check your rate with Figure and put the two fee lines side by side.
There’s no monthly payment example here, because Achieve’s pages say each period is fully amortized but don’t show how payments work during the 5 year draw period. You won’t see your own APR until you check your rate.
How the Achieve HELOC works, step by step
- 1Check your rate
Apply online or with a Mortgage Advisor. A decision can come back in as little as 2 minutes, and checking doesn’t involve a hard credit pull.
- 2Get your home valued
Achieve uses an automated valuation system. In most cases a full in-person inspection isn’t necessary.
- 3Close
Closing fees run from $750 to $10,304, depending on your line amount and state law.
- 4Take the full amount in your first draw
You get the full approved loan amount at once. Achieve’s page says as fast as 5 days once you’re approved, and puts the average at 10 to 12 business days.
- 5Pay down and borrow again for 5 years
During the 5 year draw period you can pay the balance down and borrow it again, up to your limit. The rest of your 10, 15, 20 or 30 year term is a no-draw period, and each period is fully amortized.
What you need to qualify
The 6.10% APR in Achieve’s headline comes with conditions. Here they are as Achieve states them.
10 year term
FICO score of 700 or higher
Combined loan-to-value (CLTV) of 40% or less
Debt-to-income ratio (DTI) of 15% or less
Autopay enrollment (ACH opt-in). It isn’t required to get the loan, but the lowest APR assumes it
Line over $35,000 up to $150,000
If that doesn’t sound like you, expect a higher APR. To qualify at all, this is what Achieve asks for.
A credit score of at least 600. Your line amount is assigned on credit score, DTI and CLTV.
CLTV limits from 75% to 90%, set by credit score and property type, and DTI up to 50%.
An owner-occupied home. Property insurance is required, flood insurance may be required, and your home is the collateral.
A home in one of 31 states. Achieve puts that at nearly 80% of the U.S. population, and its license list names Alabama, Arizona, Arkansas, California, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Montana, Nebraska, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Utah and Washington. A license list isn’t a promise your address qualifies, so check your state on Achieve’s application.
How fast it funds
Achieve’s HELOC page says application-to-funding takes as fast as 5 days once you’re approved. A few lines later, the same page puts the average at 10 to 12 business days, so plan on about two weeks and treat 5 days as the best case. If you’re up against a deadline, ask for the timeline in writing.
Figure says it can fund in as few as 5 days on loans of $400,000 or less, and that it may take longer otherwise, so if speed matters, get a quote from Figure and compare the timelines.
Achieve HELOC pros and cons
What works
Fixed APR, so the rate doesn’t move
No prepayment penalty
Lines up to $700,000
Four terms, 10 to 30 years
Rate check without a hard credit pull
Credit from 600
Usually no in-person appraisal
What to know first
You get the full amount at once, so interest starts on all of it
Closing fees from $750 to $10,304
The lowest APR has strict conditions
Available in 31 states
Average funding is 10 to 12 business days
Your home is the collateral
Compare before you apply
Achieve is one of a few lenders worth a quote. A rate check on the two below starts with a soft pull, so you can hold their numbers against Achieve’s before you commit.
| Feature | Achieve | Figure | Upstart Home Lending |
|---|---|---|---|
| APR | Fixed 6.10% to 15.17% | 7.35% to 14.85%, fixed or variable options | 6.52% to 18.00%,1 variable, each draw fixed2 |
| Line amount | $15,000 to $700,000 | $15,000 to $750,000 (Oct. 6) | $26K to $250K |
| Terms | 10, 15, 20 or 30 years | 10, 15, 20 or 30 years (Oct. 6) | 10 and 15 years |
| Closing costs | $750 to $10,304, which can include origination up to 4.0% and $725 underwriting | Origination up to 4.99% of the initial draw (Oct. 6) | Origination 0% to 4.99% of the limit, no annual fee |
| Funding | As fast as 5 days, average 10 to 12 business days | As few as 5 days on loans of $400K or less | 3 business days after approval |
| Appraisal | Usually no in-person visit | None under $400K | None for nearly all applicants |
| Rate check | No hard pull | Soft pull | Soft inquiry |
| States | 31 | 48 plus D.C. (Oct. 6) | Not published |
| Draw rules | Full amount up front, re-borrow for 5 years | Full amount drawn at closing, option to redraw | Draw at least 80% of the limit when you open it |
Achieve and Figure figures were read October 13, 2026 unless a date is shown. Upstart Home Lending’s APR range is as of June 2026.
Checking your rate with Figure is a soft pull.
Checking your rate is a soft inquiry. Accepting your rate and moving ahead triggers a hard inquiry. If you are in a state Upstart Home Lending does not serve, this link takes you to Figure.
More to read: our guide to the best HELOC lenders, the Figure HELOC review and the best home equity investment companies, which can work when a HELOC won’t.
Price Figure first. Checking your rate is a soft pull and takes a few minutes, so you’ll have a second number to put next to Achieve’s.
Check My Figure RateAchieve HELOC FAQs
Yes. The HELOC is made by Achieve Loans, NMLS #1810501, which is licensed in 31 states. It is a secured loan, so your home is the collateral.
The minimum credit score is 600. Your line amount is assigned on credit score, debt-to-income ratio and combined loan-to-value, and the combined loan-to-value limit runs from 75% to 90%. The lowest APR needs a FICO of 700 or higher.
Closing fees run from $750 to $10,304, depending on your line and your state. They can include an origination fee of up to 4.0% of the line and a $725 underwriting fee, where state law allows. Achieve’s pages give two origination caps, 4.0% and 3.50%. There is no prepayment penalty.
Yes. You get the full approved loan amount in your initial draw. During the 5 year draw period you can pay it down and borrow it again, up to your limit, but you cannot start with a smaller draw.
Funding can happen in as fast as 5 days once you’re approved, but the average is 10 to 12 business days. A June 2026 press release says closings can take as little as 7 business days.
It is available in 31 states: Alabama, Arizona, Arkansas, California, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Montana, Nebraska, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Utah and Washington.
Sources (7)
We use primary sources: each company’s own product pages and legal terms.
- Achieve. Home Equity Line of Credit (HELOC). achieve.com. Accessed October 13, 2026.
- Achieve. Achieve boosts HELOC loan limit to $700,000, June 3, 2026. achieve.com. Accessed October 13, 2026.
- Achieve. Licenses. achieve.com. Accessed October 13, 2026.
- Figure. Home Equity Line of Credit (HELOC). figure.com. Accessed October 13, 2026.
- Upstart Home Lending. Apply for HELOC in minutes. heloc.upstartmortgage.com. Accessed October 13, 2026.
- Upstart Home Lending. Am I required to make a minimum draw?. helochelp.upstartmortgage.com. Accessed October 13, 2026.
- Upstart Home Lending. What is a HELOC?. helochelp.upstartmortgage.com. Accessed October 13, 2026.
Upstart Mortgage, LLC dba Upstart Home Lending. NMLS #2443873. Equal Housing Opportunity.
1 Terms shown here are subject to change without notice. APRs for initial advances range from 6.52% to 18.00% based on rates offered as of June 2026. The lowest rate is only available to consumers willing to become a member of a credit union and to those who meet a minimum FICO score of 780, CLTV under 70%, and DTI under 45%. Your actual rate will depend on many factors such as your credit history, combined loan-to-value ratio (CLTV), line amount, loan term, lien position, and property state. Origination fee to open an account is between 0% and 4.99% of the approved credit limit. The Annual Percentage Rate (“APR”) is variable and based on the Prime Rate as published in the Wall Street Journal “Money Rates” table plus or minus a margin. Your APR will never be less than 3.99% or greater than 18.00%. Property insurance is required.
2 A Home Equity Line of Credit has a variable rate. The APR may change, but the APR that will apply to each draw will be fixed on the date the draw is made. Your APR will be the Prime Rate at the time of draw plus a margin fixed for the life of the HELOC.
