Achieve and Barclays Capital Finalize a $266 Million HELOC Securitization Successfully

Achieve and Barclays Capital Close $266 Million HELOC Securitization

In a significant advancement in the financial landscape, Achieve, a prominent leader in digital personal finance, announced that it has successfully completed a $266 million securitization of home equity lines of credit (HELOCs) on August 14, 2025. This transaction, named ACHM Trust 2025-HE2, not only strengthens Achieve's position in the market but also signifies a noteworthy boost in investor confidence.

The securitization encompasses a diverse range of mortgage-backed notes, classified into six rated and two unrated categories. It is backed by over 3,300 HELOCs that were newly originated by Achieve. The collaboration with Sutton Funding LLC, a Barclays Capital affiliate, marks notable partnerships in the industry. This marks the seventh such securitization by Achieve, underscoring its growing influence and trust among investors.

As of June 30, 2025, the HELOCs within the portfolio displayed a weighted average seasoning of just two months, with a total unpaid principal balance nearing $226 million. Ratings assigned to the different classes of notes ranged from AAA for Class A to B for Class F, showcasing a comprehensive rating structure meant to satisfy investor demands.

Barclays served as the sole structuring agent and lead bookrunner for this important deal, with Jefferies joining as a joint bookrunner and Guggenheim Securities and Performance Trust supporting the transaction as co-managers. Their involvement is pivotal in ensuring the successful execution of this structure, which features enhanced overcollateralization and a robust payment schedule that prioritizes the repayment of higher-cost subordinate debt.

Kyle Enright, Achieve's president of lending, commented on the transaction, stating, "This latest ABS transaction delivered a higher advance rate than our previous deals, reflecting strong investor demand and resulting in a more efficient overall structure."

Achieve’s HELOCs are designed with the consumer in mind, offering homeowners a way to utilize their home equity efficiently. These lines of credit provide options for consolidating unsecured debts, funding home renovations, or managing significant purchases. Notably, they are fixed-rate and fully amortizing, eliminating the uncertainty that traditional HELOCs often present through variable rates and balloon payments. Borrowers benefit from predictable costs, as the loans come with set terms ranging from 10 to 30 years, and no prepayment penalties.

To qualify for Achieve's Debt Consolidation HELOC, borrowers need to demonstrate that they can effectively reduce their payment obligations compared to their previous unsecured debts. Since 2019, this offering has provided an average savings of around $800 monthly to borrowers consolidating debt through Achieve. This not only aids in immediate financial relief but also positions borrowers more favorably for long-term wealth accumulation through responsible debt management.

In the transaction, most HELOCs are secured by a junior lien on the homeowner’s primary residence, albeit a fraction holds a first-lien position. Achieve places significant emphasis on conducting thorough financial assessments and collateral valuations to ensure that HELOCs are originated under low combined loan-to-value ratios, maintaining an ample cushion of home equity. This is part of Achieve’s overarching goal to help members effectively manage their financial needs without compromising their long-term wealth-building opportunities.

Andrew Housser, co-founder and co-CEO of Achieve, recognized this transaction as a reflection of the company's growth trajectory and the confidence investors have in Achieve’s HELOC platform. He stated, "We remain committed to providing flexible, fixed-rate options that empower homeowners to reach their financial objectives while ensuring robust performance for our investors."

This recent securitization stands as Achieve's second HELOC securitization of 2025, contributing to a cumulative total exceeding $1.36 billion. This showcases an impressive track record for Achieve, along with its extensive portfolio of personal loans, which, together with HELOCs, amount to more than $14 billion in loan originations.

For those interested in learning more about Achieve’s HELOC options, further details can be found at achieve.com/home-equity-loan.

This news release serves an informative purpose and does not constitute an offer to purchase anything in jurisdictions where such offering would be illegal. The notes mentioned have not been registered under the U.S. Securities Act of 1933 or other body of law, and were sold only to qualified institutional buyers.

Achieve continues to be a beacon in the financial landscape, reinforcing its mission to help individuals navigate toward better financial futures through innovative products and services aimed at sustainable financial health.