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Figure Lending LLC dba Figure | NMLS #1717824 - For licensing information, go to www.nmlsconsumeraccess.org  Opens a new window.

Equal Housing Opportunity

This site is not authorized by the New York State Department of Financial Services. No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site.

For Figure Home Equity Line, our APRs can be as low as 3.00% for the most qualified applicants and will be higher for other applicants, depending on credit profile and the state where the property is located. For example, for a borrower with a CLTV of 45% and a credit score of 800 who is eligible for and chooses to pay a 4.99% origination fee in exchange for a reduced APR, a five-year Figure Home Equity Line with an initial draw amount of $50,000 would have a fixed annual percentage rate (APR) of 3.00%. The total loan amount would be $52,495. Alternatively, a borrower with the same credit profile who pays a 3% origination fee would have an APR of 4.00% and a total loan amount of $51,500. Your actual rate will depend on many factors such as your credit, combined loan to value ratio, loan term, occupancy status, and whether you are eligible for and choose to pay an origination fee in exchange for a lower rate. Payment of origination fees in exchange for a reduced APR is not available in all states. In addition to paying the origination fee in exchange for a reduced rate, the advertised rates include a combined discount of 0.50% for opting into a credit union membership (0.25%) and enrolling in autopay (0.25%). APRs for home equity lines of credit do not include costs other than interest. Property insurance is required as a condition of the loan and flood insurance may be required if your property is located in a flood zone.

The Figure Home Equity Line is an open-end product where the full loan amount (minus the origination fee) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw.

For the Figure Home Equity Line, approval may be granted in five minutes but is ultimately subject to verification of income and employment. Five business day funding timeline assumes closing the loan with our remote online notary. Funding timelines may be longer for loans secured by properties located in counties that do not permit recording of e-signatures or that otherwise require an in-person closing. In addition, funding timelines may be longer if we cannot readily verify that your property is in at least average condition with no adverse external factors with a property condition report and need to order a desktop appraisal to confirm the value of your property.

For the Figure Mortgage Refinance, refinancing at a longer repayment term may lower your monthly loan payments, but may also increase the total interest paid over the life of the loan. Depending on your cash-out amount, your monthly payments may increase, even with a lower APR.

To check the rates and terms you qualify for, we will conduct a soft credit pull that will not affect your credit score. However, if you continue and submit an application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

Figure's Home Equity Line and Mortgage products require that you pledge your home as collateral, and you could lose your home if you fail to repay.

Average personal loan rates on ValuePenguin  Opens a new window., Average credit card rates on ValuePenguin  Opens a new window., Average Home Equity rates on Bankrate  Opens a new window.

For Figure Mortgage Refinance, cash-out amounts range from a minimum of $2,000 to a maximum of $500,000. Your maximum cash-out amount may be lower than $500,000, and will ultimately depend on your home value and equity at the time of application, and your ability to qualify.

Figure’s Personal Loan amounts range from a minimum of $5,000 to a maximum of $50,000. You may not be eligible for our maximum amount, as minimum and maximum loan amounts vary depending on the state in which you reside and your credit profile.

Figure’s Personal Loan Referral Program is not available for borrowers or applicants located in Kentucky, Ohio, or Rhode Island, and does not apply to any of Figure’s other loan products. For either party to be eligible to receive the $150 gift card, the referred loan must be funded. Once the referred loan has been funded, it may take up to 5 business days to fulfill the gift card orders, which will be delivered electronically to the email addresses associated with each account.

For the Figure Personal Loan, the advertised APR of 5.75% includes a 0.25% discount for enrolling in autopay. This APR is for the most qualified applicants based on factors such as credit score, debt-to-income ratio, credit utilization and credit inquiries; rates will be higher for other applicants. The advertised APR is only available for applicants who are eligible for and select 3 year loan terms; longer terms have higher rates. Rates change frequently so your exact rate will depend on the date you apply. You will be responsible for an origination fee of up to 3.00% of your loan amount, depending on the state in which you reside. Loan terms and fees are also subject to change.

Interest rates change daily so your exact interest rate will depend on the date you apply and lock your rate. A typical rate on a Figure Mortgage Refinance loan is 2.73% (2.793% APR). A typical rate on a Figure Purchase Mortgage loan is 2.73% (2.836% APR). The average loan amount of $417,007.00 with the average rate above would result in 360 monthly payments of $1,697.98. The monthly payment amount stated does not include taxes and insurance, which will result in a higher payment if these amounts are escrowed. Applicants will be required to pay 20% of the loan amount as a downpayment at origination for a purchase mortgage, or demonstrate an 80% loan-to-value ratio for a mortgage refinance. Terms and conditions apply.