Figure HELOC: The Fastest Bank Loan Alternative

Checking your rate won't impact your credit.3navigates to numbered disclaimer

9+ Billion in Equity unlocked with Figure's platform

*experian.com/blogs/ask-experian/how-long-to-get-heloc

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Why Figure’s HELOC is a Better Choice than a Traditional Bank Loan:

  • 100% Online Application

    Say goodbye to the endless paperwork processes of traditional banks. Get approved in 5 minutes.

  • Competitive, Fixed Rates1navigates to numbered disclaimer

    Our HELOC rates are fixed so you always know how much your payment is!

  • Funding in as few as 5 days2navigates to numbered disclaimer

    Traditional banks and credit unions can take 2-6 weeks to process a loan.

  • Online video notary and customer support

    Easy online notary services with expert support. We've got you covered.

Figure’s HELOC vs. The Average Bank Loan

Compare our HELOC and the average traditional bank loan side-by-side to help you make an informed decision about tapping into your home's equity.

Figure HELOC

Traditional Bank HELOC*navigates to table disclaimer

RateFixed1navigates to numbered disclaimerVariable
Approval TimelinesFastSlow
Repayment ScheduleStraightforwardComplicated
Prepayment PenaltyNeverPossible, varies by lender
Fund DisbursementFunding in as few as 5 days2navigates to numbered disclaimer2-6 Weeks
Application100% Online, see your rate instantlyVaries by lender. May require in-person appraisal
Bank Relationship RequiredNo, anyone can apply!Possible

Figure’s HELOC offers greater borrowing flexibility compared to traditional bank loans.

A HELOC is faster and has easier approvals, better terms, and fixed rates. If you're a homeowner with equity in your home, a HELOC from Figure may be the perfect solution for your financing needs.

Excellent experience from the start

Everything was simple and I received money within 5 days. Much better than working with Rocket Mortgage!! This company is very efficient.

Written by customerStephanie F.

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What can I use a home equity line of credit for?

A HELOC can be used for many different purposes such as:

High interest debt consolidation

Tap equity to simplify debt into one easy payment.

Learn more
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