• Log In
  • Find my rate

FOR BORROWERS

Home Equity Line

All digital home equity line of credit
Mortgage Refinance

Quickly refinance your home loan
Cash-Out Refinance

Easily refinance and get the cash you need

FOR BUSINESSES

Figure Loan Marketplace

Investors can buy and sell loans on the Provenance blockchain
Blog

Finance & Investing Insights
FAQs

Get how-to help on specific products
Videos

Watch a tutorial of our easy application
About

Learn about Figure
Careers

Explore our open roles
Loan Marketplace

Investors can buy and sell loans on the Provenance blockchain
Contact Us

Talk to customer service for support
Newsroom

Read the latest

Categories

  • Home
  • Home Equity
  • Home Improvement
  • Debt
  • Retirement
  • Member Stories
  • Tools & Guides
  • Culture

Products

  • Home Equity Line
  • Mortgage Refinance
  • Loan Marketplace
Log In
Find my rate
  • Home
  • Home Equity
  • Home Improvement
  • Debt
  • Retirement
  • Member Stories
  • Tools & Guides
  • Culture
  • Search
Chief Economist Outlook

What is inflation? Our Chief Economist explains

June 18, 2019

Facebook Twitter LinkedIn Instagram

Refinancing and HELOCs Can Affect Your Tax Obligations. Here’s How.

Mortgage

3 Reasons to Sell Your Home and 3 Reasons to Stay Put in 2021

Mortgage

It’s Personal: The No-Matter-Why-You-Need-It Loan Solution

Personal Loan

5 Major Advantages to Getting a HELOC with Figure

Debt

Questions to ask before applying for a personal loan

Personal Loan
Facebook Twitter LinkedIn Instagram

©2020 Figure Technologies, Inc

650 California Street, Suite 2700
San Francisco, CA 94108

Figure Lending LLC dba Figure
15720 Brixham Hill Ave, Suite 300
Charlotte, NC 28277

General Customer Support: 888-819-6388

Mortgage Refinance Support: 888-697-1506

Figure

Education About Figure Newsroom Contact Us Careers FAQs Site Map

Products

Home Equity Line Mortgage Refinance Cash-Out Refinance Loan Marketplace

Legal

Terms of Use Licenses Privacy Policy HELOC Servicing
Fee Schedule

Figure

Education About Figure Newsroom Contact Us Careers FAQs Site Map

Products

Home Equity Line Mortgage Refinance Cash-Out Refinance Loan Marketplace

Legal

Terms of Use Licenses Privacy Policy HELOC Servicing
Fee Schedule

These articles and resources are not intended to be financial advice. They are for educational purposes only, and financial decisions should be based on specific financial needs, goals and risk appetite.

Figure Lending LLC dba Figure | NMLS #1717824 - NMLSCONSUMERACCESS.ORG

Figure Home Equity Line is available in with more states to come.

Figure Mortgage Refinance is available in with more states to come.

lending icon 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.

1 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.

2 For Figure Home Equity Line, our APRs can be as low as 2.99% 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 2.99%. The total loan amount would be $52,495. 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 0.75% for opting into Credit Union Membership (0.50%) 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.

3 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.

4 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.

5 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.

*You should consult a tax advisor regarding the deductibility of interest and charges to your Figure Home Equity Line.

Please enter at least 3 characters 0 Results for your search