Get cash 6x faster
with Figure vs. a Traditional Refi
Figure lets you tap your home equity, consolidate debts, and refinance your existing mortgage from home with one easy online-only application!
- 1
Complete our 100% online
applicationNo in-person appraisal needed for loans under $400K and prequalification won’t affect your credit score.3: Navigates to numbered disclaimer You’ll immediately see your options.
- 2
Get approved in 5 minutes,
funding in as few as 5 days2: Navigates to numbered disclaimerBorrow from $15,000 to $750,0005: Navigates to numbered disclaimer with one-time origination fee.6: Navigates to numbered disclaimer Easy online notary services in most locations with expert support.
- 3
Option to redraw up to 100%1: Navigates to numbered disclaimer
Take advantage of the option to take additional draws as needed.
Figure is the #1 non-bank HELOC lender in the US*
A cash-out refinance from a bank can take weeks to complete and the out-of-pocket costs can be unmanageable. With Figure, you can consolidate your outstanding mortgage balance, plus any other debts you have, into one easy payment.
$15 billion
in equity unlocked with
Figure’s platform
201,000+
households served with
Figure's platform
100%
online application
process
How does Figure compare against other options
| Figure Cash-Out Refi9: Navigates to numbered disclaimer | Traditional Bank Cash-Out Refi | Traditional Bank HELOC* | |
|---|---|---|---|
| Application | 100% online, see your rate instantly | Requires full mortgage application | Varies by lender. May require bank visits |
| Funding speed | Funding in as few as 5 days on loans of $400k or less2: Navigates to numbered disclaimer | Varies, often 30–60 days** | Could be weeks |
| Fees | No out of pocket costs8: Navigates to numbered disclaimer | Varies; often includes appraisal fees, underwriting fees, title fees, and more often totalling up to $4,300*** | Varies; often include appraisal costs, title search, and attorney fees |
| Automatically consolidate debts | Yes, automatically consolidate your mortgage, credit cards, personal loans, and more into one easy monthly payment | No, can refinance mortgage but must pay off debts manually. | No, must pay off debts manually |
| Redraws | Yes, Figure lets you redraw up to 100% during the draw period | No, would have to restart the entire application process | Yes, HELOCs allow for redraws for a finite period of time |
- * lendingtree.com/home/home-equity/the-fastest-way-to-tap-your-home-equity/
- ** bankrate.com/mortgages/cash-out-refinance-pros-cons/#steps
- *** themortgagereports.com/74024/cost-to-refinance-a-mortgage
Have more questions?
Figure offers loans on:
- Single family residences
- Condos
- Townhouses
- The property may be the applicant's primary or secondary residence
- Have an investment property? Try our DSCR loan!
Certain types of properties may not be eligible.
Yes, you can.
Yes, you can use Figure to pay off your most junior lien.
Have your ID ready. You will also need login credentials to your online bank accounts for both income verification and setting up your disbursement account. If your property is owned by a trust, you’ll also need your Certificate of Trust.
Great service great rates
Looking to consolidate debt or need access to equity in your home, Figure made the process quick and easy and provided rates which beat other lenders. I would recommend Figure to anyone looking to pull equity out of their home.
Written by customer— Kevin
So far it’s been one of the most easiest processes
that I’ve ever experienced when trying to obtain a loan. Before, I tried to go through who I already have my mortgage with and it turned into a joke. I truly hope Figure sets a strong example for others to follow. I greatly appreciate Figure and will definitely highly recommend it to others.
Written by customer— James B.
Simply the best!
Figure made the application for a HELOC very convenient and the process was painless and quick! The mortgage was funded 8 days after completing the online application. The notarizing was even done online. Figure has competitive rates and is unmatched in the industry. I would definitely use them again!
Written by customer— Martin L.
3285 Excellent Reviews on trust pilot
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