Why wait on Rocket Mortgage? Get cash faster with a Figure HELOC
- Apply for your fast HELOC without an in-person appraisal. Lock in a competitive, fixed rate1: Navigates to numbered disclaimer today
- 5 minute approval with our 100% online application. Funding in as few as 5 days2: Navigates to numbered disclaimer
- Tap into your home equity for up to $750,0005: Navigates to numbered disclaimer. Redraw up to 100% as you repay1: Navigates to numbered disclaimer.
- Get your rate as of July 15, 2025. Checking your rate won’t impact your credit!3: Navigates to numbered disclaimer
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Figure HELOC vs. Rocket Mortgage HELOAN
Discover why Figure HELOC is a better choice for unlocking your home’s equity
| Figure HELOC | Rocket Mortgage HELOAN | |
|---|---|---|
| Application Process | 5 minute, 100% online application process | Online, but you'll need to speak with a loan officer to complete the process* |
| Appraisal Requirement | No in-person appraisal in most cases | Typically requires an appraisal |
| Fund Disbursement | Get funding in as few as 5 days on loans of $400K or less2: Navigates to numbered disclaimer. Direct deposit to the account of your choice! | Typically 20 days from the date of application to close* |
| Minimum Borrowing Requirement | Lines start at just $15,000 - Ideal for smaller projects | Loans starting at $45,000** |
| Credit Score Requirement | Minimum 640 - Helps more homeowners qualify | Minimum 680 |
- * nerdwallet.com/reviews/mortgages/rocket-home-equity-loan-review
- ** rocketmortgage.com/home-loans/home-equity-loan
Use our HELOC calculator to see how much you could qualify to borrow
The amount you can borrow with a HELOC will vary based on certain factors such as the appraised value of your home and what percentage of that value the lender will allow you to borrow.
To determine how much you can borrow with a HELOC, you need to first calculate the maximum amount of equity that could be borrowed. Figure’s loan amounts range from a minimum of $15,000 to a maximum of $750,000.5: Navigates to numbered disclaimer
Checking your rate today won’t impact your credit!
Adjust the chart below to create the custom amount that relates to you.
$800,000
Current Home Value
$550,000
Remaining Mortgage Amount
In this scenario, you could qualify to borrow up to
$90,000
Find my rate*Based on borrowing 80% of your current home value
See Why Customers Across the U.S. Chose Figure:
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 customer— Stephanie F.
I can't believe how efficient and fast these folks are
2 top lenders in the mortgage realm dragged their feet hoping I would give up my 2 percent mortgage with a growing $200K of equity in my home. But the folks at Figure knew what my goal was in trying to get some money to pay off some debt and fix up my kitchen a bit. Me and my wife are thrilled and I would highly recommend them over Rocket and or Discover.
Written by customer— S. Passehl
3330 Excellent Reviews on trust pilot
Trustpilot reviews Opens in a new window.Don’t wait—unlock your equity in as few as 5 days2: Navigates to numbered disclaimer. Start your Figure HELOC application now!