Figure HELOC vs. SoFi HELOC

Skip the 21-Day Wait—Get a Fixed-Rate Figure
HELOC in as Few as 5 Days2: Navigates to numbered disclaimer!

15+ Billion in Equity unlocked with Figure's platform
Trustpilot rating: 4.7 out of 5 stars  Opens in a new window.
Forbes Fintech 50, Most Innovative Fintech Startups 2025

The #1 non-bank home equity line
of credit in the U.S.*

Featured in

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Compare a Figure HELOC vs. SoFi HELOC

Discover why Figure HELOC is a better choice for unlocking your home’s equity.

Figure HELOCSoFi HELOC
Rate TypeFixed (predictable payments)1: Navigates to numbered disclaimerVariable
Application Process5 minute, 100% online application processOnline pre-qualification, but you'll need to speak with a loan officer to complete the process*
Appraisal RequirementNo in-person appraisal for loans under $400KYes, typically requires a full appraisal*
Fund DisbursementFunding in as few as 5 days2: Navigates to numbered disclaimer. Direct deposit to the account of your choice!21 days on average from the date of application to funding**
Minimum Borrowing RequirementLines start at just $15,000 - Ideal for smaller projectsLoans starting at $50,000**
Credit Score RequirementMinimum 640 - Helps more homeowners qualifyMinimum 680
  • * sofi.com/home-loans/heloc/
  • ** creditkarma.com/home-loans/i/sofi-heloc-review

Skip SoFi’s 21-day limbo. Apply with Figure in minutes and get funded in as few as 5 days2: Navigates to numbered disclaimer

Unlock Your Equity Online in Just 1-2-3 with a Figure HELOC

  1. 1

    Complete our 100% online
    application

    No in-person appraisal needed for loans under $400K. Prequalification won’t affect your credit score3: Navigates to numbered disclaimer. You’ll
    instantly see your HELOC options.

  2. 2

    Get approved in 5 minutes,
    funding in as few as 5 days2: Navigates to numbered disclaimer

    Borrow 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. 3

    Option to redraw up to 100%1: Navigates to numbered disclaimer

    Take advantage of the option to take additional draws
    as needed.

See Why Customers Across the U.S. Chose Figure:

Super easy and fast way to get a HELOC

Super easy and fast. Documents were generated quickly; online notary made signing a breeze. Even confirming salary via a link to my bank made things so much easier.

Written by customerKellie M.

3283 Excellent Reviews on  trust pilot

Trustpilot reviews  Opens in a new window.
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Don’t wait—unlock your equity in as few as 5 days2: Navigates to numbered disclaimer. Start your Figure HELOC application now!

Frequently asked questions