Figure HELOC vs. USAA Personal Loan
- Lock in a competitive rate6: Navigates to numbered disclaimer. 5 minute approval with our 100% online application2: Navigates to numbered disclaimer. Funding in as few as 5 days2: Navigates to numbered disclaimer
- Borrow from just $15k (perfect for smaller projects) up to $750,0005: Navigates to numbered disclaimer. Redraw up to 100% as you repay1: Navigates to numbered disclaimer
- Enjoy a seamless, paperless application process. Get your rate as of September 5, 2025. Checking your rate won’t impact your credit!3: Navigates to numbered disclaimer
3,545 Excellent Reviews on Trustpilot rating: 4.8 out of 5 stars Opens in a new window. Opens in a new window.
The #1 non-bank home equity line of credit in the U.S.*
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Compare Figure HELOC and USAA Personal Loan
Discover why Figure HELOC is a better choice for unlocking your home’s equity.
| Figure HELOC4: Navigates to numbered disclaimer | USAA Personal Loan | |
|---|---|---|
| Application Process | 5 minute, 100% online application process | Fully online* |
| Rate Type | Fixed1: Navigates to numbered disclaimer or variable8: Navigates to numbered disclaimer | Fixed* |
| Potential Tax Treatment | Interest may be tax-deductible when used for home improvement (consult a tax professional) | Personal-loan interest isn’t tax-deductible |
| Line Amount | $15k–$750k5: Navigates to numbered disclaimer | $1k–$100k* |
| Eligibility | Available to qualified homeowners in most states | USAA membership required* |
| Flexibility to Access Funds | Revolving line of credit. Draw, repay, and draw again up to your available limit—no new application.1: Navigates to numbered disclaimer | One-time lump sum. If you need more later, you must apply for a new loan* |
- * nerdwallet.com/reviews/loans/personal-loans/usaa-personal-loans
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!3: Navigates to numbered disclaimer
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:
My bank was not helpful...
My bank was not helpful. Figure honestly looked at my equity in my home and accepted my terms. It was amazing to me that I did not speak to a human being. Thank you.
Written by customer— Thomas P.
Shocked by how easy and fast the process was to get a HELOC
I am unbelievably impressed by the way they were able to verify my income from bank statements and by the instant property valuation. And VERY happy with my loan terms!
Written by customer— Maggie D.
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 customer— Kellie M.
3575 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!
Frequently asked questions
A home equity line of credit, or HELOC, is a revolving line of credit. Instead of receiving a one-time loan amount as you do with a traditional loan, a HELOC gives you a borrowing limit (or credit limit). As you repay the balance, you can withdraw money from the credit line as you would with a credit card when you need it.
Figure offers both fixed1: Navigates to numbered disclaimer and variable8: Navigates to numbered disclaimer options so you can choose the option that works best for you. A fixed-interest rate HELOC can provide payment predictability and peace of mind for borrowers. A variable-interest rate can change over time and follows the market. Some months your payment could be higher, and some months it could be lower.
To qualify for a HELOC, you must have sufficient equity in your home, meaning the amount you owe must be less than the home's current value. Lenders typically allow borrowing up to 85% of the home's value minus what you owe. Besides equity, lenders consider factors like credit score, credit history, employment, income, debt payments, and debt-to-income ratio to determine approval, credit line amount, and interest rate. The qualification process is similar to applying for a mortgage, so it's important to research and ensure you meet specific lender requirements before applying.
You may be able to deduct interest paid on a home equity product if the loan is used for home improvement. You should consult a tax advisor regarding the deductibility of interest and charges.
Most applicants can complete the application in 5 minutes and you'll receive the results of your prequalification request immediately. However, final approval is subject to verification of income and employment, as well as the condition of the property.
A home equity loan provides a lump sum with fixed payments and interest, usually over 5 to 20 years, and is often used for major home repairs or debt consolidation. In contrast, a traditional HELOC offers a flexible credit line for ongoing expenses, allowing you to borrow as needed over a set period. Figure's HELOC gives you the full amount upfront with fixed1: Navigates to numbered disclaimer or variable8: Navigates to numbered disclaimer interest rate options, but like a traditional HELOC, you can borrow again once part of the principal is repaid.