Before You Apply

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To generate a pre-qualified rate we create a soft inquiry, which does not affect your credit score. You may see this soft inquiry on your credit report, but it’s only visible to you and not to other creditors or users of your credit report. However, submitting your application will result in a hard inquiry and may affect your credit score.

There may be some tax benefits for deducting mortgage interest depending on your circumstances. Please consult a tax professional for specific information related to your taxes.

Keeping your data safe and private is important to us. We use a range of security and encryption techniques to keep your data secure. For more details on our Privacy Policy, please visit

An origination fee is a one-time processing fee for setting up your loan. We charge 2%.

Single family homes and townhouses qualify for our mortgage refinance. We currently lend only on primary residences. Second homes and investment properties are not supported at this time.

We lend to individual or joint borrowers. LLC, Trusts, and other ownership types are not currently supported.

No, at this time we do not lend to investment properties and second/vacation homes.

The lowest FICO score we can accept is 620.

Yes, hazard insurance is required and will be reviewed prior to consummation, and flood insurance is required if your home is in a flood zone.

Whatever you want! We suggest doing something responsible - like covering any immediate necessary costs, paying off debt, or fixing up your home.

You can borrow up to 80% of your home's value as your new mortgage amount, with up to $500,000 in the form of cash back. This is subject to the Federal Housing Finance Agency's annual conforming loan limits.

There may be some tax benefits for deducting mortgage interest depending on your circumstances. Please consult a tax professional for specific information related to your taxes.

No, sorry.

Many applicants can complete the application in around 10 minutes. Once your application is processed you will be notified to schedule your closing session. To improve your processing speed, respond to requests to schedule your appraisal, inform your employer to expect to be contacted, and reach out with any questions.

Click on the Log In link on the top of

The first of every month.

The only payment that Figure accepts is an electronic payment.

Your dashboard has all of your billing documents. Simply log in to your account to see your dashboard.

You'll be serviced by Figure or subservicers that we contract with. In the event that servicing rights are sold, you will be notified at least 15 days prior to any servicing transfer.

You can update your account information by logging into your borrower portal.

Late fees will be applied for payments that are 15 days late, but will not exceed 5% of the late payment. Additionally, any non-sufficinent funds penalities incur a $20 charge.

To change your account information, please contact us at  Opens a new window. or 1-888-819-6388  Opens a new window. (Not for use by New York borrowers).

You can view all of your documents on your dahsboard. Just log in to your account to see it.


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Figure uses an Automated Valuation Model (AVM) to assess the value of your property in order to generate a pre-qualified offer. This model takes into account metrics such as recent sales of similar properties, public data records, and historical price trends in the housing market to reach an assessment of your property's worth. If you decide to proceed with an application, we will order a full appraisal to determine your property's value.

Sure, as long as you meet the minimum requirements for each loan.

1. Accrued interest 2. Principal balance 3. Escrow 4. Fees 5. Remaining unpaid principal balance

Figure utilizes independent third parties to conduct the appraisal, inspections (if applicable) and title search. They'll reach out directly to schedule appointments. Figure may contact you for additional information or to faciliate the process. Please call us anytime at 1-888-819-6388.

We are happy to work with you and answer any additional questions you may have. Give us a call us at 1-888-819-6388.

Your loan estimate may change if the terms of your loan change or your eligibility. This could occur when you select a different offer or any changes that may occur as a result of your income, credit, or property verification processes.

Once your application is approved, Figure will order your appraisal. You'll be contacted to arrange a date and time for the appraisal by a third party company we work with. If you have any questions, please contact us.

Once your loan is approved, you can schedule the closing session at a time and place of your choosing. For some locations, you can conduct the closing electronically from your home computer.

Figure currently only allows two borrowers.

All legal employment (including self employment), rental income, retirement income, child support/alimony, interests and dividends, and social security qualify.

We use connected accounts to verify your reserves and set up your loan for disbursement. At minimum, you need to connect at least one checking account. If you opt in to AutoPay, you can select an account to be used for your monthly payment.

For verification of assets, Figure accepts 401k, IRA, Keogh, Roth, Savings, Brokerage, Money Market, checking and CD accounts.

Figure partners with an independent third party to verify your employment. You should let your employer know that you are applying for a mortgage loan and to expect an email and/or phone call to verify your employment.

Rate and Cost

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You are able to borrow up to 80% of your home's value as your new mortgage amount up to the Federal Housing Finance Agency's annual conforming loan limits. Up to $500,000 can be in the form of cash back.


Figure offers a 30-year fixed term, and if you choose to pay off your loan early, there is no prepayment penalty. The maximum total loan amount is $1,500,000 and the maximum amount of cash that can be taken out is $500,000.

Our fees include charges that are normally associated with a mortgage application, such as the appraisal fee, title, settlement and recording fees as well as a 2% origination fee that is applied to all offers generated after 04/03/2020.

Of course.

Currently you can not.

Property taxes and insurance are included. HOA is not.

Mortgage rates can change daily. Start your application today to find out what rate you qualify for.

The interest rate is the cost you will pay each year to borrow the money, expressed as a percentage rate. It does not reflect fees or any other charges you may have to pay for the loan. An annual percentage rate (APR) is a broader measure of the cost to you of borrowing money, also expressed as a percentage rate. In general, the APR reflects not only the interest rate but also any points, mortgage broker fees, and certain other charges that you pay to get the loan. For that reason, your APR is usually higher than your interest rate.

Origination fee: 2% Flood monitoring fee ($65) Tax monitoring fee ($65) Tax status research fee ($45) Settlement Fee (location dependent) Prepaid interest (daily simple interest until first amortization period) Mortgage recording fee Mortgage recording tax fee Deed recording fee Deed recording tax fee Appraisal fee Credit report fee Lenders title policy Environmental Protection Lien No prepayment penalty fees 6 month insurance payment up front 6 month property tax payment up front


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You are not obligated until signing your final loan documents. However, you will be charged for any fees incurred during the processing of your loan, which could include (but is not limited to) appraisal fees, credit report fees, title and settlement fees.

If we identify a variance in your stated income compared to verified income, we'll let you know. You'll have the option to connect to additional accounts, provide additional information (e.g. pay stubs and tax returns), or select a lower loan amount based on your verified income. In some cases we'll decline your application if your verified income does not qualify for a loan.