Figure Home Equity Line

Apply for a home equity line of credit
in minutes

Get a rate as low as 4.99% APR1on a home equity line of credit in just a few simple steps.

Pre-qualification does not affect your credit score

A simpler way to tap into your home’s equity

All-digital, no hassle
All-digital, no hassle

Figure's application is 100% online. Get approved in 5 minutes and funding in 5 days2.

Keep your low rate
Keep your low rate

Borrow up to $150,000 with a fixed rate that won’t change over time, starting at 4.99% APR1.

No ongoing fees
No hidden fees7

Besides the origination fee1, you won’t be charged fees on application, appraisals or maintenance.

Pre-qualification does not affect your credit score

The advantages of a home equity line of credit

Figure’s HELOC offers one of the quickest and easiest ways to combine your debt.

FigureCredit
Card
Personal
Loan
Traditional
HELOC

Average APR6

4.99 - 13.74%1

15 - 20% (floating)

12 - 14%

5 - 10% (floating)

Same-day approval

Yes

Yes

Maybe

No

Funding in 5 days2

Yes

Yes

Maybe

No

Tax deductible5

Yes

No

No

Yes

No ongoing fees*

Yes

No

No

Maybe

Fixed monthly payments

Yes

No

Yes

No

* Origination fee

Ready to get started?

Figure Home Equity Line

Ready to get started?

Figure Home Equity Line
  • Check your rate by sharing a few quick facts
  • Choose your loan amount and submit your application
  • Receive your funds!

Pre-qualification does not affect your credit score

See what people are saying about us

Figure Customer Review

“We knew if we could borrow against our home, we could consolidate debt, stop using credit cards, build our businesses, and quickly improve our financial health. Figure came through for us—from application to funding, it took seven days. THANK YOU!”

“Heidi S.”

Questions? We’re here to help.

Will checking my credit hurt my credit score?

No, checking your rate will not affect your credit score. However, if you decide to take a loan, we will need to conduct a hard credit pull which can drop your score temporarily by a few points.

Is HELOC interest tax-deductible?

Unfortunately, you cannot write off interest if you use your loan for debt consolidation. You may be able to write the interest off if your loan is used for home improvements⁵.

What is an origination fee?

An origination fee is what we charge to give you a loan. It ranges from 0 to 4.99% of your initial draw, depending on your credit score and the state in which your property is located. You may also be responsible for paying recording fees, which vary by county.

How much equity do you need for a HELOC?

It varies by your other credit criteria, including your FICO score and your debt-to-income ratio. Figure requires that you retain at least 5% equity in your home following the HELOC funding, though depending on your overall profile that minimum requirement may be higher.

How long does it take to get a HELOC?

Traditional HELOCs can take up to 30 to 45 days, which is normally the time it takes for loan underwriters to process the application. With Figure, you can get approved in 5 minutes and have your funding in as few as 5 days.

What line of credit amounts does Figure offer?

Figure offers lines of credit from $15,000 up to $150,000. You’ll need a minimum credit score of 600, and the maximum Combined Loan-to-Value ratio is 95%.

Learn more about home equity

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