Figure Home Equity Line

The fastest, simplest way to get your home equity line

Let your home earn you a better rate. Consolidate high-interest credit card or personal debt. Rates starting at 4.99% APR.1  navigates to the related disclosure

Pre-qualification does not affect your credit score. Rate includes an autopay discount of 0.50%.

Approval in 5 minutes. Funding in 5 days.2  navigates to the related disclosure

100% digital application, no hassle

Our application is fast, easy, and all online. Get your funds quickly to move forward with what matters to you.

Enjoy a low, fixed rate  navigates to the related disclosure

With rates starting at 4.99% APR1  navigates to the related disclosure, you can borrow up to $150,000 and only pay a one-time origination fee.7  navigates to the related disclosure

Dedicated member support team

Our team can answer any questions. We’re available Monday through Saturday, 6am–6pm PST.

Your home equity could earn you a great rate

Our home equity line allows you to consolidate debt at a lower rate compared to credit cards and personal loans.

Figure Logo
Figure Logo
Credit Card
Personal Loan
Traditional HELOC
15 - 20% (floating)
10 - 20%
5 - 10% (floating)
Same-day approval
Yes
Yes
Maybe
No
Yes
Yes
Maybe
No
Potentially Tax Deductible5  navigates to the related disclosure
Yes
No
No
Yes
Only an origination fee
Yes
No
No
Maybe
Fixed monthly payments
Yes
No
Yes
No

Is a HELOC right for you? Learn more

Is a HELOC right for you? Learn more

Ready to get started?

Get you pre-qualification rate without affecting your credit score.8  navigates to the related disclosure Choose your loan amount, submit your application, and get funding in as few as 5 days.

See what our members are saying about us

Questions? We’re here to help.

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.

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.

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.

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.

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%.

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  navigates to the related disclosure.

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.

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 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.

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%.

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  navigates to the related disclosure.