Due to the current impacts of COVID-19, including the closure of county recording offices, uncertainty regarding notary availability and other issues, we are suspending the offering of our HELOC product. We apologize for any inconvenience. You can, however, join our waiting list by providing your email and we will let you know when our HELOC is available.

Figure Home Equity Line

Get the cash you need without leaving home

Apply with our 100% online application in minutes and receive funding in 5 days.2  navigates to the related disclosure No need to wait for an in-person appraisal. Get the funds you need now, and move forward with life.

Pre-qualification does not affect your credit score.8  navigates to the related disclosureRate 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. No in-person appraisal needed. Get approved in 5 minutes, all from the comfort of home.

Enjoy a low, fixed rate  navigates to the related disclosure

With rates starting at 4.75% 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

Online video notary and support

Online video notary sessions are available in some locations. Call us with questions Mon–Sat 6am–6pm PT at 888-819-6388.

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

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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

Don’t just take our word for it—read what our members have been saying about their experience with Figure.

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 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 620, 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 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 620, 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.