Home Equity Line of Credit
Get the cash you need without leaving home
Apply with our 100% online application in minutes and with funding in as few as 5 days.2navigates to numbered disclaimer While traditional HELOCs usually have variable interest rates that can change over time, our HELOC provides fixed rates.1navigates to numbered disclaimer No need to wait for an in-person appraisal. Get the funds you need now, and move forward with life.
Approval in 5 minutes, funding in as few as 5 days2navigates to numbered disclaimer
100% online application
No in-person appraisal needed. Get approved in 5 minutes.
Option to redraw up to 100%
Lock in a lower rate with the option to redraw up to 100%.
Funding in as few as 5 days2navigates to numbered disclaimer
Borrow up to $400,0005navigates to numbered disclaimer with a one-time origination fee.6navigates to numbered disclaimer
Online video notary & support
Benefit from easy online notary services available in most locations, and expert support. We've got you covered.
What can I use a home equity line of credit for?
A HELOC can be used for many different purposes such as:
Compare your options
HELOC vs. Personal Loans4navigates to numbered disclaimer
Figure's HELOC is helping homeowners save thousands of dollars in interest payments compared to a cash-out refinance.
| Figure HELOC | Average Personal Loan*navigates to table disclaimer | |
|---|---|---|
| Fixed rate1navigates to numbered disclaimer | ||
| Redraw | ||
| Application | 100% online, see your rate instantly | Varies by lender |
| Monthly Payments | Lower | Higher |
| APR | Lower | Higher |
| Terms | Up to 30 years | Up to 7 years |
| Amount | Up to 400k5navigates to numbered disclaimer | Up to $100k |
Your home equity line of credit guide
Need more information? If you're considering a Home Equity Line of Credit follow this guide to take a closer look at how HELOCs can be a great planning tool for homeowners.
The average homeowner could save $80k
with a HELOC vs a Cash-Out Refinance Opens in a new window.
All savings calculations are estimates. Savings totals are calculated using the average mortgage balance, average interest rates, and average HELOC amount applied for, and subtracting the difference paid over the life of the estimated loan terms. Actual savings will depend on several factors determined at the time of application and may be less than estimated. For a complete itemization of the assumptions used, please visit our source. Opens in a new window.