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
Figure's application is 100% online. Get approved in 5 minutes and funding in 5 days2.
Borrow up to $150,000 with a fixed rate† that won’t change over time, starting at 4.99% APR1.
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.
Ready to get started?
Ready to get started?
- 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
“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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