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

Use Figure to fund your home improvement

With the Figure Home Equity Line, you can finance your next project with a rate as low as 4.75% APR2  navigates to the related disclosure.

Pre-qualification does not affect your credit score.8  navigates to the related disclosure

Build your dream home faster

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.

The best way to fund home improvement

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

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

Blockchain, meet everyone. Everyone, meet blockchain.

Blockchain helps improve financial transactions (behind the scenes) to make them more efficient, secure, and less costly.

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.

Pools aren’t typically an excellent resale investment. But if having a pool suits your lifestyle, a home improvement loan can be a great way to finance the cost of a swimming pool.

The money you borrow from home improvement lines of credit aren’t tax-deductible, but you may be able to deduct the interest on home improvement lines of credit.

A loan for some home improvement projects can be a good idea, especially if you’re using the loan on home improvements that increase the value of your home. And a home equity line of credit can potentially get you a better interest rate than an unsecured or personal loan can.

A FICO credit score of 620 or higher may be needed to be approved for a home improvement line of credit. Figure, however, approves some applicants with lower loan-to-value ratios with FICO scores of 620 or higher.

The better your FICO score, the easier it will be to get a home improvement loan. If you opt to go with a home equity line of credit to fund home improvements, you’ll also need to make sure the equity in your home is 20% or more.

Figure offers loans 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%.

Can you get a home improvement line of credit for a pool?

Pools aren’t typically an excellent resale investment. But if having a pool suits your lifestyle, a home improvement loan can be a great way to finance the cost of a swimming pool.

Are home improvement lines of credit tax-deductible?

The money you borrow from home improvement lines of credit aren’t tax-deductible, but you may be able to deduct the interest on home improvement lines of credit.

Is a home improvement line of credit a good idea?

A loan for some home improvement projects can be a good idea, especially if you’re using the loan on home improvements that increase the value of your home. And a home equity line of credit can potentially get you a better interest rate than an unsecured or personal loan can.

What credit score is needed for a home improvement line of credit?

A FICO credit score of 620 or higher may be needed to be approved for a home improvement line of credit. Figure, however, approves some applicants with lower loan-to-value ratios with FICO scores of 620 or higher.

How hard is it to get a home improvement loan?

The better your FICO score, the easier it will be to get a home improvement loan. If you opt to go with a home equity line of credit to fund home improvements, you’ll also need to make sure the equity in your home is 20% or more.

What loan amounts does Figure offer?

Figure offers loans 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%.

Learn more about home improvement loans

As part of the Figure community, you’ll get access to leading financial experts, industry events, and our unparalleled customer service team.

Home Improvement  opens a new window to blog category
3/4/2020
Spring Home Maintenance Checklist

Regular maintenance can feel like a regular pain, but overlooking small repairs can add up to big bills later. Read More

  opens a new window to blog entry
Home Improvement  opens a new window to blog category
2/27/2020
Home improvement vs. moving out

Homeowners often consider moving when they feel they’ve outgrown their current house. However, moving may not be the best decision if you’re basically happy with your current ... Read More

  opens a new window to blog entry
Home Equity  opens a new window to blog category
2/12/2020
HELOCs vs. personal loans for home improvement

Deciding how to finance expensive home improvements often comes down to a choice between a home equity line of credit (HELOC) and a personal loan. According to HomeAdvisor ... Read More

  opens a new window to blog entry