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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 4.99% APR1  navigates to the related disclosure.

Pre-qualification does not affect your credit score.8  navigates to the related disclosure
Advertised rate includes a 0.75% discount with Autopay and Quorum opt-in.

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

Rates start at 4.99% APR1  navigates to the related disclosure. For primary residences, 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

The advertised rate of 4.99% includes a 0.75% discount for opting-in to a Quorum Membership(0.50%) and enrolling in autopay (0.25%).

The advertised rate of 4.99% includes a 0.75% discount for opting-in to a Quorum Membership(0.50%) and enrolling in autopay (0.25%).

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 lines of credit from $15,000 up to $150,000. A minimum credit score of 640 is required in most states, except in Oklahoma which requires a minimum credit score of 720. The maximum Combined Loan-to-Value ratio allowed is 80%.

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 line of credit amounts does Figure offer?

Figure offers lines of credit from $15,000 up to $150,000. A minimum credit score of 640 is required in most states, except in Oklahoma which requires a minimum credit score of 720. The maximum Combined Loan-to-Value ratio allowed is 80%.

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.

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