Pay less interest & keep more cash each month with a Figure HELOC
Keep your current low mortgage rate—access equity without refinancing
- 100% online fast HELOC application. Get approved in 5 minutes. Checking your rate won’t impact your credit!3: Navigates to numbered disclaimer
- Get your rate as of November 10, 2026. Today’s lowest HELOC rate: 7.10%.
- No in-person appraisal needed for loans under $400K. Funding in as few as 5 days.2: Navigates to numbered disclaimer
Checking your rate will not impact your credit.3: Navigates to numbered disclaimer
$30B+
Loans funded
382K+
households served with
Figure's platform
4.7★
Trustpilot rating
Before you refi, discover whether a HELOC could give you more cash, more flexibility, and one simple payment. Discover how much cash you could unlock with our HELOC calculator —>
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From overwhelmed to empowered:
How homeowners use Figure to simplify debt
A family of 5 tries to stay afloat amid job loss
After a sudden job loss and the birth of their third child, this Indiana family of five found themselves buried in over $25,000 of credit card debt just trying to keep up with everyday expenses. With the help of a $40,000 Figure HELOC, they finally consolidated their debt into a manageable payment—cutting their monthly bills nearly in half and regaining control over their finances.
Mental health struggles lead to $40k in credit card debt
After battling depression, Nikki’s spending spiraled—what began as $5,000 in credit card debt ballooned to $40,000. With her credit maxed out and minimum payments barely making a dent, she turned to Figure. A $40,000 HELOC helped her pay off her debt in full, and paired with therapy and better spending habits, her finances—and confidence—are finally back on track.
Debt consolidation made simple for homeowners
A Figure HELOC allows you to consolidate debt without the high costs, higher mortgage rate, or delays of a cash-out refi—apply online in 5 easy steps:
- 1
Start your Figure HELOC application to get your free rate
No credit impact3: Navigates to numbered disclaimer
- 2
Choose the debts you want to consolidate
Use our built-in Intellidebt tool to pick which balances to pay off and see exactly how your monthly payment will change.
- 3
Complete your application in minutes
Securely connect income/assets; most lines ≤$400K don’t need an in-person appraisal.
- 4
E-sign & fund
Close online; lines ≤$400K can fund in as few as 5 days2: Navigates to numbered disclaimer with deposits to your bank.
- 5
One lower monthly payment
Multiple high-interest bills become one payment!
HELOC vs. Cash-Out Refi:
What’s the difference?
A cash-out refinance restarts your mortgage, but a HELOC gives you more flexibility to borrow
against your home’s equity:
Lower Costs
HELOCs often have lower upfront costs and fees compared to a cash-out refinance.*
Flexible Repayment
During the HELOC’s draw period, you can borrow multiple times up to your limit and only pay interest on what you’ve actually borrowed.
Borrowing Flexibility
A Figure HELOC lets you draw multiple times (up to your credit limit). Once you repay the principal, you can borrow again—and you only pay interest on what you actually use. A cash-out refi doesn’t allow redraws like a HELOC.
Keep Your Current Mortgage
A HELOC doesn’t replace your existing mortgage, so if you already have a low interest rate, you can keep it while using the HELOC alongside it.
Figure’s pre-qualification process is free, 100% online and it only takes a few minutes.
*nerdwallet.com/article/mortgages/home-equity-loan-vs-cash-out-refinance
How does Figure HELOC compare against other options
Explore your options and see why our straightforward online application, quick funding, and competitive rates make us the smart choice for your financial needs.
Compare how much you could save with a HELOC versus a Cash-out Refi here!
| Figure HELOC4: Navigates to numbered disclaimer | Traditional Bank HELOC* | Cash-Out Refi | |
|---|---|---|---|
| Application | 100% Online, see your rate instantly | Varies by lender. May require in-person processes | Requires full mortgage application |
| Tax deductible | For home improvement (be sure to consult a tax professional) | For home improvement (be sure to consult a tax professional) | For home improvement (be sure to consult a tax professional) |
| Funding Speed | Get funding in as few as 5 days on loans of $400K or less2: Navigates to numbered disclaimer | Could be weeks | Varies, often 30–60 days** |
| Average APR | Fixed1: Navigates to numbered disclaimer or variable8: Navigates to numbered disclaimer rates | Variable rates, potentially higher | Generally aligned with current mortgage rates; closing costs apply |
- * lendingtree.com/home/home-equity/the-fastest-way-to-tap-your-home-equity/
- ** bankrate.com/mortgages/cash-out-refinance-pros-cons/#steps
This HELOC process is fast and efficient
This HELOC process was the easiest and fastest loan I have ever taken out. Every aspect was fast and efficient. Figure really streamlined the process. AAA+
Written by customer— Figure customer
Just closed on my heloc with Figure and they are legit
We received our funds within 5 days of signing closing documents.
Written by customer— Tina J.
Fast, easy, legit
My experience with Figure was much faster than I expected. I applied on a weekend but the whole process only took 7 actual (not business) days...They ARE LEGIT, and the process is light speed fast compared to most other funding sources. Thanks Figure.
Written by customer— James
Excellent
4.7 out of 5 based on 5,761 reviews
Trustpilot reviews Opens in a new window.
Use our HELOC calculator to see how much you could qualify to borrow
The amount you can borrow with a HELOC will vary based on certain factors such as the appraised value of your home and what percentage of that value the lender will allow you to borrow.
To determine how much you can borrow with a HELOC, you need to first calculate the maximum amount of equity that could be borrowed. Figure’s loan amounts range from a minimum of $15,000 to a maximum of $750,000.5: Navigates to numbered disclaimer
Checking your rate today won’t impact your credit!
Adjust the chart below to create the custom amount that relates to you.
$800,000
Current Home Value
$550,000
Remaining Mortgage Amount
In this scenario, you could qualify to borrow up to
$90,000
Check your HELOC rate*Based on borrowing 80% of your current home value
Have more questions?
Figure offers loans on:
- Single family residences
- Condos
- Townhouses
- The property may be the applicant's primary or secondary residence
Certain types of properties may not be eligible.
Yes, you can. Figure offers Home Equity Lines of Credit (HELOCs) even if your home is fully paid off.
Have your ID ready. You will also need login credentials to your online bank accounts for both income verification and setting up your disbursement account.