Partner HELOC for
Home Improvement Companies
Provide customers with a financing solution to support their home improvement needs. Partners can help their customers unlock up to $400k1navigates to numbered disclaimer to reinvest in their home by using a HELOC. Get in touch with us to learn more!
Merchant Partnership
Contractors and other merchants can offer their customers an incredible HELOC product, with long terms and high loan amounts, without paying dealer fees.
How it works
- Merchant markets Figure's product as financing option for the project
- Figure disburses funds directly to the borrower
- Borrower can work directly with the merchant to set payment schedule
- In accordance with RESPA, no referral fee will be paid to Merchant.
Figure's Responsibilities
- Figure handles everything
Figure | Partner | |
|---|---|---|
| Customer Acquisition | ||
| Technology | ||
| Underwriting / Pricing | ||
| Fulfillment | ||
| Sales to Investors | ||
| Originator | ||
| Servicing |
Help your customers unlock up to $$400k1navigates to numbered disclaimer in as few as $5 days2navigates to numbered disclaimer by tapping their home equity
Offer instant, personalized offers just like other digital services your customers are used to. Customers can apply 100% online, get low fixed rates, and borrow up to $400,0001navigates to numbered disclaimer with quick approval in 5 minutes.
Up to $400k with the option to redraw 100% of the original loan amount
Funding in as few as 5 days with no appraisal needed
Option to spread payments out over up to 30 years
Help your customers tap home equity while keeping their existing low-interest mortgage!
Our HELOC vs Traditional HELOC
Our HELOC | Traditional HELOC | |
|---|---|---|
| Funding time | In as few as 5 days2navigates to numbered disclaimer | 45 days |
| Fixed rate3navigates to numbered disclaimer | ||
| 100% online application | ||
| Automated underwriting | ||
| Draw feature | ||
| Appraisal | AVM | In person |
| Title report | ||
| E-closing*navigates to table disclaimer | ||
| Disbursement | Full disbursement | Over time |
- * E-notary available in most locations but not all
Benefits for your customers
Get up to $400k1navigates to numbered disclaimer, with terms of 5, 10, 15, or 30 years, plus funding in as few as 5 days
Lower rates, compared to alternatives such as personal loans and credit cards4navigates to numbered disclaimer
100% online application, no appraisal/title, with e-Notary available in many locations
Start offering HELOCs to your customer base within weeks
We offer other partnership opportunities beyond Private Label for both licensed and non-licensed entities. Submit the form below to chat today!