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Home Equity Line

A better alternative to a personal loan

Use your home to help you get a better rate. If you have good credit, you could reduce your interest rate and pay off debt faster.9  navigates to the related disclosure

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

Apply in 5 minutes and receive funding in 5 days2  navigates to the related disclosure

100% digital application, no hassle

Our application is completely online — which makes it fast and easy. We want you to get back to what matters most to you.

Fixed rates starting at 3.49% APR1  navigates to the related disclosure

With a Home Equity Line, you can use your home to get a better rate. No need to pay an average of 15% for a personal loan.

Dedicated member support

We’ll answer any questions. Call us Monday through Saturday 6am until 6pm PST (888) 819-6388.

The advantages of using your home equity

Get out of debt faster. Paying for personal loan debt can be expensive, but the good news is you don’t have to with rates starting at 3.49% APR.1  navigates to the related disclosure

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Personal Loan

Same-day approval
Yes
Maybe
Funding in 5 days
Yes
Maybe
Potentially Tax Deductible5  navigates to the related disclosure
Yes
No
Yes
No
Fixed monthly payments
Yes
Yes

The advertised rate of 3.49% includes a 0.75% discount for opting-in to a Quorum Membership(0.50%) and enrolling in autopay (0.25%). This rate also includes payment of an origination fee of 4.99%, for those who qualify.

Ready to get started?

Get your 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 about us

"We are so happy we decided to go with Figure! From applying to FaceTiming, our money was deposited within 1 week total."

— Brooke W.

Questions? We’re here to help.

Figure offers loans on single family residences and townhouses. The following properties are not eligible: co-ops, commercially zoned real estate, multifamily (5+) real estate, manufactured housing, earth or dome homes, timeshares, log homes, houseboats, or mixed use properties. The property must be the applicant’s primary residence, as we do not lend to secondary or investment properties at this time.

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.

Unlike other lenders’ home equity products, Figure doesn’t charge account opening and maintenance fees. The only upfront fee Figure charges is an origination fee of up to 4.99% of the initial draw amount, depending on the state where your property is located. An origination fee is what we charge to give you a loan. You may also be responsible for paying recording fees, which vary by county.

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.

Figure offers lines of credit from $15,000 up to $150,000. The required LTV and credit criteria are as follows: 50% Combined Loan-to-Value with Figure in the first lien position. 70% Combined Loan-to-Value with Figure in the third lien position, for applicant(s) with a credit score of 640 or above. 75% Combined Loan-to-Value with Figure in the second lien position, for applicant(s) with a credit score between 640 and 679. 80% Combined Loan-to-Value with Figure in the second lien position, for applicant(s) with a credit score between 680 and 759. 85% Combined Loan-to-Value with Figure in the second lien position, for applicant(s) with a credit score of 760 and above. Oklahoma requires a minimum credit score of 720.

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 improvements.5  navigates to the related disclosure

What type of properties are eligible?

Figure offers loans on single family residences and townhouses. The following properties are not eligible: co-ops, commercially zoned real estate, multifamily (5+) real estate, manufactured housing, earth or dome homes, timeshares, log homes, houseboats, or mixed use properties. The property must be the applicant’s primary residence, as we do not lend to secondary or investment properties at this time.

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 are the fees?

Unlike other lenders’ home equity products, Figure doesn’t charge account opening and maintenance fees. The only upfront fee Figure charges is an origination fee of up to 4.99% of the initial draw amount, depending on the state where your property is located. An origination fee is what we charge to give you a loan. 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.

What line of credit amounts does Figure offer?

Figure offers lines of credit from $15,000 up to $150,000. The required LTV and credit criteria are as follows: 50% Combined Loan-to-Value with Figure in the first lien position. 70% Combined Loan-to-Value with Figure in the third lien position, for applicant(s) with a credit score of 640 or above. 75% Combined Loan-to-Value with Figure in the second lien position, for applicant(s) with a credit score between 640 and 679. 80% Combined Loan-to-Value with Figure in the second lien position, for applicant(s) with a credit score between 680 and 759. 85% Combined Loan-to-Value with Figure in the second lien position, for applicant(s) with a credit score of 760 and above. Oklahoma requires a minimum credit score of 720.

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 improvements.5  navigates to the related disclosure