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.

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.

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 $4.75% 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 $4.75% APR.1  navigates to the related disclosure

Figure Logo

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

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.

No, checking your rate will not affect your credit score. However, if you decide to take a loan, we will need to conduct a hard credit pull which can drop your score temporarily by a few points.

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.

An origination fee is what we charge to give you a loan. It ranges from 0 to 4.99% of your initial draw, depending on the state in which your property is located. 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. You’ll need a minimum credit score of 620, and the maximum Combined Loan-to-Value ratio is 95%.

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 improvements5  navigates to the related disclosure.

Will checking my credit hurt my credit score?

No, checking your rate will not affect your credit score. However, if you decide to take a loan, we will need to conduct a hard credit pull which can drop your score temporarily by a few points.

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 is an origination fee?

An origination fee is what we charge to give you a loan. It ranges from 0 to 4.99% of your initial draw, depending on the state in which your property is located. 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. You’ll need a minimum credit score of 620, and the maximum Combined Loan-to-Value ratio is 95%.

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 improvements5  navigates to the related disclosure.