Apply For Your Fast Online HELOC Without An In-Person Appraisal
- Make the most of your property's value by tapping into your home equity for up to $750,000.5: Navigates to numbered disclaimer
- Apply with our 100% online application in minutes with funding in as few as 5 days.2: Navigates to numbered disclaimer
- Get your rate as of July 1, 2025.
- Faster than a bank loan, cheaper than a personal loan.
- 5 minute approval. No impact to your credit score.3: Navigates to numbered disclaimer
- Get the funds you need now to start that home improvement project or consolidate your debt.
Checking your rate does not impact your credit score3: Navigates to numbered disclaimer
The #1 non-bank home equity line
of credit in the U.S.*
Featured in
How Figure stacks up to other kinds of loans
Compare side-by-side to help you make an informed decision about tapping into your home’s equity.
| Figure HELOC | Average Personal Loan* | Traditional Bank HELOC*** | |
|---|---|---|---|
| Tax benefits | Interest may be tax-deductible if used for home improvements** | Not tax deductible | For home improvement (be sure to consult a tax professional) |
| Loan amount | Based on home equity, can be up to $750k5: Navigates to numbered disclaimer | Varies by lender—typically up to $100k | Varies by lender —typically up to $400k |
| Fund disbursement | Get funding in as few as 5 days on loans of $400K or less2: Navigates to numbered disclaimer | Varies by lender, 1-3 days after approval | 2-6 weeks |
| Application | 100% online, see your rate in minutes | Varies by lender | Varies by lender—may require in-person appraisal |
| Average APR | Lower4: Navigates to numbered disclaimer | Higher | Variable rates, potentially higher |
- * money.usnews.com/loans/personal-loans/articles/personal-loan-vs-home-equity-loan-which-is-better
- ** Please consult a tax advisor regarding the deductibility of interest and charges to your Figure Home Equity Line.
- *** lendingtree.com/home/home-equity/the-fastest-way-to-tap-your-home-equity/
What can I use a home equity line of credit for?
A HELOC can be used for many different purposes such as:
Faster Than a Traditional Bank - Unlock Your Equity Online in Just 1-2-3 with a Figure HELOC
- 1
Complete our 100% online
applicationNo in-person appraisal needed for loans under $400K. Prequalification won’t affect your credit score3: Navigates to numbered disclaimer. You’ll
instantly see your HELOC options. - 2
Get approved in 5 minutes,
funding in as few as 5 days2: Navigates to numbered disclaimerBorrow from $15,000 to $750,0005: Navigates to numbered disclaimer with one-time
origination fee.6: Navigates to numbered disclaimer Easy online notary services in most locations
with expert support. - 3
Option to redraw up to 100%1: Navigates to numbered disclaimer
Take advantage of the option to take additional draws
as needed.
One of the easiest loans I have ever received.
All is done online and with the proper information they wanted I received money in six days. I have recommended Figure to those looking for loans.
Written by customer— CAD
Painless way to borrow money
I wanted a HELOC for debt consolidation purposes and Figure made it happen for me all at my computer keyboard! Favorable terms with ability for early repayment. Recommend highly!
Written by customer— Laurence J.
Figure was a breath of fresh air...
After going crazy with a different HELOC company, Figure was a breath of fresh air. I was approved and closed within 24 hrs. The money should be delivered within 5 business days. Rates were on par and flexible choices sealed the deal.
Written by customer— Steve M.
Quick and painless HELOC
I had started a traditional HELOC application with a standard bank and it was taking forever -- five-plus weeks. I decided to try Figure to see if I could get things done faster and it was incredibly quick and easy, and basically the same rate. I wish I'd gone with them first!
Written by customer— Margaret H.
3285 Excellent Reviews on trust pilot
Trustpilot reviews Opens in a new window.Frequently asked questions
A home equity line of credit, or HELOC, is a revolving line of credit. Instead of receiving a one-time loan amount as you do with a traditional loan, a HELOC gives you a borrowing limit (or credit limit). As you repay the balance, you can withdraw money from the credit line as you would with a credit card when you need it.
There are lenders that offer both variable rate and fixed interest rate home equity lines of credit. Figure’s HELOC is a fixed-rate1: Navigates to numbered disclaimer line of credit. A fixed-interest rate HELOC can provide payment predictability and peace of mind for borrowers.
To qualify for a HELOC, you must have sufficient equity in your home, meaning the amount you owe must be less than the home's current value. Lenders typically allow borrowing up to 85% of the home's value minus what you owe. Besides equity, lenders consider factors like credit score, credit history, employment, income, debt payments, and debt-to-income ratio to determine approval, credit line amount, and interest rate. The qualification process is similar to applying for a mortgage, so it's important to research and ensure you meet specific lender requirements before applying.
You may be able to deduct interest paid on a home equity product if the loan is used for home improvement. You should consult a tax advisor regarding the deductibility of interest and charges.
Most applicants can complete the application in 5 minutes and you'll receive the results of your prequalification request immediately. However, final approval is subject to verification of income and employment, as well as the condition of the property.
A home equity loan provides a lump sum with fixed payments and interest, usually over 5 to 20 years, and is often used for major home repairs or debt consolidation. In contrast, a traditional HELOC offers a flexible credit line for ongoing expenses, allowing you to borrow as needed over a set period. Figure's HELOC gives you the full amount upfront with a fixed interest rate, but like a traditional HELOC, you can borrow again once part of the principal is repaid.