⭐ Editor's Choice — Top Rated Pick
Figure HELOC
📍 Available in: US
★★★★★ 4.8 / 5.0
Figure is a leader in modern consumer home equity lending. By leveraging automated desktop valuation models (AVMs), Figure allows homeowners to apply online in 5 minutes, get an instant decision, and access their home equity in as few as 5 business days without an in-person appraiser walking through their home. Every draw is locked into a fixed interest rate.
Key Facts at a Glance
| APR / Rate | 7.55% - 14.75% Fixed APR |
| Coverage / Loan Limit | $15,000 - $400,000 |
| Credit / Eligibility | Good to Excellent (680+ FICO) |
| Terms Available | 5, 10, 15, or 30 Years |
| Origination Fee | 0.0% - 4.99% |
Pros & Cons
✓ Pros
- ✓Fastest HELOC funding in the industry (as few as 5 business days)
- ✓Fixed interest rate protects you against Federal Reserve rate volatility
- ✓Fully digital workflow with online automated notarization and valuation
- ✓Higher borrowing limits up to $400,000
✕ Cons
- ✕Requires 100% initial draw of the approved credit line at closing
- ✕Origination fee can reach up to 4.99% on lower credit profiles
- ✕Minimum 680 credit score excludes borrowers with fair credit
Key Features
5-Minute Online ApprovalFixed-Rate on Every DrawNo In-Person Appraisal Needed0.25% Autopay DiscountUp to 85% Combined LTV
Compare Figure HELOC Side-by-Side
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