Figure Home Equity Line of Credit
Home equity line of credit with 100% online application. Approval in 5 minutes, funding in 5 days. Draw on your home equity as needed.
Last checked on May 16, 2026. We may earn a commission when you click through.
Figure offers a streamlined home equity line of credit with a quick application process, but be mindful of the APR range.
Figure Home Equity Line of Credit
Updated 20 hours ago| APR | Amount | Term |
|---|---|---|
| 6.65–15.0% | $15,000–$400,000 | 60–360 mo |
Requirements
—Decision
—Our Verdict
Figure offers a streamlined home equity line of credit with a quick application process, but be mindful of the APR range.
Best For
This product is ideal for homeowners looking for a flexible way to access cash from their home equity without lengthy approval processes.
Watch Out
Be cautious of the higher APRs, which can range from 7.60% to 15.60%, depending on your credit profile.
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About this loan
Figure's HELOC offers a fast, online application process with competitive rates, but potential borrowers should consider the implications of variable rates.
What Customers Say
Many borrowers appreciate the quick application and funding, but some report issues with customer service.
Expert Analysis
If you’re a homeowner needing quick access to funds, Figure’s HELOC could be a convenient solution. Approval takes just 5 minutes, and funds can be available within 5 days. This is particularly beneficial for urgent expenses like home repairs or medical bills.
The APR for this loan varies significantly, starting at 7.60% and going up to 15.60%. This could translate to a substantial difference in your monthly payments, depending on how much you borrow. For instance, a $50,000 draw at a 10% APR could result in monthly payments of around $500, making it crucial to understand your financial capacity.
While the 100% online application is a plus for tech-savvy borrowers, it’s essential to consider that only applicants with a minimum credit score of 640 are likely to qualify for the best rates. If your credit is less than ideal, you may face higher costs.
We noticed that the customer service experience has varied based on user feedback. Some borrowers reported delays in response times, which can be frustrating when managing finances. Overall, if you need immediate cash and are comfortable with the associated costs, Figure’s HELOC could serve your needs well.
Rates shown are representative. Your actual rate may differ based on your circumstances. We may earn a commission for referrals.
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US property owner
Proof of income and employment