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 September 4, 2026. We may earn a commission when you click through.
Figure Home Equity Line of Credit
Updated 1 month agoAPR Range
6.75–15.0%
Amount
$15k–$750k
Term
60–360 months
Type
heloc
You'll be redirected to figure.com
Our Verdict
Figure's HELOC offers a fast, online application process with competitive rates, but potential borrowers should consider the implications of variable rates.
Best For
This product is ideal for homeowners looking for quick access to funds for home improvements, debt consolidation, or other major expenses.
Watch Out
Be aware of the variable APRs, which can range from 7.60% to 15.60%, and ensure you understand the terms before committing.
Full Review
Figure's Home Equity Line of Credit (HELOC) stands out for its fully online application process, which promises quick approval and funding—usually within five days. With a minimum credit score requirement of 640, it caters to a wide array of borrowers. The funding range of $15,000 to $400,000 allows for significant flexibility, making it a good option for various financial needs, from home renovations to debt consolidation.
However, potential borrowers should be cautious about the variable APR, which ranges from 7.60% to 15.60%. As interest rates rise, your payments could increase, making budgeting more challenging. Additionally, although the online application is convenient, it's crucial to thoroughly review the terms and conditions and consult with a financial advisor if needed.
Figure has received an A+ rating from the Better Business Bureau and a strong 4.8/5 rating on Trustpilot, indicating a solid reputation. However, the flags regarding incorrect information suggest that users should approach with caution and verify details independently. Overall, Figure's HELOC is a viable option for those comfortable managing a line of credit and who value a streamlined application process.
Requirements
- Homeowner with sufficient equity
- Good credit score
- Reliable payment history
- Low debt-to-income ratio
Similar options
NetCredit Personal Loans
PersonalAPR
34.0–36%
Amount
$1k–$10k
Term
6–60mo
Best for: This service is best for individuals needing immediate financial assistance and who may have trouble qualifying with other lenders.
APR
6.5–8.0%
Amount
$50k–$2M
Term
—
Best for: This service is best for homebuyers and homeowners looking to refinance without hidden fees or complicated processes.
Affirm Pay Over Time
PersonalAPR
0.0–36.0%
Amount
$50–$17.5k
Term
3–60mo
Best for: This service is best for those seeking interest-free payment options and a straightforward repayment process without hidden fees.
APR
6.17–6.5%
Amount
$50k–$3M
Term
180–360mo
Best for: It's ideal for tech-savvy borrowers looking for a fast, fully digital mortgage application process.
Better Mortgage Refinance
MortgageAPR
5.5–7.5%
Amount
$50k–$3M
Term
180–360mo
Best for: This service is ideal for homeowners looking to refinance without origination fees and with a quick online process.
Bethpage Federal Credit Union HELOC
MortgageAPR
5.99–7.5%
Amount
$10k–$500k
Term
60–240mo
Best for: This HELOC is best for borrowers seeking a no-closing-cost option and who prefer interest-only payments during the draw period.