Figure HELOC: A Faster Bank Loan Alternative
- Enjoy a seamless, paperless application process.
- Get rapid funding and forget the long bank timelines.* With Figure, you can apply in 5 minutes with funding in as few as 5 days.2navigates to numbered disclaimer
- Make the most of your property's value by tapping into your home equity for up to $400,0005navigates to numbered disclaimer
- Say goodbye to unpredictable payments and lock in a competitive, fixed rate.1navigates to numbered disclaimer
Checking your rate won't impact your credit.3navigates to numbered disclaimer
*experian.com/blogs/ask-experian/how-long-to-get-heloc
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Why Figure’s HELOC is a Better Choice than a Traditional Bank Loan:
100% Online Application
Say goodbye to the endless paperwork processes of traditional banks. Get approved in 5 minutes.
Competitive, Fixed Rates1navigates to numbered disclaimer
Our HELOC rates are fixed so you always know how much your payment is!
Funding in as few as 5 days2navigates to numbered disclaimer
Traditional banks and credit unions can take 2-6 weeks to process a loan.
Online video notary and customer support
Easy online notary services with expert support. We've got you covered.
Figure’s HELOC vs. The Average Bank Loan
Compare our HELOC and the average traditional bank loan side-by-side to help you make an informed decision about tapping into your home's equity.
| Figure HELOC | Traditional Bank HELOC*navigates to table disclaimer | |
|---|---|---|
| Rate | Fixed1navigates to numbered disclaimer | Variable |
| Approval Timelines | Fast | Slow |
| Prepayment Penalty | Never | Possible, varies by lender |
| Fund Disbursement | Funding in as few as 5 days2navigates to numbered disclaimer | 2-6 Weeks |
| Application | 100% Online, see your rate instantly | Varies by lender. May require in-person appraisal |
| Bank Relationship Required | No, anyone can apply! | Possible |
Figure’s HELOC offers greater borrowing flexibility compared to traditional bank loans.
A HELOC is faster and has easier approvals, better terms, and fixed rates. If you're a homeowner with equity in your home, a HELOC from Figure may be the perfect solution for your financing needs.
Excellent experience from the start
Everything was simple and I received money within 5 days. Much better than working with Rocket Mortgage!! This company is very efficient.
Written by customer— Stephanie F.
I am completely happy with all my dealings with FIGURE!
I like it when Figure notifies me about a pending auto payment and how Figure notifies me when a payment has been successfully made. I chose to have my payments made on the 5th of each month and that is working great for me. The process of applying for the loan was better than all other loan companies.
Written by customer— Andrew K.
Choosing a HELOC was a much better option for me at this time than a cash-out refinance.
Everything was done virtually and the support team at Figure was available by phone or email when I needed them. Everyone was knowledgeable, courteous, and friendly. The time from submitting my application to receipt of funds was under 3 weeks and likely would have been sooner if I had taken longer on a couple of things they needed.
Written by customer— Julie Y.
Figure Best foe Home Equity Financing
If you decide to get a home equity loan I highly recommend FIGURE. It's easy, the communication from the company is EXCELLENT. And the interest rates FIGURE provides are better than anyone else out there. I highly recommend that you go straight to FIGURE for any home equity financing needs.
Written by customer— Joseph P
2731 Excellent Reviews on trust pilot
Trustpilot reviews Opens in a new window.What can I use a home equity line of credit for?
A HELOC can be used for many different purposes such as: