Grow your business with Figure’s HELOC for home improvement & solar
As fast as a personal loan, but with the monthly payment
and interest rate of a mortgage
$2 billion
home improvement
loans per year*
$400,0005navigates to numbered disclaimer
up to $400k approval in
less than 5 minutes
5 days
client funding
timeline2navigates to numbered disclaimer
Close more deals. Close bigger deals.
Supercharge your sales team with the Figure Home Equity Line of Credit (HELOC).
- Your customers can tap their home equity for up to $400k5navigates to numbered disclaimer in cash. That's 4x more cash than the leading personal loan and home improvement finance lenders.
- We make the borrowing process frictionless. So that you can close more deals -- and upsell bigger jobs.
Your client applies for financing over the kitchen table with an approval in less than 5 minutes.
- Our application process is fast, easy, and 100% online. They can apply from an iPad, or you can text them a link to the application.
- Easier than a bank, as fast as a personal loan, and as cheap as a mortgage.
Most customers want the lowest possible monthly payment they can get.
- With our competitive rates and longer repayment terms, our monthly payment is on average 3-4x less than a personal loan.
- You can feel confident that you’re helping your clients find the most affordable option available.
Your clients can get access to up to $400k5navigates to numbered disclaimer with funding in as few as 5 days.2navigates to numbered disclaimer
- Unlike with typical construction lenders, you won't have to wait for a complete installation to receive payment. You can put the client on a payment plan that works for you.
- Say goodbye to your cash flow troubles.
Hello, working capital!
We'll never charge you (or your client) a dealer fee to access a Figure HELOC.
- Most construction lenders charge home improvement and solar contractors a 5-20% dealer fee. And many contractors end up passing that dealer fee on to the client.
- We make it simple so you can close more deals.
Larger loans, longer terms,
and lower rates
| Figure's HELOC | Home Improvement Loans | Personal Loans* | |
|---|---|---|---|
| Prevailing rates | 7.40% - 17.20% APR6navigates to numbered disclaimer | 7%-19% APR | 12%-25% APR |
| Term length | Up to 30 years | Up to 20 years | 3-5 years |
| Loan amounts | Up to $400k5navigates to numbered disclaimer | Up to $100k | Up to $100k |
| Funding time | 5 days2navigates to numbered disclaimer | At project completion | 3-5 days |
| Fast approval | Less than 5 minutes | Less than 5 minutes | Less than 5 minutes |
| Re-draw (line of credit) | |||
| No dealer fee | |||
| Contractor paid by client | |||
| Online partner portal |
How contractors can leverage
the Figure HELOC in 3 easy steps
- 1
Discuss financing
- Discuss over the kitchen table. Text a link to apply. Embed a link in your quote, estimate, or invoice — it’s up to you!
- 2
Pre-qualify for a HELOC in 5 minutes
- Your clients complete a quick online application that won’t affect their credit score.3navigates to numbered disclaimer
- They’ll immediately see their HELOC options — with maximum funding amount, monthly payment, interest rate, and term length.
- Approvals occur in less than 5 minutes.
- 3
Funding in as few as 5 days2navigates to numbered disclaimer
- Your clients choose an option, and then complete the final steps of the application. Once completed, they can receive funding in as few as 5 days.
Learn how Figure can help your clients fund their next project
Our home improvement & solar financing specialists are ready for you. Submit the form to chat today to get education, collateral, and more!
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