Figure HELOC

Figure HELOC Disclosure: ©2026 Figure Lending LLC

Figure Home Equity Line is available in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY.

Equal Housing Opportunity

This site is not authorized by the New York State Department of Financial Services. No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site.

Figure Lending LLC is a wholly-owned subsidiary of Figure Technology Solutions, Inc., a financial technology company.

1. The Figure Fixed Rate Home Equity Line is an open-end product where the full loan amount (minus the origination fee) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw.

2. Approval may be granted in five minutes but is ultimately subject to verification of income and employment, as well as verification that your property is in at least average condition with a property condition report. Five business day funding timeline assumes closing the loan with our remote online notary, and where loan amounts are under $400,000 which would not require an appraisal. Funding timelines may be longer for loans secured by properties located in counties that do not permit recording of e-signatures or that otherwise require an in-person closing, or that require a waiting period prior to closing, or where loan amounts exceed $400,000.

3. To check the rates and terms you qualify for, we will conduct a soft credit pull that will not affect your credit score. However, if you continue and submit an application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

4. A Figure HELOC is secured with your home as collateral, whereas personal loans and credit cards are not.

5. Our loan amounts range from a minimum of $15,000 to a maximum of $750,000. For properties located in AK, the minimum loan amount is $25,001 and for properties located in TX, the minimum loan amount is $35,000. Your maximum loan amount may be lower than $750,000, and will ultimately depend on your home value, lien position, credit profile, verified income amount, and equity available at the time of application. We determine home value and resulting equity through independent data sources and automated valuation models or appraisal. Loan amounts above $400,000 are subject to appraisal.

6. Available initial APRs range from 5.80% to 14.70% through January 14, and include a 0.50% promotional discount, as well as a .50% discount consisting of a 0.25% credit union membership discount and a 0.25% AutoPay enrollment discount, as well as the option to pay a higher origination fee in exchange for a reduced interest rate. Promotional discounts, fee options, and rates are not available to all applicants or in all states. The lowest APRs are available only to the most qualified applicants, based on credit profile, property location, and selection of ten-year loan terms. APRs will be higher for other applicants and those who select longer loan terms. Your actual APR will depend on factors including credit, combined loan-to-value ratio, loan term, occupancy status, property location, and whether you are eligible for and choose to pay a higher origination fee in exchange for a lower rate. Rates change frequently, and your exact APR will depend on the date you apply. For variable-rate HELOCs, the APR is based on an interest rate index and the credit agreement margin. Promotional discounts, if applicable, affect the margin used to calculate the APR. Changes in the index will result in corresponding changes to the variable APR after account opening, subject to a rate floor and rate cap, and monthly payments may increase or decrease accordingly. APRs for home equity lines of credit do not include certain costs other than interest. You may be responsible for an origination fee of up to 4.99% of your initial draw, depending on your state and credit profile, as well as other fees, which may include valuation costs ($180 if an AVM is unavailable), manual notarization ($350 where eNotary is not permitted), recording fees ($0–$315), and recording taxes ($0–$1,400 per $100,000 borrowed), which vary by state and county. Property insurance is required, and flood insurance may be required if the property is located in a flood zone.Terms and eligibility requirements apply.

7. You should consult a tax advisor regarding the deductibility of interest and charges to your Figure Home Equity Line.

8. The Figure Variable Rate Home Equity Line is an open-end product where the full loan amount (minus the origination fee) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on the selected rate at application and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the initial draw, plus a stated margin; however, the rate and payment will adjust monthly based on the market and the fluctuation of the Index subject to a Rate Cap and Rate Floor. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. The index can change at any time and the unpaid balance of all draws are subject to the monthly variable rate. Accordingly, variable rates are based on the market and may change after account opening. This product is not available in: MA, VA, MS, IL, WI, VT, DC, OK, TX, NY, CO, WY, WV, SC.

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