Figure Mortgage Refinance
Figure Mortgage Refinance
in Mortgage Refinance from Figure Lending LLC · NMLS ID #1717824

Figure Mortgage Refinance

in Mortgage Refinance from Figure Lending LLC · NMLS ID #1717824
SuperMoney Net Recommendation Score +45  


This product is mostly recommended by SuperMoney users with a score of +45, equating to 3.9 on a 5 point rating scale.


Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Mostly recommended

14 users recommend
1 user is unsure
5 users don't recommend
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Loan Amount $100,000 - $1,500,000
Loan Term (Years) 30 years
Number of Reviews 20

Figure Mortgage Refinance Review

Figure Mortgage Refinance is offered by Figure Lending LLC (NMLS #1717824), a direct lender founded in 2018 and based in Reno, NV. Figure Mortgage Refinance is available in 33 states across the USA.

Key Takeaways

  • No-closing-cost mortgages available. This option allows you to include the closing costs into the new loan, so you don't pay for these expenses upfront.
  • Origination fee of 2%. This is on the low end for lenders that charge an origination fee. However, some lenders don't charge an origination fee.
  • Instant online preapprovals. Find out how much you can borrow and what your interest rate will be.
  • Specializes in single-family homes. Only offers mortgages for single-family homes, but not for multi-family properties or manufactured homes.
  • Standard interest rates types. Figure Mortgage Refinance only offers fixed-rate mortgages.
  • Primary and secondary homes considered. Investment homes, such as rental properties, do not qualify for refinancing. However, Figure Mortgage Refinance does offer refinancing for primary and secondary homes (e.g. vacation properties).
  • Fast process. In some cases you can refinance your mortgage loan within 4 business days.
  • Maximum LTV. Figure Mortgage Refinance has a maximum loan to value ratio of 75%.
  • Fair credit accepted. Borrowers with a credit score as low as 620 may qualify for Figure Mortgage Refinance.
  • Maximum DTI ratio. Figure Mortgage Refinance has a maximum debt-to-income ratio of 43%. Your DTI is calculated by dividing your monthly debts (including your proposed mortgage payment) by you monthly income and multiplying by 100.

Figure Mortgage Refinance Pros & Cons

Pros Cons
  • Fast access to customer service (average response time of 15 seconds).
  • Online notary available in some locations.
  • Option to cash-out with refinance.
  • $0 prepayment fee.
  • Considers applicants with fair credit.
  • Available in 33 states.
  • Charges an origination fee of up to 2% of the loan amount.

Figure Mortgage Refinance FAQ

What range of mortgage balances will Figure mortgage refinance?

Mortgage refinancing loans start at $100,000 and go up to $1,500,000

What is the maximum loan term for a mortgage refinance via Figure mortgage?

The term of a mortgage refinance will impact the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. Figure Mortgage Refinance offers 30-year mortgage refinancing loans.

How long does Figure mortgage take to refinance?

Generally, it takes Figure mortgage around 4 day to complete a refinance. Of course, this is just an estimate. The exact time will vary depending on the lender and the market.

Does Figure mortgage charge a mortgage origination fee?

Yes, Figure Mortgage Refinance will charge a loan origination fee of 2% of the loan amount.

Does Figure mortgage charge prepayment fees?

No, Figure Mortgage Refinance does not charge prepayment fees. This means you will not have to pay additional fees if you decide to repay the mortgage early.

What property usage types does Figure mortgage allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Figure Mortgage Refinance allows the following property usage types: 

  • Primary home
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Message From Figure mortgage

Figure Technologies is transforming the lending experience for consumers through the power of automation technology. Figure can take loans from application to funding in weeks, not the months-long process offered traditionally. Their products eliminate time consuming appraisals appraisals and inspections, requires zero paperwork and offers five star customer service. Currently Figure offers HELOC and Mortgage Refinancing and plans to continuously expand its portfolio of loan products. The company was founded by serial technology entrepreneur Mike Cagney, who also founded SoFi and built the company into a multi-billion dollar business under his leadership as CEO.


Hours of Operation

  • Sunday Closed
  • Monday 6:00am - 6:00pm
  • Tuesday 6:00am - 6:00pm
  • Wednesday 6:00am - 6:00pm
  • Thursday 6:00am - 6:00pm
  • Friday 6:00am - 6:00pm
  • Saturday 6:00am - 6:00pm

Other Services by Figure Lending LLC


  Available in 33 states
  • Alaska
  • Alabama
  • Arizona
  • California
  • Delaware
  • Florida
  • Georgia
  • Iowa
  • Idaho
  • Indiana
  • Kansas
  • Louisiana
  • Massachusetts
  • Michigan
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • South Dakota
  • Tennessee
  • Washington
  • Wisconsin
  • West Virginia

Feature Breakdown

Late Fee Grace Period 15 days
No Prepayment Fee
Origination Fee (%) 2%
Credit Score Range 620 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Intended Use Primary Home
Maximum LTV 75%
Property Type
  • Single Family Home
  • Townhome
Funding Time Range 4 days
Mortgage Features
  • Cash-Out Refinance
  • No-Closing-Costs Option
  • Instant Online Preapproval
Loan Term 30 years
Loan Amount $100,000 - $1,500,000
Interest Rate Types Offered Fixed-Rate Mortgage

Figure Mortgage Refinance Community Reviews


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This product is mostly recommended by SuperMoney users with a score of +45, equating to 3.9 on a 5 point rating scale.


Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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