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When searching for a home equity line of credit, the last thing you want is a long, drawn-out process. Figure.com understands your situation and wants to get you approved, financed and on with your life as quickly and seamlessly as possible.
| Loan types | Home equity, HELOC |
|---|---|
| Minimum credit | 600 |
| Origination fee | Up to 4.99% of the loan amount |
| Other fees | None |
| Available States | Not available in: AK, DE, HI, IA, KY, MD, NY, SC, TX, UT, VT, VA, WV |
Figure strives to make the HELOC process as simple as possible. Using AI and Blockchain technology, it offers speedy turnaround and competitive rates. Blockchain technology allows for digital data to be transmitted and accessed faster and more safely than ever. What this means for you is near-instant approval and the confidence that your personal information is secure.
If you qualify for a HELOC, you can expect:
To qualify for a HELOC with Figure, you’ll need a minimum credit score of 600 and your name needs to appear on the county record as the owner of the property.
Your property needs to be either a single family residence or townhouse and have hazard insurance and flood insurance if it’s located in flood zone A or V. The property does not need to be your primary residence to qualify.
To qualify for a HELOC with Figure, make sure you and your property meet stated requirements:
Have these documents ready before you apply:
Make the most of your HELOC with Figure by:
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top home loan providers and rate them one to five stars based on factors that are most important to you. These factors include: rates and fees, product selection and borrower experience.
Read the full methodology of how we rate home loan providers.
Review by
Gabrielle Pastorek is a staff writer at finder.com, helping readers to round up the best deals, coupons, retailers, products and services to make sound financial decisions. She's written more than 800 articles on the site and is a quoted expert in Best Company and DealNews. She earned an MFA from the University of Pittsburgh, with essays and short stories published in The Collagist, Blue Monday Review, Blotterature and others. When she’s not writing, Gabrielle can be found out in the barn with her horse, Lucy.
Figure’s home equity loans are good for a quick approval process and minimal fees, and competitive APRs starting at 4.99%. But you won’t get in-person support and it’s loans aren’t available in all 50 states.
To compare other lenders, research home equity loans before making a final decision.
