At Figure, we're transforming home equity by creating a faster, simpler and more transparent way to meet your financial goals. Learn how to use the equity in your home to consolidate debt, pay for home improvement, or fund your goals. The process is easy, secure, and faster than ever before.Visit Website
Figure is a financial technology company leveraging blockchain, AI and analytics to deliver products to improve the financial lives of our customers. We create innovative products for consumers and a blockchain protocol that enhances the origination, custody, trading and securitization of assets for institutions.
Our APRs start at 4.99% for the most qualified applicants and are higher for other applicants. For example, for a borrower with a CLTV of 45% and a credit score of 800, a five-year Figure Home Equity Line with an initial draw amount of $50,000 would have a fixed annual percentage rate (APR) of 4.99% and a 3.00% origination fee. Your total loan amount would be $51,500. Origination fees range from 0-4.99% of your initial draw depending on your credit score and the state in which your property is located. The advertised rate is available only to borrowers using primary residences as collateral. Your actual rate will depend on many factors such as your credit, combined loan to value ratio, loan term and occupancy status.
Loan Types Offered: HELOC
Property Types Covered: Single Family
Areas Served: AL, AR, AZ, CA, CO, CT, DC, FL, GA, ID, IL, IN, KS, LA, MA, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, OH, OK, OR, PA, RI, SD, TN, WA, WI, WY
Lending Guidelines for Figure.com
Below are the general loan guidelines published on the Figure.com website. Please confirm all terms and rates directly with the lender.
Refinance / Cash Out LoansLoan Amounts: $15,000 - $150,000
Available Rates: 4.99% - 13.74%
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): 95%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: YES
Interest Only Loans: NO
Prepayment Penalties: NO
Minimum FICO Score: 600
Time to Close: 5 Days
The following loans are for education purposes only. They do not represent actual loans executed by Figure.com.
Loan Example 1
Loan Example 2
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