Origination fee applies — add to your total cost calculation; confirm at figure.com
Prepayment fee may apply on some products — verify at figure.com before signing
No in-person branch support — entirely digital servicing
Figure Home Equity Loan requirements
Credit score: 680+ FICO typical for approval
Max CLTV: Up to 85% combined loan-to-value per Figure disclosure
Property type: Primary or secondary residence; not all investment properties qualify in all states
Primary or secondary residence (not investment properties in all states)
680+ FICO typical
Adequate equity to meet CLTV requirements
Figure Home Equity Loan rates & fees
Figure's fixed APR starts from approximately 8.35%, varying by credit profile, LTV, and loan amount per Figure disclosure. Loan amounts range from $15,000 to $400,000. An origination fee applies and a prepayment fee may apply on some products — confirm the full cost at figure.com before signing.
Figure Home Equity Loan — Fastest home equity loan closing on this list — 5-business-day average from application to funding. Best for: Homeowners who value speed and a fully digital experience over in-person banking relationships.. Compare it against alternatives before applying; the right fit depends on your situation, credit, and goals.
Questions about Figure Home Equity Loan
Does Figure use an automated appraisal or a full appraisal?
Figure uses an automated valuation model (AVM) for most applications rather than a full in-person appraisal — this is a primary driver of the 5-day funding timeline. AVMs estimate property value from public records, comparable sales, and modeling. In some states or property types, Figure may require a full appraisal, which extends the timeline. Verify the appraisal approach for your specific property at figure.com before applying. Source: Figure application process disclosures at figure.com.
Is ClearValue Lending affiliated with Figure Lending?
No. This is an independent editorial review. ClearValue Lending is not affiliated with Figure Lending LLC. All loan terms, fees, and eligibility are determined by Figure. Verify current APRs, fees, and terms at figure.com before applying.
How we rate
Every pick gets a 1–5 ClearValue Rating computed from four weighted factors: Editorial confidence (30%), Cost (25%), Value (25%), and Accessibility (20%).
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