FIGURE HELOC Program Summary

Our Home Equity Line of Credit (HELOC) program offers homeowners a flexible borrowing option based on the equity in their homes.

Eligibility Requirements

Must be a homeowner.
Loan amounts vary based on FICO score.
Origination fee: 1.5% to 4.99% (where allowed).
Maximum Combined Loan-to-Value (CLTV): 85%.
Annual Percentage Rate (APR): 6.50% – 11.00% (includes discounts for credit union membership and autopay).
Credit limits: $15,000 to $400,000 (minimums vary by state: $25,001 in AK, $35,000 in TX).
Maximum of 2 existing mortgages/liens on the property.
Debt-to-Income ratio must be less than 50%, often under 43%.
Minimum 2 years of credit history.
No delinquencies on current mortgage in the last 6 months.
No foreclosure in the past 5 years.
No collections or bankruptcies in the last 7 years.

Eligible: Single-family residences, townhouses, duplexes, planned urban developments (PUDs), and most condos.
Ineligible: Co-ops, commercial properties, multifamily real estate, manufactured housing, timeshares, log homes, houseboats, or mixed-use properties.

Largest non-bank HELOC lender in the U.S.
Approval in as little as 5 minutes; funding in as few as 5 days.
Flexible terms allowing borrowing from $15,000 to $400,000, with the ability to redraw up to 100%.
100% digital application process and automated valuation.
Ideal for debt consolidation or financing home projects.