#1 Non-Bank HELOC in the U.S. *navigates to bottom disclaimer
Whether you're planning a home renovation project, consolidating high-interest debt, or funding your dream vacation, Figure's Home Equity Line of Credit can be the key to making it happen.
- $9Bin equity unlocked with Figure's platform
- 100K+households served with Figure's platform
- 100%online application
process
What can I use a home equity line of credit for?
Whether it's revitalizing your home, consolidating high-interest debts, investing in education, or fueling the growth of your business, a HELOC empowers you to turn aspirations into realities.
Home improvement
Learn moreHigh interest debt consolidation
Learn moreEducation
Learn moreFund your business
Learn moreHow much could I borrow with a HELOC?
Figure offers lines of credit up to $400k5navigates to numbered disclaimer
You'll need to have a good credit score, have a reliable payment history, have a low enough debt-to-income ratio (DTI), and have enough available equity in your home to qualify.
Adjust the chart below to create the custom amount that relates to you.
$800,000
Current Home Value
$550,000
Remaining Mortgage Amount
In this scenario, you could qualify to borrow up to
$90,000
Find my rate*Based on borrowing 80% of your current home value
Explore our frequently asked questions
- What is a HELOC?A home equity line of credit, or HELOC, is a form of borrowing that is secured by the equity you have in your home. Learn more
- Can I use a HELOC to pay for medical expenses?HELOC funds can be used to pay for procedures, surgeries, medications, hospital stays, prescriptions, medical equipment and devices, copays, home help nursing, and other medical costs. Learn more
- Will You Need to Pay Capital Gains Tax When You Sell Your Home?Home sellers are eligible to exclude federal capital gains taxes on the sale of their primary residence on profits up to $250,000 for a single filer or $500,000 for joint returns as long as they owned and lived in their home for 2 of the past 5 years. Learn more
- What are the tax benefits of a Home Equity Line of Credit?Depending on how you use the funds, interest payments from a home equity loan or home equity line of credit might be tax deductible when filing your annual taxes. Learn more