Loans
Figure Home Equity Line of Credit: how to apply now!
Applying for the Figure Home Equity Line of Credit is quick and easy, and you can complete the process entirely online. Check out!
Advertisement
Extra cash to fund a big project or investment in a few steps
Are you considering to apply for a Figure Home Equity Line of Credit? Then this flexible borrowing option can be a great way to finance your home improvement projects!
Thus, in this article, we’ll explain how to apply for a Figure Home Equity Line of Credit and compare it to a popular alternative, the SoFi Personal Loan. So, keep reading!
Apply online
To get started, all you need to do is visit our website and click on the “Find My Rate” button.
Further, you’ll be asked to complete a simple form with some basic information about yourself and your property.
Firstly, you’ll need to know the address of the property for which you are seeking a home equity line of credit.
Next, they’ll ask you to specify the type of property – whether it is your primary residence, a second home, or an investment property.
Also, this information will help them determine the terms of your home equity line of credit, as each type of property may have different eligibility requirements.
You will be redirected to another website
By submitting this form, I agree that I am 18+ years old and I agree to the Privacy Policy and Terms and Conditions. I also provide my signature giving express consent to receive marketing communications via automated emails, SMS or MMS text messages and other forms of communication regarding financial products such as credit card and loans. Message frequency varies and represents our good faith effort to reach you regarding your inquiry. Message and data rates may apply. Text HELP for help or text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and I may revoke my consent at any time.
Requirements
To apply for a Figure Home Equity Line, there are a few requirements that you will need to meet. Firstly, you must be at least 18 years old and a legal resident of the United States.
You must also have a minimum credit score of 600, and your property must be located in one of the eligible states where Figure offers its services.
Apply on the app
While Figure doesn’t currently have a dedicated app for applying for a home equity line of credit, you can still easily apply on your mobile device through the web browser.
After all, this website is optimized for mobile so that you can complete the application process from anywhere at any time.
Figure Home Equity Line of Credit vs. SoFi Personal Loan: which one is the best for you?
If you’re considering a loan to fund a home improvement project or consolidate debt, consider the Figure Home Equity Line of Credit or a SoFi Personal Loan.
Both options have their advantages and disadvantages, and the choice ultimately depends on your specific financial situation.
Thus, one key difference between the two loans is their interest rates.
So if you have a good credit score, you may be able to qualify for a lower interest rate. Further, check out the comparison.
| Figure Home Equity Line of Credit | SoFi Personal Loan | |
| APR | Not disclosed; | 8.99 – 23.43% Variable; |
| Loan Purpose | Home improvements, Fund a small business, Debt consolidation, Pay for college tuition, and more; | Credit card consolidation, Home improvements, Relocation assistance, and Medical procedures; |
| Loan Amounts | $15,000 to $400,000; | $5,000 – $100,000; |
| Credit Needed | 640 minimum; | 650 minimum; |
| Terms | 5, 10, 15, or 30 years; | 2 to 7 years; |
| Origination Fee | 4.99%; | None; |
| Late Fee | N/A; | None; |
| Early Payoff Penalty | N/A. | None. |
If you’re interested in learning more about how to apply for a SoFi personal loan, so be sure to check out their website for more information.
SoFi Personal Loan: how to apply now!
Learn how to apply for the SoFi personal loan. No hidden fees. Borrow up to $100k and use it for multiple purposes. Read on to learn more.
Trending Topics
Great news! Based on your selection, we’ve listed the best cards for you below
Explore the top credit cards tailored to your score! Navigate your choices and pick the right card for your financial health and lifestyle!
Keep Reading
Applying for the Regions Prestige Visa® Signature Credit Card: learn how!
Learn how to apply for the Regions Prestige Visa® Signature Credit Card today. No annual fee and 0% intro APR.
Keep Reading
Best Egg Personal Loan review: is it worth it?
Check out the Best Egg Personal Loan review. Enjoy approval and borrow up to $50,000 for multiple purposes. Keep reading to learn more.
Keep ReadingYou may also like
Different types of loans available: which one is right for you?
Need a loan but don't know which one to choose? Don't worry. We'll help you. Check out the different types of loans.
Keep Reading
OppLoans review: is it worth it?
Find out if OppLoans is the right solution for you in this comprehensive review. Pay $0 origination fee! Fast application process!
Keep Reading
Lazy investing portfolio: a beginners guide
A lazy investing portfolio is the best strategy for people who want to build wealth without having to keep track of complex market data.
Keep Reading