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
Applying for the Deserve EDU Student Credit Card: learn how!
The Deserve EDU Student Credit Card has 1% cashback and does not require a credit score. See how to apply and get your card today!
Keep Reading
Up to $5K easily: CreditFresh Line of Credit review
Looking for a reliable line of credit option? Check out our CreditFresh Line of Credit review for all the details you need to know.
Keep Reading
Applying for the HSBC Premier Checking Account: learn how
Find out what you need to know before applying for an HSBC Premier checking account, and learn how to apply online.
Keep ReadingYou may also like
Balance transfer credit card: what is it?
Read this article to learn what is a balance transfer credit card and how it can help you save a lot of money on interest rates!
Keep Reading
First Access Visa® Card full review
If you have a low score and need a credit card, read our First Access Visa® Card review and find out how this credit card option can help!
Keep Reading
Applying for the Total Select Visa Card: learn how!
You can apply for the Total Select Visa Card online. Learn how to complete your application and start raising your credit! Read on!
Keep Reading