Review of Figure
Home equity lines of credit (HELOC)
100% online applications
Asset management for individuals and institutions
Low APRs from 2.49% (conditions apply)
What Is Figure?
Figure is a fintech company co-founded in 2018 by Alana Ackerson, Cynthia Chen, June Ou, Michael Cagney, and Sara Priola.
With over $2 billion funded for their members, Figure leverages blockchain, AI, and advanced analytics to unlock new access points for consumer credit products that can transform their customers’ financial lives.
They specialize in providing home equity release solutions, including home equity lines of credit, home improvement loans, and home buy-lease back offerings for retirement and personal loans.
Relatively new to the consumer home finance industry. Figure is a private financial technology company.
They offer innovative financial solutions to homeowners, giving their members a more straightforward way to optimize their lending opportunities.
How To Get A Figure Loan?
Figure off a 100% online application process. It’s easy to understand and use their website, and the loan application is very smooth.
It takes less than 10 minutes to fill out the application from beginning to end.
They do an outstanding job of highlighting all the products and services they offer members.
Here at Financer.com, we think there’s something to be said for simplicity, both in user experience and in site design.
The Figure site delivers on both of these while staying true to their stated mission: “Rewire the American banking system so that we can positively change the financial path for every hard-working American.”
Home refinancing up to $500,000 (conditions apply)
Personal loans up to $50,000 (conditions apply)
Home Equity Lines of Credit up to $250,000 (conditions apply)
Digital fund services
Individual and institution financing available
What Does Figure Offer?
Key Figure Features
Access to Your Money Faster. Their industry-first blockchain technology simplifies the application process so you can get funded faster.
Full Transparency with no hidden meanings or extra charges—ever. They believe in always being upfront about rates and fees so you can have complete control of your assets.
Figure provides flexible options. With multiple ways to borrow and invest, you can save and grow your money the way you want to.
At Financer.com our review of Figure is that it is a cutting edge fast and affordable way to borrow money.
With low APRs and streamlined systems, we recommend considering Figure when you are looking for your next loan.
Why Customers Choose Figure
Figure is a financial technology company with the mission of leveraging blockchain, AI, and advanced analytics to unlock new access points for consumer credit products that can transform the financial lives of their customers. Below we have listed just a few of the many advantages of choosing Figure for your borrowing needs:
- Access to Your Money Faster: Their industry-first blockchain technology simplifies the application process so you can get funded faster.
- Full Transparency: No hidden meanings or extra charges—ever. They believe in always being upfront about rates and fees so you can have complete control of your assets.
- Flexible Options: With multiple ways to borrow and invest, you can save and grow your money the way you want to.
Easy online application
Customer support lines are available 6 days per week
Custom options and offers
15 and 30-year fixed-term mortgage options
Live chat available
Competitive interest rates starting at 2.49%
No face to face stores available
We here at financer.com recommend Figure.com.
It is one of the most popular home equity lenders we have reviewed. They have earned their reputation by creating a site that is streamlined and simple to use.
This application process only takes 5 minutes and by offering multiple support options. Here at Financer.com, we can gladly say that Figure.com is a great option if you’re looking for a home equity loan.
Can I apply for multiple loans with Figure?
Sure, as long as you meet the minimum requirements for each loan.
What if I choose to back out of the loan?
You are not obligated until you have signed your final loan documents and the three-day rescission period has expired. However, you may be charged for fees incurred during your loan processing, such as appraisal fees or credit report fees.
Where are Figure Loans Available?
Figure Home Equity Line is available in AK, AL, AR, AZ, CA, CO, CT, DC, FL, GA, IA, ID, IL, IN, KS, LA, MA, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, OH, OK, OR, PA, RI, SD, TN, VA, VT, WA, WI, WY.
Figure Mortgage Refinance is available in AK, AL, AR, AZ, CA, DE, FL, GA, IA, ID, IN, KS, LA, MA, MI, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, OH, OK, PA, SD, TN, WA, WI, WV.
Figure Personal Loan is available in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IN, KS, KY, LA, MA, ME, MI, MN, MO, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY.
More states will be added for all offerings over time.