Are you looking for a simple and fast way to get a home equity line of credit that fits your budget? Our Figure Home Equity Line review might just be the answer. So, read on!

Also, with no credit score impact when applying, they’re able to provide pre-qualification in less than minutes.

Plus, with their competitive rates on everything from fixed rate options to no closing costs or appraisals required, it’s easier than ever to find the perfect solution for your needs.

Therefore, keep reading our Figure Home Equity Line review for insider tips and more information about this convenient option!

The whole amount of the Figure Home Equity Line loan (minus the origination fee) will be available for use at the moment of the issue because it is an open-end product.

However, although there is no flexibility in the product’s draw function, the quantity of financing available at product creation is set.

As mentioned, you can find many perks when getting your home equity line through Figure HELOC. Moreover, there are no annual fees or prepayment penalties.

However, there are also some downsides, as with any other lender. Therefore, read our pros and cons list below to learn more and see if this is your best choice!

You probably won’t be able to qualify for a home equity line through Figure if you have a not-so-good credit score. Moreover, you’ll need to have at least a 680 score to have more chances to qualify.

However, you can have the option to prequalify. So, Figure pre-qualification offers have no effect on credit scores when viewed. Soft inquiring is what this causes.

There is a very simple and quick way to apply for the Figure Home Equity Line. Also, you’ll only need to provide the personal information required during the pre-qualification.

In addition, if you prequalify, you can complete the application even faster!