– 100% online application—no in-person appraisal needed
– Pre-qualify in minutes; funding in as few as 5 days
– Borrow up to $400,000 with flexible terms
– Soft credit check—no impact on your score
Tap into Your Home’s Value — Flexible, Fast, and Smart Financing
Your home has worked hard for you. Now it’s time to make your equity work for you. A Home Equity Line of Credit (HELOC) gives you flexible access to cash — whenever you need it — for home improvements, debt consolidation, education expenses, and more.
Unlock Your Home Equity with Figure
Why Choose a HELOC?
- Access Up to 85% of Your Home’s Value
Borrow against your home’s equity at lower rates than most credit cards and personal loans. - Flexible Borrowing Power
Draw only what you need, when you need it, during your draw period — no need to take out a lump sum. - Lower Monthly Payments
Enjoy low, interest-only payments during the initial draw period, helping you manage cash flow easily. - Reuse and Repay on Your Terms
As you repay principal, your credit line becomes available again — perfect for ongoing or multiple projects. - Potential Tax Benefits
Interest may be tax-deductible if used for home improvements (consult your tax advisor).
How a HELOC Works
- Apply and Get Approved
Quick application process — get a credit decision in as little as a few days. - Access Your Funds
Use your line of credit like a checkbook or card for renovations, tuition, consolidating debt, or big purchases. - Flexible Repayment
Make interest-only payments during the draw period, followed by manageable monthly payments once you move into the repayment phase.
Popular Ways to Use Your HELOC
- 🛠 Home Renovations: Upgrade kitchens, bathrooms, and outdoor spaces to boost home value.
- 💳 Debt Consolidation: Pay off high-interest debt and simplify monthly bills. Learn about HELOCs for debt consolidation.
- 🏡 Invest in Real Estate: Use your equity to fund down payments for rental properties. See investment HELOC options.
- 🎓 Education Expenses: Pay for college or private school tuition with lower interest rates than most student loans.
Why Now Might Be the Perfect Time
While mortgage rates have fluctuated, HELOCs offer a powerful way to access capital without refinancing your first mortgage.
Take advantage of your built-up equity while keeping your existing low-rate mortgage intact.
Get Started in 3 Easy Steps
✅ Check Your Eligibility — Find out how much you can qualify for with no obligation.
✅ Compare HELOC Offers — We’ll match you with top lenders offering competitive rates and terms.
✅ Unlock Your Funds — Access your money quickly and start using your equity to achieve your goals.
Get Matched with a HELOC Lender Now
Frequently Asked Questions
How much can I borrow with a HELOC?
Most lenders allow you to borrow up to 80–85% of your home’s value, minus what you still owe on your mortgage.
How is a HELOC different from a home equity loan?
A HELOC acts like a credit card — borrow what you need when you need it. A home equity loan gives you a lump sum upfront with fixed payments.
Are HELOC rates fixed or variable?
Most HELOCs have variable interest rates, but some lenders offer options with initial fixed-rate periods for added stability.
Need help deciding? Use our Loan Comparison Calculator to find the best fit.
Ready to Put Your Home Equity to Work?
Get the funds you need for the life you want — without selling your home or refinancing your mortgage.
👉 Check Your HELOC Options Today
Additional Resources
Stay in Control. Stay Empowered. Tap into Your Home’s Potential with a HELOC Today!
Unlock Your Home Equity with Figure
– 100% online application—no in-person appraisal needed
– Pre-qualify in minutes; funding in as few as 5 days
– Borrow up to $400,000 with flexible terms
– Soft credit check—no impact on your score
Our advice is based on experience in the mortgage industry and we are dedicated to helping you achieve your goal of owning a home. We may receive compensation from partner banks when you view mortgage rates listed on our website.